When we started Yensesa our goal was to build the simplest crypto to crypto and crypto fiat exchange mainly for the Africa community but very basic that anyone anywhere on this planet can use it.
We had two main objectives
- Build something simple and easy to use
- Redistribute wealth (Yensesa Passive Income)
One way we felt we could redistribute wealth, was to allow Yensesa token holders to be able to get content upvote from Yensesa by staking their YENT. During the time of implementation there was only Steemit, but now we have Whaleshares, Scorum, Smoke and many others. We have learnt so many lessons along the line, which has contributed to we rethinking about the value we are offering and improving it.
Few lessons learnt from stake for vote
- Because our stake for vote was daily, many at times Yensesa users are being forced to post at least once a day so they do not miss out. This does not contribute to good content creation and the overall growth of the Steem community or any other future platform we will support.
- The rich is getting the most value and the poor is still poor. This seems natural as that is how the world has made it and what we grew up to know, but we feel we can do something about it. In simple terms, getting in was too high for people will limited capital.
How the new upvote service will solve this issues
- The new service is going to be a discord bot, that you can ask to give you an upvote, when you think you want to. The bot will go and reward your content at a rate of 1 YENT = 1% upvote and it will support Steemit, Whaleshares, Smoke and Scorum for a start.
This means you only need 100 YENT to get a 100% upvote on your content. You will have to send the YENT to the bot in return for the upvote. All tokens sent for upvote are burnt at the end of the month.
We know this rate will beat any voting bot out there and give you more profit. We will be powering up with more Steem, Whalestake, Scorum Power and Smoke Power very soon to make it even more valuable. This rate will never change no matter how much Voting Power we have.
You will also be able to ask the bot what the current voting power is for each platform selected so you know how much you will get per vote/reward.
Once the bot is ready, we will write a details instructional post on how to use it.
In the future the bot will also check for plagiarise content before voting, if not your YENT will be returned to you. ***
We strongly believe that this new system will allow people enough room to write quality content. It also has the lowest but profitable rate for everyone to afford it.
What does this mean to existing stakers
- On 25th October, 2018 all YENT holders that have stake in the network will get their tokens returned to their Yensesa accounts with no fees deducted. Your full YENT will be returned to you and you can then start taking part in the new voting system.
Let us know what you think and how we can keep improving.