Forming the GEEK Token Team (Playing With the Numbers)
I think I've worked out a plan to distribute all (or almost all) the GEEK tokens. On paper it seems sound but I am not an economist so I might be off by at least a little bit. The plan also relies partly on an honor system.
This is based on the selling price of GEEK so far historically hovering around 0.00005 STEEM; give or take around 0.00001 STEEM either way. As more GEEK is awarded for content the supply will be larger than demand so the price of GEEK will most likely decrease in the short term. As more users join steem-engine the demand for GEEK will hopefully rise again bringing the price of GEEK back up.
At the time of this post the @geektoken account has 23,115,000 GEEK tokens. Currently there are 400 million GEEK tokens that have not been minted and issued yet.
This plan involves a GEEK token team of 20 members; each member being paid one million GEEK from @geektoken for the time they will be spending distributing GEEK.
Each member when joining the GEEK token team will receive payment upfront.
400 million GEEK tokens to be given out by 20 team members means each team member would be responsible for 20 million GEEK tokens. For a little security each member will be issued 5 million GEEK tokens at a time to be given as rewards for content. When each member awards all 5 million tokens another 5 million can be issued.
Each item of content can be rewarded between 10000-100000 GEEK tokens based on the team member's judgement of how "geeky" the item is (basically a 1-10 scale). At a price of 0.00005 STEEM per token that means an item of content can earn 0.5-5 STEEM worth of GEEK.
20 million GEEK tokens rewarding 10000-100000 GEEK tokens per content item means each team member will reward anywhere from 200-2000 items of content.
The goal is to give away all 400 million GEEK tokens for content by the end of 2019. At the time of this posting there are 156 days left in 2019. Rounding to 150; to give out all 20 million tokens for content each team member would need to reward between 1 to 14 items per day.
Any GEEK tokens not issued or rewarded by the beginning of 2020 can be sent to @null.
As far as I can tell my plan looks theoretically possible so I now need to find the 20 team members. I know that @qwerrie has already expressed some interest and I need to double check the replies to my posts for anybody else that might have expressed an interest in being on such a team. Anybody else interested in joining the GEEK token team?
Are their any guidelines for what type of posts need to be curated under this ?
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Since I am already going to trust the judgement of each team member with how much to reward each post I am willing to also trust in each team member's good faith belief that the content they are rewarding is in at least some way "geeky".
What do you consider "geeky" topics?
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Posts under #STEM and #SteemSTEM can be rather geeky.
Yes. That's one possible way of finding content that is geeky.
usually I say when in doubt go by the dictionary definition but most dictionaries don't really define geek as well as they could in my opinion. Doing a basic internet search of "geek culture" should give you the gist of what topics geeky covers.
Thanks, I would be interested in geek curation.
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!BEER
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Thank you.
To view or trade
BEERgo to steem-engine.com.Hey @geektoken, here is your
BEERtoken. Enjoy it!Thank you.
I unstaked my geek. Should I keep it staked? Unsure what all is going on. Will we need the geek tag too?
I just posted a question about staking on steem-engine's discord. I'll have to get back to you later with an answer.
np mate
Sorry for the delay. I suggest you should leave GEEK unstaked. I've found out that clicking the diamond icon next to the token after it's created to enable staking does nothing unless 1000 ENG is paid to activate the smart contract associated with it.
No tag is strictly required. I am leaving it up to the team members to search out the content. A tag should be created to make it easier to find though. I'll put the tag in an upcoming post. Thanks for the idea.
Sounds good. Team member is for curation of contents? @ericet @honoru might be able to find you a chinere languange member. The cn community is growing. I am happy to see the use case of geek token.
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If you need an italian speaking member of the team to make curation on posts written in italian I'm interested.
Wonderful. Italian geeks should also be included. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I also mentioned that I'm interested into a spot at the team :)
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Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thanks :) Happy to be part of the team :)
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Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Thank you :) I'm running a weekly soccer prediction game for the German Community. Can I use 100k Geek to reward the Top 3 users. Even if it is not 100% Geek related ? I think this could help to promote Geek.
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I'm leaving it up to your best judgement of what content is geeky or related to geek culture.
Although the Czech community is not very large, its members write between 70 and 100 articles each week. If you are interested in the Czech moderator, I apply for your team :-)
Wonderful. As long as there is at least one geek no community is too small. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
I'm honored. I will do my best for GEEK :-)
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I have read your GEEK token terms and conditions. I'll get to work :-).
They're not technically ToS. They are more like guidelines.
OK :-)
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!BEER
GodSpeed ! 💙
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Sorry, you don't have enough BEER in your account. You need 10 BEER in your virtual fridge to give some of your BEER to others. To view or trade BEER go to steem-engine.com
Can i be analyst of your project and promote to 5k user from steemit ?
I trust in your project because I have around 600.000 Token stoked near institutional users.
Thank you
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This is great to see the new thing on steemit platform. i will love to join join team
Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you! Waiting for the instruction
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Thanks
It looks great, so go ahead.
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Are you requesting to be a team member?
No, I'll cheer for you.
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Just as good. Thank you.
You are welcome
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This is a good project and I will like to be part of the team @david.rickman.
Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Beautiful project it is. I will love to join the team.
Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
I have read this terms and conditions. Thank you Geek for being geeky. I will get to work immediately....
you can count on me as a Russian speaking member of the team, if you need one. cheers!
Wonderful. Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
thanks. may I ask only instructions 1stly? payment can wait till the job done. if you have no objections, ofc.
If that's the way you want it then I have no objection. IOU 1 million GEEK tokens for your upcoming work to be paid by December 31, 2019 at the latest.
As agreed 5 months ago the 1 million GEEK tokens due to you has been transferred to your steem-engine account: https://steem-engine.com/?p=balances&a=qwerrie
Thank you for your participation.
Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. Five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards. Per your request one million GEEK will be owed and paid to you later.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Hi I would be interested. Not sure what the criteria is though 👍
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The basic criteria is that the content is in at least some way geeky. How geeky you think the content is sets the amount you reward the content.
Tomorrow I will send you basic instructions and transfer 6 million GEEK tokens (one time payment of 1 million for you and 5 million for you to award content). After the 5 million tokens have been disbursed for content you will be issued more tokens to reward content.
Welcome aboard.
Cool look forward to it ty
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Thank you again for joining the GEEK token team. I will be transferring GEEK tokens to your steem-engine account soon. One million GEEK tokens will be transferred from @geektoken as a one time payment for your work. Another five million GEEK tokens will be minted and transferred to your account for you to disburse for content rewards.
Once you have disbursed the five million tokens you can either send a memo to my @holovision steemit wallet or e-mail me [email protected] to request more tokens for content rewards.
Here are a few things to help you with your task:
This ends on December 31, 2019. Any GEEK tokens at that time that you haven't used to reward content should be transferred to @null for burning.
The tag geektokens will be used to identify possible content for rewards but you should also be searching for geeky content without that tag.
The content to be rewarded should be in at least a small way geeky or related to geek culture. This is up to your best judgement. Each item of content gets a minimum of 10000 GEEK tokens up to a maximum of 100000 GEEK tokens (basically a scale between one to ten). This is also based on your best judgement.
When rewarding content post a reply that states:
"This content has earned some GEEK. (insert amount here) GEEK tokens has been transferred to your steem-engine.com account.
Geek Rewards (GEEK) is a steem engine token that rewards content creators for their geeky contributions to the community."
Be sure to check first that no other team members have already rewarded the content.
I would recommend transferring rewards for content using https://wallet.bloks.xyz but you are free to use steem-engine.com if that is your preferrance.
Please let me know if you have any questions or concerns.
Cool thank you will get searching and let you know how I get on ty
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Congratulations @geektoken!
Your post was mentioned in the Steem Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on the Steem blockchain, consider to vote for my witness!
@geektoken - As a hodler of GEEK, I have some questions about your distribution plan. I agree that your plan is possible, but I am bit concerned about distributing all of the tokens by the end of 2019.
If you still decide to move forward, I would like to join the team, but I felt it best to express these concerns first for the sake of GEEK.
Sorry for the delay and thanks for supporting GEEK.
No matter what system or plan I use there is nothing to stop someone from selling off GEEK tokens for short term gains. There is also nothing to stop hodling GEEK and buying even more at a price driven down by sellers. That's just how free will and markets work. A whale can have some effect on the price but 80% of the tokens that are possible haven't even be minted at the time of this writing. Each team member is paid equally so someone still has to buy a massive amount to be a whale and I am walking away from this project with only 100,000 GEEK so I am not a whale.
There might be an upvote bot similar to what is described in https://steempeak.com/steem-engine/@holger80/how-to-build-a-steem-engine-token-upvote-bot. I just don't have time at the moment to set such a thing up. There are a few other projects developers have been discussing on the steem-engine discord that could utilize GEEK.
I am currently writing the draft of an upcoming blog that should answer this question. If you still have concerns after reading the post you can reply to it after I post it either tonight or tomorrow.
The original GEEK airdrop was based on the PALcoin rich list directly from steem-engine.rocks. When the list was compiled and processed through the EngineAirDrop program there were over 5400 user accounts on the list and even accounts with 0 PAL were on the GEEK airdrop list.
If you are still interested in being a team member please let me know. Also feel free to ask any more questions. Again, thanks for supporting GEEK.
@geektoken - Thanks for taking the time to write out a detailed response. I do appreciate it!
I would be interested in being a team member and distributing tokens.
Something to consider IMO is a community like @pifc who is built around curating content as one of those giving out the tokens over time. We have multiple curators who are finding content on a weekly basis for the curation contest.
I can set up a bonus entry for the curators to find a Geek Post or do a special week for it every month until distributing the tokens.
Feel free to hit me up on discord @thedarkhorse #6765 to talk about it
Hello, @geektoken
Is there a website or channel on Discord? can I stake my GEEK tokens?
Just saw this post now..
I'm interested in using my staked geek tokens for good and not evilth
What do I need to do to join?