You know it would be interesting to issue a second token say called WAX - whatever you want that goes with faucet/pollen whatever earned HNY.
Then basically construct a value from the wallet HNY and WAX called STAKE = HNY/WAX and force this to be > some MinimumStake and < MaximumStake (say 1). The idea here is if you sell your Honey and want to hit the faucet again - you only get STAKE x FAUCET - same with LP rewards - when you want your LP rewards you get STAKE x LPDRIP amount of DRIP.
My ideal is that this STAKE is determined by the minimum amount of STAKE you had during say the past month or so and using this value to scale rewards encouraging people
- To hold Honey for long periods and to maximize their STAKE to get anything out of community LP, faucet and possibly other rewards.
- For new people to earn WAX with their HONEY (and not just buy in) to improve their STAKE value above the minimumSTAKE everyone getsâŚ
- As one earns more HNY and WAX there is additional incentive to maintain STAKE and not sell HNY. But people have to earn so certain contributions will always earn full HNY - say sourceCred or proposal work. It is just the LP, and faucet and other easy rewards that should have this stake as a key metric for how much of what someone should get is adjusted.
WAX effectively is used to track how much HONEY a user has been given/earned relative to how much they have sold and hence creates the STAKE percentage defining their âinvestment stakeâ in the community based not just on how much WAX they got (work or other) but also how much HNY they have left relative to the amount they got.
This is an idea I have been toying with ever since carl in r/ethtrader with DONUTs created our vote=minimum(DONUTS, CONTRIB) where posts earn DONUT and CONTRIB where CONTRIB is a non-movable token and DONUTs are the value token that can be traded and exchanged for value.
There are some issues with this STAKE model regarding people doing work needing to sell HNY to live (no-one can maintain a full 100% stake expecially the serious contributors) so one can just alter the STAKE minimum based on the amount of WAX - anyone with over like 10 or 100 WAX basically gets a higher STAKE min