Some devs have great ideas, skill, and communication, though the only requirement missing is the funding. π€ That's where requesting funding from Hive Proposals would help (a lot). π
With great ideas coupled with effective communication and a working initial project, they have a good chance of getting (partial or full) funding from a Hive Proposal. π€
!PIZZA
!LUV
!DIY
Yes, indeed, that's very true, there are many, and community funding is very important in that regard! Proposals are a great avenue of funding, but it's also not so easy to successfully get them funded.
There are certainly some characteristics that successful projects, and the people that run them have, and those are definitely important ones. π π π β¨ π€
!DIY
!LUV
!PIZZA
Some people on Hive (particularly those whose Hive accounts have lots of Hive Power) say that to have more Hive proposals funded, they should remove their votes on the "Return Proposal" (RP) where all proposals whose votes are under the RP votes won't get funded. π€ That will drain the Decentralized Hive Fund (DHF) faster though. π€―π€
!DIY
!LUV
Yes, that's true. I've never voted on the Return Proposal, as I do want more to be funded. Is most of the HBD in the DHF staked, so that it's compounding interest? Yes, true, it would drain the DHF faster, if it were not replenished faster. π π π β¨ π€
!DIY
!LUV
None of the HBD on the Hive fund account wallet is staked. π€ I don't think any HBD on that wallet should be staked, as its sole purpose is to hold the HBD funds that they get distributed to all Hive proposals whose votes are above the Return Proposal. π€
!DIY
!LUV
OK, so how is it replenished? And what happens if and when it runs out? π π π β¨ π€
!DIY
!HOPE
!INDEED
The Hive fund is replenished both through inflation of the HIVE token (where it takes almost all of its funding) and through people on Hive who voluntarily add to the fund (by setting hive.fund as the beneficiary of their posts and comments, by curating content whose author rewards go to hive.fund, and/or by sending HIVE or HBD directly to hive.fund). π€
I haven't read thoroughly what happens when the funds run out, though it is safe to assume that some or all Hive proposals won't get funding for at least one time when the funds become depleted. π€―π
!DIY
!INDEED
That's very useful information, thanks a lot! It is good to know that the DHF is being replenished over time, and from multiple sources.
Yep, if the DHF runs out of assets, all project funding would also stop. That would be very unfortunate indeed. π π π β¨ π€
!DIY
!INDEED
All the author rewards and curator rewards that are paid out 7 days after a post or comment got published also come from HIVE token inflation. π€ The same goes with earnings from Hive Power (or staked HIVE) and payment for Hive Witnesses. π
I think that when the Hive Fund runs out of funds, only those most voted on will get funding as long as their "support" (total votes from all Hive accounts) are above the Return Proposal (RP). π€ The rest won't get funding for a "round" (an hour) even if their respective supports are above the RP. π
!DIY
!LUV
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS