Hey everyone! Over a month ago we announced , if you missed it you can read more info about it here in the post.
Ever since then we've made it up the ranks on the witness list and are currently located at a solid #57 which you can see here. During this time our witness account has managed to mine over 400 SP which will be used towards future curation by delegating to the account.
We recently also had some major updates in the project which I wrote about here.
This post is to inform everyone of our new server that we have up and running with the specs listed in the image below and how we plan on distributing the rewards the witness earns. We will continue to have a backup server of 32gb running in the background in case issues appear with the new one at any time to make sure our witness remains stable and doesn't miss any more blocks.
The rewards of the witness account will be distributed as follows:
50% will go towards all of the curators depending on stakes they have earned within the project that also holds their SP into the account. The curators can withdraw these stakes at certain periods and/or if they leave the project or are removed due to inactivity/other.
20% of the rewards will go towards who has been very active with the project since the very start and has gotten more and more involved in it. He is also sharing the costs of the servers with me on a monthly basis.
20% of the rewards will go to myself as the creator of the project and in the future will be delegating more of my own SP towards it for continuous curation of newcomers of quality content which is about.
10% of the rewards will go towards the person handling and maintaining or witness.
We believe that communal witness accounts like these were rewards are used for certain projects like curation should not be in the top 20 witness list. There are however plenty of inactive and barely contributing witnesses still in the top 50. The top 20 is of huge importance and it should be held by owners who can contribute with code and are active in the development of the blockchain.
With that being said, we are hoping to maintain a healthy rank to allow the project to grow continuously with curators and posts we curate but we want to make it public that we are not striving to go for top 20 in witness ranks.
Our curators work hard on finding undervalued posts by newcomers or authors that haven't seen the rewards they deserve. We have curated over 1000 unique authors since we have begun the project and currently have over 35 curators in the team. We expect all stats to be growing exponentially at the same pace as the platform.
Here is an analysis post made by explaining how manual curators can earn more curation rewards as the main curators in the
project let others front-run them for rewards. We encourage all new and old curators to vote on the nominations in posts and re-steems as they all go towards vetted and new authors that deserve the rewards and recognition. He also went through some retention stats that were looking very good considering the analysis was done before the big jump up in price of Steem and cryptocurrencies in general.
An analysis of user retention shows that over 80% of users who have been featured by OCD are still active on Steem (73% have posted within the last 14 days, 84% voted within the same time period). This is a huge percentage in comparison to the 10% user retention seen overall.
The effects of curation groups are very important for the platform and it's activity.
If you like what we are doing and want to help out, you can go to https://steemit.com/~witnesses and throw us a witness vote under the username:
Bear in mind that this action requires your private active key.
If you are an inactive user that doesn't curate much but would like to spend his voting power to help out the retention rate of the platform, you can delegate to either by using the desktop wallet Vessel created by
, or follow this delegation tutorial through steemconnect created by
.
If you want to delegate bigger amounts but would be interested to receive a share of the curation rewards of , feel free to contact me on discord: Acidyo #8038 or on steemit.chat under
and I will try to respond to you as fast as I can.
We are also planning on setting up a curation trail soon which you can follow the account instead to do part of or all of the daily voting for you on
posts and nominations.
Thanks for reading and your consideration of a witness vote, every vote counts!
If you have any questions, feel free to ask here in the comments or in messages in the chats listed above.
