ySign engaged the blockchain crowd
Blockchain Crowd Marketing
Today, we use messaging applications both for our personal and professional communication. Apps such as Messenger, Whatsapp or Viber or Telegram are a great help, connecting individuals around the globe. But they are all centralized services. There is little to no assurance that your communications will not be stored in the centralized database, vulnerable to attacks. What is more, the provider of the service can process and store the conversation themselves.
The ySign project aims to change this. The team is creating a new messaging service with a goal of including Dapps and blockchain features. The service of ySign is completely decentralized, which enables an unforeseen security that your communication stays private.
ySign joined Crowdholding only in April 2018 and they have already been able to utilize one of its most valuable features - the instant feedback from the crowd.
“While most firms today have a presence in social media platforms, they often do not use them to listen carefully to the consumer. With Crowdholding we turned on “problem solving” mode and listened carefully to what the crowd told us” said Ivan Vujic, CEO of ySign.
The feedback from the crowd helped ySign to build a customer-centric product. They received almost a hundred comments on how the Crowdholders like their project and what kind of features they would like to see in the future.
ySign has explored Crowdholding opportunities even further. The newest task was not regarding their project, but their upcoming ICO. The ySign team posted a task prior to the ICO date, introduced the benefits for participants and asked for advice on how to improve the ICO plan.
Through this task, ySign was able to drive traffic to their ICO page, increase the awareness of the event and get some valuable advice.
The task was running for two months, it was announced prior to the ICO and was still on during the ICO. In this way, ySign was able to collect some feedback about the whole process and some of the comments were real-time responses to what is currently happening with the ICO and how the team should continue with their strategy.
If you want to find out more click here.
CrowdholdingCrowdholding connects the crowd with entrepreneurs, allowing you to give feedback and ideas for a future share.
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Reward Distribution Rules.
Please read below how the rewarding structure works.
Voters get 35% of the reward
Commenters still receive the majority of 65% of the reward weight, while voters 35%.
You receive only 7 upvotes and must vote what you think are the best answers
You now have a limited amount of upvotes. You won’t see the other user votes until the task expires. If you vote the top half comments you will receive a portion of the 35%.
Top 50% upvoted comments get bigger share
Our algorithm gives top 50% upvoted comments more rewards than the bottom 50% comments.
Give me an example with numbers
Upvoters get 35 % of the reward.
65 % goes to the commentors.
Half of the reward is gained from bottom 1/2.
Upvoters get nothing
1/2 of the reward pool for this segmentis distributed among top 1/2
There is a task with 1000 Reward.
Let’s assume Top 1/2 recevies 70% of all upvotes.
Bottom gets 30 %. But because half of the reward goes to Top 1/2 that makes the final numbers more like Top 1/2 gets 85% (55.25% for commentors, 29,75% for upvoters) and bottom gets 15 % of the final reward.
If there’s 100 upvotes:
1 upvote that upvotes a comment in Top is worth around 12 Yups (circa 8 goes to commentor, 4 goes to upvoter)
1 upvote that upvotes a comment in Bottom is worth 5 (All goes to commentor).
Reminder about our Moderation
If you upvote a comment that’s reported as Spam or comment that should not be rewarded (eg. “Good job” comments) you will lose your right to be rewarded for this task.
We hope you like this new system and it brings you lots of fruitful discussions and reward you fairly.
Do you still have questions? Read more detailed explanation at our helpdesk
All the best,
Your Crowdholding Team