Becoming a Moderator on Memeit.LOL
Moderators on Memeit run the show. They decide what gets voted and what gets hidden. They do this because there are rewards in doing this work. Every time a user makes a meme they make an opportunity for moderators to get ModScore.
ModScore is Proof of Work style count of all your moderation input. If you accept or decline a meme, you get +1 ModScore. Most importantly moderators votes go toward building a posts MemeScore.
What is MemeScore?
Simply put, MemeScore is our answer to deciding what memes rock, and what memes suck. Every moderator has the opportunity to move the score of a meme by 1 point in either direction. Alternatively they can ignore the meme, which removes it from the moderators list and does not effect the score.
While moderating, you can click accept on a meme and it will increase its MemeScore by 1. If you click decline on a meme, it will reduce its score by 1. Declining a meme does not mean you will downvote a meme. It simply means you didn't laugh, or the meme wasn't made correctly or wasn't up to your standards.
By giving your input, moderators come to a level of consensus that the meme is or isnt funny, or worthy of upvoting. It wouldnt be a PoW system if it didnt have a competitive rewards structure.
Rewards Breakdown
75% => Authors that create memes.
10% => lol.pay
3 * 4% => Supporters (Unlocked by Delegating 50 SP or More)
3 * 1% => Moderators (Unlocked by Delegating 50 SP or More)
Authors
Authors create memes which are scored for 24 Hours. Memes with a postive MemeScore are published on Memeit.LOL and able to be upvoted/commented on using memes. Meme replies (Memeplies) can lead to fun and interesting conversations not possible in normal text.
Lol.Pay
Lol.Pay is Memeit.LOL's core account. Rather than always powering down to recieve funds directly, we plan to offer a Memeit.LOL votebot that can only upvote posts/comments created by Memeit.LOL Due to this exclusivity we can guarantee good profits for users once the account gains a good amount of Steem. The way that happens is by making lots of high payout memes. While Memeit.LOL reserves the right to these funds, we are going to work to make a good opportunity for our users.
Delegator Rewards
Delegators gain a passive income stream by delegating 50 or more SP with @memeit.lol -- Similar to Dmania's Chosen One system, we offer 3 beneficiary reward spots for delegators on every post. How often you gain the reward is dependent on how much SP you delegate to @memeit.lol
Moderator Rewards
Moderators gain ModScore in 24 hour cycles. If you accept/decline all the memes in a 24 hour period you will gain the maximum ModScore points available at this time. In the future we will look at adding ModScore points to reward other actions as well. Your rewards are calculated based on your activity as a Moderator on Memeit. ModScore resets every day, the reward %'s are locked in and the moderators gain beneficiary rewards the following day.
Memeit Community Development
Memeit is an open source project, working in collaboration with Utopian. Our goal is to create a fun and educational environment for developers of all skill levels. We support our developers in creating their Utopian submissions and finding meaningful work within the project. If you want to get involved with opensource development, please contact lead developer, @kennybll or @gktown on Discord.
Join us on Discord, https://discord.gg/QgWZfcJ