PROMO token finalization idea

I wrote a post a few days ago about an addition to POSH or rather a new token side by side for discussions mentioning Hive on Twitter: and a post by Hive account@jongolson made me rethink some things about it and give new life to the idea that I may have fine-tuned a bit more now and wanted to share to see what you'd think about it.

New token, yes.

To keep the "POSH" true to its name: proof of sharing, we'd create a new token instead, Hive account@hivetrending had a great idea with the PROMO token name in the previous post and it would fit it pretty well.

To give POSH earners and holders some extra value they'd receive a small airdrop/claimdrop, this would enable some liquidity of tokens on the market so they wouldn't need to just wait for new users to earn them before others could buy it up. At the same time a "PROMO" claimdrop could exist for new registrations by linking their twitter and hive usernames on hiveposh.com to receive a set amount of tokens to their hive-engine wallet. This would not only promote the website and initiative a bit more but also add some more liquidity to the markets. (Some possible restrictions based on account reputation)

Why would people buy up PROMO?

As Hive account@jongolson stated, more discussions about Hive on cryptotwitter and especially good ones at that would only help drive more attention to Hive aside from the general POSHing. We have something amazing here that the rest of the world doesn't know about and needs to find out but constantly talking about Hive on twitter or looking for good places to bring it up takes effort, energy and willpower. Similar to the rest of our other activity here it deserves some extra incentives.

If people don't buy it themselves, we could also look to add a proposal to ask for DHF funding to burn up PROMO so it rises or at least maintains a value and in exchange Hive gains value from increased traffic. And/or offer some inflation of PROMO to delegators while the hive rewards would buy and burn tokens from the market.

How would it work in practice?

Me and Hive account@theycallmedan created a posh community a while ago which was quite similar to the idea behind PROMO, but doing it manually and bothering with alt accounts, burning beneficiaries, etc, was quite a lot of work so here's how PROMO could make it work a lot better.

We'd use a new account (Hive account@hiveposh for instance, thanks to Hive account@eddiespino for handing over the account to POSH), every time #hive/$hive is tagged in a tweet or reply, Hive account@hiveposh would make a new post or comment in an existing post with a twitter link embed to it. Stakeholders/curators would look out for it, wouldn't even need open the tweet up as they could see the embedded message, who it was replied to, etc on our frontends and curate it accordingly while deciding if they also want to open the tweet up to leave their own comment or like and retweet the message as support.

Hive account@hiveposh would set beneficiaries to the Hive account linked with the Twitter account so the right person would receive the Hive rewards along with PROMO rewards.

As you know Twitter works similar to many other social media platforms, if you reply to someone's tweet and you receive a lot of likes on it, it'll be bumped up to the top increasing your chances of gaining visibility, attention and possibly a response from OP. This initiative would basically create a bandwagon of people supporting good tweets by checking each of them out and giving support on Twitter without needing to look for them there. Curators here could at the same time use their votes to throw attention to which tweets they think have good potential to gain a lot of traction so others wouldn't need to check each and every Hive account@hiveposh post/comment individually.

The reward mechanism

It could work similarly as Hive account@poshtoken works right now, daily issuance of x amount of PROMO tokens based on likes and retweets on said tweets discussing hive. It could be anything from a short messages, memes, questions, etc. At the same time they could also earn hive rewards based on curation in the POSH community along with allowing tips to be possible as well knowing who the tweet belonged if something happened to gain a lot of traction later on and stakeholders want to thank that person extra.

To avoid abuse or people earning PROMO who may do the opposite (Hive may have some enemies out there), we could have PROMO curators look through incoming PROMO rewards to blacklist certain accounts from earning them if required, they could at the same time compile posts of the best tweets of that day or week to earn Hive rewards for their time and diligence. This would also prevent abuse on chain from people selfvoting these comments up or using alt accounts, etc, to double dip on the reward pool from tweets that did nothing.

Please let me know what you think of the idea and if there's any other additions you'd like to see in it or do things differently. It would be great to get this going soon so we can gain a bigger momentum on Twitter and work together as a group to get the message to the right people rather than what we're seeing today where it's mostly memecoins and other trash filling twitter with fake likes, retweets, etc on coins with no utility or potential.