What Is TheWaterProject Token's Faucet Pool?
In conjunction with TheWaterProject Token, this post is to announce the creation of a faucet pool, in which value will accumulate for participants in The Water Project Donation Fund. It's objective is to provide an ongoing incentive to donating participants in this project. It's intention is to provide some form of demand for the underlying token assisting the project.
This pool will be an ongoing accumulation of allotted final reward value that is derived from posts dedicated to #thewaterproject. All funds in this pool will be designated to reward holders of TheWaterProject Tokens.
On a regular basis, when the pool hits a certain level, it is my intention to author posts that will distribute some or all of the funds to token holders who participate by commenting with their Waves address which will be used for verification purposes. Tentatively, the distribution level will be set at 10 SBD. When the pool nears this level, I will author a distribution post for token holders to participate in. The funds will be distributed proportionally on the basis of token holdings based on those participating in the reward post.
For example, imagine a scenario where 10 SBD is being distributed and only 4 token holders participate with holdings of 1 million, 2 million, 4 million, and 10 million TheWaterProject tokens. As such, the allotted faucet distributions will be 0.588 SBD, 1.176 SBD, 2.353 SBD, and 5.882 SBD respectively.
