Proposal to top up the faucet

I think the faucet attracted the majority of the user base and even though it is paying under $5 since a week or two, it still manages to bring so many new users in. We should not allow the faucet to drain or get to a point where it pays under $1.
I find $3-$10 a very generous amount, a magnet for new users and I think we should somehow keep it in that range.

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So you propose to give out the same amount of HNY pegged to an amount in xDAI. For example always paying out 5$ in HNY regardless of the price? Without any dropoff? We would have to do restructuring of the faucet I suppose, as it would mean that we can’t take 5% of the faucet on every distribution as we do now.

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Great proposal @Rayne! A little top up would be nice as we are growing incredibly fast as a community. I remember it was like 18$ first time i registered to the faucet, which was really generous. I was hooked since then and i’m very glad that i decided to devote time to learn more about 1hive. I voted for 15$ and 18,75$ per week. :+1:

Same thing happening here that there is someone who maybe sending bots to vote for highest option like we had on proposal for pollen distribution.I really don’t know but maybe to top up a faucet just a little because now its roughly 3k signed people whos claiming from faucet every two days.Like I saw few days ago when was faucet claiming peiord was I think more then 40-50% of people sell it right away they just interesting to claim some honey/sell and kaboom out from here.They are not interested in the project at all.

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Hey, yeah I noticed that some of the votes are from fresh accounts who havent really contributed. Same issue like before with the pollen poll. And to your second point, I wish there was some number somewhere where we could see how many users immediately sell the rewards from the faucet. In the post @onbjerg linked above, about improvements to the faucet, we are talking about ways to have this sell of happening, occuring less for example.

If we had some overview of how much honey was swapped for some other coin in that moment that would be then different story and everything would be clear.

yes indeed,it needs total restructuring ,but this action would stabilize the price on the long run while keeping the same value for faucet collectors

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I think the best way deter from selling the faucet reward is to have meaningful proposals on the low end users of honey. I mean ppl who vote with their 0.01 HNY as opposed to ppl who seem to have votes worth 40. More 0.5 HNY votes which have positive impacts on the community.

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Good initiative we are receiving less almost just 0.0016 today :frowning:

Nothing has changed for the moment, therefore as new people join the faucet you will get less and less.

Yes that’s true, I also think something should be changed

As I commented in one other topic about implementing lottery system.I think something which can be in positive way for all of us is that when person enter on faucet you can decided you can clam or enter in lottery with buying lottery tickets which could be in some way a little bit expensive like 5-10$ per ticket.Every time someone buy ticket that honey goes directly to pool for faucet and its creating some type of ecosystem there(automaticlly topping up faucet).

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Alright guys! The top up proposal is live! https://1hive.org/#/proposal/21. See the edit I made on the main thread.

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Nice job @Rayne!
ill be supporting the proposal later in the day.
Kinda sad seeing the new accounts trying to rig the poll, didnt work though :joy:

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Great. Just pledged my support.

A lot more is needed in order get through :slight_smile:

3.91 HNY from 123.52 HNY

Get to work :honeybee: :sweat_smile:

can we vote if we have all HNY staking in pool

No, you will need HNY tokens in your wallet.

When will this happen sir ?

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