Some ideas to increment NVRE token value

Service: Narrative

Actually the only two cases that i found to buy NRVE tokens are to buy a niche or to pay fees for Publications (if there are any others please let me know).

I would like to suggest these two ideas in order to increment the NRVE token value:

1) token burn - burning tokens reduce supply therefore increase token value

2) enabling dividends of some percentage of profit  when someone has a certain number of NVRE tokens (for example if someone has 10k tokens he might be able to receive dividends of the 5% or 10% of platform earnings)

3) use them to boost content

4) use NRVE tokens to unlock some premium features

 

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@cooleen token burn means sending tokens to a non recoverable address so tokens can't be recovered causing the total circulating supply to be reduced therefore increasing the token value.

For premium features i think like special insights on data for users like how many upvotes, how many post views, what was the impact on those who have viewed it or special insights for niche owners or for people wanting to sell products like which users could advertise their products with more effectiveness, etc..

 

@MOLLY O interesting usages.

Well, if Narrative introduces advertising, then like Wordpress Blogs - we might pay NRVE to keep ads off of our niches or our posts. Which would limit the NRVE in general circulation...and offer a double ended revenue stream. 

I believe "tipping" was also under consideration, which would also keep NRVE "in house" longer. 

Another use for tipping would be similar to Patreon's model, of allowing readers who do not contribute content to purchase NRVE sepcifically to patronize a content creator or niche that they are interested in supporting. Even better as a subscription process. This benefits the content creator, by providing an incentive to continue to create, and the Narrative.org entity could "hold" the patronage NRVE for a set period of time, to clear - the way banks hold funds from a check when the depositor has less than a minimum required balance.

HI @Serroc 

Hmmm paying to keep ads off. How popular would this be given the current trend on  a lot of platforms is to pay people to view ads.

Paying to place our own ads (especially niche and publication owners ads - but creators could still ante up for ads promoting their work, too) _ and viewers can opt to view or not( not get paid to view, tho-to keep rewards heading into the pool of course). 

And as per your tipping suggestion - viewers could also tip really creative ads?

Haiaty posted:

@cooleen token burn means sending tokens to a non recoverable address so tokens can't be recovered causing the total circulating supply to be reduced therefore increasing the token value.

For premium features i think like special insights on data for users like how many upvotes, how many post views, what was the impact on those who have viewed it or special insights for niche owners or for people wanting to sell products like which users could advertise their products with more effectiveness, etc..

 

@MOLLY O interesting usages.

Thanks @Haiaty someone more familiar with how nrve already works would have to weigh in on whether token burning is doable. Sounds like a good way to keep supply and demand in check.

Think pay for data insight was already at least discussed, if not suggested - will take look and see if I can find the tread.

@Cmryer - just brainstorming, not advocating - re: ads... paying to view ads, as Brave does, would be a great way to earn NRVE.  I was looking for ways to maintain the value while keeping it circulated. I don't like the concept of burn, but I understand it. I think it should be a last resort.  Maybe we could establish staking cooperatives...where people could put in a smaller stake but as a group, hold a large amount which would stay out of circulation or be used to vault for other currencies.  <shrug> it is hard to come up with stuff when I am new to all of this...

Serroc posted:

@Cmryer - just brainstorming, not advocating - re: ads... paying to view ads, as Brave does, would be a great way to earn NRVE.  I was looking for ways to maintain the value while keeping it circulated. I don't like the concept of burn, but I understand it. I think it should be a last resort.  Maybe we could establish staking cooperatives...where people could put in a smaller stake but as a group, hold a large amount which would stay out of circulation or be used to vault for other currencies.  <shrug> it is hard to come up with stuff when I am new to all of this...

Yes, brainstorming's what it's all about  agree, the tech is so hard to wrap my head around. am looking forward to staking - admit I;m not totally clear on how it's going to work tho

I'm not a big fan of token burns either. I do like @Serroc's idea to allow Narrators to pay a NRVE fee to remove advertising from their streams. We'll have to see how they look when they are rolled out. I can see some people not wanting ads. Maybe there will be a market for an ad-free experience.

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