Introducing Minnow Fund
Minnow Fund is a Steemit initiative that assists minnows in their upstream battle for Steem dominance through funding and education. This project is provided and supported by the @brandonfrye upvote service and its delegators. If you would like to fund this project, please consider delegating your SP to the @brandonfrye upvote bot which pays out 35%+ APR. You can also bid on the bot to promote your posts and support our efforts that way as well.
The Problems We Aim to Solve
When new users join Steemit they are faced with two main challenges:
1) Lack of understanding how the Steem blockchain works and the "unwritten rules" of Steemit.
2) Low Steem Power which means extremely low bandwidth to perform common tasks such as posting, resteeming, and commenting.
These two issues are our primary concern here at MinnowFund but we understand that there are other challenges that new users face, and we plan to assist in helping minnows overcome those as well. This service will undoubtedly evolve over time as we encounter new obstacles that our members are facing.
Where We Come In...
Education
Educating new Steemians should be the first line of defense offense. We do this through the @brandonfrye channel on Steemit which provides several new videos each week pertaining to building a Steemit channel, connecting with your following, understanding the Steem blockchain, new dapps being introduced, creating content, etc. We strongly encourage all minnows to follow @brandonfrye to gain a better understanding of how best to utilize this incredible, decentralized platform. And if you have any questions or suggestions for future vidoes, @brandonfrye is always taking suggestions. Simply leave a comment on one of the posts and he will respond.
Funding Through Delegation
Our second service here is delegating Steem Power to minnows in order to improve their bandwidth and allow them to earn some curation rewards. @MinnowFund utilizes an application process to gather qualified candidates. These users must meet certain requirements in order to become a candidate and move on to the voting round. We will pick 10 candidates each week for the community to vote on and, ultimately, decide who will get the delegation for that week. Applications can be submitted from Friday to Sunday the week prior to voting.
Currently, we will be delegating 25 SP to one new user a week. This user will hold onto the 25 SP delegation for a total of 45 days. As we receive more funding from the community via our upvote bot service, we will be able to delegate more SP, to more people, and for more time. Our goal is to delegate 50 SP to 5 new people a week with a hold time of 90 days. This will come in the near future but will require increased delegation to the @brandonfrye upvote bot from investors.
Again, your support via delegation would help tremendously!
Who Is a Perfect Candidate For Delegation?
We feel that the perfect candidate to receive delegation from @minnowfund is somebody who...
- Is somewhat social media savvy, but is willing to learn more
- Is detail oriented and a stickler for proofreading for grammatical errors
- Is a go-getter and doesn't give up easily
- Is constantly brainstorming new ideas for content
- Enjoys setting new goals for themselves
Obviously nobody is perfect but these are some ideals that we're looking for in our candidates.
When Will Funding Start?
Our first application round will begin this Friday 4/06/18. A new post will be published on this channel each Friday with an announcement that applications can be submitted and a link to the forms. Minnows will have 72 hours to submit their application.
Here Are The Current Requirements:
(These could change at any time. Please see the weekly application for most recent requirements)
- Account no less than 4 weeks old
- Post regularly (min 15 posts) in the last 4 weeks
- Minimum of 10 SP and Max of 150 SP in Your Account
- No Plagiarism, Spam, or Misconduct on/from your channel
- Have clear goals for Steemit outlined in a blog post on your channel (Niche, Purpose for Using Steemit, Goals, etc.)
- 50 Followers Minimum (this is to see that you're putting in effort to build)
- History of leaving valuable comments on other channels
- History of engaging with your Steemit following
- Currently only supporting accounts who share video or written content (including photographers with commentary)
These requirements are in place to ensure that those we're investing in have invested in their own success first. We also don't want anybody abusing our service and keeping others from this opportunity.
How is it Funded?
This initiative is 100% funded via @brandonfrye, his upvote bot service, and its generous delegators. 10% of all bids sent in to the @brandonfrye upvote bot are paid out directly to the @minnowfund account, which is then powered up into Steem Power to be delegated out to minnows. This is all made possible by those who delegate to (and bid on) our upvote service. So a BIG Thank You to everyone who's helping to make this opportunity available!
What's Next?..
Now it's time to get the word out! If you're unable to invest in this project, all is not lost. With your upvote and resteem we can get the word out to the Steem Community that this new initiative exists. We're excited to begin assisting new minnows right away!!
Be sure to follow us and be on the lookout for Friday's announcement. And if you know of somebody who could benefit from our services, please tag them in a comment below to let them know.
