Tagged With "price"

Topic

NRVE Market Value

Gerbino ·
Hi guys. At the moment, there is no market for NRVE so I understand it’s pegged to NEO. Let’s say it is listed on Switchneo in the next couple of days, would you use their mid-market price as the market price, or would you wait until NRVE hits coinmarketcap, and use that rate (which I guess should be the same if only on one DEX). Hopefully the price will be such that Patrons only with 300 NRVE will be able to bid on a niche!
Topic

Why still tether ? Whitepaper says 75$ of NRVE

christian ·
just want to see the issue of the tether to neo price for niche minimum. More of a principle issue of why thats still in place ? When will it will stop? As a founder, it lowers the value of my niche as well as doesn’t support the token NRVE as allows people to spend 25$ on the needed tokens not 75$ as stated in whitepaper . The reason given or not enough VOL doesn’t make sense to me . Not sure if there will be enough vol , ever . Or before open to public ? TY
Topic

Intrinsic Volatility of Niche pricing

shadowrifty ·
I bid on a niche yesterday and was perusing around thinking if it would be a good idea to bid on one again today. I noticed that the price for an initial bid went up. I checked the NRVE rate and saw the price to USD had fallen almost 50%. Then I was reminded that the starting bid was set to be around 75$ USD. I find this platform fascinating from an economics perspective, and this got my mind wandering. There is an intrinsic volatility in Niche prices because of to factors. 1. due to the...
Conversation

Publication Price Points (Revisited)

Ted ·
Hi everyone- About a year ago, I started a conversation about potential price points for publication (though we were calling them "brand channels" at the time). Here is that original post: https://community.narrative.org/topic/your-opinion-wanted-price-point-for-brand-channels Even though publications will not be supported initially when we launch the beta, we definitely see them as a huge part of the ecosystem in the future. I'd like to circle back on this to get some fresh feedback. To...
Question

question about niche prices

Gosia Rokicka ·
Hello, I won 2 auctions yesterday and when I proceeded to payment I realized they were much more expensive than I expected! I don't think I understood the whole NRVE/fiat thing. Basically, I want to pay with PayPal as I don't want to go into crypto now. Previously I read that each niche starts at 75 USD and the NRVE price depends on the currency rate on that day. That makes sense. Because I always wanted to pay with USD, I didn't pay much attention to the NRVE price. Of course, the nature of...
Question

has the lock on USD price for niche bidding been intorduced yet?

Gosia Rokicka ·
Hello, some time ago I had an issue (and I wasn't the only one) with an inability to pay for an auction I won due to the skyrocketing USD price which I expected to be fixed at 75 USD (+15% commission) if I was the only bidder (which I was). I purchased one niche thanks to generous help from @Malkazoid but skipped the other payment (receiving a rep hit and 24 hr ban on Narrative). I think I'm proving to be a decent niche owner and I'm interested in purchasing some other...
Reply

Re: NRVE Market Value

Brian Lenz ·
Hey @Gerbino ! We will evaluate the situation once we are listed on an exchange. There are a lot of factors that potentially play into it (velocity of the market, price stability, API availability, and more). I can't say whether NRVE will have the ability to be listed on switcheo any time soon. It appears they are dealing with issues adding python-based NEP-5 tokens (which NRVE is). We'll certainly provide updates as we have them, but we can't speculate on the future regarding exchanges...
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Re: NRVE Market Value

Gerbino ·
Thanks for the link @Brian Lenz ! Not sure how much of it I understood 😂
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Re: NRVE Market Value

MichelleG ·
This is why I put on three neo instead of one. I am hopeful of picking up one niche with that and having a tiny bit left over to help someone else maybe get their niche.
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Re: NRVE Market Value

Emily Barnett ·
me too @MichelleG not enough to be a founder, but much more than the minimum so that I had some room to bid. Happy in hindsight.
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Re: NRVE Market Value

gavb ·
No such hindsight here, played it too safe it appears. If I can't bid on a niche with my meagre amount of tokens, what else can I do with them?
Reply

Re: NRVE Market Value

Gerbino ·
Yes it doesn’t seem fair. It was in the plan to be listed on at least one exchange by now. I understand that the speed of the exchange listing process is not under the control of the Narrative Team, but, taking this into consideration, I personally I think the amount of time that you have to pay for a niche should be extended until you can purchase NRVE from an exchange
Reply

Re: NRVE Market Value

Emily Barnett ·
Maybe the Neo will miraculously spike therefore lowering the minimum bid. Failing that...many niches do seem to be looking dormant...soon even the founders will be out of or low on tokens (probably who knows how much someone bought) but they too are in the same boat (unable to purchase more). Hopefully when the exchange does become open, the team will give a window of time for the patrons to top up their wallets before opening the community up to the public.
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Re: Publication Price Points (Revisited)

Emily Barnett ·
hmmmmm....I have thought a lot about this and i still don't have a good handle on it. When i look at Patreaon, it is free to get involved, and they take a portion of what is earned. The risk for investment is much higher on this one, because so much content is for free on Narrative and you are only wanting to accept fiat as the subscription fee (I think I read that, pls correct me if I am wrong). I think it would be a lot healthier model if the community could subscribe with their earned...
Reply

Re: Publication Price Points (Revisited)

Ted ·
@Emily Barnett - Re your first point... just want to make sure it is clear that publications do not have to institute any kind of paywall. By default, all content in a publication would be free. All I was saying that we would support the ability to have premium content in a publication (for those that want to try it as a revenue model). The nice thing about our premium model is that you can determine which pieces of content are free or premium... meaning that you can determine what...
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Re: Publication Price Points (Revisited)

Emily Barnett ·
@Ted But just so I understand, if a publication doesn't have any paywalls, it doesn't earn any rewards. Correct? So why would someone pay anything on this platform to not make a source of income. that seems like a really bad investment. No? Am I not getting something, here?
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Re: Publication Price Points (Revisited)

Ted ·
There are no "ownership" rewards, like we offer for niches, but as I mentioned in my point #6 above, the publication owners control ownership rights over the content posted to the publication. That means that they control what percentage of the content creator rewards generated by the publication content is retained by the authors. Thus, one publication may allow its creators to retain 100% of their creator rewards, some may take a percentage (say 50%), and some may go so far as to take 100%...
Reply

Re: Publication Price Points (Revisited)

Ted ·
Also, there will likely be a way for publications to sell their own ads on their content.
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Re: Publication Price Points (Revisited)

Malkazoid ·
Wow - ok... I'm realizing I never took the time to understand publications properly. This may well have been very clear all along but it is much clearer to me now. Publications are much more interesting than I thought! I hope not too many people misunderstood things the way I did, because if so, we have to find a way for this to be more readily absorbed by folks. The way you explained it here was very helpful.
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Re: Publication Price Points (Revisited)

Emily Barnett ·
@Ted I am feeling confused....so much to try and remember. SO I assumed after I read the blog post about Premium memberships to publications that the only revenues that a publication can earn is the memberships. But what you are saying here is that a publication ALSO gets paid the 60% of a content writers reward pool? What about the Moderator's rewards? And it is up to the owner to then determine how much they want to pay out the moderator and content makers for their work. Which in theory...
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Re: Publication Price Points (Revisited)

Emily Barnett ·
I don't think you are alone in not understanding it. I think that there needs to be ONE document from the @Narrative that out lines it all at once. You have two documents on totally different platforms, community thread and Medium, and months apart (June and January), laying out the details of publications. If both me and @Malkazoid were not super clear on the rewarding mechanics of publications, I guarantee there are many others who don't.
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Re: Publication Price Points (Revisited)

Ted ·
Publications are not niches, so Niche Owner rewards and Niche Moderator rewards do not apply. Publication owners will be able to earn money in these ways: 1. Share in Content Creator rewards. As I mentioned above, the owner determines how much of the content creator rewards they will earn (if any). By default, they will earn none of the creator rewards, so they will have consciously take action to tap into those rewards. 2. Advertising. Publication owners may optionally run their own ads on...
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Re: Publication Price Points (Revisited)

Ted ·
We are not supporting publications initially, so we are not too concerned with how we promote them yet. That will be more important once we line it up for actual release as a feature.
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Re: Publication Price Points (Revisited)

Emily Barnett ·
that does help @Ted . I have always understood that a publication was not a niche. But i did not understand that content on a publication still can earn it's 60% of the reward pool and that it is up to the owner to potentially negotiate a percentage of it. So now I have a much better handle on it. So, making it crystal clear for anyone else coming along. A publication could in theory negotiate with a content maker for say 30% of their rewards earned on the publication with no exclusivity...
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Re: Publication Price Points (Revisited)

Ted ·
1. What do you mean by "magazine"? Are you just talking about publications in general? TBD on how we promote them, but the content itself would be fully integrated like all other content. Narrators could follow publications and thus have the content pulled into their personal content streams. 2. Publication fee payment methods likely will be the same as for niches - NRVE and fiat options. 3. All publication owner fees will go into Narrative Rewards pool.
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Re: Publication Price Points (Revisited)

Emily Barnett ·
So finally answering your question, @Ted i think the structure that you added in the specification is pretty good. I think you should increase the basic level. (not a fan of the name...maybe Emerging sounds better) maybe something like $150 - 200 paid for in fiat or NRVE. and I would increase the number of content creators from 10 up to 15. and ad an extra few guest content posts. Business level ( I like Intermediate) i would do $450-500 and i would do a few less guest posts per month, and...
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Re: Publication Price Points (Revisited)

Malkazoid ·
The part that I find a bit strange is that it looks like only the Enterprise level can share in content creator revenue? Why is that a good idea? I feel like all Publications would benefit from being able to do this, and restricting it to Enterprise level creates an unnecessary barrier to entry. With the creator revenue sharing, there's a clear path to viability. Without it, there isn't. If you are just trying to create value for the Enterprise level subscription, why not distinguish it with...
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Re: Publication Price Points (Revisited)

Emily Barnett ·
I am just guessing here, @Ted would certainly have to clarify, but i assumed from what he said in this post that this meant it was up to the publication owner to negotiate the rate, and that the platform would not divide rewards up...content creators would have to send their share over to the publication via tips maybe. and that Enterprise level the system does support the payment split. If I am interpreting this table correctly. It does leave the two lower levels really at a risky place for...
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Re: question about niche prices

Malkazoid ·
You raise an interesting issue. I think that what happens in these instances is that since the time the auction started, the value of NRVE went up significantly. Now that it is time to pay, the system they are using wants you either to pay the NRVE, or pay the USD equivalent of that NRVE. At the time the auction started, that NRVE was worth $75 USD, but now it is worth roughly double... people are buying NRVE because we're about to launch Beta. I don't know that there is a happy end to this...
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Re: question about niche prices

Emily Barnett ·
I agree @Malkazoid this is an interesting dilemma. Given that the @Narrative platform gives themselves a 2 week window to exchange fiat to Nrve and vice versa on payouts, according to the white paper, which would serve to give them a window to optimize the best price for exchanging, it seems only fair that the price should be frozen at the moment of bidding on the auction, for people paying with fiat. Thanks for bringing this glitch up @Gosia Rokicka . Many of us buy Nrve when it is low, and...
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Re: question about niche prices

Malkazoid ·
Good point @Emily Barnett , regarding the window to buy NRVE giving the team a chance to optimise things... The situation may still be tricky for the team if the platform executes the way we all want it too. That would mean a fairly steady rise in the value of NRVE on average, meaning waiting to buy NRVE would generally only make the situation worse. That said - the company isn't losing a penny - this is money destined for the Network Rewards pool. And the Network Rewards pool isn't losing...
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Re: question about niche prices

Emily Barnett ·
I would honor it too, because it feels like the ethical thing to do, and also because it is the inclusive thing to do, if attracting non-crypto community members is a legitimate concern.
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Re: question about niche prices

Malkazoid ·
^^^ Yes, and @Gosia Rokicka certainly qualifies as someone it would be terrible to lose as a niche owner. I think she was wanting to buy the Haiku niche. I can't do this for every time this situation pops up - in fact I can pretty much promise this is the only time I'll make this kind of offer - but @Gosia Rokicka , if the team can't resolve the situation for you, I'll cover the extra cost for you if we can figure out how I can pay with NRVE for your niche. To do this, I think I can just...
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Re: question about niche prices

Christina Gleason ·
I had this issue with one of my auctions recently. I kept reloading my invoice page for days to see if I could find myself a better fiat value before time ran out to pay. There was one point where the fiat price for a niche I had no competition in bidding would have been $175 via PayPal...more than twice the $86.25 I was expecting! I ended up paying something like $110, which still sucked, but it was nothing like the price I'd seen for several days. It's a problem. I try to time my bids now...
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Re: question about niche prices

Gord ·
Yeah I've cost myself a pretty penny or two by purchasing at inopportune times. On the other hand, lamboing to the moon isn't always a bad thing
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Re: question about niche prices

Emily Barnett ·
Nrve -- buy low. HODL longtime.
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Re: question about niche prices

Gosia Rokicka ·
Thank you very much, @Malkazoid , for your kind offer!! I don't know what to say. I'd be very happy to accept your offer but I'll try to reach out to @Narrative Network Team first. And yes, your help with the Haiku niche would be very much appreciated as this is the one I wanted the most. Although, in all honesty, I'm not sure if the Team can do anything about it now for a couple of reasons. 1/ It would be unfair to other niche owners like @Christina Gleason who already coughed up higher...
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Re: question about niche prices

Malkazoid ·
I think that's ok. A few people having suffered something unfair is not a reason for people to continue suffering it! That's a good point - although to be fair, it can also go the other way at times, when paying with NRVE turns out to be the cheaper option, especially because there is a 15% surcharge to pay with Paypal. And at the end of the day, it is ok if everyone pays with Paypal. The team still turns around and buys NRVE with the funds... As you know from the ad nauseam part, I agree...
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Re: question about niche prices

Christina Gleason ·
I'm not maxed out on my niches, so I'd like this to be addressed for future purchases!
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Re: question about niche prices

Colleen Ryer ·
Seems to me if the niche price is set at $75, then this amount is simply converted to the current equivalent in NRVE, no matter what this happens to be at purchase time. If the NRVE value is increasing, then it just comes out to fewer tokens for the purchase price. There's something backwards here, and I'm really wondering where @Narrative team is on this issue.
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Re: question about niche prices

Emily Barnett ·
I am sure someone will weigh in as soon as the launch happens. It has to be crazy busy there today.
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Re: question about niche prices

Banter ·
I think it is important that all transactions on the system use NRVE as the primary currency, after all, that is token we are trying to promote. I think the $75 USD min Niche price wording should probably be changed. We need to communicate clearly to the user that the initial opening bid NRVE price is based on the $75 exchange price to buy that much NRVE. The user needs to be made very aware that if they are planning on paying in fiat, not only is there the extra 15% fee, but that the...
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Re: question about niche prices

Colleen Ryer ·
This a brand new platform that seems to bill content and community as core to the reward system. In order for either to thrive, there have to be venues for quality content. Are even a quarter of the available niches active? How many people were turned off at the idea of even $75 for a niche in an untested beta level start-up? Sure, have an auction if there's more than one person interested in a particular niche, but keep the price set as advertised - other wise great content will have no...
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Re: question about niche prices

Malkazoid ·
I don't see any conflict here - everything internal to Narrative is NRVE. The whole idea about allowing fiat payment is to allow the vast majority of people who don't care about crypto yet, to not have to deal with it. But surely that's a level of complexity the average social network user isn't expecting to have to deal with? We'll fail being accessible to the mainstream if we have to explain that sort of thing. The $75 USD price tag, though too high, is at least straight forward and...
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Re: question about niche prices

Emily Barnett ·
I agree in parts with both of you @Banter and @Malkazoid . I feel this is an unfair glitch that serves the Narrative rewards pool when it is convenient for the platform, and forgoes the goodwill at convenience as well. At this point, I probably think it is just a glitch and not an intentional position to get more money from fiat payers. Hopefully it will be rectified as soon as the team launches beta. But if this is not a glitch, and the team knows that this is how the platform works. Then...
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Re: question about niche prices

Malkazoid ·
Most people will choose not to learn the ins and outs of crypto, whether you warn them or not. This is undeniable: most people either don't care about crypto, or worse: distrust it. The platform that will become mainstream, and make crypto mainstream in the process, is one that doesn't force people to buy crypto (or pay the penalty sometimes of paying multiple times the original price more for an already expensive niche fee). I think you are underestimating how massive a turn off that is...
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Re: question about niche prices

Christina Gleason ·
This. When I placed my bid on Smart Property, the opening bid in NRVE was equivalent to $86.25. The auction ended within the last 24 hours, and the current fiat price of $111.72 is the lowest I've seen since I could access the invoice. (It WAS higher at the time the auction ended, because I checked immediately.) I've been thinking about trying to pay in NRVE, but Coinbase was telling me it was going to take two weeks to be able to move any ETH I bought there to my personal wallet and then to...
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Re: question about niche prices

Christina Gleason ·
And the price has gone up $10 in the last 10 minutes.
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Re: question about niche prices

Emily Barnett ·
????? @Malkazoid there is nothing to be combative about. 1. the team is busy. We don't even know if this is intentional or not. Personally I think it is an oversight, as I have stated three times. They lock in the NRVE price at the time of bidding. I think this can easily be coded in, to lock in the price in fiat as well. I just think they forgot to do that. -- In theory, the price of NRVE could go up to 10cents tomorrow, do you honestly think the team will be building a platform that for...
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Re: question about niche prices

Emily Barnett ·
the price will jump. Pre ICO we all bought the token at .33 cents -- it fell off a cliff after alpha launched, mainly do to the dramatic drop in crypto in general. but also because working product became increasingly important around that time. Now that Narrative is launching, there will be a lot of speculation again. We may or may not see a one penny token again. Or maybe we will. I would wait to pay for niches until the team has time to address this thread. Or @Gosia Rokicka perhaps you...
 
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