First Round Delegation Renewal Application
- This deals with delegation RENEWAL applications only. NEW delegation applications and instructions will follow at a later time.
- The due date for RENEWAL applications is 23:59 UTC, September 2nd, 2019.
The Delegation Trust team is excited to kick off the first round of delegation renewal applications. If you have a delegation you'll need to complete this form by September 2nd in order to be considered for renewal. Failure to apply will likely result in automatic termination of your delegation in its entirety.
This post is following the spirit of, meant to be read in conjunction with, and referencing the original @steemitblog post which describes this committee and the process for delegations.
While we will do our best to create objective measurements as to the effectiveness of a delegation, the decision to recommend Steemit Inc. makes a delegation remains subjective to the individual members of the committee.
This Round is the initial round and slightly different than later rounds
The delegations that have occurred to date didn't go through the delegation application process. As a result we incorporated the questions that new delegations have to provide into the delegation renewal process in this first round. Those projects seeking delegation renewal need to complete these questions for this first round by September 2nd.
Delegation renewal applications in the future will be substantially shorter and will require a link to the initial application and submited answers to just the Renewal Questions: Impact to Date.
We will update the much shorter renewal application questions for the next round.
Illegitimate Use of Delegations
Delegations must not be used to enrich the recipient of a delegation through upvotes (aka “self voting” or purely by means of beneficiaries gained through the use of a project’s platform).
Projects shall not use the delegation in any exploitative way that is detrimental to the Steem community, such as to grow a community, product, or application and then cease to leverage the Steem blockchain.
We are adding here that delegations must be used for their intended purpose. Delegations are being granted for a specific purpose. Deviation from the stated plan will result in delegation termination warnings and finally termination. Delegations can be used for new purposes with prior approval from the committee without a lapse in delegation by submitting a Delegation Alteration Application (to be created later).
Legitimate Use of Delegations
- Account creations
- Incentivizing users for the purpose of growing the Steem user base
- Incentivizing users for the purpose of increasing revenue which is then powered up
Here's the most simple question that we need to affirm before approving a delegation. Will you provide more benefit to the ecosystem than if we were to make burn posts with that same amount of delegation? If your project can't outpace "burn posting" in value added to the ecosystem then you are unlikely to receive a delegation.
(A burn post is when a post is created, votes are received, and all SP rewards are powered down and burnt, and all liquid rewards are immediately burnt.)
If any question is not clear we request that you do 3 things:
- Post your clarification question in the comments below referencing the question number of the application.
- We will soon release a video walk through of this blog to help clarify what our intentions for each question are - please make sure you watch this.
- Attend our townhall forum for delegation renewal applications, time and date to be published once we have the first round of clarifications in the comments below.
Initial Delegation Renewal Form
Each project which has an existing delegation shall fill out the information in the below form and post to the tag #delegationrenewal
Each project shall also fill out the same information in this Google form:
Provide the transaction ID and image of the application fee (Test: 40 SBD, Mid: 65 SBD, Top: 100 SBD) to have your application reviewed.
Please limit your responses in this section to 140 characters.
Place of Incorporation:
Token name (if applicable):
Token Type (ERC20, Steem-Engine, SMT etc.):
Project Type (for profit business, flagging project, community, others please specify)
Existing Delegation Received
When did you get the delegation?
Under what terms did you receive the delegation?
What was the intended purpose for the delegation?
How have you applied your delegation for that purpose?
How long are you requesting the continuation with the delegation?
Please limit responses to 300 characters.
What problem is the product/project solving?
Core Team Details
Please limit responses to 500 characters for each team member.
Write short summaries about each core team member including their achievements to show they have a strong track record. Add links to their LinkedIn profiles to this section.
Minimum Viable Products
Please limit responses to 500 characters per product.
Provide links to your minimum viable products and describe it. If it is not available, please describe it and include how you plan to build it and when it will be built.
Please limit responses in this section to 250 characters per question.
Fiat Revenue Strategy: [E.g. We plan to sell NFTs which represent in-game items for US Dollars]
Fiat Revenue Projections in $/user every month: [E.g. $10/user]
How will your business strategy increase the amount of STEEM being powered up and/or burnt?
What financial incentives are you willing to provide to Steemit, Inc. and/or the Steem Community in return for the delegation? i.e. What's your skin in the game? [E.g. project tokens, revenue-share, etc.]
(Without a return there's not a partnership, it's simply a contribution, and one that's easily left behind. In order to encourage businesses and communities to commit to the Steem blockchain and ecosystem long term there needs to be both a contract and a mutually benefical partnership.)
Are you or how will you become financially sustainable once the delegation is removed?
KPI Progress Measurement
Please limit each KPI description in this section to 100 characters.
Suggest at least 3 KPI’s per project with which to measure the progress of your project(s) in its(their) current phase. KPI’s must be measurable and objective (a percentage or numerical value), or binary (yes / no or completed / not completed).
- KPIs are to be reviewed and evaluated by the committee in the next quarter.
- KPI descriptions shouldn't change without a change request form.
- Targets will be adjusted every quarter in future appliction.
- Refer to this post for sample/suggested KPIs.
Token Offering (If Applicable)
If you are planning on offering a token, please fill out details below. Otherwise, if you haven’t tokenized, but still provide a service, please describe the service and the amount of that service that you’re offering to perform for Steemit and/or the Steem community in exchange for the delegation.
Please limit responses to each question in this section to 10 characters.
Token Launch date:
Total Token Supply at launch:
Fundraising target (in order to fund expansion into the operational / project growth phase / mass market adoption):
Percentage of total token supply that will be airdropped to ALL Steem stakeholders (a/k/a SP holders) in proportion to their SP:
How many tokens and what percentage of your token supply will you offer Steemit Inc. / the Steem Community in exchange for the delegation?
Do you plan to launch an IEO, ICO, STO or other public token offering?
Do you plan to raise money from other investors?
What is the vesting period for the following:
a) Team members:
b) Early / seed round investors:
c) ICO investors:
What is the % token distribution to:
If you haven't tokenized, but still provide a service, please describe the service and the amount of that service that you're offering to perform for Steemit and/or the Steem community in exchange for the delegation.
Please limit responses in this section to 10 characters.
How much of a delegation are you requesting? Limit your requests to one of the three tiers: Top-Tier, Mid-Tier or Test-Tier.
Specify the desired time frame for the delegation in 6 month increments: [E.g. 6 months, 1 year, etc.]
Which one of the following answers best describes how the delegation will be used to add direct value to Steem:
A. It will be used to create new accounts.
B. It will be used to give new accounts 15 SP to give them the resources needed to use Steem and purchase goods and/or services through our platform.
C. It will be used to incentivize the creation of content that promotes Steem / your project on external platforms.
D. It will be used to provide limited trial or discount services to clients to encourage them to hold Steem and delegate in the future.
E. Other: Please describe.
We agree that our business will continue to leverage the Steem blockchain as long as we are receiving a delegation and 1 year following the removal of the delegation. During this time we also agree to promote the Steem blockchain as a valuable technological protocol that delivers unique value. We are willing to sign a legally binding contract with Steemit, Inc. to this effect.
Renewal Questions: Impact to Date Since the Start of Delegations
Table 1 (Totals)
|Quarter||Q2 2018||Q3 2018||Q4 2018||Q1 2019||Q2 2019||July 2019||August 2019|
|(1) # Users onboarded||_||_||_||_||_||_||_|
|(2a) Users (Steem)||_||_||_||_||_||_||_|
|(2b) Users (non steem)||_||_||_||_||_||_||_|
|(4) Value disbursed from delegation (USD)||_||_||_||_||_||_||_|
|(5) External Revenue (USD)||_||_||_||_||_||_||_|
|(6) Steem Powered Up (Project Accounts)||_||_||_||_||_||_||_|
|(7) Steem Powered Up (Clients)||_||_||_||_||_||_||_|
|(8) Steem Power Delegated (Community)||_||_||_||_||_||_||_|
|(9a) KPI 1 (please replace)||_||_||_||_||_||_||_|
|(9b) KPI 2 (please replace)||_||_||_||_||_||_||_|
|(9c) KPI 3 (please replace)||_||_||_||_||_||_||_|
|(10a) Steem burned||_||_||_||_||_||_||_|
|(10b) SBD burned||_||_||_||_||_||_||_|
Table 2: Steem Power Delegated Per Client
|Q2 2018||Q3 2018||Q4 2018||Q1 2019||Q2 2019||July 2019||August 2019|
Questions (Where applicable, fill in tables above)
Please fill out the answers to these qustions as best as you can. If it is not applicable to your project please put N/A. You will be asked to upload spreadsheet data in the Google Form, you can clone samples from here: ( Table 1 | Table 2 ).
How many new accounts have been created using your projects' account this quarter?
a) How many Steem accounts are interacting with your project (this includes guest accounts as well as Steem user accounts)
b) How many Guest (non Steem) accounts are interacting with your project
How many impressions is your project getting?
What is the total quarterly (USD) value of rewards disbursed directly tied to the delegation? (can be a negative number of your projects is a flagging project)
How much external revenue have you generated in USD per quarter? Do not count Steem income from curation / voting.
How much revenue have you brought to Steem as measured by total STEEM powered up through your project's Steem accounts
How much Steem is delegated to your project to manage on behalf of your clients? (fill sum in table 1, and show break down by client on table 2)
How much Steem Power is delegated to your project from the Steem community?
For the KPIs listed above, back report progress for the duration of the delegation on a quarter by quarter basis.
How much Steem / SBD has your project burned?
Describe what value the project continues to bring to the Steem community and why the community should continue to support your project?
Describe your project roadmap with expected timelines and milestones.