What is Distriator about?
Distriator is a not for profit discount / rebate system that provides cashback when you spend Bitcoin Lightning or Hive Backed Dollars ($HBD) if you document your purchases with Social Media on the Hive Blockchain.
By spending Lightning and Hive Backed Dollars in businesses, you can benefit as follows:
- Receive refunds from 35 - 60% on purchases made in BTC Lightning or Hive Backed Dollars.
- The more frequently you use Distriator to claim cashback, the bigger your cashback are.
- You are supporting a neutral, instant, zero fee, stable currency that has no ICO, pre-mine, company, founder or CEO.
- You are supporting the creation and growth of a parallel economy outside of the traditional banking system that provides censorship resistance and sovereignty to all people.
How does Distriator work?
You and the business must have Hive accounts.
Step by Step to claim Distriator Cashback:
1) Attend a business that accepts Hive Backed Dollar or Lightning payments.
2) Make sure they issue you a QR invoice from either V4V.app or Hive Keychain Store.
3) It is advisable to use your alternate account to your main account, and add it to your Hive Keychain with posting and active keys.
4) Make sure there are adequate Hive Backed Dollars in your balance on the account you will pay with
5) Pay the invoice by scanning from your Keychain app.
6) Visit Hive-Distrion.app within 30 minutes of your purchase and log in with the SAME account that you paid with.
7) Click claim.
8) The app will ask you to take 2 to 10 photos of your purchase experience at the business.
9) The app will ask you to write a sentence about your experience at the business.
10) Click to proceed and sign the transaction.
11) The app will congratulate you on a successful claim.
12) Check your wallet history and see your claim has been paid in!
Distriator will send you instant liquid Hive Backed Dollar rewards for doing this from between 35 and 60% of your purchase value. The more you use the app the higher your cashback rewards will be, additionally, over time we will integrate a reputation system so that you have the opportunity to be rewarded for using the app more frequently.
What Happens in the Background?
In the back ground, the app posts a post to the Hive blockchain via your Hive account (which is why, if you use the app regularly to claim cashback, we recommend you use an alternative account to your main account) and takes a beneficiary from the rewards of that post to cover the cost of this instant cashback paid.
Distriator DOES NOT make a profit doing this since any surplus beneficiary funds will be sent back out to the community in the form of prizes in competitions for those who spend Bitcoin Lightning and Hive Dollars the most frequently and use the app to make claims.
You can follow the Hive account https://wallet.hive.blog/@distriator.bene/transfers to confirm that all money coming into Distriator from beneficiaries is sent back out to the community members that spend the most frequently.
IMPORTANT NOTE FOR EXISTING HIVEANS: If you intend to use Distriator regularly to claim, and are already a frequent content poster to Hive, it is advised to create an alternative to your main Hive account. This is because your post feed will be full of short Distriator posts about how you are claiming wonderful cashback from businesses. While you are lovely, we are sure that people following your main account for your social content won't want to see too much of that in their feeds.
Expanding Hive Backed Dollar Spending and the Hive Community:
Distriator can be a great way to expand Hive and BTC lightning payments in the real world. Bitcoiners can spend BTC and mine Hive Backed Dollar stable coins by claiming their cashback with Distriator!!
The spends are done transparently, in legitimate businesses, so documenting the transactions on the blockchain with content and making claims based on this is incredibly valuable and difficult to game.
As the network affect takes hold, Hive Backed Dollars will distribute further.
Earn Passively:
- People onboarding businesses will earn a portion of the cashback paid out through that business passively.
- Trusted people (known as Trusted Guides) helping businesses to spend into this economy and further incentivise their clients will earn additional rewards passively.
- People onboarding new users will earn a portion of the cashback paid out to that user passively.
As more Bitcoiners and Hiveans use the system to claim rewards and a network affect will take hold. Hive Backed Dollars will spread to more accounts.
Spreading Hive Dollars and Lightning
A method to onboard new Businesses:
1. At the moment, we can use https://spendhbd.social.gifts/ to create new profiles of businesses.
2. As you visit and spend in these places using the traditional economy, create reviews and tag #spendhbd, we can add these reviews to the businesses’ profiles, while rewarding the Hiveans making the reviews with Hive upvotes.
3. Once there are at least 2-5 reviews about the businesses, you can approach the owner asking if they want to open EITHER a BITCOIN account or a Hive account.
4. By opening a Hive account the business now automatically accepts both Bitcoin Lightning payments (if payment is made using V4V.app) and Hive Backed Dollar payments.
5. We can focus on Businesses that already accept lightning if we wish, since these businesses are more open to payment in alternative currencies and will often be looking for a stable unit of account to complement their Lightning payments (Many of the businesses in SpendHBD.social.gifts already accept BTC lighting and we are adding more all the time).
6. Once the businesses have Hive accounts, their clients will receive between 35 and 60% cashback on their purchases if they spend in either lighting BTC or Hive Backed Dollars and claim using the Distriator application.
7. If our Trusted Guides approve, whomever was involved in the previous 7 steps to onboard the business will earn passive rewards from the cashback paid out in Hive Backed Dollars.
In this way, the Hive community has a great opportunity to add more businesses to the Bitcoin and wider parallel economic system than anyone else. This is a realistic and honourable milestone to aim for!
A method to onboard new users:
Set up local workshops at or near by the businesses that you have onboarded. These workshops should aim to assist or educate attendees with the following tasks or information:
- Onboard with Hive accounts (onboarding system will be provided soon).
- Creation of Point of Sales invoices using V4V.app and Hive Keychain Store.
- How to make and receive payments.
- Claim cashback rewards via Distriator.
- Make #Spendhbd Posts to the Hive Blockchain.
- Easily cash out to Bitcoin, lightning or, if available, local currency.
We are about to run our first workshops and will provide feedback, our experiences and free presentation and marketing resources shortly for anyone to use.
A Path to Profitability:
Distriator is not for profit. All additional funds that the system makes will be sent back into the community in the form of prizes, as well as support for those people who are actively maintaining the system.
As Distriator grows, and more businesses take part, there are two ways the system can make money:
1) Asking businesses to subscribe each month in exchange for being whitelisted and therefore having bitcoiners and Hiveans directed to their businesses.
2) Working with the businesses to set up paid rewards campaigns where the business pays in a certain amount for their campaign and the Trusted Guides work with them to reward users for spending, posting reviews and sharing content to other social media.
App Type and Tech
Distriator is not Open source at the moment, as we are in the early phases of sprint development. We do plan to make an open source public repository once we are happy the code is optimised fully. More information to follow on this.
Distriator is a Progressive Web App (PWA) but we plan to expand it to a full iOS and Android app in the future, if circumstances permit. It uses the following technology:
- WebApp = Flutter
- Backend = NodeJS
- Database = mongo
How to optimise Distriator Rewards:
You can use Distriator to optimise rewards by:
Reward Levels:
Standard Rewards:
- Adding new business profiles (coming soon) (users get get a protion of the rewards that go through the reviews of that business if the business is verified by Distriator Trusted Guides)
- Make reviews of businesses that have not yet got Distriator profiles or Hive accounts
Medium Reward:
- Pay in Lightning or Hive Dollars in businesses that have Hive accounts and claim cashback rewards via the Distriator app
Best rewards:
- Check your position in the Distriator leaderboard and become the first to spend 7 times in each 2 week competition period (details to follow)
- Onboard new users through Distriator's sign up system (you get a cut of the new sign up's rewards for their first 6 months) - implementation ongoing, coming soon.
- Making reviews for businesses that have ongoing active paid deal campaigns (feature coming soon)
Trusted Guides Program
While Hive already has years of on-chain evidence pointing to who are the most trustable members of the community, Distriator will probably need more of these high quality individuals in the future. So we will have to set up a Trusted Guide onboarding campaign. Information on this will follow.
Where can Distriator be used Currently?
There are currently 75 businesses in 7 countries with whitelisted business that pay out cashback rewards via Distriator in Hive Backed Dollars when paying in BTC Lightning or Hive currencies:
| Country | City | Businesses |
|---|---|---|
| Venezuela | Barquisimeto | 6 |
| Caracas | 1 | |
| El Tigre | 1 | |
| Cumaná (Sucre) | 58 | |
| Brazil | Sao Paolo | 1 |
| Cuba | La Habana | 1 |
| Ghana | Sekondi-Takoradi | 1 |
| Guatemala | Guatemala City | 1 |
| San Marcos La Laguna | 1 | |
| Mexico | Rosarito | 3 |
| Poland | Krakow | 1 |
You can head to cities like Rosarito, Mexico, Caracas and Cumaná (Venezuela), Guatemala City, Krakow and Sao Paolo where you can earn cashback in Hive Backed Dollars for spending BTC Lightning and Hive Dollars at businesses already.
Below you can see a map of all such place:
Distriator Map for Whitelisted businesses
I wish you good fortune in the wars to come my lords.
Thank you!
This is awesome, hopefully it brings more people to HBD and HIVE
In the very near future, Distriator will have a multi level marketing system built in, so the people doing the onboarding of businesses and the people signing up new users through workshops will earn passive rewards each time a user claims cashback at a whitelisted business
Probably yes.
Thats an excellent tool.
Now this is the future! Keep up the great work guys 👍 🤩 !PGM
Let's see how it goes, interesting
Very limiting in locations... Would be nice if we could use it with online businesses, as there are way more that accept at least Lightning payments. What about adding services like Bitrefill? I use V4V all the time to go from HBD to Lightning to buy gift cards to places like Amazon and eBay all the time. Do those not count? Also not to mention the Hivelist Store which accepts HBD as it's primary payment method. This was the original ecommerce platform for Hive that has been around for 4 years, but gets WAY overlooked by the general community.
This could absolutely happen! no reason eCommerce cant be included in such programs!
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Who's behind the project?
Hey, @thedistriator! There is no Poland on the map or on the list.
REally really interesting project.
Unfortunately I know few people who uses Hive and nobody from business :-(
But it is interesting for the future!
hello, at the moment you only have physical businesses? and another question, would a business selling gift cards or memberships for netflix or other streaming platforms be considered a valid business to use distriator?
Yes, we are only doing Physical businesses for now, however we are happy to work with you to incorporate this system into e-commerce and digital businesses. Come chat to us in our discord about it: https://discord.gg/wpBcy7Nw6w
This is a fantastic project that has made certain people to enjoy some benefits that would not have been possible,
thank you @thedistriator, you have done very well, keep up the good works 🤠💯.