Announcing a new application under development, probably: Echo Chamber
- Rewards Impound - Author rewards go directly to the Echo Chamber using 100% beneficiaries.
- Centralized Reward Release - After payout, the Echo Chamber evaluates factors like the origin of upvotes, overall quality of the post, and independent reputation.
- Liquid rewards are sent right after overall quality has been verified.
- STEEM Power rewards can be delegated after verification or impounded STEEM Power can be routed over 13 weeks.
- Fees - The Echo Chamber charges a fee, deducted from the final reward, depending on things like how long the author has been on the platform and how often they use the Echo Chamber to post.
Example
Alice posts original content to the Echo Chamber. She buys several votes form bit-bots to promote her original content. The content reaches trending.
Because 100% of the author rewards are impounded through beneficiaries to the Echo Chamber, this gives the moderators time to evaluate the content.
In this case, the moderators add more votes to the post using the STEEM Power delegated by the community.
When the post reaches payout after 7 days, all author rewards are routed to the Echo Chamber. A percentage of liquid rewards are transferred to Alice. Likewise, a percentage of STEEM Power rewards are delegated to Alice, but at a slightly higher rate to incentivize keeping the delegation arrangement.
Alice has the option of requesting that the Echo Chamber power down the impounded rewards and route the STEEM Power to her instead of taking delegation, but this takes 13 weeks.
She also has the option of queueing up multiple impounded rewards power down routes, but this also takes 13 weeks.
Counter Example
Eve posts a meme on the Echo Chamber that is not original content. She also buys several votes from bid-bots to promote her unoriginal content. The content reaches trending.
Because 100% of the author rewards are impounded through beneficiaries to the Echo Chamber, this gives the moderators time to evaluate the content.
In this case, the moderators do not need to do anything. The incentive for Eve to post this content has been removed and Eve realizes her mistake and stops using the Echo Chamber.
See whitepaper: http://bit.ly/echo-chamber-whitepaper-v1
This is just a small print disclaimer of the entire thing because there's no such application and you aren't the least bit curious if someone might delegate to this idea even though I'm not planning to work on it ...
To delegate, you can use any of the following links:
10SP | 20SP | 30SP | 50SP | 100SP | 250SP | 500SP | 1,000SP | 5,000SP | 10,000SP | 20,000SP | Custom Amount
Make sure you have at least 15 SP left on your account.