We have reached the next level of the 1UP project by starting the official Fundition campaign under the new 1UP account . There I have explained the entire project in a simplified manner and released some new info regarding the distribution of the UP Smart Media Token.
Distribution
There will be another, more detailed post from later today about the distribution details. But for now you can have a look at the general distribution yourself:
There will be 280 million UP tokens that are released with the Smart Media Token protocol release from Steemit next March. Over 195 million of these tokens will be distributed to the Steem community via a User Authority airdrop and via bounties for users and communities.
65M Airdrop For Steemians Based On UA
The 65M airdrop for Steemians will be based on their UA score mentioned above. That way we will be able to distribute voting power to everyone who has made Steem great and create a new power balance for the UP token from the root up. This will enable the majority of users to get more UP tokens than they hold in Steem Power, increasing their future influence on the Steem blockchain.
65M Bounty System For User
With the start of the 1UP app in October we will release our bounty system for delegators, promotors and users. You will be able to earn daily UP tokens for many different forms of supporting and participating in 1UP. The idea is to create a working system and strong community by making everyone earning a fair share.
65M Bounty System For Communities
1UP is all about communities and therefore we will airdrop 65M tokens on the communities run via 1UP. All 1UPs given to any community will count towards their 1UP score. At the end of the Pre-SMT phase, at somepoint in March 2019, we will distribute these tokens to all communities according to their 1UP score. How that excatly will take place will be decided by the 1UP community to find the best approach together.
15M For The 1UP Team And 40M For The 1UP Platform
55M goes to 1UP from which 15M will go to the inner circle of 1UP. And 40M will be locked in the @steem-1UP account for making it a constant super-whale (Megalodon?).
30M For Private Investors
Out of this pool we will pay our private investors who helped to finance the development. This is also the pool that we use to reward all backers of the Fundition campaign.
6 Million UP Tokens For Donators
We will distribute 6 million from the investors pool to our Fundition campaign donators. We are asking for $6,000 in two goals of $3,000 each. The amount will be split between all backers who made a donation for the development of the 1UP app. We have already done half of the work but the bear market makes it incredibly difficult to come up with the funds for the development costs.
You can donate by going to the Fundition campaign and use the Fund option.
Other Forms Of Contributing
You can also become a 1UP collaborator if you have ideas, concerns and support in one way or another. You can then create a post and use the Fundition tag of my campaign #fundition-0xxjea70g as one of your posts tags. I have not created any collaborators rewards but if I see that you guys create content for the campaign then I might reconsider.
Additionally, I have set as a beneficiary of this post for 20% using the Steempeak post editor. This is another form of supporting the project.
As 1UP is open source you can also contribute with official @Utopian-io posts, although this might be still a bit early as the app is not yet released.
I am excited to see things come together. We need your support to make this happen but as things have already very much progressed I am certain to that all will work out great. Please let me know if you have any question about 1UP or the Fundition campaign here in the comments and join our 1UP Discord channel.