I love the idea, but why would a front end sacrifice ad revenue to benefit random token holders?
Much better to include the "burn to promote" feature in the blockchain code and have companies bidding to be on trending. All payments will be burned.
I love the idea, but why would a front end sacrifice ad revenue to benefit random token holders?
Much better to include the "burn to promote" feature in the blockchain code and have companies bidding to be on trending. All payments will be burned.
We're quite keen to do this in the future, we mentioned this in our proposal. It takes a step towards allowing valuable content to be rewarded for an indefinite amount of time.
As per @howo's comment, and I haven't done the math, but I wouldn't be surprised if the levels of engagement outweigh any revenue subtracted from sharing.
With the above said, the value of this for Quello will come with more daily active users, so although it's definitely on our radar, there are a few stepping stones before this becomes a part of the site 👍
Looking forward to it !
It's a virtuous circle, give back earnings from ad revenue, people will then be more incentivized to post on your article (free content), and share your website (free marketing + free engagement).
You don't have to sacrifice all of the ad revenue, you can keep some to yourself if you want. And as a whole this benefits you just because you end up making the price for hive grow.
Makes sense.
Oh and btw, "burn to promote" already exists on chain, it's just that the front ends don't really show promoted posts.
I remember it in the promoted tab, was it just condenser showing it this way? If promoted posts were just normal posts, I guess front end devs would have them on trending by default, and would have to code an extra step in order not to show them.
They must be handled differently in the blockchain code at the moment in terms of ranking, and front end devs have to make an effort to include them. This "effort" is what makes or breaks the feature because most devs will just show the posts as they come, and not try to filter.
I'm just assuming, maybe devs are already actively filtering.