Re: [ANN][CREA] CREATIVECHAIN A multimedia marketplace for intellectual property
I also think the annual inflation of 8 percent is a little bit to much. Will there be a community vote about that? In my opinion 5 percent is more than enough for staking.
Hi! It is not 8% for staking. DPOS is different from POS. In the new version 2.0 the rewards will be much more distributed in proportion between the stakeholders that use the network: 70% for authors and curators of content, 15% among the holders of the token and the remaining 15% among the witnesses of the network .
No no that is the way to capsize ur boat within the fringe of a shore. 70 percent goes to witnesses 1% is for token holders because of their passive leaning attitude (how do they support the network, no way) and 29% should be mine. No 95% must be translated to witnesses. Otherwise, with the distribution system like this, u will never go past bitshares levels. Look what their governance model has turned into.
Distribution of the reward in CREA 2.0
70% Content Authors and Curators
15% Owners of CREA Energy (CGY)
Create wants to build a community mostly controlled by people with a long-term vision and interest on the platform. For this, users can convert their CREA to Crea Energy (CGY).
This asset can not be transferred to other users and could not be used in cryptocurrency exchanges, however it offers many benefits within the platform.
This commitment to the network entails a return process of the committed CREA of 8 weeks through a weekly payment.
CGY is the creative energy and an indicator of the power of each user when voting for content or network witnesses (DPOS).
When users vote for publications, their influence on the distribution of rewards is directly proportional to the amount of CGY they have. This means that CGY is a token that grants its holders exclusive powers within the Crea platform.
In addition, CGY holders will receive 15% of annual inflation as a reward. The number of new CGY tokens that they receive is directly proportional to the amount of CGY they keep in relation to the total amount of CGY granted to the total of users. This is a system similar to the POS of other cryptocurrencies, with the difference that CGY assets can not be used since they are not blocked.
CGY holders are the ones who support the network by voting witnesses and content.
Finally, 15% is distributed to Witnesses.
Our system is more similar to Steem.
If you think it is not well distributed, we can discuss it, thank you for your participation.
