@ocdb's mission has always been to support great content creators on Steem and we have pursued this mission through the bear market even as our task was made more difficult by users flocking to bid bots to maximize ROI. To continue supporting great content creators, we responded by creating a non-profit, high-return bidbot with a whitelist of proven creators. But we're excited to announce a major change in how OCD operates as a result of #newsteem.
newsteem is here and it's working
- In response to the early results of #newsteem we are switching back to manual curators!
- We are once again rewarding non-whitelisted users including users on sites like Reddit and Twitter
- We are implementing a for-profit model
- Profits from fees will be reinvested into Steem to grow the user base
- Curators will use profits to tip STEEM on Reddit and Twitter
- We will remain one of the most profitable curation projects for delegators
If you haven't noticed, #newsteem is here.
Thanks to the EIP, abusive behavior is now being dealt with. Active stake and eyeballs are again returning to the Steem ecosystem on the hunt for quality content. One consequence of this is that we can return to our original mission to actively search for and reward as many deserving users as we can. Yep, OCDB is going manual and this is why:
- Manual curators enhance Proof-of-Brain
- Accelerate the changes in behavior that the EIP encourages
- Improve manual curation or delegating to curation initiatives
- Reward valuable content creators
Because @ocdb offered the best returns for delegators and provided the most profitable votes to whitelisted users, we believe it could have survived any market. But one of the things that makes @ocdb special is that we have always put the long-term success of the platform, and userbase over profits and return-on-investment.
If you have applied to the whitelist, don't worry, we will be manually curating active whitelisted users without requiring bids. We believe this will increase the incentives for producing quality content because curation will be judged by manual curators looking to reward those who deserve it.
Now, whitelisted members will not be the only accounts eligible for our curation. We will also support the selections of other large curation projects. We will also be curating onboarded content creators. This has already begun through @OCD, but we will turbocharge this effort with some updates to that project and extra voting power.
With these changes, we will switch from a nonprofit model to a 10% fee that covers curators, and a 5% fee which will go into a pool used to approach and onboard content creators.
Our Focus: Growing the ecosystem
The 5% will go into a pool that will mainly be used to fund tipping. We are inviting Steem users to onboard content creators from different platforms. Onboarders will look for a good piece of content on Reddit or Twitter, comment and leave a Steem tip. We will be using Steemtipper created by @crimsonclad and @followbtcnews (Steem witness) once it's back up.
We will track their activity and they can join our discord and community to receive further curation and guidance on their Steem journey. We have seen good results and received positive feedback in our early trials. We believe this approach will help scale Steem's user base and onboard influencers from other platforms.
Communities & SMTs
This new approach will support the next phase of Steem's evolution with Communities and SMT integration. These changes are designed to empower the user base. We will still be one of the most profitable curation projects for delegators. But we hope that it is what we will actually do with the delegations to improve the health of the ecosystem and the value of Steem, that will keep you interested in continuing with us.
With #newsteem, we are finally heading toward a future with more human interaction and an ecosystem that is attractive to both existing users, and all of those to come.