I'm just a moderator and I don't know the full functionality there, but basically - we fund accounts regardless of how much the post will earn. Before publishing we provide editing to introduction posts so they look better, so usually it's enough for covering full cost of the account. Even if it's not - we have some resources to fund the rest of it. If it earns more - the rest is sent to the author after his account is made and after the payout of the original post. Maybe @santarius can elaborate more
Oh OK, that isn't clear on the website - unless I mis-read it - as it states that after 7 days the new users gets all the author rewards sent as a transfer. I'll re-read it.
But the way you stated it above sounds reasonable; you need something to make it self-financing beyond the initial wave of enthusiasts.
It is up to us to decide whether to open an account before raising funds, but soon we will not need to spend any STEEMs, because there are plans to do something like that:
I and @nicniezgrublem are responsible for steemfounders. Updates should appear on your @steemfounders account. I also encourage you to follow our Witness account: @wise-team
Thanks, just had a look. That's (almost) exactly what I had in mind. is very new, with just 21 new users going through the process.
My question is: how is it sustainable without investment? I see buttons for transfers, but my model requires very little initial SP.
I'm just a moderator and I don't know the full functionality there, but basically - we fund accounts regardless of how much the post will earn. Before publishing we provide editing to introduction posts so they look better, so usually it's enough for covering full cost of the account. Even if it's not - we have some resources to fund the rest of it. If it earns more - the rest is sent to the author after his account is made and after the payout of the original post. Maybe @santarius can elaborate more
Oh OK, that isn't clear on the website - unless I mis-read it - as it states that after 7 days the new users gets all the author rewards sent as a transfer. I'll re-read it.
But the way you stated it above sounds reasonable; you need something to make it self-financing beyond the initial wave of enthusiasts.
It is up to us to decide whether to open an account before raising funds, but soon we will not need to spend any STEEMs, because there are plans to do something like that:
However, at the moment it is only a plan ;)
Hi @santarius, that's cool: opening it up to anybody :-)
What is the undelegation protocol? Need some exit rules if the new user leaves or stops posting.
Thanks for the info - that is now very close to my own idea :-)
What account do I follow to watch this be implemented?
I and @nicniezgrublem are responsible for steemfounders. Updates should appear on your @steemfounders account. I also encourage you to follow our Witness account: @wise-team
And Merry Christmas :P