Forming the GEEK Token Team (Playing With the Numbers)
I think I've worked out a plan to distribute all (or almost all) the GEEK tokens. On paper it seems sound but I am not an economist so I might be off by at least a little bit. The plan also relies partly on an honor system.
This is based on the selling price of GEEK so far historically hovering around 0.00005 STEEM; give or take around 0.00001 STEEM either way. As more GEEK is awarded for content the supply will be larger than demand so the price of GEEK will most likely decrease in the short term. As more users join steem-engine the demand for GEEK will hopefully rise again bringing the price of GEEK back up.
At the time of this post the @geektoken account has 23,115,000 GEEK tokens. Currently there are 400 million GEEK tokens that have not been minted and issued yet.
This plan involves a GEEK token team of 20 members; each member being paid one million GEEK from @geektoken for the time they will be spending distributing GEEK.
Each member when joining the GEEK token team will receive payment upfront.
400 million GEEK tokens to be given out by 20 team members means each team member would be responsible for 20 million GEEK tokens. For a little security each member will be issued 5 million GEEK tokens at a time to be given as rewards for content. When each member awards all 5 million tokens another 5 million can be issued.
Each item of content can be rewarded between 10000-100000 GEEK tokens based on the team member's judgement of how "geeky" the item is (basically a 1-10 scale). At a price of 0.00005 STEEM per token that means an item of content can earn 0.5-5 STEEM worth of GEEK.
20 million GEEK tokens rewarding 10000-100000 GEEK tokens per content item means each team member will reward anywhere from 200-2000 items of content.
The goal is to give away all 400 million GEEK tokens for content by the end of 2019. At the time of this posting there are 156 days left in 2019. Rounding to 150; to give out all 20 million tokens for content each team member would need to reward between 1 to 14 items per day.
Any GEEK tokens not issued or rewarded by the beginning of 2020 can be sent to @null.
As far as I can tell my plan looks theoretically possible so I now need to find the 20 team members. I know that @qwerrie has already expressed some interest and I need to double check the replies to my posts for anybody else that might have expressed an interest in being on such a team. Anybody else interested in joining the GEEK token team?
Beautiful project it is. I will love to join the team.
Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I have read this terms and conditions. Thank you Geek for being geeky. I will get to work immediately....
Can i be analyst of your project and promote to 5k user from steemit ?
I trust in your project because I have around 600.000 Token stoked near institutional users.
Thank you
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To view or trade
BEERgo to steem-engine.com.Hey @geektoken, here is your
BEERtoken. Enjoy it!Thank you.
I unstaked my geek. Should I keep it staked? Unsure what all is going on. Will we need the geek tag too?
I just posted a question about staking on steem-engine's discord. I'll have to get back to you later with an answer.
np mate
Sorry for the delay. I suggest you should leave GEEK unstaked. I've found out that clicking the diamond icon next to the token after it's created to enable staking does nothing unless 1000 ENG is paid to activate the smart contract associated with it.
No tag is strictly required. I am leaving it up to the team members to search out the content. A tag should be created to make it easier to find though. I'll put the tag in an upcoming post. Thanks for the idea.
Sounds good. Team member is for curation of contents? @ericet @honoru might be able to find you a chinere languange member. The cn community is growing. I am happy to see the use case of geek token.
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If you need an italian speaking member of the team to make curation on posts written in italian I'm interested.
Wonderful. Italian geeks should also be included. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I also mentioned that I'm interested into a spot at the team :)
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Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thanks :) Happy to be part of the team :)
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Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Thank you :) I'm running a weekly soccer prediction game for the German Community. Can I use 100k Geek to reward the Top 3 users. Even if it is not 100% Geek related ? I think this could help to promote Geek.
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I'm leaving it up to your best judgement of what content is geeky or related to geek culture.
Although the Czech community is not very large, its members write between 70 and 100 articles each week. If you are interested in the Czech moderator, I apply for your team :-)
Wonderful. As long as there is at least one geek no community is too small. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
I'm honored. I will do my best for GEEK :-)
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I have read your GEEK token terms and conditions. I'll get to work :-).
They're not technically ToS. They are more like guidelines.
OK :-)
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GodSpeed ! 💙
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