Hi everyone,
Welcome to Octobers look at the payouts made to user accounts by Valueplan in October 2024. If you are new to these posts , I basically copy and paste every payout and refund made to Valueplan into an excel document and show Hive users what Valueplan actually spent every month from a marketing point of view. If you are new to this series the past months are below. If there is a large payout month I normally break the month into two posts. One with the monthly payouts and the second post calculating the YTD.
Valueplan the Numbers September 2024
Valueplan the Numbers August 2024 & Payouts YTD Part 2
Valueplan the Numbers August 2024 Payouts Part I
Valueplan the Numbers July 2024 & YTD
Valueplan the Numbers June 2024 & YTD
Valueplan the Numbers May 2024 & YTD
How much is the Rally Car Costing YTD Valueplan the Numbers Jan - April Part I
Valueplan the Numbers part II: Payouts per user ranked from January 2024 - April 30th 2024
Valueplan the Numbers part III : Recipient Account Values
October
So what we saw last month was a relatively quiet month in Valueplan terms as they had to go to the DHF for funding in Q4. As like every business the end of the quarter is very tight for funds so you will see less spent in the last month of the given quarter. However when funding is granted again for the new quarter the faucet is turned back on again and everyone gets a drink of water. Now we ended last month with wooconventions with an amount of 2189.10 HBD funded so we begin just after that with 5,000 HBD given to the Vibes project. . Get the smelling salts ready for this one and take a seat because it is quite tasty. As with all my posts I try to be as objective as possible but I have broken down the payouts this month for the Hive Community to see. The payouts are all in the Valueplan wallet anyway if you want to compare to the below. I will begin with the totals for each user account in October
| Rank | Account name | Project | Hive Funded | HBD funded | Total Dollar Value October |
|---|---|---|---|---|---|
| 1 | @lordbutterfly | Vibes/ Rally car Photography / Miami Art Week/ Social Media Trial Run | 0 | 31,650.00 | $31,650.00 |
| 2 | @ssekulji | Rally car | 154,000.08 | 0 | $31,030.00 |
| 3 | @blackheart1 | Hackathons/ India Blockchain Summit/ Finfarm | 0 | 23,044.75 | $23,044.75 |
| 4 | @swc-oficial | GYM Street Workout | 0 | 12,252.80 | $12,252.80 |
| 5 | @arlettemsalase | Hive Conferences | 0 | 10,781.83 | $10,781.83 |
| 6 | @spiritspurge | Professional Services | 0 | 9,720.00 | $9,720.00 |
| 7 | @qmwallet | Extension to Community Wells Project | 0 | 7,556.00 | $7,556.00 |
| 8 | @victorwallet | Hive Bike Racing / GYM Street Admin | 0 | 4,009.00 | $4,009.00 |
| 9 | @abdul01 | Ghana Youth Tech Summit | 0 | 3,960.00 | $3,960.00 |
| 10 | @rubencress | Amsterdam TechEx | 0 | 3,064.97 | $3,064.97 |
| 11 | @danielvehe | Hive Goes To School | 0 | 2,740.00 | $2,740.00 |
| 12 | @mynewlife | Rally Care Photography/ Hive Film | 0 | 1,700.00 | $1,700.00 |
| 13 | @hivecreators | Hive Projects | 0 | 1,320.00 | $1,320.00 |
| 14 | @aksurevm89 | B2B Hive Sucre | 0 | 614.25 | $614.25 |
| 15 | @moda-kri | Merch Hive Copa Award Ceremony | 0 | 500.00 | $500.00 |
| 16 | @cbrs | TechEx Amsterdam | 0 | 431.90 | $431.90 |
| Total Funded | October | 154,000.08 | 113,345.50 | ||
| Convert | Hive to $ | $31,030.00 | 113,345.50 | ||
| $ Dollar Total | $144,375.50 |
As you can see from above there were 16 user accounts funded in October totaling $144,375.50 when we convert it to USD dollars.
Ranked 1 : Miami Art Week
The highest being @lordbutterfly , one of the project manager for $31,650.00. He is involved in a number of different projects , some his own and some for Valueplan. I have the various payments broken down below.
| Payout in HBD to @lordbutterfly | Explanation in Valueplan Wallet |
|---|---|
| 5000.00 | Vibes project costs for the month promotional project |
| 700.00 | Apox Film Festival Hive film logistics, travel and accommodations for a multi-day event Hive representation activity |
| 450.00 | Rally car CER photography |
| 500.00 | Misc social media pilot project with 3 x dapps project costs |
| 25,000.00 | Miami Art Week USA sub-event sponsorship and event costs logistics not included at this time contingency not included conversion costs separate |
| Total | 31,650.00 HBD |
The Miami Art Week as you can see takes up a significant amount of this funding. A quick google tells me this takes place on 7th and 8th of December. Their main sponsors are The Bank of Miami, Ten North Group, Brightline and Bacardi. To become an exhibitor for a digital platform it costs from $119 for an emerging artist all the way up to a Gallery exhibit of $499.00. The application fee to take part is $49. This may be a stupid question but what is the $25,000 for? It says sub event sponsor on the Valueplan wallet explanation but what is the sub event?
Ranked 2 : World Rally Championship Is An Expensive Business
The next largest is of course the Rally Car who was funded a total of 154,000.08 Hive in the month of October which translates to $31,030 at the time of conversion. A large chunk of change as you can imagine. I will breakdown the totals and the explanations below as an amount so large needs breaking down.@ssekulji likes to be paid in Hive as opposed to HBD so it is fairly easy to calculate as he is the only user for the most state that is paid out in Hive. There seems to be blocks of 5000 HBD in equivalent Hive going out every time but do all these items cost 5000HBD? It would be some coincidence. It is just all too general I think. The expenses should be categorized so we see how much was spent on accommodation for the event and a payment for this should be made based on the quotes and booking references from the hotels. Take the 2nd and 3rd payments for example totaling $10,000. It is for "General Race Costs" including transport , setup, accommodations and related payments. The next payment is also for transport , team costs and accommodations. There needs to be more of a breakdown here. Granted things may cost may vary but on the other hand some items could cost less, say for example accommodations, and I have yet to see a refund given to @Valueplan if the costs came in under the lump sum payments. Would it be possible to break the Valueplan funding into sections such as accommodation, transport costs for getting to the venue, mechanical costs for the car, meal expenses etc. With this amount of funding surely the lads would be able to break it down for us.
| Payout to @ssekulij in Hive | Explanation in Valueplan Wallet | |
|---|---|---|
| 23,126.74 | Rally car CER remainder portion of turbo repair costs portion of regular rally costs 5000 HBD | |
| 23,592.36 | Rally car CER general race costs including transport, setup, accommodations, and related payments 5000 HBD | |
| 26,274.30 | Rally car CER general race costs including transport, team costs and ccommodations 5000 HBD | |
| 25,905.39 | Rally car CER misc rally costs including tires needed for the event and official photography 5000 HBD | . |
| 24,987.51 | Rally car CER misc race expenses including tires and fuel full list of deliverables in final tx 5000 HBD | |
| 24,973.78 | Rally car remainder of race costs 5000 HBD final tx coming up | |
| 5,140.00 | Rally car CER remaining expenses with changeover calculated 1030 HBD | |
| Total | 154,000.08 Hive equivalent to $31,030.00 at time of conversion |
@ssekulji has increased his HP to over 9,000 HP staked as he powered up 8800 HP in September which is good news as I am constantly complaining about users who get funded thousands and have no skin in the game as regards HP.
Ranked 3 :Blockchain India Summit
The next most expensive payout in October is to @blackheart1 who is running various projects in India. Let us have a look at his payout breakdown this month.The mere mention of the word Merch sends shivers down my spine. Maybe it's nothing. Finfarm is a blackhearts Youtube channel that covers a wide range of crypto subjects which Valueplan are giving him 2,400HBD (4th installment) in October. Just wondering what Hive is paying for here? The sponsorship of the channel? It says "multi month partnership " in the wallet explanation. So does Hive receive any of the viewership revenue from this partership or what is the story/ plan?
| Payout in HBD to @blackheart1 | Explanation in Valueplan Wallet |
|---|---|
| 10,825.00 | India Blockchain Summit major conference 10,000 HBD sponsorship plus standee, merch and other minor costs |
| 1,569.75 | India Blockchain Summit India Hive merch, booth components and minor logistics 5% conversion included |
| 4000.00 | Sinsusoid India Hive merch large order of merchandise of various types |
| 2400.00 | FinFarm pilot project multi-month partnership partial cost fourth installment |
| 4,250.00 | Outlook India India several pieces of Hive promotional material in digital and printed form long-form articles promoting Hive sponsorship payment conversion to be added separately. |
| Total HBD October | 23,044.75 |
Ranked 4: The (In)Famous GYM Street WorkOut
Next ranked 4th Highest Funded in October is the GYM Street Workout Crew who we have all heard alot about over the last couple of months. Here is a breakdown of their payouts in October. I try to be as objective as possible in these monthly posts but this looks like a business to me. I have a couple of malls in my property portfolio in Ireland and to attract footfall to the shopping malls, we pay acts like this 4 figure sums to come in perform a show.
| Payout in HBD to @swc-oficial | Explanation in Valueplan Wallet |
|---|---|
| 1900.00 | The Bars Championship sporting event this event is not SWC organized and is a joint venture transport, logistics, items for event and general athlete support instead of direct sponsorship |
| 352.80 | SWC Venezuela maintenance of the bars and other components supplies for replacement parts and coatings very minor logistics no additional costs included |
| 8000.00 | Hive Cup Maracay annual Hive promotional even at major mall partial sponsorship in partnership with mall Hive merch, event requirements including items specified by venue, consumables during event, logistics, transportation this is a partial tx at this time. |
| 2000.00 | Hive Cup Maracay annual Hive promotional even at major mall partial sponsorship in partnership with mall part of outstanding remainder of total budget, issued in part no contingency or conversion |
| Total HBD October | 12,252.80 HBD |
Ranked 5: The Jet Setting Conferencier.
I have focused on @arlettemsalasse in September and her purchase of 11,000 Hive rubber bracelets for whooping 8,000HBD from a local supplier. She is ranked number 5 of the highest funded in October, In her own words ,she's only a woman , a mother and having 3 jobs (One working for the worlds oldest exchange) in difficult circumstances in her home country but there is no stopping her love for Hive which is all voluntary. A trip to Switzerland and Argentina. Niiiceeee!! Where does she find the time for all this volunteering. Let us take a look at the breakdown of her funding last month.
| Payout in HBD to @arlettemsalase | Explanation in Valueplan Wallet |
|---|---|
| 2,671.20 | Plan B Switzerland conference 2044 HBD to be refunded back in two intervals in Nov/Dec 500 contingency with possible refunds if unused included 5% conversion included transportation and minor logistics this is an event with a co-sponsor for participation to significantly reduce costs |
| 8,110.63 | LABITCONF Argentina Hive side event approx 2.3k to be refunded back in installments due to co-sponsor transportation, accommodations, conference ticket (packages of), and logistics contingency not included at this time conversion not included at this time |
| Total HBD October | 10,781.83 HBD |
So these were the 5 accounts that were funded more than 10,000 HBD in October. But there are some accounts that go under the radar that are funded over 1,000 HBD some months that may be worth looking at.
Pedal Bike Racing
I know @cryptoandcoffee was querying why so much is being spent on what is essentially a "Park Run" in biking terms . Let us have a look at @victorwallet 's payouts this month. Victor does up the leaflets for the GYM Street Workout. A handy 240 HBD for him every time there is a Street Work Out Event.
| Payout in HBD to @victorwallet in October | Explanation in Valueplan Wallet |
|---|---|
| 1,812.00 | Hive Bike Racing XCM pre-planned event parts for bike that were damaged including helmet, transport, accommodations, registration, maintenance and related costs promotional event towards end of season |
| 240.00 | Multiple projects 12 hours of design work for printed materials professional services |
| 1,957.00 | Hive bike racing XCM two events 7 days combined maintenance and components, equipment, logistics, transportation (discounted), minor accommodation costs pre-planned event to conclude season no continency |
| Total HBD October | 4,009.00 |
First of all this is a pedal bike we are talking about.
I do a bit of bike racing being from Sean Kelly (A Tour De France winner) country. For events I repair my own bike. If you are into racing pedal bikes , the least you need to be able to do is maintain your own bike. I see no reason why the Hive Community need to be paying for bike repairs. Who are we paying? Paying Victor to fix his own bike? Granted you need expert mechanics to repair a rally car but a racer??? Do me a favour!! This ain't the Tour De France!!
The mysterious qmwallet
The qmwallet pops up every so often for a large payout and again in October. It is hard to source the owner of said wallet as it has no account value, 0 followers and 0 following but it looks like it is an extension of the Community Wells Project. Might be worth writing a post on that wallets page or at least a bio , would take 1 minute of somebodies time to be more transparent just to give the Hive Community an understanding that we are not just giving mcsamm another 7,556.00HBD.
| Payout in HBD to @qmwallet in October | Explanation in Valueplan Wallet | |
|---|---|---|
| 7,556.00 | Water project parts for connecting water hoses, related materials, logistics, transport | 500 HBD contingency for changeover and unexpected expenses |
Rally Car Photography
To give the Hive rally car some decent exposure, Valueplan hired @lordbutterfly for the photography/ videography gig. You can see above the 450 HBD paid to him in October for this. But it looks like some else is doing the videography also with @mynewlife getting 500 HBD for this in October to add to the 450 HBD that @lordbutterfly was given. Even the F1 teams don't have 2 photographers/ videographers. 🤣. Is @mynewlife taking over the reigns or what is the story? Probably a simple explanation for this rather than one is a photographer and one is a videographer? We will be getting the lads masseuse next 🤣!!!
| Payout in HBD to @mynewlife in October | Explanation in Valueplan Wallet |
|---|---|
| 500.00 | Rally car CER videography |
During this month I am seeing an awful lot of the Valueplan funding is being spent on travel to events and venues which of course is dead money as we fly various the various Hive personalities around the world for certain events and promotions. Surely Hive's web is large enough that it would be more cost effective to have someone in the host country in their host language to do this to cut down on costs and of course decrease the Hive carbon footprint. I see many environmentalists on Hive but they would die of shock if they found out they were complicit in this amount of air pollution. It is ridiculous the amount of jet setting we are doing for a small little blockchain who are now #379 in the ranking on Coin Market Cap.
So this is the end of part 1 of my Valueplan payouts in October. Any other questions regarding the other payments and I can post the breakdown in the comments. I will look at the YTD figures later this week.