Now that the airdrop is mostly done, the question for some people will obviously be; “should I sell my tokens”? This short term thinking is what I think still is the major symptom of the crypto currency space. A symptom coming from the mental state of short term profit thinking from people who are not good at planning ahead. In biology we call this R-selection.
r-selected species are those that emphasize high growth rates, typically exploit less-crowded ecological niches, and produce many offspring, each of which has a relatively low probability of surviving to adulthood (i.e., high r, low K).
Rabbits would be a good example of an r-selected species. But it could go even deeper than that; Inter-species genetic selection. This means that there are certain genetic markers that make people express more or less short term or long term behaviour. So an example would be why someone spends the entire summer harvesting berries, catching game, fishing and chopping wood – whereas others don’t. This could be explained by several genetic and environmental factors. To survive harsh winters in Scandinavia, people HAD to chop wood. Other places on earth where resources were more or less in abundance, this could have disincentivized the ability for these people to plan ahead and think abstract.
And in Crypto I see the same behaviour. Inexperienced young people only thinking one step ahead. And misunderstand me correctly. This is GOOD. It is good for us who think long term. First of all we need these people to help price discovery. And in a market there will be winners and losers – and for some to be winners, we need some losers. That does however not mean (like many seem to falsely believe) that economics is a zero sum game – it is not. How could you then explain why everyone’s standard of living has continuously raised throughout history? Nice..so now you’re at least not communist anymore. But you could still be a fool in smaller markets where there definitely are winners and losers short term.
First I will give you ONE good reason not to sell, that is not based on anything else except psychology.
Your Trybe tokens are right now probably worth something between nothing and a few hundred dollars – depending on how much you have earned. If you live in India and desperately need 20 bucks, sure sell. But for anyone else – question yourself how much is this money worth to me right now, and what is the potential upside? There will be 1 Billion Trybe tokens and if we hit Steemit’s success at peak in the next bullrun each Trybe could be worth as much as 0,5-1$. Imagine then having 10-20k tokens. THAT could potentially change your LIFE. Your children’s life. I’m not saying that will happen, or that I think it is even likely. But THAT potential outcome long term compared to buying a bottle of beer short term? Everyone remembers Bitcoin and the famous pizza right? At some point we will see this happening again. Is it Trybe, is it Boid, is it EOS, is it Steem..who knows..but at some point you hit the jackpot..IF you think long term.
Then I will give you some reasons based on facts
1. Quality Content
Trybe aims to provide quality content. Articles can be instantly posted to one’s own profile, but to appear on the public site articles must be reviewed. This, combined with the future implementation of a cost of 100 TRYBE tokens to post on the main Trybe site will help prevent spam. People will invest in their own articles.
Primary editors (people who have earned over 20,000 tokens as well as being regular contributors to the community in form of great articles) is one thing. But there will also be a ranking system for those who are not primary editors. There will probably be 8 tiers based on how much Trybe you are staking. Also, reaching a new rank could potentially unlock features and some rewards if the team want to implement that as well.
3. Vanity Sub-domains
During the token sale Trybe will start to sell vanity sub-domains in an auction that I think will look a bit like the EOS account name auctions. The reason for this is because users will be able to create sub-domains and receive web hosting by paying a fee in TRYBE tokens. These will be standalone websites where you can allow users to post on their sites with sign up process etc.
Trybe will have two forms of advertising. Native advertising and BAT and Brave Advertising. Native will mean boosted posts (10% of posts that you see on the page) and option not to see advertising at all by paying a monthly subscription fee.
BAT and Brave Advertising
Trybe will integrate with Brave and BAT to allow users to have full control over the type of extended advertising they want to see on the Trybe platform over and above our native boosted post system.
5. Token Sale Bonuses and Affiliate Bonuses
Read the white paper (linked below) for more information on the details, but basically there are cycles (period bonuses) being paid out to top 5 contributors as well as All time top contributor bonuses. There are also affiliate bonuses.
6. Staking Reward
The minimum time that tokens can be staked is 30 days, and it will take 3 days to unstake tokens when the user wishes to do so.
From the inflation, those who stake their tokens will be paid using the following formula:
If 50% of token holders stake, then 25% of the inflation will be paid to stakers. If 100% of token holders stake, then 50% of the inflation will be paid to stakers etc.
Integrate with other dApps
Paid Content Proposals
Users wishing to market on Trybe will have the option to make paid content proposals to the community. These will be individual content creation jobs that users can bid on and be chosen as a paid content author by the advertiser.
Trybe will offer users the ability to charge directly for their content. This could be in any number of different currencies. This would allow users to create content more similar to an online course that they would then be able to charge directly for.
Premium Features on Sub-Sites
Offer a range of premium features on sub-sites, such as more layout options, themes, or plugins such as shopping carts or event calendars. These would be charged for in TRYBE tokens.
Offering “Custom Tokens” to Users
Once users have created and customised their sub-sites to the point where they are now fully-fledged websites, rivalling features such as those offered by Wix or WordPress, we will offer users the ability to create their own custom tokens, which they could use for rewards and tokenization of their own services.
Oh, and did I mention the growth?
This article is not made to pursuade you into holding the tokens. But I really want to share my experience. I am an actual adult who has been in this space for quite some time as well as having investing experience before crypto currencies. I am not a financial advisor, nor should you listen to me AT ALL (you know the drill) but what I want to shed some light on is the rational objective facts here. Look at what these projects are trying to do, count your tokens right now and realise that they are not worth a whole lot – but imagine how much they potentially could be worth if this project really succeeds. And right now in EOS, I am actually seeing several projects having the potential to actually achieve success in the long run. So think risk/reward here. How much are you risking by holding your tokens, hanging out in the community, sharing great articles. With long term thinking behaviour you will realise that this way of thinking gives you not only opportunities in the form of token value – but in many other forms (social, knowledge etc) You are participating in building the future online communities – instead of being a short minded greedy peasant that sees an iphone he really wants and then throws everything he has in his hands to satisfy his short term greed.
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