Fundition Delegation Renewal Application Review
Deadline: October 8th, 23:59 UTC
We have prepared this commentary as a step prior to final processing of scores and delegation recommendations to Steemit. We'd invite you to respond to the questions presented here in the comment below.
We plan to score the application based on reponses provided here before submitting to Steemit.
Please submit one answer per comment below and reference the question number in the comment.
Questions from the Committee
Please note that scores above are preliminary and will be improved once the committee has received acceptable responses to the below clarifications.
Please respond to the clarification questions in the comments section below.
Please respond one question per comment and put the clarification number at the start of the comment.
(4) About terms of delegation:
(4.2) Under what terms (if any) did you receive the delegation?
Please confirm that you accept that any approval of this delegation renewal becomes the terms for your future delegation.
(4.4) How have you applied your delegation for that purpose?
Please confirm if your delegation has been used for purposes other than those intended. Please list other uses of your delegation that are not directly tied to Fundition so that the Steem community can fully understand and clarify doubts about what Fundtion uses its delegation for.
(8) Business Strategy
(8.3) How will your business strategy increase the amount of STEEM being powered up and/or burnt?
Please confirm you have a clear strategy for bringing new money into the platform in order to purchase steem or other steem based tokens.
(8.4) What financial incentives are you willing to provide to Steemit, Inc. and/or the Steem Community in return for the delegation? i.e. What’s your skin in the game?
Please confirm the % of your rewards that will be burned
(8.5) Are you or how will you become financially sustainable once the delegation is removed?
Does this mean that the delegation can be removed and given to another project?
(9) KPIs
(9.1) For all KPIs Please provide a target number and a date by which they will be achieved.
(9.2) There are some fundition specific success metrics, for example amount funded to backed projects (not including delegation).
(11) Delegation Request
(11.1) Will there be any other benefit to steem blockchain as a whole?
(13) Renewal Metrics
13.3 How many new accounts have been created using your projects' account this quarter?
Where does this come from? Drug Wars?
(13.8) How much external revenue have you generated in USD per quarter? Do not count Steem income from curation / voting.
Where does this revenue come from?
(13.12) For the KPIs listed above, back report progress for the duration of the delegation on a quarter by quarter basis.
Please add a KPI for measuing the amount of projects that Fundition has bought onto Steem from external sources
Please also confirm how many projects Fundition has onboarded and helped to fund
(13.14) Describe what value the project continues to bring to the Steem community and why the community should continue to support your project?
This answer demonstrates the Fundition model well and demonstrates its value, however, the application does not directly demonstrate the value of Drug Wars to the Steem ecosytstem or for Steemit Inc.
Noting that the Drug Wars game and the use of the delegation to support it has been highly controversial in recent months, please demonstrate the benefits of using the delegation towards supporting Drug Wars.
(14) Other Questions
(14.1) Do you have published guidelines for how the delegation vote is used?
Deadline: October 8th, 23:59 UTC
100% Beneficiary set to @steem.dao