This is the idea right now. It might take awhile (~9 months) to come to a more specific answer on how it should work.
We aren’t looking at publishing ‘user generated posts’ in the way a blog platform like medium or blogger does. We’re like an online magazine. I work with writers directly to create content specific to our niche. The strategy is to create high quality content relating to the arts crowdfunding space in order to build site authority and bolster the crowdfunding platform. In the future we want to continue to produce in-house content in support of the whole. I’m hoping we’ll be able to forge a lot of new connections with creators and audiences this way and a community section to the site would help strengthen those relationships and helps us plan projects.
The reviews section would also be content generated internally by the team, but I think the door is open there for user generated content. This section would be valuable because it’d drive traffic and build site authority. If people had a question about crowdfunding, they could find an answer here. And so to go this route I need a solution that allows ppl to have a smooth SSO / UX so they can go from leaving a comment on a post, to leaving a review, to funding a crowdfunding campaign, to paying for a subscription.
The token idea comes from Connie Digital: https://danky.art/pages/hue
The main idea so far with the CP token is that it could be used to fund crowdfunding campaigns. This means it will probably require price stability and so should be pegged to the USD or maybe a stable coin. 1 token might be worth a fraction of a penny?
Just thinking out loud. I don’t have examples. It just seems to me there must be a way to compensate large groups of content creators that balances incentives better and is more fair than just going strictly based on traffic / time on site.
You obviously can’t ensure quality if you want a platform that lets anybody post anything (although you have some control over discoverability). You could however find posts that are “better” because they’re popular, or get solid organic traffic, or because an AI says it’s well-crafted, or because it’s discovered by someone on your team, and then single out those content creators to be paid.
You could pool all of your streaming revenue and pay all singled-out contributors a minimum. Take an arbitrary amount, say 50% of your total streaming revenue, and earmark it to be distributed among all of your paid contributors in a contrived way, while the other 50% is used to further incentivize your top contributors and fund your operations.
Something like this: The bulk of your content creators are unpaid but you offer things like prizes/contests, mini-grants, free gifts, honorariums, and/or crypto tokens.
Top content creators are included in a paid program and receive ~50% of your total streaming revenue in the form of 1 share per day per contribution (so long as each contribution/post meets certain minimum criteria --perhaps based on traffic). You have professional editors, marketers, and/or other liaisons work directly with these content creators to help ensure their success. If a content creator quits participating then they’re removed from the paid program after a period of time.
Maybe a writer who blogs every day and whose posts meet the minimum criteria at a rate of 87% is receiving 870 shares per day after 1,000 days. A podcaster who puts out a popular podcast every week would be receiving 142 shares per day after 1,000 days, but since their content keeps people engaged for longer, they on average earn a 3x multiplier and so are earning 428 shares per day.
Top creators are paid additional revenue based on popularity and other factors pertaining to how much value you believe they deliver to the project. In the above example the writer earns double the shares of the podcaster. That would be extremely unfair if the podcast was actually much more popular than the blog. This part of the revenue structure ensures they’re still fairly compensated. Maybe you pay out 25% of streaming revenue directly to content creators? Popular content creators might feel like they could earn more from streaming revenue by going out on their own. But there’s no doubt in my mind that being a part of a community network has value beyond the current bottom line numbers.