Hi guys! There has been several discussions going on related to the faucet, which I wanted to address in this thread.
Topping up the faucet
One of the discussions I’ve mainly been partaking on Discord is on how topping up the faucet could be beneficial to attract more users. When I say bumping up I don’t mean by a substantial amount, perhaps just enough HNY so that each user gets more like 10$ per payout as it might be an attractive incentive for new users.
Changing the claim period?
There also has been discussion going on related to perhaps turning the claim period from 2 days to say 7 days, while increasing the reward. This would means 4 faucet claims per month rather than 15. I personally think that it makes more sense to keep it at 2 days with smaller rewards, as it makes people visit 1hive.org more frequently. Having it be a shorter period means that users are exposed more often to the project. Making it even shorter, for example have it be once every day would however not make sense to me as people not always have the time to claim something on the same day. Hence, 48 hours seems like the sweet spot.
I didn’t want to put up a proposal yet as I want to get an opinion from the community. What do you guys think? Does upping the rewards a bit make sense? And what about the 48 hour claim period.
EDIT: One thing to note, as jasper said before is that the faucet distributes 5% of its allocated funds to users. Meaning that the amount is not restricted to being 10$; Based on the price of HNY and the total amount in the faucet this number can differentiate.