SUB1X Premium Club + Improvement Suggestion Discussion #5

SuB1X-Coin opened this issue 4 days ago • edited 4 days ago


Requested Funds
One single 100 SUB1X payment to:
ZMFXaQHX8Tnur2Kojp8GmA5X61JYKiJDRf


Describe your proposal
Discussing the idea of creating a SUB1X premium portal and suggesting any features/improvements that could be added to the blueprints for it. The top 10 most active participants on this Github issues will be given 10 coins each.

The posts must be constructive and relevant to the utility being deliberated.

The proposal submitted is a vote on whether coins should be rewarded to the best contributors.


What is the SUB1X Premium Portal?
The SUB1X Premium Portal provides an affordable decentralized resource center for investors in the MasterNode space. This will be done by attracting key influencers, focusing on exclusivity and creating a multi-incentive rewards based system to encourage quality content production.

When considering a use-case for SUB1X, we wanted to consider a utility that would reflect the ultra low supply of the project and the economic principle of scarcity. The SUB1X premium portal fulfills these criteria and has many advantages over traditional content providers.

Influencers:
Each month, several influencers are given free entry into the SUB1X club. They are selected based on either credentials in the Crypto/MN space or social media following.

Quality of Information:
Many groups are lacking when it comes to the availability of information. The SUB1X platform is designed to attract the most knowledgeable figures in the MN space and give monetary rewards for those who post valuable community contributions.

Dividends:
All members of the premium portal are entitled to monthly SUB1X. This will be created via a governance proposal that assigns 100 coins to a single dividends wallet. These coins are then staked and the returns are pooled together at the end of each month. The monthly yields depend primarily on how many members that have joined the SUB1X forum. In terms of other factors, PoS network weight would determine the amount of coins accumulated over the monthly period, but the differences would be negligible when considering the low variability in difficulty over such a short time frame.

Reward Incentive Mechanisms:
A quasi - "Proof Of Brain" consensus similar will be adopted to the algorithm used by Steem-It. A minimum amount of SUB1X coins are allocated to the up-voting system, which are then distributed to members based on a variety of factors: reputation ranking, post popularity and

There are 2 potential ways to generate and distribute coins to existing premium portal users.

Governance Budget:
Send a proposal to the blockchain that MN holders can vote on. A budget would be determined and these coins would then be allocated to users based on the amount of up-voting power they have. This would take place periodically on either a weekly, or monthly basis via a script.

Block Rewards:
One would be to dedicate an existing % of the current 0.05BR towards the premium portal. Once again the proportion would have to be decided by governance vote, but would most likely range between 10 - 20%. These coins would be pooled together at one address and allocated through a script. Alternatively, the total BR could be increased by 0.005 - 0.01 SUB1X.

No Spam:
Forums are prone for falling victim to spam. It can be a pain to sift through such content and difficult to deal with for site administrators. The selective and exclusive nature of the SUB1X premium club, means that it will not suffer from any of these issues. The fee of purchasing a MasterNode would create a suitable deterrent for mitigating any low level shill/spam posts.


How is it going to help the project or the community?
To move forward, the coin requires a viable use case. A Github issue is the perfect way to discuss the potential implications, drawbacks and suggestions for the SUB1X premium club.