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RE: SteemHunt Delegation Renewal Application review

in #delegationrenewal • 5 years ago

(4.2) Please confirm that you accept that any approval of this delegation renewal becomes the terms for your future delegation.
Yes

(4.4) Please confirm if your delegation has been used for purposes other than those intended.
No. Our delegation has only been used for purposes previously announced.

(8.4) About financial incentives to Steemit/community Are the steemit accounts part of this airdrop already?
No. When we received the delegation, Ned Scott (who was in charge of the Mr.D account at that time) requested to opt-out of any financial incentives.

(9.1) The KPIs could be slightly more ambitious, would SteemHunt consider increasing these?
We are not able to modify the KPI until we initiate the SMT-based Steemhunt.

(9.2) Consider KPIs that are more specific to the product-- for example, how many outside companies have partnered with review hunt. (or tailor the revenue to be specific to that)
Reviewhunt’s revenue KPI is not supposed to be based on the number of companies who use. It’s more related to the amount each company spent.

(13.5) How many Guest (non Steem) accounts are interacting with your project
We don’t have any guest accounts. The ‘non-Steem’ user refers to monthly unique visitors on Steemhunt's website. One of the most important values of Steemhunt is that the hunt posts (content that our Steem users share) attract many visitors from outside of the Steem network.

(13.7) What is the total quarterly (USD) value of rewards disbursed directly tied to the delegation? (can be a negative number of your projects is a flagging project)
It may take a longer time to calculate the exact number because we have been operating the reward program for our delegators over 17 months. We provide 20% yearly interest (mixed with STEEM/SBD plus HUNT tokens) to our delegation supporters (https://steemit.com/steemhunt/@steemhunt/introducing-market-price-pegged-hunt-bounty-program).

(13.15) Road Map
Our roadmap is currently under modification. The updated roadmap will be announced soon.

(14.1) Do you have published guidelines for how the delegation vote is used?
https://steemit.com/steemhunt/@steemhunt/introducing-new-steemhunt-user-score-now-your-hunt-token-balance-matters
Please check out the link above. There is one change to the post:
@steemhunt upvotes only one 1 (approved) hunting post that is in top 50 and up to 2 comments per day for each hunter based on his/her user score.

5 years ago in #delegationrenewal by
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     5 years ago (edited) 

    Thank you for your responses.

    All are closed apart from two questions. Please kindly respond within 7 days:

    (8.4) while it is appreciated that you were requested to opt our out financial incentives, within 3 months, in the next round of delegation renewals, the delegation renewal committee will be requiring projects to offer some form of value to the Steem community / Steemit inc in exchange for the delegations. Steem Hunt will be expected to provide something of value in exchange for the delegation, please confirm that Steem Hunt will provide something of value (be it tokens, Fiat payment, equity or crypto currency payment) to the Steem community / Steemit inc. in exchange for the delegation in the next round of delegation renewals. Please note you do not have to state specific quantities or items of value, but we would simply like you to confirm that you will provide the steem community / Steemit inc something of value in exchange for the delegation in the next round of renewals.

    (9.2) Please confirm that you will track and report the KPI 'Total client expenditure' or 'Total amount Spent on Hunts in USD' for the next round of delegation renewals

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       5 years ago  

      (8.4) The following is what we have been offering to the Steem community so far, and we will keep maintaining these:

      1. We already performed a 1:1 ratio airdrop for Steem Power holders with 20% of the total HUNT tokens issued. This airdrop was even planned to provide ENTIRE Steem Power holders based on their claiming. Steemians who applied have already received a total of 18,195,638.51 HUNT tokens which is 18% of the total tokens we were initially allocated. It was worth $363,912.77 based on our IEO price ($0.02 per HUNT).
      2. We are providing 20% yearly interest (mixed with STEEM/SBD plus HUNT tokens) to our delegation supporters. This has been continued over 77 weeks. We can’t calculate the exact amount of STEEM/SBD that we have provided so far in total, but in relation to HUNT, there are 26,650,000 HUNT provided to them. Steemhunt has provided an ACTUAL financial reward to all Steemians from the very beginning and we will continue to provide and give back to the community.
      3. We provide simple and convenient Steem account creation (sign-up) interface via https://steemhunt.com/sign-up, and we support two months of Steem Power delegation for all newly created accounts by using our fund.

      Thus, we believe that we have provided a great amount of financial rewards to Steem community, and we will continue to do so.

      In relation to providing financial cost to the Steemit Inc., we are not sure that we need to allocate funds for Steemit Inc for the delegation. We believe that this whole delegation fund is to promote the Steem DApps ecosystem. If we have more financial ability to pay some cost in relation to the SP delegation, we would increase more funds to the Steem community since we believe the purpose of this delegation fund.

      (9.2) Yes we will.

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