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RE: Introducing the Steem ENS service - Learn how to get your Steem-branded ENS name!
This seems pretty cool.
Mind some rapid fire questions?
- Do you only vote on one project's post a day? If so, how do you choose who to vote for? If not, how do you ensure your VP stays high enough?
- What if no projects are posting anything, any plans on what to do with your unused VP?
- How is this more beneficial than delegating to a project directly?
- How do you plan to stay financial stable? $5 a year per domain, but you're only getting delegations, how do you make money?
- Can one person delegate in multiples of 150SP to vote for more than one project?
Thanks, hope I didn't bombard you too bad with those :^)
Hey there, good questions and sorry for the slow response! Let me try to answer 1 by 1.
Yes, that is the intention. You can refer to this latest post on how the vote will be allocated. At this stage I am using SteemVoter to cast votes for projects. I am using SteemAuto to follow curation trails so that I can utilize the unused VP. However, I will stop voting when @steem.ens VP is at 85%. This means that there should be enough VP to support the respective projects. This setup will probably need some adjustment once there are more projects onboard, but for now, it should suffice.
Answered above.
If you just want to support a project, then you should just delegate to the project directly. @steem.ens service's is aimed to lease ENS to Steemians. So you should use this if you want an ENS but do not want to spend ETH to get one. It is just an additional benefit that you also get to support your favorite project at the same time.
Frankly, I do not have much hope to make a profit. It is really more of a service that I provide to Steemian. In the ideal situation, I should be able to get enough curation rewards to offset the cost. Curation rewards is roughly ~8% yield at this point. I bought 24 ENS domains for this so far, which is $120/year. This means that I will need $1500 worth of effective SP to breakeven. So it is pretty much a long shot :)
Yes! I will be announcing this pretty soon. Basically @steem.ens will allow ENS sponsoring. For example, if I delegated 300 SP to @steem.ens, I will be able to get 1 ENS name of my choice and sponsor another Steemian an ENS.
Thanks for the answers! Looking forward to seeing how this all develops, I'll keep your project close in mind for the future :^)