For those of you that follow this blog, you'll notice that I've resteemed a couple posts from an account called @steemcityniigata.
Steem City Niigata (SCN) is a community account for the new influx of Steemians residing in the Niigata City area, here in Japan.
The feedback, criticisms, and support on the first post from the account were tremendous. It is my hope that many similar groups/markets will start up in various other communities.
WHAT IS SCN, AND HOW DOES IT WORK?
- SCN is a group account, allowing any Steemian in the region to utilize the posting key in order to post or resteem his or her content, or that of fellow Niigata Steemians. Its purpose is to serve as a mini-community, free market hub for networking, community building, skill-sharing and support both online and off for Niigata-based Steemians.
SCN pays out the liquid rewards (SBD) garnered by the posts on the account every 7 days to those Steemians who have independently invested SBD into the account, proportional to the user's respective SBD vest.
Non-vesting Niigata Steemians can use the account to make a maximum of 2 posts or resteems a day of their own, or fellow Niigata Steemians' work, as long as there are no double posts. This will allow new Niigata Steemians to garner more visibility for their posts, personal accounts, and content. When making a guest post, Niigata Steemians will simply mark the post with their initials and/or username.
Steem Power is owned in proportion to independent users' vests. For example, If I invest 40 SBD, and another Niigata Steemian invests 60 SBD, I will have claim to 40% of the account's total SP, and the other user 60%. At the end of every 7-day cycle, I will be sent 40% of the liquid rewards (SBD) from posts on the page, and the other user 60%. A weekly accounting post from the SCN account will be issued. As usership/investment increases, these percentages will naturally be smaller and smaller. This method incentivizes "competitive investment," as one user holding a huge vest will result in that user having a huge claim on total Steem Power of the account, incentivizing other users to "up the ante" which results in the page gaining even more financial influence here on the interface. Meanwhile, late investors lose out on the time resource early investors enjoy, of being able to dispose of their shares of liquid rewards, and the account's additionally garnered (post-investment) SP, in whatever fashion they choose.
As noted above, any user may remove his or her share of SP at anytime via a power down of the proportional amount. The scheduling of this will have to be coordinated as power downs take time.
If you have questions, comments, or criticisms, please consider joining the Steem City Niigata DISCORD CHAT CHANNEL. Details on how to invest, utilize, and post to the account, as well as working out scheduling for the upcoming meetup will be held here.
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~KafkA
Graham Smith is a Voluntaryist activist, creator, and peaceful parent residing in Niigata City, Japan. Graham runs the "Voluntary Japan" online initiative with a presence here on Steem, as well as Facebook and Twitter. (Hit me up so I can stop talking about myself in the third person!)
