May 2022 • v3
| This proposal has been authored by the Hive Scholar & Scribe community. PageDAO members are the intended audience. They will vote on this proposal via Snapshot. |
Objective
Communicate the vision for relationship between S&S & PageDAO, explain how the $PAGE grant will be used, and detail some short and medium term goals to work towards together.
Grant details
- 50,000 $PAGE tokens to be distributed to SCRIBE holders and community account.
- 11 Membership NFTs to be distributed to top SCRIBE holders and community account.
A brief introduction: S&S and Hive
Scholar and Scribe
Scholar and Scribe is a creative writing community founded on the Hive blockchain with the goal of incentivizing and recognizing creative content published on web3. We use a unique, dual tokenomic structure that supports both authors and their curators. This approach is an augmentation of the existing reward structure that’s built into the core of the Hive blockchain.
We were founded in early 2022. The tokens have been live since March. We are actively working on ways to bring utility to the tokens inside of Hive, but at the time of writing they only serve as an indicator of community involvement (authorship & curation). We hope this partnership can change some of that!
The Hive blockchain
Hive has roots as far back as 2016, when it was the STEEM blockchain. Hive hard-forked in 2020 as a result of a controversial power struggle. Hive is the result of a passionate community taking control of their chain.
Hive uses delegated proof-of-stake (DPoS) as a consensus mechanism. We have fewer nodes than other chains, but this structure enables three second, fee-less transactions. As a result, Hive hosts some of web3’s most vibrant blogging and social media dApps. Hive is also home to many games, financial ventures, and creative projects—all of which help diversify and bring value to the native HIVE token.
There is also a healthy Layer 2 chain called Hive Engine, which is the core driver of most of Hive’s dApps. SCHOLAR and SCRIBE tokens exist on Hive Engine (not Hive itself).
More information can be found at https://hive.io/.
Vision alignment with PageDAO
The basic Hive social media incentive system already gives aspiring authors a leg up over traditional systems. However, Hive was not purpose built for writers or authors (nor do we think it should be).
Scholar and Scribe’s mission is to incentivize and enable the monetization of quality creative writing content on web3, using Hive Layer 1 and Layer 2 as a foundation. We believe that the community on Hive can be part of a much bigger value chain in this process.
Many of the authors writing on Hive have either dabbled with self-publishing or have manuscripts they have been refining with an intent to publish. Many of them have been producing quality blog posts on the blockchain for years. Our community also hosts many serialized stories and collaborations between authors, illustrators, musicians, programmers, and other creative folk.
Hive and Scholar and Scribe are well positioned to serve as an onboarding and talent development platform, for:
- New writers
- New to web3-writers
- Existing web3 writers who’ve not been able to monetize successfully
- Sourcing or networking for supplementary talent and stakeholders:
- Illustrators
- Audiobook readers
- Editors
- Musicians
- Clients (e.g. game devs looking for content)
- Agents, talent scouts, etc.
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PageDAO is well positioned to serve as the web3 publishing tech stack for writers who are ready to ‘graduate from the slush pile.’
- Key ERC-20 token ($PAGE) that hooks into the wider web3 ecosystem
- Minter technology that produces NFTs on a variety of chains—including Hive itself, potentially
- Drop tag technology that enables author-reader subscription models
- Builder of storefronts, frontends, or dApps that provide a critical UX/UI layer for onboarding. (S&S is currently working on a v1 ‘proof of concept’ frontend with partners from Hive Pizza.)
Potential DHF access
The Decentralized Hive Fund is a community-owned store of several million Hive-backed dollars: HBD. (HIVE’s native, algorithmically backed stablecoin). At the time of writing, the total budget stands at just over 16M HBD with a daily disbursement budget of ~161,000 HBD.
Hive members and communities write proposals for access to funds, and any Hive member can use their stake to support a proposal. See current budget status and proposal list here.
If the PageDAO–S&S partnership can demonstrate a strong value-add for the Hive community at large, we can explore seeking funds from the DHF to accelerate or expand plans. As noted in informal discussions: the Hive community can be very protective and leery of “outsiders,” so the route is not at all a guarantee, and significant proof of value-add is strongly recommended as a condition of seeking DHF funds.
To illustrate a scenario:
- PageDAO and S&S work together to build a smart process that empowers writers to improve their craft, mint their first ebooks, and sell NFTs
- This process programmatically feeds value back to both $PAGE and SCHOLAR/SCRIBE tokens
- Use cases grow on Hive where HIVE or SWAP.HIVE is traded for SWAP.PAGE or SCHOLAR/SCRIBE. S&S and/or PageDAO account(s) on Hive stake resultant HIVE or even burn it
- New users join Hive to get access to our programs
- We work together to get some high quality PR for our endeavors
- We use #3 & #4 as strong, on-chain evidence of value add for Hive. #5 adds the qualitative cherry on top. We seek significant DHF funding to accelerate the program(s)
Potential BEE fund access
BEE is the native token of Hive Engine (Layer 2). There is a similar proposal process as detailed above, albeit on a much smaller scale. However, the barrier to a successfully funded proposal is lower—this may be a better route to take in the short term.
Near-term tactics & use of $PAGE grant
To get things moving in the right direction, we propose the following:
- Claim-drop of 100 $PAGE membership minimum to current S&S membership. Depending on criteria, we could add anywhere between 20 or 215 new PageDAO members. Ideally, these would be active writers who are keen to expand their earning and exposure potential beyond posts on Hive. Precise mechanics of this drop are to be determined.
- 10 PageDAO NFTs (minter access) airdropped to top SCRIBE holders, 1 additional Pagedao NFT for the community account. This immediately gets folks exposed to the tech who are most likely to use it, and gives the rest of the community access to the minter through the community account.
- Onboard PageDAO builders and writers to Hive. S&S leadership will help PageDAO members who would like to learn about Hive, and guide them through Hive’s landscape.
- Establish regularly occurring planning or working sessions to develop actionable projects for our relevant memberships to work on. A good arena for this may be the existing PageDAO Spaces meets.
- Use an organization tool like Clarity to capture and organize our conversations and add a layer of accountability to our shared goals/projects.
Ongoing use of $PAGE grant funds
Assuming we claim or airdrop the max amount of $PAGE to current S&S members, we’re left with approximately 25,000 $PAGE to use. The S&S community account would retain these funds. Use cases would include:
- Contest rewards
- Increasing utility of either SCHOLAR or SCRIBE
- Bounties that incentivize our shared goals
- Seed for a potential SWAP.PAGE:SWAP.HIVE and/or SWAP.PAGE:SCHOLAR liquidity pool. (The SWAP designation is akin to a “wrapped” token on Hive Engine.)
- LPs would be a key step in building value flow between Hive and the PageDAO ecosystem
- Establishment of pools and a SWAP token involve creation fees that would be discussed in another proposal and split accordingly.
The snapshot page for this proposal is below: