Subsocial: Long live to the CREATORS!

The main function of Creator staking, inspired by the dApp staking model from @AstarNetwork, is to incentivize content creators — key contributors to the network. Additionally, there is the goal of growing the network and improving curation.

I am a @SubsocialChain power-user, I was an ambassador for a period and decided to take a step back and remain only a contributor.

  • 200 articles published
  • 225 followers
  • 133 stakers
  • Top 10 content creators selected over the launch of Creators Staking

The community will choose to support the content creator who is most pleasing for personal reasons, for being more active, for contributing more to the community, for affinity, and so on. The main actors of the Polkaverse platform (Subsocial) are the stars!

How to stake?

$SUB holders can stake on their favorite content creators, providing incentives for the key players in the ecosystem to keep producing and delivering quality content.

  • Minimum of 100 $SUB to stake
  • Need to have at least 10 $SUB remaining after staking
  • 66.7% distributed among stakers
  • 33.3% distributed among creators
  • 7-day unbonding period

Benefits

Preventing the treasuries of Polkadot and Kusama from being drained by content creator proposals — a source of much discussion and even ecosystem abandonment by some users. CREATOR STAKING SOLVES IT!!!

Who can participate?

There will be a pre-selected list of 10 creators to stake towards. If you are a creator who would like to register, fill out this form. Creator registration will likely become permissionless or take place through on-chain governance, although we are waiting to see how the system performs.

Utility of the $SUB token:

The main utility is burning to create “energy” — enabling actions on the network.

  • Performing transactions
  • Creating energy
  • Content monetization
  • Tips (per post, per comment, or per space)
  • Subscriptions
  • Pay-Per-View
  • Selling or renting out your spaces or posts
  • Dapp staking
  • Deploying smart contracts
  • Minting social tokens
  • Voting in governance

Energy Token

Energy allows the usage of the Subsocial network without tokens. Users burn SUB tokens to acquire energy, thereby converting tokens into energy. This creates deflationary pressure on the token and also facilitates the onboarding of new users to Subsocial much more easily.

https://polkaverse.com/@subsocialportuguese/o-sistema-de-energy-35457

Inflation

The current inflation rate of the $SUB token is programmed to be 1.58% annually — with the possibility of being altered via on-chain governance.

  • 90% for Creator Stakings
  • 10% for Treasury

Getting $SUB tokens

The $SUB tokens are traded on HydraDX — Polkadot’s liquidity hub. It is possible to trade them directly or make cross-chain transfers.

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Web 3. 0 enthusiastic - Polkadot & Astar Network ambassador

Welcome to the Pitcoin diary. Be prepared for an immersion in Polkadot, Kusama, and Astar Network ecosystem. Everything I write is my personal opinion - don't expect anything but chaos.

Polkadot Senior Ambassador and Astar Network all-star ambassador.

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Welcome to the Pitcoin diary. Be prepared for an immersion in Polkadot, Kusama, and Astar Network ecosystem... Show More