First, did I mentioned it's my Birthday tomorrow?
How did I get here?
In March 2023, I was introduced to Hive blockchain social media blogging platform where you get rewarded for your effort. I did not know much about Hive blockchain but I knew it was a fork from Steem to set a new direction for this evolving community. I did have some knowledge about bitcoin and some basic understanding between one type of blockchain compared to another. And I did have some knowledge in Bitcoin/Ethereum mining distinct methodologies. Today, I am confident in saying I know a lot more about crypto, blockchain and digital asset use cases.
As an experienced investor, since 1980, I am continually looking for and creating earning opportunities. Not just for me but for as many people as possible. You see, long ago, I figured out my purpose here on Earth and in its simple description, it is to observe systems, analyze them and influence changes that will make Earth a better place to live on then when I arrived. Well, Hive protocol is an excellent choice for me to learn before I earn and to influence positive changes that delivers a more equitable reward system for everyone. Now I know from my experience that every system has flaws, including our beloved Hive ecosystem. So I now share my approach to addressing existing challenges we all face from an ever expanding chaotic world. If your interested in growing digital wealth to share with others and not just feed billionaires then you may be a great resource for our Project ePayTraffic (PEPT) ecosystem.
In the beginning...
One of the things I learned quickly on Hive was that being a decentralized system did not eliminate the problems often seen in a centralized systems. In fact, because of some super wealthy influencers and bot technology, it can be extremely challenging for a new Hiver to compete for rewards from the system. There are many paths a user can take and unfortunately, users can be mislead into taking an unfavorable path. A path that does not synchronize very well with their own journey on Earth. For example, many suggestions were made about joining certain tribes. A tribe being a Hive community with a defined interest that separates it from another community. Which is fine when you already know your preferred interest and you are not looking to build a project based on an idea with a token use case. So for me, having a broad interest and on a mission to tokenize just about everything I do everyday, I had difficulty in committing to one or a few communities. My solution was to start my own community to contain, share and disseminate knowledge used to defined the essence of my overall purpose in life. My online business includes a traffic exchange website called ePayTraffic.com and noticing that the word project is often synonymous with crypto; Project ePaytraffic was created. Thus became the journey to integrate a web2 world with the new web3 internet of things.
Project ePayTraffic(#PEPT)
https://tribaldex.com/trade/PEPT
The above chart I created myself based on some daily price checks and plotting some moving averages of the price. A Moving-Average(MA) technical indicator is a basic indicator and often overlooked by many investors. I follow the KISS Principle, Keep it Simple Silly. The value of PEPT comes from holding various Hive based assets as well as off chain assets. Including holding shares in various publicly traded companies and a few crypto coins like ETH, ATOM, HBAR, DOGE, etc.
Not long after the PEPT token was introduced on Hive, there was a 2 for 1 split where holders had their token holdings doubled. It may happen that a token split will occur again but that is not an immediate concern. Everybody that bought and/or earned PEPT tokens can sell at a profit. I know the book value and I don't have any problem buying back tokens below book value. When ePayTraffic website was created, it came with a revenue sharing compensation plan for affiliates. Affiliates could request a payment via Paypal when their project units appreciated more than 20% based on an annualized yield. Today, all compensation, including commission and earnings from surfing on ePayTraffic is paid via #ePay tokens. An ecommerce token use case.
The ePay token conversion and payment process is done mostly manually but is being integrated with Hive to take advantage of the platform Smart Contract capability. This is an example of a process improvement initiative that is funded via our #TooFuckeh problem solving token use case.
Note: There are only 12,000 PEPT tokens issued and held mostly by FJ and project system accounts. New tokens will not be issued unless we have another token split and/or FJ needs more funds for project deliverables.
Mission, Vision, Values, Beliefs and Principles
It is very common for some people to separate personal activities from other activities. Like business and organization activities for example. For me, because of the way our world economies continue to unfold, I link most daily activities to a business relationship and risk management activity. By incorporating, my company FJ World Inc is able to build digital wealth by following business best practices and following some stringent policies. With a few years in the Quality Assurance field, I understand the need of good governance and quality management directives. I understand the need, value and importance of having stakeholders supporting similar core fundamental values. Often, project goals and objectives may fade during a project lifecycle. Many projects fail because they lack the necessary policies, principles and beliefs that set the tone for ongoing success and survival in an ever changing and chaotic world. To address this foundational requirement, #FJism was created.
https://tribaldex.com/trade/FJISM
This blog is not about getting to far down a rabbit hole but to identify the various components of a PEPT ecosystem. You may read the blogs created to identify the core values expected from you as a supporter of our PEPT ecosystem.
veridiPASS ...a real life gamming platform.
A couple of months ago, I finalized the model that would best represent the goals and objectives of our PEPT ecosystem. It is my belief that everyone should have fun every day and the by-product of that fun should be an increase in disposable income.
veridiPASS is being developed as a veridical passage linking our PEPT ecosystem with other platforms and systems. This accommodation allows for a wide scope of user interest to collaborate on various projects, tasks and initiatives. By capturing and scoring user activities it is possible to direct efforts in a way that creates synergy across individual journeys as well as the overall PEPT Learn Before You Earn journey. If you hold some FJism it means you benefit from collaborating in FJ's digital wealth building journey.
May Positive pepEntropy be with you.
https://tribaldex.com/trade/PEPENTROPY
While our PEPT account is the overall banker account funding various digital wealth building activities, pepEntropy is a token and digital wealth trading account. The Qualitative Investment Strategies(QIS) used are proprietary to FJ World Inc. As a token holder you benefit from FJ's trading activities. You hold tokens and you receive Return of Capital(ROC) paid monthly in SWAP.HIVE
Again, PEPT has several system accounts that benefit from holding pepEntropy tokens. So profits are shared across system accounts as well as stakeholders funding used to leverage returns from pepEntropy trading activities.
Living in a #TooFuckeh World
https://tribaldex.com/trade/TOOFUCKEH
Background information...
@toofuckeh/dare-to-be-toofuckeh-different
With many years of problem solving experience for a billion dollar electric power company, I was able to refine problem solving methodologies to reduce system waste, improve efficiencies and where necessary identify flaws in systems and processes preventing desired outcomes. Sometimes you need to replace a process or system because it can no longer delivery what it was originally intended to deliver. This happens almost everywhere. People keep feeding money pits because that is what we have always done and it cost too much to start over. Well, that is a TooFuckeh situation. When your problem solving, you need to be very aware of the scope of the problem. Sure, we can come up with some solution to the greatest world problem but in the context of our PEPT ecosystem, we will focus on more specific challenges. This could be a small software development project, a process improvement initiate or a component of a larger related and connected platform across several networks. As mentioned above, TooFuckeh tokens play a role in funding process improvement initiatives. For example, veridiPASS is a website, a gaming platform and a point of connectivity across various networks. Lots of work must be completed such work needs to be funded.
veridiPASS Project Funding
@veridipass/introducing-veridipass-community-and-website
The PEPT Banker account transferred a million TooFuckeh tokens to the veridiPASS Hive account. The tokens were placed on the open market for hivers to buy. The SWAP.HIVE received is used to pay for necessary work to complete various defined stages of the project. This funding also helped in building some Hive Power and to delegate resources that would contribute to additional revenue streams. The token debt is repaid to the PEPT banker account and the increased cash flows from improved operation is used to buyback TooFuckeh tokens. At this time, the proceeds from selling TooFucleh tokens is coming from FJ and existing PEPT system accounts. As more Hivers learn about PEPT, funding from Hivers should increase and thus leverage additional revenue streams for token holders supporting our PEPT ecosystem.
Now What?
Hopefully this information is helpful in providing a better understanding of the many components of our PEPT ecosystem. I have a few more blogs to complete and link with existing blogs in our PEPT community. In particular, creating an updated version of our PEPT Book of Knowledge. Also, I will be looking for coders, graphic designers, marketers, administrators, educators and a few other roles as the PEPT project journey continues. So be on the lookout, there may be a request for work coming.
Please do not hesitate to comment, share thoughts or ask questions. It would be my pleasure to learn from your feedback.
#LUV and Positive pepEntropy to all.
FJ