MEME Token and MemeHive Tribe

in Meme5 years ago

Almost a year ago I created the MEME steem-engine token. Today, I burned all the steem-engine MEME I had (transaction ID) and created the new MEME token on hive-engine.com (transaction ID). I also created the @memehive account (transaction ID) and transferred MEME token ownership to it (transaction ID).

My plan is to start a meme tribe on hive.

Image Source: hive-engine.com

For anybody with MEME steem-engine tokens I am offering a trade-in deal during May 2020 for the MEME hive token.

Since there are a lot less hive MEME tokens than steem MEME tokens the ratio for trade is 10 (ten) MEME steem tokens for every 1 (one) MEME hive token. For example, 100 steem MEME tokens for 10 hive MEME tokens.

Here's how the trade-in offer works:

  1. Send your amount of steem MEME tokens to @null for burning.
  2. Reply to this post with a link from steemd.com for the MEME token burning transaction so I can see it.
  3. After I have verified the transaction occurred I will issue the hive MEME token trade from @memehive.

It may take up to 72 hours from the time of your reply to this post requesting hive MEME tokens for the hive MEME tokens to be issued. I will do it as quickly as I can but I can't guarantee there won't be delays. This is all being done manually.

The trade-in offer is only good from the time of this first posting through the end of May 2020 and is based on the steemd.com transaction timestamp. Any transaction with a June 2020 or later date will not be valid.

After the May 2020 trade-in offer ends no more MEME hive tokens will be produced until after the basic meme hive tribe is fully funded.

Even if all the steem MEME tokens are traded in that represents less than 10% of the total maximum hive MEME token supply.

Plans for the meme hive tribe:

Currently I have personally funded the @memehive account with 1,030 BEE tokens and I have an active open BUY order for another 70 BEE at 0.75 HIVE each.

The minimum basic tribe costs 2,000 BEE (1,000 BEE for staking and 1,000 BEE for SCOTBOT Initialization). There is also a rule about tribes staking one BEE token for every active account that stakes the tribe's token. Therefore, the current 1,030 BEE is enough to purchase staking and to cover 30 active staking accounts for MEME.

All that's left is to get 1,000 BEE more which costs roughly 1,000 HIVE. I've already started a full powerdown of both my @holovision SP and HP to help further self-fund the tribe. I've also issued 10,000,000 MEME to @memehive as my share of the trade-in deal for burning steem MEME. The price of hive, and thus the BEE token, has rapidly increased in the last two weeks. Hopefully what my powerdown can't cover for the 1,000 tokens for SCOTBOT @memehive selling hive MEME tokens will. Of course, having a trade-in offer means @memehive will be competing against anyone who trades in their steem MEME and tries to sell hive MEME.

It's not a question of if but a question of how long it takes to raise the remaining funds.

When @memehive reaches the 2,000 BEE goal the staking parameters for MEME will probably be set at a 28 day unstaking window with four payouts during that time.

For SCOTBOT settings for the MEME token this is what it will probably look like. The parameters might be changed a little bit. Anybody can also leave a reply comment to this post about their thoughts on this:

Token: MEME
Author Curve Exponent: 1
Token Account: memehive
Promoted Post Account: token.fee
Author Reward Percentage: 45
Beneficiaries Account: token.fee
Beneficiaries Reward Percentage: 5
Cashout Window Days: 7
Curation Curve Exponent: 1
Downvote Power Consumption 200
Downvote Regeneration Seconds:432000
Issue Token? True
JSON Metadata App Value:
JSON Metadata Key: tags
JSON Metadata Value: meme
Reduction Every N Block: 10512000
Reduction Percentage: 5
Rewards Token: 5
Rewards Token Every N Block: 1
Voter Power Consumption: 200
Vote Regeneration Seconds: 432000
Vote Window Days: -1

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Good desition to move on Hive.

Here's steemd, although it's not showing up on tx it shows up on acct page
https://steemd.com/tx/ab2471ad34ceae789177dd640e259f2263869f07

Also have some bee (and mine some bee) so can help you out w/ raising funds if you need. Hoping to see everything move to hive-engine, 0.23.0 sketches me out and seems likes steem is going downhill more everyday. cheers!

I haven't found out what the issue was but I tested issuing tokens tonight and it is working again. I have issued 22140.9222 Hive MEME to your petertag hive-engine account for the 221409.2223362 steem MEME burned at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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Yes, I see your transaction burning 221409.2223362 steem MEME.

Right now there is some kind of issue with sending out the Hive MEME token. I have brought up the issue I am having on steem engine's discord #tech-support. I will issue the token when the problem is resolved.

Thanks. Right now I am selling my share of burned steem MEME at 0.001 Hive per MEME so you can invest a little if you want by buying MEME or wait until the token is initialized to reward #meme tag and earn it through posts on Hive.

The goal is the minimum 2,000 BEE cost for a tribe (token staking and bot initialization). Currently @memehive has 1,290 BEE. Besides selling my share of MEME I am powering down and trying to sell some assets on opensea.io to raise the difference. One way or another the tribe will get funded.

Yeah, steem is going downhill or off a cliff. Steem literally banned some of the best talent and biggest supporters off the platform so that's the consequence.

Sounds good! Saw your other comments earlier when I sent mine so figured it'd take a sec for the Hive MEME

https://steemd.com/tx/e45717a7e9a302ad012ede4d6b8aa9e3641159cc

5/21/2020, 9:54:36 PM

Transaction ID:
e45717a7e9a302ad012ede4d6b8aa9e3641159cc

Sidechain Block: 7004147

From: @edkarnie
To: @null

Amount: - 3,126,221.97319838 MEME

Memo: burn MEME

I also have 284977.34164831 IN staked MEME

Your 3126221.97319838 burned steem MEME plus the 284977.34164831 staked steem MEME in your steem-engine.com account equals a total of 3411199.31485 steem MEME. I have issued 341119.9315 Hive MEME to your edkarnie hive-engine.com account at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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I have sent 12534.7479452 MEME to @null
but I have still 12466,2520548 staked!
@holovision
16/5/2020
Transaction ID:
ea20ed61289c33612a262e6916d40490afc4dc6d
From: @jkj
To: @null
Amount: - 12534.7479452 MEME
Memo: jkj01

At this current time of trade-in your steem-engine account has 12432.0041096 MEME staked with another 34.2479452 that has unstaked since youu posted the reply requesting an exchange. Adding those two numbers with 12534.7479452 MEME you have burned totals 25,001.0 MEME.

I have issued 2,500.1 Hive MEME to your jkj hive-engine account in exchange for the 25,001 steem MEME you burned at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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For some reason it doesn't look like the issued MEME is appearing in your account. I have asked about the issue on steem engine discord (which is also for hive engine).

Based on previous discussion in the discord server earlier today it looks like maybe there's a problem with a node or something with hive keychain. I'll keep you updated.

It looks like the problem is still happening. I tried transferring you MEME from @memehive this morning but that didn't work either.

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I made another comment in the discord this morning trying to get the issue resolved.

I'll continue to keep you updated.

Thanks for the update. Is this issue linked to my account only?

No, I don't believe so. I am also having the same problem issuing MEME to @darkmrmystic. You're both the most recent to make an exchange claim.

I haven't found out what the issue was but I tested issuing tokens tonight and it is working again. I don't know what happened to the first transaction and since the transaction doesn't appear in the token explorer I am reissuing 2,500.1 Hive MEME to your jkj hive-engine.com account.

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Thanks holovision I can confirm to receive the MEME

How tokens look to the MEME token market Hive Engine, I have sent 26,002 MEME to my account,,,,,
@holovision
16/5/2020 08.18.18
Transaction ID:
50e194dd0f1ebc7259bcd730186bcec6ee865331
Sidechain Block: 6938150
From: @muna01
To: @null
Amount: - 26,002 MEME
Memo: muna01

I have issued 2,600.2 Hive MEME to your muna01 hive-engine account in exchange for the 26,002 steem MEME you burned at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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I see you have more MEME in your steem-engine account which you can also burn for hive MEME if you want anytime during May 2020.

I have transferred 219100 steem meme to @null now waiting to see the new meme in my hive-engine...

I also have soe staked meme a total of 50002.29394351 please help me out on how i gon handle this issue cause we have a week and a few daus till the end of May

steemd trx link: https://steemd.com/tx/9afb71522a06615afa9b7683d37489611d652a3e

screenshot: meme swap.PNG

hoping to hear a response from you soonest possible

Your 219100 burned steem MEME plus your 50002.29394351 staked steem MEME equals a total of 269102.29394351 steem MEME. I have issued 26910.2294 Hive MEME to your tonytrillions hive-engine.com account at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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The issue was brought up by another user and I posted about it https://peakd.com/meme/@holovision/meme-token-trade-in-what-about-staked-steem-meme-tokens Basically, just burn your other steem MEME when you can unstake it.

image.png

I have staked MEME, Does not look like they will be unstaked before end of May.
What do you suggest?

Forgot about that detail. Give me a day or two to think about how that should be handled. Thanks.

I'll be making a post about MEME that is already staked either later today or tomorrow. I can take care of your case in the meantime.

According to your r1s2g3 steem-engine account you currently have 49726.02739728 staked + 273.97260272 unstaked. That totals 50,000.0 MEME; in an exchange of 10 steem MEME for 1 hive MEME that gives you 5,000 hive MEME.

5,000 hive MEME has been issued to your hive-engine account.

memetokentransfer.png

Thanks holovision, I confirm that I received the tokens.

I'll issue the MEME tokens to you later today. Thanks.

I have issued 2,500 Hive MEME to your rankmeupclub hive-engine acoount in exchange for the 25,000 steem MEME you burned at an exchange ratio of 10 steem MEME for every 1 Hive MEME.

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image.png

Yeah, thats a lot of wait time to unstake...