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Community Coins & Tokens / [ANN] Van Kush Beauty Token - VKBT - SMT on TribalDEX/HIVE
« on: July 21, 2022, 04:22:30 AM »This is the beginning of the Van Kush Beauty Economy. Around 9:30 PM CST Monday night, we launched the Van Kush Beauty Token (VKBT) on HIVE-Engine or TribalDEX, they are the same for anyone new to this. VKBT is a Smart Media Token (SMT) and a ScotBot. This means it works just like HIVE, or STEEM, and you log into your HIVE account to access this Token. Distribution will begin this coming Monday, 7 Days after Launch, and the Curators/Stakers will see income every Day after that, anyone who Stakes after that will also have to wait 7 Days.
We are listed on TribalDEX
https://tribaldex.com/trade/VKBT
You can ask Questions in the #R2Cornell Discord Chat.
https://discord.gg/afZmwDxfVD
Van Kush Family Twitter
https://mobile.twitter.com/VanKushFamily
VKBT Block ExplorerTo get started, we suggest everyone first make an account on Hive.blog then go to Hive.vote and log in to follow the DSC-R2Cornell Curation Trail (search for it once you log in and Authorize them to Vote for you); this will make it so your account automatically Votes mimicking the DSC-R2Cornell account on HIVE. From there you can track your balance on HIVE Keychain in the App Store, as well as log in to TribalDEX from the HIVE Keychain Browser.
https://hive-engine.rocks/transactions?utf8=%E2%9C%93&search=vkbt
To start everything off there are a few Admin accounts holding 5,000 each, this will not be sold by them and they will continue to Stake much of their earnings, to keep the Economy moving. The DSC-R2Cornell account has a little over 3,000 and several R2Cornell Admins, as well as people around HIVE, have been given 500 or 100 each, a few have 1,000. This will be how the Economy starts, through these Curating Stakers, who will Distribute the Token through the ScotBot (based on your HIVE account Votes), the receiving accounts can then Stake, Sell or Buy more. There will be 1 Token added to the Rewards Pool per Minute, for a Total of 1440 VKBT Minted per Day, shared between everyone, mostly going to Curators who will Stake most of it. The Goal for everyone will be to Buy in to Stake like them, and everyone should be able to Sell the Rewards like Interest, always hold a Stake and always earn. You can Withdraw the Total amount you have Staked, it takes 30 Days and you get 1 installment per Day, allowing you to decide if you want to only take out a few 30ths of your Total and keep the rest while it is being Unstaked. You can read more here:
https://blurt.blog/blurtdallas/@vankushfamily/vkbt-rewards-pool-is-active-on-hive
To earn VKBT you post on HIVE using the Hashtags #VanKushFamily, #R2Cornell, #ProofofBrain, #Actifit or #DTube then receive a Vote from anyone Staking VKBT, you will then receive a portion of the Daily Rewards Pool based on the number of VKBT held by the Voter(s). We will also be Staking HIVE, BLURT and STEEM (as well as Tokens like ours) with Market Income from VKBT, so will expand the rewards to include the Platforms themselves, and all of them, with a lot happening on BLURT involving both the Van Kush Family, and R2Cornell Team. This will be centered for the Van Kush Family operations around Dallas, TX, and we will be on the ground bringing people in, as well as teaching people about Blockchain, and onboarding Influencers and Businesses to create their own Tokens. We will be teaching everyone how all of this works.
Structuring the Market
Here is how this works with the DEX
https://blurt.blog/blurtphoto/@punicwax/buy-walls-and-sell-walls
VKBT,
Buy Low Sell High.
I will be writing extensively on this subject in various Blogs, and threads designed for VKBT Discussion, but I will start here with Speculative Discussion, so everyone can understand how this works, I will add a Warning here as on the Blog, for those who may be reading this for guidance with VKBT.
THIS WAS WRITTEN BEFORE THE REWARDS POOL WAS CREATED, DO NOT USE THIS TO DETERMINE THE EXACT AMOUNT OF VKBT IN CIRCULATION ANYWHERE.
If we use our 100,000,000 Token Cap, stick to that, and keep Daily Token Production at about 200-1,000, this creates Rarity. If we just did an ICO the way this would work is we would offer the Token at a Price, and make Promises for how the ICO Resources gained would be put towards the furtherance of Project Developments, etc. That is present here, but we are not doing a Traditional ICO, just a Token Sale. Our Tokens are listed for Sale, there are maybe 15,000 you can purchase for between 0.3 and 0.9 HIVE each.
The primary question on any Buyers head should be "What value do these Gain if I Buy them?", So let's get in to that.
We will Distribute 5,000 Tokens to Several Admins, and 1,000-3,000 to others for Curation, as well as a number of 500 and 100 Token Distribution. Each person who Stakes will earn more, each person who Sells Low (as in starts listing theirs the cheapest so as to get it Sold) is simply providing others a chance to get a Discount. If you want to match the Production of an Admin, you can Buy Thousands of Tokens. You can be like a VKBT Admin simply by creating your own Space in the Economy.
Having a Daily Token Production Rate of 200-1,000 we are keeping the Pool of Rewards Slow and Steady, so what I suggest, is to watch the Market. If you see the 15,000 we listed for Sale drying up, you should start listing your Rewards higher. If i Sell for 0.3 to 0.9, you should buy those up and Sell them for 1, 2 or 3 HIVE each. You Buy what is there Low, and List it for Sale Higher, you can actually build a Price that way.
But,
I want everyone to Start by Staking, if you want to undercut the Price and Sell cheap, that's fine, someone else can get those from you. But when you Stake it, you might get 1, 2, 3, 10 Tokens a Day, or every few Days, so if you take your 100, 500, 1,000, 5,000 and you Stake it, now it's locked away, if a few Stakers want even more to Stake, they can Buy whatever is being Sold. Then I suggest taking your Earnings, and Listing it for Sale at Higher than Market Value, you set your Earnings for Sale at 1, 2, 3 HIVE each, that way when all the way extra is bought up that I put out, the Price is already ready to go up. And if everyone uses this Model, always trying to Buy from those Dropping it down, and listing everything you get at Higher than Market Value; we could technically get this up to $5 or $20 per Token, as there will be plenty of Literature so that everyone understands the Steady Slow Rate of Daily Token Production.
So this is put simply, the "Buy Low, Sell High" Concept, but where now you understand you can Buy up all the extra laying around, and put it at a Higher Sales Price, or better yet, lock it away as Stake, and Sell the Earnings for higher. We will have the Admins never cash out the Initial 5,000 unless there is absolute reason or we are at a point where it won't effect anyone, the Admins will get to Cash out and make Money, we just won't have them dumping on everyone.
We will also be Greedy with our Token, and talk about it. We will make kind of rude comments to Sellers undercutting, not directly, just on the Forums and everything, saying "Sell me your VKBT, you don't need it" particularly if we ever have a massive Price drop, like the BTC $50,000 to $20,000 Drop, that will be when we come in and get more of our own Tokens than we ever should have. We will Buy up our Tokens as they are dropped. We aren't making a Coin, and showing Fancy graphics asking just everyone else to Buy. We use Proceeds to Buy BLURT, STEEM, and even other HIVE Tokens, then we come back and Buy up all ours, and tell you to Sell what you Earned from our Votes, and Buy ours Cheap, and Sell High.