Our INCOME token has been a successful, if slow-moving project; so slow and boring that many people can forget about it. But it is with great pride that I look over what we have done and the numerical results of that effort. And I do say "our" effort, because @thecrazygm and I don't do it alone - we make you work for it!
Each day, a Synergy Curation report is generated in our proprietary method, which I will review below. This is generating great additional value for our holders and those whom they curate. Let's get into the details.
The Selection Method:
We take the richlist each day and look down the list. How many of these holders have a fresh post (22 hours or younger), or have reblogged a fresh post? Our new update to the curation report shows the richlist number of the curator who is responsible for the post appearing each day, allowing anyone to easily see how far down the richlist we got before we found 20 fresh posts.
These posts are then randomly organized. Yes I know sometimes it can be hard to believe, like the above example, where my wife's first post in months, reblogged by @quintaesencia, was selected to be first on the list.
@quintaesencia (the holder of INCOME), gets selected for the HIVE SBI unit prize that day, not @ecoinstante; her post gets the voting trail. Users with 10 INCOME are sometimes getting featured, with our new ranking system being reported in the daily issue, we can more easily track what is happening.
Because it is a competition.
Its different every day how far down the list we reach, depending on who makes or reblogs how many fresh posts. But getting featured in our curation digest means a pretty big trail right now.
Voting Power
We are voting 20 posts per day, all at once, and we are trailed by a few accounts. Not all of these accounts will be permanently following, but its a good trail in my opinion because it maximizes voting power and related risks. I will get into that below, first lets see the trail:
This is the top ranked post by @adamada (rank #42 holder), and so it got the "first" and most powerful votes from the trail. These include:
@ecoinstats:$0.518
@treasure.hoard:$0.414
@abrockman:$0.13
@ecobanker:$0.118
@archon-gov:$0.062
@quintaesencia:@0.051
@ecosaint:@0.044
Altogether totalling, yes indeed: $1.337 - I didn't make this up you can see the numbers right there.
Important to mention that not all of these accounts will be here forever. @archon-gov is currently deciding how to vote, in a way that won't risk wasting VP, and @ecosaint would one day support another thing. But for now the rewards are girthy!
Now of course the 20th rank post is not going to get nearly so much love, and some accounts might fall off the trail due to VP settings in their auto-voters. Let's take a look, from the same day, at the post by #65th ranked member, @gwajnberg :
Here I could only find 3 accounts from the trail still voting, including @ecosaint further down the list, resulting in votes totalling $0.673.
You can do some math, but even if we take 50% curation value of the lowest figure: 0.336 (or 1.4 HIVE), give it for only half of the days, @gwajnberg has 14 INCOME worth 154 HIVE, this voting trail is providing him something like 165% apr on his INCOME value.
That's nuts!
Further, I want to touch on "keeping voting power low", which is our corporate policy.
Many years ago, in March of 2020 - I wrote a really in depth piece on the math behind Voting Power, you can see that here. If you find yourself wanting to argue in this next part - take a look at this post.
Low voting power is "better".
Okay, it is actually "the same", but with more people. I like more people better, but the real thing that makes it better is in case of emergency. Strange things happen, with servers, automation, blockchains, hard and soft forks and all sorts of "updatey" shenanigans. Pressing VP down to ~40% each day means we have 72 hours from the last report, and 48 hours from the first missing report, to fix anything that breaks - before we start losing money.
Yes, VP at 100% is the worst case scenario, even worse than curation denting with flags.
Come curate with us!
I hope this deep dive into our curation report was helpful. Remember, you can "share your entertainment" with friends, use your holdings in INCOME to get a place on the curation list, then reblog posts in your community, or that you think are undervalued.
This, as far as I know, is still completely unique on HIVE. In a few month we will likely go to 25 posts, after we make some backend updates.
Comments, Questions, Concerns? Reach out