10-28-2022, 08:23 AM
CCIP-042 - Algorithmic Moons Pricing for AMA Tickets - Rewarding Users By Burning Mo
<!-- SC_OFF --><div class="md"><p><a href="https://www.reddit.com/user/mellon98/comments/ycw49q/proposal_algorithmic_moons_pricing_for_ama_tickets/">Proposal</a> by <a href="/u/mellon98">u/mellon98</a>:</p> <p><strong>Problem</strong></p> <p>We currently require the project to burn 1-2k Moons (Just as proof of concept since the admins gave the green light)</p> <p>This number is not based on anything and in my opinion it’s extremely low for the exposure the projects are getting - almost 6,000,000 subscribers and it’s the biggest CryptoCurrency community on the Internet, getting attention of that many users for 200$ is cheap and undervaluing the subreddit.</p> <p><a href="https://docs.google.com/spreadsheets/u/0/d/1MbACLw-_xPvoHceKkMyHhPq7ehJAwT696cfiWMZSxkI/htmlview#gid=0">Check what other news sites are charging</a></p> <p><a href="https://docs.google.com/spreadsheets/u/0/d/1d23qFc7F6GuYJ1QBwcKADSzKdkyowywc/htmlview#gid=1974554744">Another example</a></p> <p><em>Source: got these spreadsheets by emails from marketing agencies</em></p> <p><strong>Problem #2</strong></p> <p>Proposals for AMA ticketing that uses Moons price might not be approved by the admins due to Reddit TOS.</p> <p>This proposal is basing the AMA price on the monthly Moons issuance and not price.</p> <p><strong>Solution</strong></p> <p>Algorithmic pricing for the AMA tickets based on the <strong>Monthly Moons Distributed to Users (MMDU)</strong>.</p> <p><strong>MMDU / 21 * 0.25 = AMA ticket price</strong></p> <p>21 is 28 days in a month minus the MOON Week(7 days where AMAs can’t be hosted), theoretically we can have 1 AMA each 24 hours at any day of the 21 days.</p> <p>0.25 is 25%, want the AMA tickets to potentially burn quarter of the MMDU.</p> <p><strong>Example</strong></p> <p>1,200,000 Moons minted last month:</p> <p><strong>1,200,000 / 21 * 0.25 = 14,285 Moons</strong></p> <p><strong>Pros</strong></p> <ol> <li>Rewarding the users which are the base of this platform, when the project burn Moons, it makes user’s Moons more valuable, burning 1-2k Moons wont have any difference while 15k Moons is much more rewarding for users.</li> <li>Giving a new usecase for Moons.</li> <li>Fair value for AMA, the amount is the lowest of the industry standard, projects like Binance have tens of millions in marketing funds and asking them to burn 100$ worth of Moons doesn't look or make any good.</li> <li>Quality over Quantity - 1-2k Moons can attract low quality projects, its better to have 3-5 quality AMAs a month than 15 AMAs of random projects.</li> </ol> <p><strong>Cons</strong></p> <ol> <li>The only con I see is limiting the access to the AMAs, only those who can afford burning Moons can have AMA, on the other hand some can see it as filtering unprofessional project because anyone can afford 1-2k Moons for AMA.</li> </ol> <p><a href="https://www.reddit.com/poll/yexa37">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoMods"> /u/CryptoMods </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yexa37/ccip042_algorithmic_moons_pricing_for_ama_tickets/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yexa37/ccip042_algorithmic_moons_pricing_for_ama_tickets/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><a href="https://www.reddit.com/user/mellon98/comments/ycw49q/proposal_algorithmic_moons_pricing_for_ama_tickets/">Proposal</a> by <a href="/u/mellon98">u/mellon98</a>:</p> <p><strong>Problem</strong></p> <p>We currently require the project to burn 1-2k Moons (Just as proof of concept since the admins gave the green light)</p> <p>This number is not based on anything and in my opinion it’s extremely low for the exposure the projects are getting - almost 6,000,000 subscribers and it’s the biggest CryptoCurrency community on the Internet, getting attention of that many users for 200$ is cheap and undervaluing the subreddit.</p> <p><a href="https://docs.google.com/spreadsheets/u/0/d/1MbACLw-_xPvoHceKkMyHhPq7ehJAwT696cfiWMZSxkI/htmlview#gid=0">Check what other news sites are charging</a></p> <p><a href="https://docs.google.com/spreadsheets/u/0/d/1d23qFc7F6GuYJ1QBwcKADSzKdkyowywc/htmlview#gid=1974554744">Another example</a></p> <p><em>Source: got these spreadsheets by emails from marketing agencies</em></p> <p><strong>Problem #2</strong></p> <p>Proposals for AMA ticketing that uses Moons price might not be approved by the admins due to Reddit TOS.</p> <p>This proposal is basing the AMA price on the monthly Moons issuance and not price.</p> <p><strong>Solution</strong></p> <p>Algorithmic pricing for the AMA tickets based on the <strong>Monthly Moons Distributed to Users (MMDU)</strong>.</p> <p><strong>MMDU / 21 * 0.25 = AMA ticket price</strong></p> <p>21 is 28 days in a month minus the MOON Week(7 days where AMAs can’t be hosted), theoretically we can have 1 AMA each 24 hours at any day of the 21 days.</p> <p>0.25 is 25%, want the AMA tickets to potentially burn quarter of the MMDU.</p> <p><strong>Example</strong></p> <p>1,200,000 Moons minted last month:</p> <p><strong>1,200,000 / 21 * 0.25 = 14,285 Moons</strong></p> <p><strong>Pros</strong></p> <ol> <li>Rewarding the users which are the base of this platform, when the project burn Moons, it makes user’s Moons more valuable, burning 1-2k Moons wont have any difference while 15k Moons is much more rewarding for users.</li> <li>Giving a new usecase for Moons.</li> <li>Fair value for AMA, the amount is the lowest of the industry standard, projects like Binance have tens of millions in marketing funds and asking them to burn 100$ worth of Moons doesn't look or make any good.</li> <li>Quality over Quantity - 1-2k Moons can attract low quality projects, its better to have 3-5 quality AMAs a month than 15 AMAs of random projects.</li> </ol> <p><strong>Cons</strong></p> <ol> <li>The only con I see is limiting the access to the AMAs, only those who can afford burning Moons can have AMA, on the other hand some can see it as filtering unprofessional project because anyone can afford 1-2k Moons for AMA.</li> </ol> <p><a href="https://www.reddit.com/poll/yexa37">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoMods"> /u/CryptoMods </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yexa37/ccip042_algorithmic_moons_pricing_for_ama_tickets/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yexa37/ccip042_algorithmic_moons_pricing_for_ama_tickets/">[comments]</a></span>