Crowdholding

Dead Tokens Outreach Proposal: What’s your thoughts?

Dead Tokens Outreach Proposal: What’s your thoughts?

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Dead Tokens Outreach Proposal: What’s your thoughts?

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Hello Crowdholders, 

 

From recent discussions on Telegram, we’re happy to bring back the idea and move forward on a campaign that can help grow the community and bring more supporters to CH. This proposal dives into how the campaign will look like. And from your feedback, we can identify the ideal campaign to allow people who invested and hold dead tokens the chance to be part of the Crowdholding community. 

 

So let's dive into it: 

 

First, we need to identify the dead project we want to target. From our discussion, the most recent hot topic project that is currently closing down is Horizon State (HST token). They are closing down due to a legal dispute. Let's use them as an example of how the campaign would work. The idea is this: 

 

Allow token holders of HST to trade their dead tokens for YUP plus additional actions. 

 

CH company has a supply section of 19% of tokens for future use as identified in our WP and we can use some of this supply to give to these new holders. Click here to vote what % of the supply we should give if this campaign would happen.  

 

Massive holders of HST must have a limit to how many YUPs they are able to receive. This limit needs to equate to: 

 

% of HST ownership pertains to exact % of the YUP supply give away. For example: 

 

If the community chooses 2% (for example) of supply to give away for the campaign, a holder who owns 1% of HST would receive: 89,000 YUPS, which is 1% of 8,900,000 YUPs

 

You can review the stats below:

 

YUP Supply: 445,000,000

2% of YUP: 8,900,000 YUPs

1% of 8,900,000 = 89,000

 

Actions to receive the YUP tokens. 

 

  1. Join CH telegram chat

  2. Signup to Crowdholding.com 

  3. Make a comment to an open task on CH

  4. Place public key in CH account settings

  5. Transfer HST tokens to 0x……………...

 

Once completed all steps YUPs will be sent to that users account on CH for withdrawal on a specified date.  



This strategy we can in fact do for any dead token project. Some projects the founders are displaced so their community has lost out. Thus it would be “just” to do such a campaign. However recent failed projects we think it’s a good idea to ask for permission out of respect and choose to act on their wishes or approval. Helping fallen community supporters within the industry is a good thing to keep them engaged for the sake of Crypto’s future growth.

 

Also keep in mind, this should not affect our market cap because holders of dead tokens already lost who were holding for that project. As our market cap is low, it wouldn’t be worth trying to sell at such low value during this time period of development. It should, in fact, bring more interest to follow/contribute to CH. 


 

Now for the questions:  


 

What do you think of the proposal? Do you approve?

 

Do you see any tweaks we can do to improve on it?


 

We look forward to your feedback!

 

Cheers, 

 

CH Team





28 COMMENTS 140 VOTES

Most recent Most verbose

yes this is great idea for new starup its very helpful for all people who take part in new project this is good way to find her mustake 

i thing this is idea going to moon as soon 

best of luck for futer

i alway stand with you 

5 hours ago

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15 hours ago

accepting any dead or close to dead token. If you guys really are considering this I would suggest only choosing the very best project to in essence merge their community with ours and exchange their dead or near dead coins/tokens for doing said tasks. If it were something with a massive community that showed unparalleleBut CH is all about engagement and legitimate, no-BS replies. So maybe instead of having them make 1 comment, you should change this criteria to "have to independently earn 10,000 YUP"?media communities to come on board as affiliates and trade their dead tokens. It would be an expanding wave, a ripple campaign, if you will. The exchange rate also has to be carefully calculated to keep the CH token value from depreciation.HST holders acquire their token by buying them while Crowdholders acquire their YUP mainly by contributing to tasks on their platform. Getting HST holders to contribute to tasks will, therefore, come with some problems. To solve this, action 3 (Make a comment to an open task on CH) needed to receive YUP tokens should be amended. Instead of releasing all YUP tokens to a person who wants to exchange his/her HST, a percentage of it can be released first. For example, Cristiano Ronaldo is supposed to receive 100,000 YUP in exchange for his HST. Crowdholding can release 30% first which is 30,000 YUP. The remaining 70,000 YUP (or 70%) can be spread over a number of tasks - maybe 10 or 15 tasks. Mind you, Cristiano would only earn from his remaining 70,000 YUP after performing each task and not from the YUP pool like all Crowdholders. This way, they will be working hard for their tokens and not justHolders. There should be a strong incentive to become a contributor to CH first and only then there should be the possibility to receive YUP Tokens. I could imagine some kind of competition: for example during 4-5 weeks at least, you have to accumulate a certain minimum amount of YUP by doing tasks and then the token Swap would be divided only between these active CH users, considering their HST holdings (and eventually also their accumulated YUP during the competition)

1 day ago

Ryan Olesen guru

Have acted as an advisor on multiple blockchain & crypto currency related ICO's!

I think its very similar idea to Coin Janitor. The big mistake that platform is making is accepting any dead or close to dead token. If you guys really are considering this I would suggest only choosing the very best project to in essence merge their community with ours and exchange their dead or near dead coins/tokens for doing said tasks. If it were something with a massive community that showed unparalleled support with the past project, I think that maybe the best way to start siphoning down the options. Another option which I found interesting from one of our members is to consider a platform such as Dogecoin. This type of coin may notbe applicable now because of its overwhelming success this year but if it were to have a real utility or use such as YUP, users may consider doing such exchange!

3-Stars ☆☆☆

2 days ago

kostas vizoulas new user

Wow. this proposal reminded me of coinjanitor. I really think this can work given the effort. Its a great idea to improve YUP  adoption and liquidity and lessen the deadcoins roaming around.

3 days ago

E Yizzy new user

I think the requirements for the conversion should be stricter. Having someone open an account, join a Telegram channel and make a comment is basic faucet-type work. But CH is all about engagement and legitimate, no-BS replies. So maybe instead of having them make 1 comment, you should change this criteria to "have to independently earn 10,000 YUP"?

That way we ensure that they become a legitimate part of our community, only after does their transferred HST get added to their total YUP balance according to whatever conversion rate you decide. 

My only other comment here is: of all the dying tokens, why HST? :)

I think you are far better off aiming for a token that has an actual, engaged community behind it. My recommendation? Dogecoin. They are very engaged with another and even though much of their engagement revolves around sillyness on their subreddit, they tend to be rather smart individuals that have something to say about the evolving world of blockchain and they are almost always holders of other tokens.

Plus, they would be most appreciative for the opportunity to get greater value in exchange for their Dogecoins.

That's just one example I'm familiar with, but I'm sure there are dozens of other such communities with coins whose utility and value are dying out. 

4 days ago

Primoz Obolnar

Crypto enthusiast and in love with travelling

Proposal seems fine on the first look, it loks CH could benefit from this. But the concern is how it will affect the price of YUP. If those who will recieve YUP tokens drop it on the market it will of course affect price. 

On the other hand it might be short term negative effect, on the long term the most important think for CH is to grow and expand it's user base and this would also be the way to do it.

 

Maybe beside making a comment on open task on CH you could add requistie to follow CH on Twitter and Facebook, to generate more activity in te social media networks...

4 days ago

I think that the idea is good. It's probably going to raise awareness of Ceowdholding and back up the network market cap through scarcity. 

5 days ago

This comment is not available, it has been removed for violating the code of conduct

5 days ago

It sounds like an interesting idea, and the task to be performed to get the CH tokens could be to advertise to other holders of various dead tokens across other social media communities to come on board as affiliates and trade their dead tokens. It would be an expanding wave, a ripple campaign, if you will. The exchange rate also has to be carefully calculated to keep the CH token value from depreciation.

Also, instead of just a campaign, how about an official token exchange where anyone can trade dead tokens for CH? Sort of like those crypto trading sites? Or a token swap shop?

6 days ago

This comment is not available, it has been removed for violating the code of conduct

6 days ago

This comment is not available, it has been removed for violating the code of conduct

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I support the proposal and I think it's for the betterment of Crowdholding, however, I'd like to remind everyone that sometimes the objective and vision you have for an idea is not what happens eventually. I believe there are a few tweaks that can be applied to the project to improve it. To speed up the process of HST holders joining, a referral option can be included so that those who join recruit more of their fellow HST holders. The reward for the referral can be 20 or 25% of the referred person's amount. It's just an example though.

I looked up a little info on Horizon State and found out it's actually a cryptocurrency project centred around a software. Roughly explaining it, it's tokenomics is based on a concept where more users of the software are needed to increase the token sale (and token holders) so that the company can be able to sustainably fund ongoing operating expenditures in order to grow further. Also, to quote them, "The more Horizon State products are used, the greater the deflationary pressures enacted on the token economy through reduced supply". This goes to show one major thing: HST holders acquire their token by buying them while Crowdholders acquire their YUP mainly by contributing to tasks on their platform. Getting HST holders to contribute to tasks will, therefore, come with some problems. To solve this, action 3 (Make a comment to an open task on CH) needed to receive YUP tokens should be amended. Instead of releasing all YUP tokens to a person who wants to exchange his/her HST, a percentage of it can be released first. For example, Cristiano Ronaldo is supposed to receive 100,000 YUP in exchange for his HST. Crowdholding can release 30% first which is 30,000 YUP. The remaining 70,000 YUP (or 70%) can be spread over a number of tasks - maybe 10 or 15 tasks. Mind you, Cristiano would only earn from his remaining 70,000 YUP after performing each task and not from the YUP pool like all Crowdholders. This way, they will be working hard for their tokens and not just exchanging them so they can liquidate their YUP and run away from the platform. Even if they leave CH, there will at least be an assurance that they contributed to a significant number of tasks for their tokens.

Now concerning the percentage of tokens to be given to the dead coin campaign, I chose 2%. However, for future dead coin projects, I think the highest percentage in any survey presented should not be more than 1%. The reason? What if there are 20 more dead coin projects... I don't think all of them can be getting 2% so yea, 1% will be enough.

6 days ago

I'm in favor. One small change I'd propose, if feasible, is to use revenue generated through adds to purchase yup from the exchange which can be distributed. Some form of fund people can also donate to. I'd also put the amount of tokens from failed projects received on crowdholding. Ps I'd also consider expanding to allow everyone to submit and donate tokens from failed projects. On the condition that it was an actual project and not some token people just created to scam crowdholding. This could get a lot of coverage on social media, given everyone's who's been active in this space has at least some dead tokens. 

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

That's a wonderful idea Steve. Submitting and donating the tokens instead of waiting on the next dead token to choose from. CH stands to lose less in this scenario.

6 days ago

Karen M guru

There are several good ideas. I think the team will look at our ideas & tweak the program accordingly.

6 days ago

It's an interesting idea, to use the proposed token swap this as a marketing campaign. However, CH should be very careful, since this could trigger a selloff of the already crashing YUP Token. I am quite concerned, that some of the investors in Horizon State bought the HST Token during the ICO hype in late 2017. I am quite sure that for those people the CH Token swap would represent just an opportunity to liquidate and get at least some of their burned money back. Please be very cautious with any scheme that has no strings attached. 

In my opinion the best campaign would be for CH to get the Horizon State (a blockchain voting and decision-making platform) USERS instead of just the Token Holders. There should be a strong incentive to become a contributor to CH first and only then there should be the possibility to receive YUP Tokens. I could imagine some kind of competition: for example during 4-5 weeks at least, you have to accumulate a certain minimum amount of YUP by doing tasks and then the token Swap would be divided only between these active CH users, considering their HST holdings (and eventually also their accumulated YUP during the competition).  To give some more incentive to bring good content to the CH platform, let the top 5 contributors get a bigger share (for example, 1. place 5x, 2. place 3x)

1 week ago

I like the idea of combining it with a sort of proof of activity on the platform.

6 days ago

I agree CH's willling to grow its community by absorbing Horizon State (HST token) whcih are closing down due to a legal dispute. Thus I voted 2% of the supply to give away for the campaign, a holder who owns 1% of HST would receive: 89,000 YUPS. 

As CH has already investigated well, HST was a such good project, I think.  It is natural for HST holders to follow HP action instructions to receive YUP tokens as below:

- Join CH telegram chat  - Signup to Crowdholding.com   -Make a comment to an open task on CH  - Place public key in CH account settings  -Transfer HST tokens to CH.

I want to recommend CH will need to adjust the exchange rate  based on the token price each other when CH find better dying or dead tokens. It will help CH expand the Community.

1 week ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

This is a very good idea, I think it will increase the intresst in crowdholding thus improving it's worth, but I think some caution has to be taken into the project that will be looked at or invested in so as not to buy tokens that will remain dormant for a very long period of time. 

And also the ratio of tokens that will be made available for those project should be carefully calculated so as not to use up all our reserve for these projects because more interesting projects might still come up in the future. 

I will support any thing that will improve the value of the yup token. 

1 week ago

Dean Walsh guru

Don't listen to me because of who I am, I'm nobody like everone else.

I think this is a great idea and am hopeful that it will work in bringing in more active users.

It would be good to require more than one visit to the CH site to complete the bounty, but I think this way should work well also.

1 week ago

Karen M guru

I like the idea of helping a failed project. It's a good way to get new users on CH. I think you need to look at long term by giving them incentives to stay. Perhaps, a program where they can redeem HST for YUP over time, not all at once, upfront. CH has a monthly dividend, how about a monthly exchange, at a percentage that is in the best interest of CH.

1 week ago

I like the idea of spreading the exchange to yup. That way you'll get returning active users. Good stuff

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Yep, not all at once. And a monthly exchange is a wonderful suggestion!

6 days ago

It's a good idea to support token holders of failed projects! I have never seen it before. And I think you right with your formula, mathematically. It just depends on %% community voting. And I have just voted for %%.

My kindly support for your decision! 

1 week ago

I agree to save the project but don't like your proposal.

It OK is to do that but they way it's been done should be relooked. It should be shared in ratio of 2HST : 1YUP.  The project should be explained to them so they cab understand. Most of them will probably dump and that will affect Yup. Its a big risk but lets try to minimise the risk.

1 week ago

I would suggest adding something so that it is more likely that they'll stay, instead of just doing the one task and leaving.

Maybe they get double the YUPS for participating for as long as the percentage they get holds out. Or maybe they get 20% of the tokens they'll receive for each answer until they have helped 5 projects? Or 10% and 10 projects.

Either way, something to make them stay beyond just one quick answer so they can become part of the community. 

1 week ago

Karen M guru

Are you staying as part of the community? I haven't seen posts from you recently.

1 day ago