๐Ÿ“Œ Big Announcement - Delegation Rewards!

in PhotoFeed โ€ข 5 months ago (edited)

Mein Beitrag.png
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GM PhotoFeed Community!

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To be fully honest with you guys I have to tell you that on the end of 2021 I was at a point where I had thoughts about stopping the project entirely after working daily on it for the past 2 years. There is a strange phenomena where the higher the quality of the post gets the lower the engagement/interest in our Round-Ups got.
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PhotoFeed is a project which exists since over 4 years on the Blockchain and I think it would be really sad to just let it go as I really put all my passion into this project to offer a nice place for photographers.
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So the 2 options I had were either stopping the project entirely or going all in on it. As you probably already guessed I chose the second option! Since then I've spend pretty much every second of my free time on thinking about concepts and ideas to push the project forward without giving up on it.
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Implementing the first new feature was just the most logic next step - Adding delegation rewards!
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What are delegations?

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Most of you may know it already but I try to explain it as short and quick as possible:

Trough delegations you can โ€œstakeโ€ tokens from your wallet into another wallet and receive
rewards calculated by the amount of tokens you delegate. You can remove your delegations at any time (It takes a time period of 7 days to fully remove the delegation without any risks involved)

โ€œPerson A delegates X Hive to Person B and receives daily sum X in rewards*โ€
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Why should you delegate?

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To support a project you like + receiving a passive income by daily distributed token rewards. This might also be interesting for people who are not that active on the chain but still want their vote power to be used.
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With enough staked power we have way more possibilities to add cool new features for all the photographers on this blockchain. The more delegations we receive the more photographers we can support!
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How do you delegate?

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That's super simple! There are a few ways how you can delegate to an account but the most easy and comfortable one definitely offers peakd.com where you just go into your wallet and click on delegate below your staked hive tokens.
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Screen Shot 2565-02-26 at 11.47.37.png
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Daily distributed token rewards

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First of all I need to give out a big shout out to @lemouth who provided the script for me and also helped me for a few weeks setting everything up and also answer all my annoying question. Again, thank you so much, Lemouth! Without you all of this wouldn't be possible!
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To give out the best possible share on rewards I have decided to set the rewards at 80% of the original voting power. This may be one of the highest shares around the curation projects (please correct me if i'm wrong).
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I was running the script for the past 8 days to receive enough data to work with for adjusting things and getting an overview over the distributed rewards. Analyzing this data made me realize that the voting behavior of PhotoFeed isn't great at all. We gave out 8 x 100% votes for our daily round-ups + 50% votes for all contest comment entries.
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Fixing the voting behavior will ultimately lead to higher voting rewards which means our delegators will receive more token rewards in the future. Working on this issue will be Phase 1 of our project development.
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Current Reward Ex:
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Ex: A delegation of 300 Hive would give you on avg. 0.04 Hive/day (14.6 Hive/year) which would
be a 5% APR with the current voting behavior.
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Phase 1

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In Phase 1 we will fully focus on voting behavior. That means, we give out more votes in a bigger variety as in the past. By adding new features, contests and formats this issue should be resolved quite fast.
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To speed up the process a bit I have decided to give out votes to all posts which are posted directly into our community (except to obvious farmers or extreme low effort/quality posts)
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PhotoFeed will post 1x a month an Update Post where we will show the current progress of phase 1 and all new features.
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We need you!

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to end this post I want to mention once again how important it is that we as a community work together to develop this project further + to provide a great place to be for all photographers!
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As always - Any critique, feedback and ideas are more than welcome! Let's have a discussion in the comment section or on discord!
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Any Reblog would help us to get the most possible attention. Cheers!
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Best,
Chris


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This sounds brilliant Chris! Photofeed is such a fantastic space for us photographers, and I really appreciate all the hard work that you've put into the project.

Thanks a lot, Cath! I really appreciate your kind words! ๐Ÿ™๐Ÿ™

You're doing a great job, Chris, and I wish you all the best for this new chapter of @photofeed ๐Ÿคž


Cheers and !BEER
!invest_vote

Thanks for your massive support Johann! Keep being awesome! ๐Ÿ˜๐Ÿ™ Cheers!

It's a pleasure, Chris, @PhotoFeed is the best ๐Ÿ‘๐Ÿ‘


Cheers and !BEER
!invest_vote

@johannpiber denkt du hast ein Vote durch @investinthefutur verdient!
@johannpiber thinks you have earned a vote of @investinthefutur !


Hey @photofeed, here is a little bit of BEER from @johannpiber for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Love @photofeed - probably the best selection of photos of hive each day - delegation coming your way

Thanks a ton @harveyword ! I appreciate the support and you kind words. I'm always happy seeing your work out there (especially street and architectural images) - Cheers mate!

Thank you so much for the constant work you do. Your support is very important for all photographers on Hive and for me personally. Let your project grow and develop!

Thanks my friend! I'm glad having such incredible photographers as you in our community!

Oh, dilemma... I strongly support Chris, your decision to keep the project and create new ways that will result attractive to users.๐Ÿ™Œ Certainly photography projects have several communities to interact with. I recognize that in my case for example, I generally post in another community๐Ÿ˜ณ, and to be consistent with my support, I will post here more often.๐Ÿค— I admire the commitment you have put into this work and I wish you the best for the future. Keep up the good work! ๐Ÿ‘

Thank you very much for your kind words @janetedita - That made me really happy!

Yeah that's the thing with communities. I mostly even recommend others to use a different community as we cant really offer crazy whale support as others do :D - As long as people use Photofeed as a tag it's totally fine!

Hope you have a great day!

It was my pleasure to help you. Feel free to come back to me if needed at anytime.

Note in passing that upvoting posts in the first 24 hours helps in maximising the curation rewards. The other obvious item to keep in mind is to make sure that the account's voting power is never stalling at 100% too long. This is however community-dependent (@stemsocial's VP is often at 100%, by virtue of the small size of our community).

Great to see you, Lemouth! Indeed, these 2 factors will deifintily play a role in phase 1 to maximize the curation rewards. I'll try to figure out a way to avoid standing at 100%.

Thanks!! ๐Ÿ˜๐Ÿ™

You are welcome!

You are doing a great job with supporting and promoting photography on Hive.
Great to hear You are not giving up, but I fully understand that after such a long time it can be tiring.
I will be glad to support the project and @photofeed great work as I also got many support from You in the past.
Wish You all the best. Thanks for what You are doing!

Thanks a ton for your amazing support @photovisions !

It really is worth the work supporting great artists like you! I'm really glad to have you as a part of this community!

Cheers buddy!

This is great, I appreciate all the hard work you put into this project!

Thanks, Casey! And I appreciate all the support from you through all the time! It's awesome having people like you on this chain!

Thank you Chris for putting so much effort into maintaining and growing @photofeed. It's been a huge part of my Hive experience

It's worth it having great people like you in the community! Cheers buddy!!

I just delegated 1000HP for the good beginning. Hope it will help :).
I also shared Your post hoping it will find more response.

That's huge! Thank you so much for your support @photovisions !!!

Together we can create something big!

Thanks!! ๐Ÿ™

Glad I can help a bit, I am a big fan of Your work and the idea of supporting the photographers since many years. I am also trying to support many Hivers but not in a such a big scale and not so effective ;).
Don't give up :).

Cheers buddy! If we all do a little for the community something big may follow! Keep rocking! ๐Ÿ˜๐Ÿ™

$WINE


Congratulations, @theguruasia You Successfully Shared 0.200 WINEX With @photofeed.
You Earned 0.200 WINEX As Curation Reward.
You Utilized 2/3 Successful Calls.

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@photofeed

I've done what I could, to help support and elevate the awesome of Photofeed. I'm glad to see you decided to stick around! I am sure I am not the only one that feels that way. Look forward to seeing you continue to spread that positive energy and photo love!

!LUV !WINE @tipu curate

Thanks my friend! Appreciate your support!! :))


Congratulations, @wesphilbin You Successfully Shared 0.100 WINEX With @photofeed.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/5 Successful Calls.

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Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.360


Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
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@wesphilbin(2/10) gave you LUV. H-E tools | connect | <><

Given the current emission rate of LUV pushing 500/day, increases to required LUV levels will likely be forthcoming.


The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.


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@johannpiber denkt du hast ein Vote durch @investinthefutur verdient!
@johannpiber thinks you have earned a vote of @investinthefutur !

Great initiative!!! I'm going to delegate AS-WE-SPEAK! ;-)

Awesome! Thanks a ton for your support!! :))

You can count me in! Will set up a delegation soon.

That's awesome! Thanks for the support!!

just read this now.
i'm waiting for my 500HP back and will delegate in 5 days.
good luck

Awesome! Thanks a ton, Victor!!

ย last monthย (edited)ย 

Hello Chris, Followed on Discord and Twitter.

Nice to have found this space.

Now I grabbed the concept of voting power. I just joined your Photofeed site and log in through my hive account. More power to your site because you are working for improvement of hive users. Still I have delegate one user with little hive amount but I hope I can do more. Thanks for guiding about Delegation.