The petty cash account is an account to hold funds that will be distributed for small-scale B2B style needs.
Purpose
The goal is for this account to reach 10,000 HBD through the DHF, have a portion of it converted into HIVE, and be used. Once it is close to being drained, a new DHF proposal will be put up to fill it up.
Examples of possible use
- Exchange listing promotional events such as trading competitions
- Promotions that are run between Hive and its strategic partners
- Article and press release payments to publishing outlets
- Minor printed promotional needs such as Hive-branded pens, lanyards, etc.
- Payments for submissions to awards or conference speaker opportunities
- Miscellaneous incidentals (to be clearly outlined as they come up)
What it is not for
- Payments for exchange listings
- Contests among Hive users that are specific to only Hive
- Salaries and personal payments for contributions
- Sponsoring Hive outreach get-togethers
- Server or development costs
- Marketing for Dapps or individual projects
Keyholders
As the account needs to not only be properly managed but also have redundancy in respect to access in case of emergency, a total of five keyholders exist.
The account was created by @Guiltyparties who is a key holder and is responsible for recovery as trustee.
@Blocktrades, @Crimsonclad, @Smooth, and @Theycallmedan are the additional keyholders. All have the full set of keys.
It is unlikely that all of these individuals will need to use the account as only a few deal with matters that fit the possible use cases.
Marketing
This account is not part of the currently-active marketing relationship with Ignite Visibility. It is a supplementary account for unrelated matters that fit its scope.
Account Use
All transfers made from the account must be made to another Hive account. They may not go directly to an exchange. This is for the purposes of tracking.
All transfers will be made with a clear memo as to the purpose of the transfer and it's ultimate destination. For example:
$100 equivalent in HBD for Hive article on 123 Name Publication | Price current to [date][source of price] | Paid by [name]
Where the payment is for something too complex to be clear in a simple memo, a post will accompany it and the transaction ID of the post will be included in the memo.
Non-Keyholder Use
Hive members who are not keyholders should comment on the account's posts with an outline of their needs, which should fit the scope. These should be minor and not fitting of a full DHF proposal. Where the issue is confidential, such as with exchanges, please go directly to @Crimsonclad or @Guiltyparties or email the [email protected] account.
Intended use: you are presenting at a professional conference about Hive and wish to give out Hive-branded pens that are responsibly priced.
Not intended use (will be declined): you are presenting at a professional conference about Hive and want your room/board paid.
Responsibility
The final accountability for this account at this time rests with @Guiltyparties. Should that change, that will be announced.
DHF Ask
This account requests 10,000 HBD in this funding round and proposal.
https://peakd.com/me/proposals/180
Leftovers
If the account is unneeded for some reason (a better solution exists), all balance in it will go back to the DHF.
Good, because Hive do not pay for listings and I strongly prefer for it to stay that way.
Anyway.. good idea, discussed many times, thank you for handling this @guiltyparties
What can't hive pay for listings, it's just business? Maybe that's the problem with HIVE right there, ever think of that? HIVE sucks as a coin because nobody knows about it yet, too little exchanges, not enough squeaky wheels being greased with the golden hive honey.
Paying exchanges for listing make sense only for scam coins when it's not profitable for exchange to have such coin listed and it's associated with high risk. Hive never paid and is listed on Bittrex, Binance, Bithumb, MXC among many others. And yes, it's all about business after all, people pay fees for every transaction made there I see no reason to pay additionally to someone who are getting opportunity to make money. If anything it should be the other way around.
Forgive me for the unrelated response but is there anyway to get @coingecko to change the API that they are using for the supply data that is displayed on their site? They are using the one from hive-db.com which hasn't been updated in ages.
just please let them know (not sure if they are watching Hive notification though)
I sent them a direct message on twitter, maybe they will respond.
Can you let me know if they respond to you?
So the account is like a financial budget for promoting hive or supporting hive for more marketing? Let's say for example it needs a budget to pay a broadcaster to talk about hive?
🧘
Yeah, for small-scale expenses like that. If the broadcaster is a formal media outlet.
What kind of Promotions are you going to run between Hive and its strategic partners?
There is one coming up hopefully that is a minor competition in which both ourselves and the partner put up a bit of HIVE and get the word out. These things keep our partners engaged and communities looking at one another.
Good luck guys.
Sounds like a lot of work.
Great
It does seem like it would be very easy for the funds to be stolen with 5 keyholders with full keys, it would be very difficult to identify who stole it if it was done carefully.
Any business has petty cash needs though, even a DAO, so I guess it is worth taking the risk. I have voted to support it with my proxy.
All of the keyholders have more to lose than to gain from that and have a higher level of involvement in Hive. Thanks for supporting the account.
Does anyone know who to contact about listing Hive? Stakecube is requesting being contacted by dev team on their discord.
@guiltyparties @lordbutterfly @blocktrades @gtg
Gp, Crim or Gtg.
;O you are now on dev team :D
If any of you are interested follow tweet below. I don't know what the terms are, but I think it's worth at least contacting them
https://mobile.twitter.com/HivePolish/status/1395826710180995073
I'll follow up with this, thanks. (Update: I talked to them on Telegram and got the requirements, now have to fill out ticket for listing)
Thank you, this means quite a lot
Submission ticket for Stakecube is in the review phase right now, waiting on their team. Their ticket system is the best one I've ever seen on Discord.
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STOPTo support your work, I also upvoted your post!
Support the HiveBuzz project. Vote for our proposal!
@smooth :) good job
This initiative not my doing at all so I can't take credit but I am voting for it.
Ah, I thought because of yesterday, the PR topic :)
Then good job to all that include.
I vote for it too.
If some help needed with PR work, feel free to hit me up. I think I can give some valuable input, or refer to some connections I have for white label agency services.
me encanto su blog, espero expresar que a través de idea como mejorar mi blog
This would be good for hive to appear more on google and for people who read news about cryptocurrencies.
Supported. I love this initiative. I hope that many people will make their proposals. I think it is necessary because of how difficult DHF is for many proposals. Thank you for this