Tagged With "incentives"

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Member incentives for bringing brands to Narrative

Malkazoid ·
A question for the team! Do you have anything in mind along these lines? Something to make it worthwhile for members to bring brands to open a channel on Narrative? A small percentage of the revenue raised from the channel fee, and channel activity, for example? 5%? I'd love to hear people's thoughts on this. Programs like this could help the network and its revenue grow at a much faster clip, which in turn would accelerate user adoption.
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Incentives for Steemit users to join Narrative

Malkazoid ·
Hello all! Telegram is an inspiring place today - this is the second thread motivated by talk going on there, with a guy called Elliot (thanks Elliot!) So Elliot was wondering whether there would be some incentive for heavy Steemit users to join Narrative. For instance a conversion of some sort, of their Steemit reputation, to Narrative reputation. There are obvious advantages to doing so, and just as obvious disadvantages... On the one hand, these are people we know to be highly productive,...
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Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
I think I read all the posts and whitepaper of the narrative platform. I have seen how the reputation mechanics will work. Every Where its written about reputation. But, I didn't find about NRVE tokenomics. What is the benefit of holding a large amount, say like 100,000, of NRVE tokens for the long term? What would be the incentive they get? If NRVE is complete utility token & No value carried by the token then, What is the point to list NRVE token outside of the network, as it will be...
Topic

Referrals and rewards pre-Beta

New Social Media ·
Dear team, I have read the previous topics slightly dealing with referrals and rewards https://community.narrative.org/topic/rewards-flow-map-and-changes-to-fiat-payment-processing https://blog.narrative.network/narratives-token-minting-schedule-cc64e2ba1cd0 If I understand correctly, rewards, referrals and incentives start not before the release of the Beta, which is scheduled for March. I have looked at the referrals top list and it seems to me that most people listed there have more or...
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Re: Incentives for Steemit users to join Narrative

Malkazoid ·
One approach would be a severe down multiplier, so that Steemit users know their past efforts are in some way recognised, but a complete newcomer could still build a better reputation in a couple of weeks just by being active on Narrative. For instance a multiplier that would convert the best reputation on Steemit into the equivalent Narrative reputation of having contributed 30 or 40 good niche votes. This would allow us to message (CAREFULLY) that Steemit users will have their reputation...
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Re: Incentives for Steemit users to join Narrative

Banter ·
I don't think reputation should enter into the discussion. Everyone should be treated the same. The real incentive for people to leave Steemit for Narrative is the economic model and all of the potential of the new platform. The way reputation is setup with a built in decay, any initial boost wouldn't benefit them for very long anyhow, so there really isn't any point in my mind. Lastly, there is nothing preventing them from simply publishing their articles on both platforms. Unless they are...
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Re: Incentives for Steemit users to join Narrative

Maelstrohm Black ·
I agree, I think that, even though any Steemit user registering to Narrative will be invaluable to us, both are different ecosystems. Therefore, as many Narrative members might never have participated in or heard of Steemit, I think it would be fair that everyone taking part in this community start on the same level, reputation wise. Even though there will definitively be an advantage to having members "cross-pollinating" platforms, Steemit is Steemit and Narrative is Narrative. Also, we...
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Re: Incentives for Steemit users to join Narrative

Malkazoid ·
Great! So if we start to reach a consensus that there is no need to apply any sort of reputation translation, lets continue to grapple with the question of whether there can be other incentives to attract Steemit users. I fully understand that Narrative will be naturally attractive to many Steemit users, but that does not dispense with the possibility that it can be made a little bit more attractive.
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Re: Incentives for Steemit users to join Narrative

mrgoodsett ·
Steemit will be the MYSPACE of blockchain in a few years. Let's build Narrative one brick at a time and watch the masses flood in.
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Re: Incentives for Steemit users to join Narrative

Maelstrohm Black ·
I disagree, Dan Larimer, the man behind Steemit, is very prolific. He's also responsible for EOS and Bitshares and I strongly doubt he will cease innovating and reinventing himself, no more than Da Hongfei would for NEO and OnChain. As much as I am enthusiastic about Narrative's unique approach, I don't think this community has anything to gain in divisiveness. As I previously said, and I won't insist enough, Narrative and Steemit are facets of the same prism, so is ONO, the latest...
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Re: Incentives for Steemit users to join Narrative

mrgoodsett ·
@Maelstrohm Black well said boss, I respect your opinion. It's going to be a very interesting 12 to 24 months.
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Re: Incentives for Steemit users to join Narrative

Maelstrohm Black ·
I think the very nature of Narrative, in its complementarity, will be more than enough to attract "Steemians" to join our community. I really think that, at the risk of repeating myself, the emphasis should be put on the fact that each respective platform offers features that are exclusive to either and that they collectively should be seen as a type of "swiss knife" of blockchain publishing tools for content creators... Therefore, recruitment pitches should also sound that inviting:...
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Re: Incentives for Steemit users to join Narrative

Maelstrohm Black ·
I respect your opinion as well, but I don't have any claims to "bossdom". lol I agree that the coming months should be very interesting, as the structure of Narrative takes tangible form, with all it's diverse elements falling into place. As the saying goes: "Variety is the spice of life..."
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Re: Incentives for Steemit users to join Narrative

mrgoodsett ·
@Maelstrohm Black please reserve the handle "BOSSDOM" in Chaucer...lol.
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Re: Incentives for Steemit users to join Narrative

Maelstrohm Black ·
I'm afraid I already have mine, but feel free to use it if you will...
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Re: Incentives for Steemit users to join Narrative

Malkazoid ·
Re: Incentives for Steemit users to join Narrative
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Re: Incentives for Steemit users to join Narrative

Malkazoid ·
Niche head hunting. This could be another approach to getting the best Steemit members to try Narrative - identify and approach them directly, and propose a niche to them that covers their area of expertise, either for them to buy or contribute to if somebody already owns it. It seems to me that the leg work would be more than worth it since we're talking about the most prolific and talented individuals.
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Re: Incentives for Steemit users to join Narrative

chrisabdey ·
I already have a plan to poach a bunch of quality steemit members. They are quite upset by the bot community over there and are more than willing to make the switch once they see the platform live.
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Re: Incentives for Steemit users to join Narrative

aaa zzz ·
As a steemit user with 63 rep and 2400 followers (inflated number) I don't expect any kind of advantage or incentive. I have a lot of material I could bring over here and give a second chance because some of it reached so few people back when I was a minnow. I have no problem starting over, and I think the old relationships from steemit and the new relationships from Narrative can both help me build a reputation here. I plan on bringing a lot of people over. But I don't plan on leaving...
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Re: Incentives for Steemit users to join Narrative

Malkazoid ·
Fantastic info - thanks, and we're lucky to have you with us. I admit I don't care for Steemit, but I do want it to get better for everyone's sake. I also hope Narrative remains an attractive alternative by using every means at its disposal to attract quality over quantity. I can already tell from your writing that I want to read more of your content, and we must rise to the challenge of making sure good writers are quickly discovered, without the whale mechanics of Steemit. I just read ONE...
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Re: Incentives for Steemit users to join Narrative

aaa zzz ·
Where steemit has failed is that there was way more reward incentive placed on being an investor than being a quality content creator and so the investors grew EXPONENTIALLY more powerful than the content creators and there was a clear conflict of interest. Investors wanted more investors, only content creators and a few decent people were working to keep the good content creators around and so many left. The steemit team wanted to be hands off with what content was rewarded, even though...
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Re: Incentives for Steemit users to join Narrative

Ted ·
@aaa zzz Thanks so much for your insights!
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Re: Incentives for Steemit users to join Narrative

Banter ·
Thank you @aaa zzz ! It's great to know about potential pitfalls with this new reward paradigm. Hopefully Narrative will avoid the same mistakes, put safeguards in to counter them, and incentivize behavior that benefits the community as a whole.
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Re: Incentives for Steemit users to join Narrative

Jhoe ·
This was so accurate! great!
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Buttoni ·
This is my concern also. I cant see how the current system would work in long term :/
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

JC ·
There is also another point. The reward can be received in tokens or fiat currency. It is not clear that another utility will have the token (for the moment). Maybe the team clarifies that point later. But if not, the token will be destined to go to the crypto underworld. The excuse is adoption. The common user is not used to cryptocurrencies and is too lazy to buy btc or ether, then buy neo, after buying the narrative token, etc. You must fight for the crypto adoption. It is a project that...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
Yes mate, @JC , If you are projecting yourself a crypto based company then you should more focus on crypot than fiat. But, My point is, If NRVE token doesn't carry any value except a form credit, then its worthless, No investor will like to invest. There should be a mechanisim that represent NRVE is a appriciating token in longterm.
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Quality content is more important than stakeholder-happiness. These tokens will have use-cases, people will want to buy them, advertisers mostly. Even if an advertiser pays in fiat that fiat is converted into NRVE tokens. Every time someone advertises tokens will be purchased. Narrative does not care about your investment, this is a platform focused on revolutionizing the "social media" industry by creating a content economy where users are paid 85% of what the platform generates. Narrative...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
I wish the success of narrative. When you said, Those who don’t know about crypto will use and earn, you Made a assumptions. See, when you raised fund through crypto, you projected it a crypto platform. Without rigorous marketing, writers outside of crypto community are not gonna join soon. I believe, Narrative is way more superior than steemit in terms of content handling. But, if steemit add the ads then I think Narrative will atleast take 5yrs to just level the ad revenue. Steemit got...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Based on everything you have said it is safe to assume that 1) you know very little about the world of blogging and 2) you don't understand the potential this platform possesses. The average high-quality blogger makes next to no money at all. They tend to blog as a hobby and any tiny amount of money they are able to earn is something extra. These people will have their lives changed on Narrative. This will be a dream come true for them. Narrative won't be marketed as a "cryptocurrency social...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

JC ·
Please !! I also want the success of this platform. But you have to be realistic Not being a blind fanatic Millions of bloggers are not going to arrive overnight. There is competition and there is much more competition. They are not platforms exactly like Narrative. But they are platforms that compete for the market of content generators. Sapien Networ, Ono, Whaleshares, Ezira, Steemit, Appics, Sola. etc some that come quickly to my mind. Come the SMT (Smart medfia Token) of the steem...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
@JC , Well Said, I second you.
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Actually it is not well said and I will explain why. 1) I never said anything would happen overnight 2) Not one of those "competitors" are a competitor at all, most are not even focused on the same market. Not all "social" platforms are the same. Narrative is the only platform that is open to both crypto + non-crypto users, a platform for everyone. Bloggers are only the first group being targeted and of course they will come here, they will want to earn money. On Steemit the stakeholder's...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
Dear, From all your answer, It looks like you are completely biased. Yes, Both social media is different. Like, Facebook & Twitter are different. But they are in one industry, i.e., social media. Likewise, All the other platforms stated by @JC are different from one another, But they are in the same industry. You know, Twitter made its 1st profit quarter in Q4, 2017, 12yr after it was founded. There is no need to tell since when Facebook became a profitable company. ```Bloggers are only...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Yes all social media platforms are in the same industry, that statement has no meaning in the context it was being used in. A blogging platform is different from Facebook (example) it does not matter if these two platforms are in the same industry they are completely different from one another. McDonald's and Taco Bell are both in the food industry, yet they are not competitors because each restaurant offers a different selection of food. Make sense? Why are you comparing Twitter to a social...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Jatin Kumar Hota ·
Just make you right, I compared Twitter with Facebook, not with Narrative. You didn't read the whitepaper, if you did then didn't read carefully. I said, content creator will get 60%. 85% of the rewards will given back to users, It doesn't mean the creator, Make your fact right, Cause there are, Niche Owner, Mods, Trbunal, curator also take their %. Narrative Company take straight 15%. Still in doubt? here is a screenshot from white paper. Nothing Personal, You said me a speculative investor...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
You are right, 85% is what will be distributed to the community. Content creators receive 60% and that's great. What other platform offers that? Quality content creators will be rewarded here. Your point was "why would bloggers care to post on Narrative when they can earn more on their own website?" and the reality is it's literally impossible to earn more on a website alone. If you post on a website + Narrative you will be earning "more". It will be much easier to earn on Narrative than...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Fabiana Cecin ·
Steemit was mentioned here. Forget about Steemit. Steemit and all other "blockchain crypto-posting" sites are garbage. The competition is Medium, which is the #1 platform for writers. If you can do what Medium does UX wise or better, you win, because you give users the possibility of earning crypto. Medium doesn't do that and that's where it can be overtaken. Medium promotes the "best writers," and forgets about 99% of the user base. You don't even see the stories of people you follow in...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Michael ·
Why would you first invest $7,000 worth of $NRVE, and then come to the community forum to ask non-investors what the advantage is of holding your investment long-term? Wouldn't an investor usually ask these questions BEFORE they invest large amounts in a project? Wouldn't an investor ask the advice of real investors? If you're having trouble understanding the valuation model of what you're investing in, I would strongly recommend staying away from investing in digital assets. Cheers!
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Holla ·
There won`t be any stakeholder happiness without quality content. Still Narrative took investments in the token fully aware that people are investing because they believe in the project and want to make some gains. If you pay 25 cents for something and only a couple of months later this has turned into 3 cents, no investor will be happy. Apart from that, your quality content creators will be paid with the same token. There will only be an incentive to create quality content, if the token has...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Holla ·
The point I think Jatin is trying to make is keeping investors happy will support the aim, to make Narrative attractive for creators of quality content. Narrative was my first time I got the impression of a hostile reception for investors when getting in touch with the team or other community members. I was insulted as a presale cheat but now have paid significantly more than any founder in NRVE tokens as I had to wait many months to be able to purchase niches. If the team has a negative...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
The token value is irrelevant to content creators. The token value does not really effect the ad-revenue that is generated. Content creators receive 60% of all ad-revenue. The platform is not reliant on token distribution, if you wish to be paid in Fiat you are able to do so. The token value can be $0.50 or it can be $50.00 it will make no difference in 2019 when the platform is completed.
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Heidi Hecht ·
To be honest, I wouldn't have bought five niches if I didn't think Narrative had potential. I think there might be something to be said for getting on something like Coinpayments.net in case someone maxes out on niches and doesn't want to dump their "extra" NRVE at a lower price than they bought it on an exchange, but might be OK with buying honey or something with it. It's on us to promote Narrative so that the token has some value, or at least a fair amount of liquidity. I already have two...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
The price of NRVE has plenty of room for growth. I don't believe it is worth it to buy a niche today. If you hold onto your tokens you will be able to buy niche's for fractions of what they cost today. However, you risk losing the one's you want. I plan to pick and choose the top Niche's in the future and I will submit offers. Use-cases can be created for any token. The Narrative platform is only one. Someone can create an ecommerce platform and have it be connected to Narrative. (example) I...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Holla ·
lol 100 USD. I think like 5 USD would put in en par with Steem. Don´t get me wrong. I see a good potential for Narrative even though I have not been happy with all decision so far.
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
NRVE has a limited supply of 197.5 Million tokens, it will take 30 years to reach that full amount. The supply is not very large. It's less than the Steem supply and carries with it no inflation. My $100.00 price prediction is a conservative prediction. If there were 100 Million NRVE in circulation the market cap would need to be $10,000,000,000. I believe NRVE will surpass that evaluation quite easily based on the white paper. This is a social platform designed for mass adoption. Whether...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Holla ·
Well that would be double the market cap of EOS. As an initial step would be delighted if Narrative gets enough traction to catch up to Steem. I believe in the potential of the platform though. See how good the team is with getting leading content creators on board. The weak spot for me is the token although there has been progress on the topic of exchanges. Still in my opinion not enough beeing done to show that the team sees the token as vital to the ecosystem. Blackholing tokens would...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Who cares about exchanges unless you are worried about seeing a quick profit.. You don't know what you are talking about, at all. The most popular social media platforms pay their users nothing. Being able to earn is a bonus, millions of bloggers create content every day for free. The token price does not directly impact earnings. The rewards pool directly impacts earnings. Advertising revenue directly impacts earnings. Generating revenue is the only problem to solve and as I said, Narrative...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

Holla ·
What are you talking about? Being able to earn is one of this platforms USPs. At this stage telling someone that exchanges are about making a quick profit is nonsense. Exchanges give visibility and access to people who have NRVE or are able to buy NRVE but do not have the possibility to pay by credit card. As you are so smart, kindly explain to me what makes narrative world changing for bloggers. Also kindly enlighten me, who you see as the main competitors for narrative. Your whole...
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Re: Whats The benefit of Holding lots of NRVE Token Long Term?

cara ·
Who cares about an exchange when Narrative does not even launch for a few more months? The advertising platform does not launch until 2019. The token is almost irrelevant until the platform launches. No one cares about Narrative yet so to get listed on exchanges they will make the Narrative team pay for it. If NRVE was on Binance (example) no one would care. 1) Narrative is world changing for bloggers because it will be the first platform that pays it's users. There are many bloggers in the...
 
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