Different options both are great
I'm probably months away from actually getting the Great Little Dragons ready to go and I'm certainly not doing it with fanfare but I do want to document what's going on for anyone who is watching from the sidelines.
The basic idea is simple. Make a way for non-hive members to participate in Hive without all the onboarding issues. Make it engaging and rewarding and in time bring them onto the blockchain where they can participate in the rewards. At the same time I want to offer something interesting to those already on the blockchain. Give them a way to earn a reward on their attention and coin without that doesn't require a huge investment of time.
What did I end up with?
- Apps
- Dragons
- Battles
But honestly that's going to be a topic for a later article.
THIS Article
Is about how the community will be using different ways to bring in money for the Great Little Dragons community
First we have the @hiveabbyftp account which will be actively working on increasing its HP so it can upvote content and give a noticeable reward. No, it isn't going to be a big whale like many of the curation accounts out there but at least 10,000HP gives an upvote worth noticing.
Second we have the @gldragon account (this one) which will use all its HP for delegations.
At the moment I'll be mostly focused on @leo.voter for a couple of reasons. One big reason is that it gives a high return on delegated HP. I'm all about a large return. Another reason is that it gives out LEO token. Now I'm aware the HIVE is king here but when I'm given HIVE tokens for delegation I lose a portion every time I move to the Hive-engine to buy GLD tokens. Plus it means an extra step to get GLD tokens.
Now GLD tokens will absolutely have a place in this community. They will be the coin that powers the upcoming dragons. They will be the coin that gets rewarded for Dragon battles. LEO just makes good sense as an easy to use, relatively stable, and high yield place to delegate HP.
@tergan will be holding HBD. That 15% interest on HBD is just too tempting to pass up. More importantly the GLD token which I currently tried to peg to the value of HIVE? Well, I won't try to get it to hold a peg any more but I will be limiting its production to the value of the HBD reserve at 100 GLD : 1 HBD. Currently every one of the 69,000 GLD tokens is backed by over $690HBD and I intend to keep it that way. However, that 15% interest on HBD? That means I can mint monthly without having it lose its value.
Marketing? Well, I want to try and bring in outside money into the infrastructure. Exactly how I'll do it? Ads on apps is one way of course will be a big way but I'll look for any other ways I can also.
In the end how will it look? Still to be determined but the notion I'm running with is:
Income from GLD sales will be used to purchase HBD
HBD interest will be used to buy HP. Part of that HP will used to help upvote community content and part will be used to support the @leo.voter for liquid LEO.
LEO tokens will be used to reward members and give out prizes but will also be used to purchase GLD if there is anything left over.
Marketing income will be used to purchase GLD... Which will fund HBD purchase, which will lead to Hive purchase, which will lead to better curation and more LEO purchased to bring everything into a nice loop.
Still a long way to go
But things are still in their infancy but keep watching and if you are actually reading this and have advice...I'm certainly open for comments.