Time for some feedbacks. The raffle has been used by more

Question

Time for some feedbacks. The raffle has been used by more

than 400 community members in the past few days and it has been the biggest successful raffle to date.

Since I'm reviewing and finishing the design on raffle v2, it would be great if you can provide me with your feedbacks.
For starter I have a few related questions to ask that their answer will help me with tokenomics and mechanism of v2.

Before getting to the questions, I should say that I've donated the service fee (5%) of all EF raffles to date, also the same for some most important and valued ones for the community. I'll do the same for this raffle. So, the question is not about it, think bigger.

The questions are
1- how you justify having a 5% fee for the raffle?
2- question 1 again, while you know that the service is open and free to use and you do not need any specific token/privilege to create the raffle and there has been no token sale or side-revenue from it. Then what if raffle v2 has some sales?
3- Should the raffle service refund EF/community service fees?
4- If EF/Sigmanauts have X% of raffle v2 tokens (and it means X% of any revenue), how you justify having X% service fee? e.g. EF/Sigs have 5% of tokens as donation, and the service fee is 5%? Any more discount/refund is needed then?

is here the best place to ask them?

#cryptocurrency #english #ergo

0

02.03.2024

4 ответов

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DiscordBridge

[doomtroll] Appreciate you donating the service fee, thank you

0

7 месяцев назад

Viliam Kkmm

DiscordBridge
[cannon_q] Good set of questions. For the projec...

5% is pretty fair if used for Ergo development.

0

7 месяцев назад

Chris Ray (Won't DM First)

1. Justifying 5% Fee can be viewed as continuing support and development, even if that support is just infra cost or continuing to deliver exposure - maybe paying community relations rep? 2. Same as above. 3. I recommend sending that to a thoughtful Community vote, I would think it could be based on what the EF used the service for and could be implemented through Sig vote each time maybe? 4. Complicates governance of discounts and rewards for sure, raffle has been mainly used as a charity tool and 10% service fee is not too much to sustain an organization, if hypothetically it cost 10% for the platform to continue to be utilized as such I don't see that as a problem if net benefit is success and growth to continue providing crowdfunding where community is willing to pitch in, however I do not see a reason for continued discounts where the effort to produce such a platform should be rewarding the builder through its design. Asking here is a good way to buidl in public. For a quick comparison - In my fiat mining career of construction in Energy the goal is to maintain a 23% Margin in the division I am in, there are times we can hit 30+% Profit - it is a design to support growth and longevity, it imo is not greedy, so is 10% too much - the community will use it or not, Sigmanauts/EF continue to put treasury toward good causes so I don't see a problem in the near future.

0

7 месяцев назад

DiscordBridge · Accepted Answer

[cannon_q] Good set of questions. For the project I'm trying to launch, the fee will be around 5% (standard in that market is 10%+ so not exorbitant). I'm considering the following splits for that 5%: 1% to devs that built and sustain 1% to Kushti new Dev DAO 1.25% to project DAO (expecting to have dividends down road) 0.75% to Sigs 1% to team to cover cost with building the project, once covered this 1% goes to project DAO. Additionally, 5% of tokens for DAO will go to Sigs, EF and Kushti Dev DAO. I like the leadership Rosen and SPF had re: project tokens. Bottom line I'm trying to respect the past and pay it forward

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