Every since our first auction, VIVA Crowns have gained in value at an incredible rate. There are many reasons for our growth. One of them is that we never undersell, because each auction's floor is just the previous auction's ceiling. The other reason for this growth is that we allow each Crown Holder the right of first sale at each batch.
We are very grateful for this, but we also understand that with the discounts from earlier rounds gone, the current price is forcing many people to abstain from bidding and these quite frankly are people we would very much like to become VIVA Crown Holders.
We realize that we have been quiet lately, part of this was the holidays but part of this has also been because we are focused on lining up institutional investors for round 2.
VIVA doesn't have proof of work or proof stake, we utilize a technique called proof of authority.
Crowns are the coin within the VIVA ecosystem that give you a "Treasury Right", meaning you have a right to a percentage of the VIVA minted that week based on how many Crowns you control.
For example if there are 10,000 Crowns and you own 100, then you are entitled to mint 1% of all VIVA minted that week.
You can choose to either mint that yourself, or rent your Treasury Right to a mining pool called a mint and let them handle all that.
The trick with VIVA is that there are no standalone mints. A mint must be attached to a business activity. The business activity can be anything except "solely to mint viva".*
Therefore Crown Holders are generally business owners, entrepreneurs and dreamers who wish to build a business that deals in or with the VIVA ecosystem in some fashion.
This causes the VIVA ecosystem to grow organically because we gain businesses that accept VIVA at the same time we gain users who are earning VIVA.
Compare this to most coins which seem to exist for the sole purpose of being dumped onto the open market and traded for bitcoin.
Crown Holders control the basic parameters of VIVA, such as the amount to be minted that week, the interest rate for lending, the target marketcap etc.
The VIVA currency itself is engineered to be a price stable currency that floats around a target price of +-10%
That target price is set by the crown holders.
These features and many more are what make VIVA perhaps the most interesting coin to come along so far.
At present there are 25 Crown Holders and we want to get that number to at least 50 before round 2.
We are holding a contest to find the best ideas for new activities within the VIVA ecosystem. Inviting the best ideas and the people who propose them to join our other Crown Holders
So here is the contest.
Start by brushing up on your VIVA knowledge in these links...
Keep in mind that we're looking for more like minded people, so tell us about yourself and about what you would do as a Crown Holder.
Our goal is simple, we're going to change the world.
So show us how we can help you change the world!
Bonus points for demonstrating an in depth level of knowledge about how the VIVA economic engine would play a role in your endeavor.
This post will be running with promotions and monitored at least daily for 30 days. In the meantime, we will now be running our auctions more frequently and regularly. Auctions are slated to run at least once a week. All auctions will be carry over auctions with fill in bidding allowed and we will be implementing a hard settlement date of 7 days.
We are also starting a global advertising campaign in the run up to Round 2, as long as there is an auction up we will also be running ads all over the place to bring people to steemit to see our auctions and of course settlement can be in steem or SBD.
So tell us what you would do in the comments section below, then upvote and resteem this post, so your followers know what you'd do as a crown holder.
Existing Crown Holders will reach out to the entrants they feel have the most compelling reason to become Crown Holders and give them a discount code. They can do this simply by replying in the comments section with a custom code word just for you, or they may reach out in other ways if they feel your offering is particularly compelling.
The code you receive will allow you to settle your bid on the current auction at a rate of 1 steem = 1 USD meaning that if you bid $1,000 USD you pay 1000 steem. That's a 90% discount off face value!
This contest is a chance for people who have big ideas but not a lot of money to make a real impact in the world.
If that sounds like you then tell us...
How will would you change the world if only you had a crown?
This post is 100% steem powered!
An article by tokyodude entitled “The Polished Man project – Painting a
Fingernail to bring Awareness to Child Abuse,” dated September 10, 2016, hit home with me.
(https://steemit.com/news/@tokyodude/the-polished-man-project-painting-a-fingernail-to-bring-awareness-to-abuse) Too bad I found this article too late to resteem it.
If I had a VIVA Crown, I would try to work with the founder of The Polished Man project to start a branch (or two or three) in the United States. This branch would incorporate VIVA as part of the non-profit business model. Perhaps the branch in Australia would incorporate Viva coins, eventually.
I would like the Viva coins to be used to help the children to get away from their abusers. This often includes helping the non-abusing parent who may also be experiencing abuse. A goal would not be to remove the child from both parents (unless both are abusers), but to keep the family together – and away from the abuser. I am currently involved with such an organization (woman and children's shelter and services) where I live, and would model my non-profit services much the same.
Honestly, I don't know how the VIVA coins would be incorporated, but I would like to see the child/family use the viva coins to purchase necessary items to begin a new life.
One of the most needed service is psychological support of the abused child, even into adulthood. This is necessary to stop the cycle. Perhaps the administrative staff and professionals who are hired to treat (free of charge to) the abused, will accept VIVA as a form of payroll payment.
Fund raisers would help support the project. The fiat raised would be used to purchase and support the VIVA program in turn.
I don't have details worked out. This is just a thought in my head.
I have bid on VIVA Crowns twice, but each time, the crowns were purchased before the bid worked down to me. (Round 1, Batches 2 & 3)
Would one VIVA Crown be enough to start this? Maybe, maybe not, but I would like to give it a try!
This is a great idea. To make an impact on something like this you would need a few crowns. The Treasury Rights would then be used to fuel an expense account for the charity. Meantime getting doctors and patients to work in VIVA helps increase the utility and ubiquity of the coin.
I like this idea, your code is "polished man"
I think this is a great idea,
I greatly admire the work one organisation in the UK does to help women and children escape from abuse, however their women focused approach leads to numerous boys being turned away or cast out of the program once they turn 16 even though they to desperately need support, protection and a place to live.
Your Idea strikes me as one that would be more inclusive of the boys in this age range so gets my support.
Your code is "Painted Nail"
Thank you williamsbanks and phoenixmaid for your confidence.
The services offered at the place in which I am involved offers services to ANYONE who has been a victim of sexual or domestic abuse, male or female. I don't know who he is, but I know at least one adult male receives services. Just from a couple quick glances of him I have had, he looks to be about 60.
I could be wrong, but I believe when people generally think of abused children, especially sexual abuse, or even domestic abuse, people think of girls and women being abused; but, boys suffer sexual and domestic abuse as well. I wouldn't want to turn away ANYONE who has suffered abuse, whether the abuse was physical, sexual, or emotional. Regardless of the abuse - it hurts - and affects the rest of one's life.
As an existing crown holder, I'm quite excited about the possibilities Viva will bring to aspiring entrepreneurs! There are lots of people in the world with good ideas, but not the financial means or fundraising ability to ever make something of those ideas. I wonder how many brilliant opportunities are lost every year, just quietly fading into oblivion as a result? If you're a forward-looking innovator aiming to get a budding project off the ground, then becoming a Viva crown holder (as opposed to buying & selling VIVA on the open market which is what a speculator / trader would do) may be for you.
To hand out a discount code, these are the qualities I will be looking for:
Resteemed and upvoted!
Resteemed & voted! Will post to FB too.
This post has been ranked within the top 50 most undervalued posts in the second half of Jan 10. We estimate that this post is undervalued by $11.00 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 10 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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What is the current price of a VIVA Crown?
May I make a purchase immediately or must I wait until the contest is over?
How does the purchase process work?
Previous top bid from the last batch was $570, but the auction got drowned out by the holidays.
I'll be running a new auction in a couple of days, but in the meantime since you bid in all previous auctions but missed the last one, if you want to top that bid you can just send 571 steem for each crown you want to @vivacoin and include the code word in the memo section.
Then just hit up @williambanks in steemit.chat with your email address and I'll send you an invite to our crownholders slack to get you started.
Otherwise stick around a couple of days and wait for the next auction to start. It will be very soon.