This Is Awesome - $AWESOME Improvement Proposal

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Made in Desygner

This Is Awesome

The goal of this project is to grow the Hive ecosystem by rewarding awesome content, and we do that by following curation trails that curates good content, much of it manually, and in the following categories.

White Paper

Here is our White Paper laying out the details for how we have tokenized our Hive Power, White Paper - $AWESOME.

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Made in Desygner and Adazing

You can trade the AWESOME token here, https://tribaldex.com/trade/AWESOME

$AWESOME Improvement Proposal

The AWESOME token has had a fantastic growth since our launch, and it has grown in value of over 63% since the airdrop, as we sell more tokens the growth in value will slow down a bit since it is the wide margin between the amount of tokens in circulation versus our total Voting Power that creates the leverage for our growth.

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Screenshot from Google Drive

Now we do of course want to make sure that the AWESOME token continues to deliver a high APR even as we sell more tokens, and that our token is attractive to invest in, and here is 3 things that we want to implement to make it so.

1. Increase Decimals To 8

We currently have 3 decimals, and the thought behind that was because the AWESOME token is backed by our Hive Power and Hive has 3 decimals, then we should have that too.

However our token is traded against swap.hive which has 8 decimals, and if a buyer uses a market order to buy our token then they most likely also have to dust a few decimals, that might not be so attractive to some.

  • So we suggest to increase token decimals to 8 and make the buying process more attractive.

2. Policy For Token Issueing

Right now the amount of tokens issued is the initial airdrop amount, plus 1000 that was issued for the initial sell orders, and we have not issued any new tokens since.

What tokens that have been issued and are not in circulation is in the sell orders on @awesomecuration, to sell more than that we need to issue new tokens.

Now to not kill our growth but at the same time make sure that we can sell tokens we want to implement a policy for when we can issue new tokens from @thisisawesome to @awesomecuration which will be added to our sell orders.

  • To issue new tokens then our total Voting Power has to exceed 10 times the number of tokens issued, that would represent about 110% APR or above.

3. Policy For Token Burning

If our total Voting Power decreases due to massive sell offs, or removed delegations, then we also need a policy for token burning to make sure we still have a good growth rate of token value.

  • We will start burning tokens that we buy back if our total Voting Power is lower than 5 times the amount of tokens issued, that would represent about 55% APR or below.

Add Your Feedback

That is the changes that we want to make, what is your thoughts about it?

Mention all token holders.

@flaxz
@ph1102
@torrey.blog
@thatcryptodave
@stickupboys
@alokkumar121
@pixiepost
@tristancarax
@reeta0119
@paulcaraway
@certain
@wearealive
@elianaicgomes
@iamraincrystal
@justclickindiva
@fiberfrau
@athomewithcraig
@guurry123
@jeanlucsr
@mariannewest
@gadrian
@imfarhad
@invest4free
@andy4475
@cccf
@jarvie
@kingneptune
@silent.screamer
@quinnertronics
@johnsdowie
@regenerette
@alive.chat
@jacoalberts
@arena10
@cliffagreen
@dadspardan
@pizzaexpress
@alente
@adamada
@adysscheryl
@juecoree
@dibblers.dabs
@eirik
@fireguardian
@thebeardflex
@ykretz

Thank You!

Thank you very much for reading this post, leave your thoughts in the comments below, and ...

Stay Awesome!

Sincerely,
This Is Awesome


Join us on Discord: https://discord.gg/SthJJDZ



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56 comments
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All sounds like good ideas to me! !PIZZA

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That is great to hear, and thanks for your awesome support.

!ALIVE

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I would be more interested if the token provided an income, or if there was a way of earning more tokens. At present, it seems it can only grow it value (price), and to capture that value, you have to sell, and then you no longer have the token. It doesn't really provide continual growth, except on paper (so to speak), as the price increases.

Posted Using LeoFinance Beta

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Yeah it is a tokenization of our Hive Power and 100% backed by it, dividends are paid out to delegators though as HP delegations is what keeps the APR high, as to the use case of the AWESOME token from a token holders perspective it is mainly 2 things.

  1. Buy and hold, and then sell once you want to take a profit.
  2. Use it as an extention to your Hive or swap.hive wallet, add when you have funds over and sell when you need those funds, but at a higher price.

Increasing decimals to 8 is mainly to improve using it with option 2.

We are currently evaluating a few different options to pay out more dividends to HP delegators though, one of those options is to buy AWESOME tokens and pay out in addition to CTP and ALIVE, which would work nicely since all trading for the token peg takes place on @awesomecuration.

!ALIVE

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That's an interesting option, to use it as a reward for delegation.

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Yeah we still need to buy them with our earnings though, enjoy your Friday.

!ALIVE

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Sounds like some good plans to make the token sustainable in the long run and particular handy if you gonna add 8 decimal points to help with trading

!PIZZA

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Thanks a lot, and yes all to improve both trading and long term sustainability, the funny thing is that the more tokens we sell the less the APR will be, and vice versa, given that delegations remain the same of course, if delegations increase then our APR also increases, but having some good policies in place to make sure the APR is great is kind of needed.

!ALIVE

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Do I understand correctly if I say this token is aimed at holding it as a long-term investment for the increased value?

In that case, it makes sense what you are saying suggesting. I trust your judgment.

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The use cases is 2 basically.

  1. Buy and hold, then sell when you want to take a profit.
  2. Use it as an extention to your Hive or swap.hive wallet, add tokens when you have funds over and sell tokens when yo need them, but at a higher price than you bought them for.

Increasing to 8 decimals mainly improves option 2.

And thanks a lot for your support.

!ALIVE

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I find this information very helpful. Thank you so much for sharing this with me. I'm still in the learning phase when it comes to this stuff...lol.

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Great that you found it helpful Jaco, and enjoy your Friday.

!ALIVE

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Good improvements in my opinion. You have my blessing

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Thanks a lot Elmer, I am glad to have you support, and do enjoy your Friday.

!ALIVE

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go ahead with the changes. I trust you.

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Thanks you very much that is great to hear, and thanks for your awesome support.

!ALIVE

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I go with the majority who understand Tech stuff far better than me!

Well done √√√

!PIZZA

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Thanks a lot man, and great to have your support.

!ALIVE

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I'm happy with that. Full steam ahead!

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Proceed with changes my friend and I am sure it will add value on the project and token economy. Have a great weekend.

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Thanks a lot for your great support Alok, and I wish you an awesome weekend as well.

!ALIVE

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(Edited)

!PIZZA
Awesome. Keep up the great work

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Let's try this again lol
!PIZZA

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