Quote from: coin.oblivion on November 18, 2020, 01:37:14 PM

Quote from: Aim High on November 09, 2020, 10:44:22 PM

Quote from: Aim High on November 07, 2020, 05:58:10 PM

Ok so I put something in writing.

I decided to launch some "community pools" let's call them like that.

How will the community pools work?

I will delegate a number of coins to each pool and stake them (5% POS annual staking reward), the accrued stakes of each pool will then be used for its intended purposes described below. That way there will be an everlasting source of new rewards.

First off there will be the Developers pool - it will reward developers who contribute to the project.

Up next, we have the Bounty pool - this one will be used for promotions and contests.

I will start the pools with my own mined coins and manage them myself, if people wanna contribute and make a multisig or something, I'm all up for it!

As said, started the Developers pool and Bounty pool!

For start I put in 100k coins of my own in each addy and will use the stakes as rewards for developers and some contests/bounties.
I plan on delegating more coins but let's see if it gains any interest first.

Everyone can track the balances and staking:
Developers Pool - TvTjwRKMtZ9pMuWDEnrkJm4zJ1nWVUqwHN
Bounty Pool - TdLBTD9dxPStdYTGHPmPpMN6K8sFFW1M8P

Thread updated! I would put this into main post also if it grows.

Thanks, please do so, I wrote up on the pools, explanation of how they work and some new pools I'm currently working on deploying!

COMMUNITY POOLS

Phase 1:
Developers pool
Bounty pool
UBI pool
Volume pool

By fueling these pools with OBV, we are kickstarting the ecosystem and promoting OBV distribution. An important monetary policy is that the principal amount of OBV in certain pools will never be redeemed, refunded, or paid out to us, effectively remaining permanently locked in that pool.

These pools only distribute and utilize OBV that have been newly generated by the proof-of-stake (up to 5% per year) process. Such commitment results in permanent capturing of value. Additionally, we will actively support the whole economy by distributing and reallocating financial resources aimed at supporting the economy. As an example, profits of services are used to buy OBV on the open market and are used for distributing OBV to selected pools, growing their principal and thus also the rewards.

PHASE 1 COMMUNITY POOLS

Developers pool - TvTjwRKMtZ9pMuWDEnrkJm4zJ1nWVUqwHN

Initial allocation: 0.1m OBV
Funding source: filled up by part of profits
Governed by: Aim High (later multisig)
OBV staking: Yes
Distribution model: Recurring, event-driven

Oblivion will have a Developers pool aimed at supporting developers who bring value by contributing to the technology side of the Oblivion Ecosystem and blockchain. Unlike giving developers a lump-sum amount of OBV upfront, such support incentivizes long-term commitment to the project.

The pool will start with 0.1m OBV and there is no plan to additionally fill it up with profits of developed services.
https://ibb.co/0KSB55Q

Bounty pool - TdLBTD9dxPStdYTGHPmPpMN6K8sFFW1M8P

Initial allocation: 0.1m OBV
Funding source: filled up by part of profits
Governed by: Aim High (later multisig)
OBV staking: Yes
Distribution model: Event-driven, irregular, recurring

The Oblivion Bounty pool starts off with 0.1m OBV and will later be filled up with part of the profits generated by the services. Only OBV coins in pool accounts generated by passive income from staking (PoS), amounting to 5% per year, will be distributed. The initial coins and the ones transferred thereafter are staked and the stakes are then used as prizes for contests, giveaways, content creation, bounties and other community-focused stimuli. By having a pool that is staking coins which are then used for prizes and rewards, the project ensures a constantly refilling source of rewards.

https://ibb.co/qFdRFC3

Future pools I'm working on at the moment: UBI and volume pool, I stepped in contact with some exchanges in order to pull those off, and will update the community as soon as I have some progress on this side.