Project Information

Company name: not yet formed

Place of Incorporation: not available

Token name (if applicable): ActnEarn

Token Type (ERC20, Steem-Engine, etc.): Steem-Engine

Market

Our introductory post, that we posted 9 months back, still explains our grand vision:
Act and Earn : Help Build a community of doers

We have observed that adoption of crypto dapps and projects similar to it are very low as one can check at State of the Dapps. Except few dapps almost all dapps have less than 1000 users. However amazing and revolutionary the technology and concept may be, without users using them the value of it shall not be realized. The growth of users will come only when these projects are visible but users are currently more immersed in conventional social media platforms.

Therefore, our immediate objective is to build a network of micro-influencers who are active on conventional social media platforms like Twitter, Facebook, Youtube etc. These influencers will be incentivised by our ActnEarn tokens to use their influence and promote crypto projects to their network. By doing that they will earn ActnEarn rewards. Dapp owners will buy their influence by rewarding them in ActnEarn tokens through upvote, delegations, and direct transfers.

Core Team Details

@prameshtyagi is CEO of the project.

Pramesh Tyagi has done his M.Tech. in Applied Geophysics from IIT Roorkee in 1993. He has 24 years of experience. He has held a series of increasingly responsible positions as a Geophysicist, business development manager, business manager, and country head. He has international experience as has worked in Egypt, USA, and India offices of Schlumberger, a world leader in oilfield services, for 16 years.

Since 2017, he has been extensively studying, researching, analyzing, and blogging on Steem about blockchain, AI, and crypto related projects. His company ShilazTech is working on some cutting age research projects with Santiment, a blockchain data harvesting dapp on Ethereum.

Recently, in order to contribute to the crypto ecosystem he has started a crypto dapp on Steem blockchain named “ActnEarn”. It helps people to monetize their social media influence while aiding the growth and adoption of crypto ecosystem.

Regarding other team members - he believes that if one has to fully utilize the benefits of blockchain based businesses then there is no need to have a formal team. Therefore, he would prefer to use or collaborate with resources available within Steem Ecosystem. Currently he is taking support from Steem-Engine team. Negotiations are on with various parties to be part of founders and early investors.

Minimum Viable Product

The MVP for the project is ready and live. Our webapp can be accessed from our ActnEarn. Below are links to our key channels:
Steem Twitter Facebook Linkedin YouTube Instagram SkorrDiscord

Business Strategy

Our business strategy is very simple.

1. Grow our network of micro influencers
2. Find promotional campaigns from crypto projects and get paid in crypto
3. Run advertisements on our website for crypto projects and get paid in crypto
4. Any account that holds >100K ActnEarn is automatically eligible for free promotion through our network
5. Use above crypto earning to support and grow prices for ActnEarn token

Currently we have no plans for fiat revenue strategy.

We will have to buy Steem from our crypto earnings to support the ActnEarn prices. Thereby increasing the demand for Steem.

We have 10 token per month per SP reward for our delegators and we would like to extend same to Steemit Inc. But we are also open to discuss any other financial arrangement with Steemit Inc.

We expect to grow to reasonable size, minimum 1 million effective followers across our various channels, in a year time in order to be financially self sustainable. In case the delegation is removed before that then our growth rate will be affected. All followers of our dedicated micro influencers are effective followers for us.

KPI Progress Measurement

KPI1 description: Measure Growth of Effective Followers and of our Social Influence on SKORR Platform
KPI1 target: Effective followers, skorr, engagement, posts, likes, shares, comments, followers, audience

KPI2 description: Crypto Campaigns Completed and Rewards Earned
KPI2 target: Crypto Campaigns Completed and Rewards Earned

KPI3 description: Measure Growth on Scot.Todayand SteemEngine
KPI3 target: Holders, Price, Volume, and SteemP Balance

Token Offering

Token Launch date: 17 May 2019

Total Token Supply at launch: 500mn

Fundraising target (in order to fund expansion into the operational / project growth phase / mass market adoption): 200kUSD

Yearly inflation: Starting inflation is 10.5% and then reduces by 0.5% each year.

Percentage of total token supply that will be airdropped to ALL Steem stakeholders (a/k/a SP holders) in proportion to their SP: Nil

How many tokens will you offer Steemit Inc. in exchange for the delegation? 10 per SP per month

Do you plan to launch an IEO, ICO, or other public token offering? No

Do you plan to raise money from other investors? Yes

What is the vesting period for the following:
Founders : 1 year
Early investors: 1 year
ICO investors: Not Required

% token distribution to:
Founders: 10
Early Investors: 10
Developers: 10
Marketing: 10
Market Makers and Exchanges : 10
POA rewards : 50

Delegation Request

How much of a delegation are you requesting? Limit your requests to one of the three tiers: Mid–Tier.

Specify the desired time frame for the delegation in 6 month increments: [E.g. 6 months, 1 year, etc.] 1 year

Which one of the following answers best describes how the delegation will be used to add direct value to Steem: C
A. It will be used to create new accounts
B. It will be used to give new accounts 15 SP to give them the resources needed to use Steem and purchase goods and/or services through our platform
C. It will be used to incentivize the creation of content that promotes Steem and Other Crypto Projects on external platforms
D. It will be used to provide limited trial or discount services to clients to encourage them to hold Steem and delegate in the future

We agree that our business will continue to leverage the Steem blockchain as long as we are receiving a delegation and as many years as delegation was active following the removal of the delegation. During this time we also agree to promote the Steem blockchain as a valuable technological protocol that delivers unique value. We are willing to sign a legally binding contract with Steemit, Inc. to this effect.