Memehub's Application for Steemit, INC Delegation


Project Information

  1. Company name: Memewars, inc is the official corporation name but we will be going through the process to change the company name to Memehub and structure to LLC at some point in the near future
  2. Place of Incorporation: Blacksburg, Va
  3. Token name (if applicable): We are building and evolving the prototype of a token with the steem community.
  4. Token Type (ERC20, Steem-Engine, etc.): This decision will be made when the time comes to hardcode the prototype.

Market

We are solving the problem of Steem lacking appeal to memers with regards to meme-ing on steem. Which due to the power and ubiquity of memes in modern internet culture, this is a huge ordeal to us and for the platform in competing with larger centralized social media platforms. Millions and millions of avg internet users will conglomerate in places for memes such as r/dankmemes on reddit, as one single example amongst tens of thousands of other places and platforms. We look to establish the natural environment of memers on our platform then through meritocracy distribute upvotes and other rewards to these memers on Steem. There are far too many nuances, too much concept interconnectivity, and too much needed understanding of internet meme culture for us to lay out our system design, why we chose it, and all the awesome memeatic details in 300 words. I request that those who are evaluating this application watch our interview on 3speak and watch our upcoming videos where I discuss the system design, now and projected into the future. We also encourage questions so that we can clarify anything to the community and Steemit, INC. One major problem we help mitigate for the platform is Onboarding. Our site is accessible to the avg internet user; to claim their earned value for the merit of dank memeing, they will need to have a steem acct; after earning a certain amount of points (LULz) on our platform (and statistical analysis to determine the probability of whether they are a bad actor), Memehub will offer instant acct creation. People consume memes all the time on other platforms and do not receive anything for their added value to the meme community on that platform. Let's give these memers a meritocracy where they earn steem instead of fb likes or reddit karma!

Core Team Details

The Memehub team is a one man army as of current. My name is Jeremy Meek. I founded, funded, and oversee Memehub. The Founding: I have a long history of as memer. I started when a classmate showed me the website quickmeme in 2008 when socially awkward penguin was a dominant template, and before memes exploded into the general sphere of the internet.
I mainly hail from reddit and 4chan meme communities. I have been in crypto since 2015 and remember Steemit's launch. Though at that time, Steem was more oriented towards long format text posts and there was no place for memes. Later, I heard about Dmania so I jumped on Steem ready to receive merit, backed by real value in the form of Steem, for my dank memes but as an avid memer was super disappointed in the platform. Then I heard about meme contests on steem and join in but this was beyond upsetting as an avid memer as they were not up to par for the level of meme-ing to which I was accustomed. Finally, I heard about memestagram on steem but this was the nail in the coffin. At this point I fully realized that Memehub was so sorely needed to revivify memes on Steem; to create an ecosystem tailored to the memer; where the true value of a meme can be determined by the community under the meme culture that it manifests. The Funding: I had bought and mined crypto in the latter days of 2015-2016. I sold my crypto except one bitcoin to hire a development team to code the MVP for memehub and to power up steem for rewards. I plan to use my last bitcoin when the ratio of btc:steem bottoms out to create two more rewards accts to incorporate into our system. Therefore, I am all in on this project. It is in it's infancy but I will father it up to the point of becoming completely autonomous and decentralized. More about Me: I grew up on a large beef farm in the middle of nowhere then went to Virginia Tech and recieved my first bachelors in mathematics. I am currently in school for a second, but for computer science this time. I started on the Web Dev track but recently switched to the Data Science track. I do not have a linkedin acct yet as I have always been self-employed post graduation. I did teach math at Virginia Tech's Math Emporium for a year, but then started my own private tutoring practice, next moved into crypto and financial instrument trading, afterwards starting memehub and second bachelors. I am not some large company made of a congolmerate of experts from various fields. I am just an avid memer that made enough money in crypto to enable his engineering mind to plant the seed of a great meme project for the Steem community. This project is the meme-fruit tree and I need the community's help in growing it into maturity to produce nutritious memes that keep everyone laughing.

Minimum Viable Product

The production of the MVP of Memehub can be witenessed at www.memehub.lol. MVP V1: Steem only - I consider this to contain a crude point system on the platform with typical meme oriented social media aspects, in conjunction with automated steem rewards from the Memehub acct based on merit via community voting. App deployment, bugs worked out, and everything running live and stable. We have not completed all these tasks but are in progress of doing so. The apps are in the process of deployment. Bugs are being worked on daily. I am manually giving out upvotes for meme-ing currently while the steem code is in development. During this time we are only promoting our platform to Steemians. MVP V2: General Crypto users - Here we refine the points system in many ways; example, to give more or less weight to particular interactions on Memehub. Add user moderation system to filter what publishes to the platform. Cash in my last bitcoin to create two new steem accts for rewards. My current thought here are to have three reward accts with different functions. One for general rewards to exchange points on the platform for steem upvote, ie what is already in place for MVP V1. Another, more designed for contests; this is where top meme posters will auto recieve upvotes for placing in the top. Also, this is where rewards for receiving the "OC" tag (more on this "OC" tag concept and design in my upcoming videos). Mods will recieve rewards from this acct. Winners of various types and configurations of meme and memehub related contests (like our current emojicon contest) will recieve their rewards from this acct. The last one will be a curation acct, where memehub users that also post (not just curate/comment) to Steem can apply to be on the fanbase as to curate the Memehub community and new Steemians produced through it. At some point during V2, we will begin promoting to the general populus of crypto users. Meme-agedon: Once everything is polished. We will launch a promotion operation aimed at all major social media platforms to take their memers, then use Memehub convert them to steemians as to reward them for their meme-ing merit and open them up to the entire steem ecosystem.

Business Strategy

Fiat Revenue Strategy: Since our userbase is not constrained to Steemians only, along with the popularity of memes, an ad-based revenue stream becomes not only more feasible but actually profitable; while not imposing the expensive of taking a percentage of rewards from users, as so many other platforms currently do. We have other thoughts on how to monetize in the future as the platform grows. Given the rising usage of meme marketing, we can implement an ad system where memehub will sell impressions for a meme that promotes the marketing desire of a company or brand. We will also sell ad space or make other kinds of deals with other steem projects to bring the new steemians we produce to their projects on steem (assuming we approve of the project). We will of course accept steem as payment for any services. Meme merchandise. The problem I saw in doing research on this is that when a new meme tread emerges that the trend is dead by the time merchandise for it specifically can be brought to market. This is also a result of the expansion and rise in velocity of meme propagation and creation. We plan to solve this problem via collages. Example, a t-shirt with a collage of all the major meme trends of a particular time frame. More on this once the userbase is sufficient. Fiat Revenue Projections in $/user every month: TBD How will this increase the amount of STEEM being powered up? This provides a good source of new steemians for other projects. Also, it provides additional appeal of steem for new projects as via being source for onboarding. Thus increasing the over all demand for steem. What financial incentives are you willing to provide to Steemit, Inc.? I believe this is a question to be worked out throughout Memehubs development. How will you become financially sustainable once the delegation is removed? We have thought about becoming a witeness once our userbase has grhas grown, etc. Wd put all the block rewards for that into SP for the Memehub rewards accts. All post payouts to the Memehub reward acct will go to more SP for rewards, etc. Any Fiat profits not needed for development with be used to acquire more SP for rewards.

KPI Progress Measurement

KPI1 Description: Typical metrics used on ad based social media platforms. KPI1 Target:
MVP V1: 100-1000 Steemian users. MVP V2: 1000-10,000 Steemian and Crypto Users. MVP V3: 10k+ general users. The Future: Millions of users! Note: I need data on our system in action and then I will use statistics to build models for making targets with all these measures. KPI2 Description: Steemian Conversion Rate. How many of our users that started off without a steem acct ended up getting one via Memehub or other ways and connecting it to Memehub. KPI2 Target: If I had to set a target without data then a 10% conversion rate would be pleasing based on ctr for ads. Meme ads tend to produce around a 10%+ ctr when done properly on facebook in my experience. Though avg internet users will want a steem acct to get the rewards of their meme-ing merit, so there is a strong incentive structure to becoming a steemian. KPI3 Description: Steem Community Health, Happiness, and Support. Is Memehub boosting the health of the steem blockchain as the design is intended? How happy is the Steem community with the Memehub? Are Steemians supporting our project? KPI3 Target: All this can be gauged by Steemian's engagements with memehub steem posts, measured pre-memehub Steem acct usage of the platform percentage, and other various methods to quantify measures related to this target.

Token Offering

None of these questions apply currently. Our points system is a token/cryptocurrency prototype in production and evolution. I do not want to assume I know how it should be hardcoded as a token/crypto a priori. Once the points system and websitesite/app everything is mature, then we will make the push to decentralization, hardcoding the prototype into a token/cryptocurrency, and full autonomy of the Memehub system. This allows this stage of production/deployment to already have a solid userbase, plently of data on the system, and a stable, working, satisfying prototype of the token/crypto. This should avert a ton of the unforeseen complications when hardcoding a token/crypto before seeing it in the wild. It is not easy to change a system post crypto hardcoding it. All these points I just made should boost the evaluation of a token/crypto by Memehub when that time comes.

Delegation Request

How much of a delegation are you requesting?
We are requesting Test-Tier.
The desired time frame for the delegation in 6 month increments:
3 months then re-apply.
The following answers best describes how the delegation will be used to add direct value to Steem at this stage in the project:
C

We agree that our business will continue to leverage the Steem blockchain as long as we are receiving a delegation and 1 year following the removal of the delegation. During this time we also agree to promote the Steem blockchain as a valuable technological protocol that delivers unique value. We are willing to sign a legally binding contract with Steemit, Inc. to this effect.

Comments 24


Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq

17.07.2019 18:21
0

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

17.07.2019 18:26
1

I have good feelings and support this project with everything I can even thoug steem price is now at alarmingly low levels, but a project like this can really bring steem back into the game. And even if things go south, at least I had fun memeing :)

17.07.2019 19:08
4

hey @cmmemes memes are lethal tool for advertising and marketing if Done right

17.07.2019 19:42
0

Hi @Memehub the big picture sure looks good and bright
Love what you are trying to do. I personally love making meme's and would love to keep making them.
I feel this idea has a lot of potential.

17.07.2019 19:30
4

ok taking the project beyond steemit is a good idea and that reminds me of a bug that I spotted.
When we open a meme We get the share on insta, fb twitter etc option
I was checking out the share on twitter option and I discovered that more then once the code being shared was not unique to that meme page instead some other memes url was being generated to be shared.

17.07.2019 19:40
1

Oof, alright! Ill tell the Devs! Thanks for your help as a bug detector!!

17.07.2019 19:46
0

I actually forgot to do something very important that is to congratulate you for adding the feature of animated gif meme's on the platform
Not sure if it was there earlier.
Congrats ! it would help take the platform forward in leaps and bounds.

So to spread the word and to share my own feeling about the feature and the platform here is a post I did.

https://goldvoice.club/steem/@thetimetravelerz/memehub-launches-animated-gif-meme-creation-option-on-memehub-lol

17.07.2019 20:26
1

If steemit doesn't delegate to memehub they can suck my ass!


In Memehub we trust! I am hoping this project replaces the huge hole vine left when it Twitter shit the bed with it

17.07.2019 20:27
0

Great project update. Looks like you have a well thought out plan in development. Good like with everything. I think you will do well on the the steem blockchain and bring a lot to it as well :)

Posted using Partiko Android

17.07.2019 20:51
1

Are we really doing this again?

17.07.2019 22:38
1

Watch the upcoming videos I am making. My system is very different than how any of the meme platforms on steem have operated before. :). Check out my interview on my blog.

17.07.2019 23:56
0

What is your policy on original content?

17.07.2019 23:58
0

If a user is posting an "OC" meme then they will apply for the OC tag. In the back ground we will automate a direct and fuzzy search for the meme. Finally, the results of the search and the meme itself will be given to moderators for approval. Then memehub will broadcast that meme, if approved, onto the blockchain via steem connect/keychain to the users steem acct and upvote. Non OC memes published on our platform do not broadcast to the blockchain. I will be laying out more details and address more concerns presented to us in my upcomnig vids :) so if you wanna make a list of questions and send it to us, you can on steem or our discord server Memehub Discord.

18.07.2019 00:08
0

That sounds like a serious policy. It also sounds like complete fiction. There's nothing wrong with writing a spec that has lofty goals like this. But it seems like all talk. We have seen this before. So good luck with that. And I hope you don't just have a team of fivver developers.

18.07.2019 00:11
1

Well, sorry you feel that way. Best I can say is to maybe revisit our project in a couples and check how it is doing.

18.07.2019 00:16
0

I do a got a question. You say this sounds like complete fiction, lofty goals, and all talk. Well, did you watch my interview? Read my posts about Memehub? Try out the platform? If you didnt, then maybe we should reconsider who is the one that "seems like all talk". I am not trying to been rude, but saying that instead of going straight to being negative, maybe investigation, asking questions, and given us time to prove the legitimacy of our project might be the better course. I am always down to answer any questions or concerns you have.

Also, why do you feel like our "OC" policy is complete fiction? Are you a dev? Doing an automated direct and fuzzy image search then presenting results to mods is not unrealistic as you make it sound when you say complete fiction.

In addition, you do realize I am in school for data science correct? In about a year, ill be able to create a machine learning algo that can use the decisions mods make as training data, once the error of predicting what the mods will choose is low enough, this could filter out a lot of the obvious cases that mods have to deal with so they can focus more on edge cases.

18.07.2019 13:34
1

Sounds pretty cool to me but I don't know much lol

22.07.2019 15:53
0

my emojicon entry

cchap1.jpg

18.07.2019 06:20
0

post this to our latest weekly update post

18.07.2019 13:13
0

done

18.07.2019 14:10
1

Nice concept and worth pursuing to attract younger users

18.07.2019 09:54
1

@steemflagrewards

Flagged for bid bot abuse

27.08.2019 14:50
0