The aim of this post is to update ThiagoRe Project regarding ThiagoRe Power distribution and the formation of ThiagoRe Council.
ThiagoRe [Thiago Rewards] is designed to empower content producers and curators. ThiagoRe.com, the tokenized blogging app allows participants to engage and share content on the blockchain and earn Thiago (THIA) tokens through a decentralized UPvote mechanism.
Built on Hive Blockchain, ThiagoRe uses a duo token system (Thiago, ThiagoPower) and as such benefit from the battle tested Hive’s duo token system.
ThiagoPower is the voting token of ThiagoRe.com. It leverages the wisdom of the crowd to assess the value of content and distribute Thiago token to it. It gives to holders more control over post payouts and allows them to earn posting/curation rewards.
Delegation of ThiagoPower
ThiagoRe uses Hive’s “Delegation” functionality to Delegate ThiagoPower to handpick community members to help kick start the ThiagoRe Upvote economy. These members will serve as the project Council for a period not more than 1 year.
ThiagoRe Content
All content related to BITCOIN, EOS & HIVE ecosystems or Any ecosystems powered by ANTELOPE Blockchain Operating System (Wax, Proton, Libre, Telos).
ThiagoRe Council
ThiagoRe council will initially be composed of 4 members who will receive ThiagoPower Delegation to assess and distribute rewards to content producers.
The council will pick 1 or 2 non-Blockchain/Crypto topics to be added as content to be indexed and rewarded (i.e: Art, Environment, Tourism).
The council will use a fractal governance model for decision making and for evaluating peers' voluntary contributions.
Council formation and rules
- The minimum number of members in the council is 4.
- The maximum number of members in the council is 21.
- The initial members of the council will be handpicked.
- The duration of ThiagoPower Delegation to a council member is not more than 1 year.
- Delegated ThiagoPower to a council member can be Undelegated.
Within the 1 year, the decision to Undelegate ThiagoPower to a council member will be made by consensus. - ThiagoRe will use Bitcoin and/or Thiago as incentives for council member voluntary participation.
- ThiagoRe council will use Fractally and/or EdenonEOS frameworks as guidance for governance.
- ThiagoRe will require council members to be able to read, write, speak and understand the English and/or French language.
- A council member is free to join any preferred language group for discussion and consensus, but he will not receive double Delegation nor double participation incentives.
- A council members can leave at any time within the year by posting a notice on ThiagoRe.com blogging platform.
- For council consensus meetings, the minimum is 4 and the maximum is 6.
- For head council consensus meetings, 1 standby council member will be called to attend.
- Any modification to this council formation must be accepted by consensus by ⅔ of current council members.
Comments, suggestions, contributions are appreciated and welcome by replying under this post.