Nectar-Queen v1 "White Paper"
Nectar-Queen is the primary agent of the PLN(PollenLoopNetwork) Token
(This is a photo of the actual design paper for PLN)
This way you can see more than text alone might convey.
You might notice some amount of sincere thought behind it.
Brief overview of this white piece of paper:
Nectar-Queen uses its own value to seek rewards from a wide array of interconnected systems.
That value is compounded and diversified while sending a portion back to the rewards pool.
(Numerical Values are an approximation of optimal system, subject to change)
Throttled by functions of the system to align incentives.
1.1% founders fund (total) - (disallowed from having less than 1% of supply)
40% pool rewards fund - (distributed based on functions of nectar-queen)
40% nectar-queen fund - (used to power the engine, rate-limited by queen.chains)
9% queen.system fund - [REDACTED] uses this to build [REDACTED]
9% promotional fund - (reward incentives external to the primary system pools)
0.9% wildcard - (used by any queen account as needed / margin of error / dynamic calibration)
Minted as tertiary layer of Queen:PLN interactions
Added to reward pools and supported by Nectar-Queen
Scope of Nectar-Queen Aggregation:
any interaction with layer1 (such as this blog post)
all systems within the layer2 hive engine ecosystem
all hive-local Play2Earn game environments
all hive-local DeFi pools
all seed funding
(this means donated value cannot escape the system except through reward pools)
a founder may only draw rewards in the same ways that everyone else does
P2E Pilot: @megalithic
(that is to say, the Play2Earn element will not be hindered by required gameplay ability)
this also means Nectar-Queen is sometimes supported by a $300,000 collection.
note: p2e will be mostly inactive in the early phases, as foundation is built.
Status at launch:
Strong seed fund with initial calibration restricted to the confines of the 0.9% wildcard.
3-week reward distribution for accelerated initial phase, extended before expiration.
500% or higher APR on current rewards pool (1000% at time of posting)
anyone is welcome to participate in rewards
Disclaimer of Risk:
Founder could burn the world down with you in it.
Please avoid the cryptofication of your entire life savings.
Anti-Disclaimer Financial Advice:
average into the pool over periods of time rather than all at once
add PLN gained back into liquidity to maintain or grow % of reward pool
sell NECTAR/STINGER/AMBROSIA back for higher returns or hold to empower the system
@megalithic @nectar-queen @queen.chains @queen.system
PLN swap - https://beeswap.dcity.io/swap?input=SWAP.HIVE&output=PLN
add PLN - https://beeswap.dcity.io/swap?add_liquidity&pool=SWAP.HIVE:PLN
Component Markets -
at time of posting Nectar-Queen is not fully initiated.
all deviation from the whitepaper is done within confines of 0.9% wildcard.
all aspects of the whitepaper are treated as a guideline framework subject to redesign.
significant alterations may be presented as a new whitepaper or simply an update post.
holding PLN outside of the pool is likely to be an act of charity - plan accordingly.
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I picked up a few shares this morning. Maybe this will finally give me that Play to Earn feeling I keep hearing about. My card game sure doesn’t get it for me! :)
I will avenge you
Frequently Asked Question/Answer:
Got into the pool. Looks cool as APR is pretty awesome for now. I will be following regular updates ;)
APR of 500% or higher is an extreme APY when properly compounded, so if everyone does that it may not sustain completely. (based on holding components vs everyone selling them immediately)
The truth will be somewhere between the extremes.
The minimum is likely to be 100%
I recommend following @queen.system as well.
I am getting a ton right now have about 5% of the pool and my at $1000 per hour for a few days and just try to extract as many rewards as possible then slowly pull my liquidity and leave the profits in the pool and grow from there and put all the rest into SPS and stake to get to 300K SPS which is a goal of mine as well is 500K SPS by next month and 20 million SPT and 20K spread over various pools that have a high yield. Once I hit 300K SPS I will be starting a DAO via Hive where every member must contribute 100 SPS/week adjusted up over time which goes directly into the DAO partnership account on Splinterlands where it is staked to earn SPS and Vouchers. I will also be adding the waka card I just bought one on the market for a few hundred more than the drop price and didn't need to sell my SPS plus discount it by 600 bc I used a credit card bonus spend I needed to get the 600 so I paid about 1400 net for it and I figure only 1000 of them I want to own one. What's the worst I lose 1 K but likely will appreciate 2-10X especially if later on you need it to do something no one else can. Same with land plots been trying to buy at 300-400 want to get 10 plots at 3 now. Basically going to move most of my assets into my new DAO ill be creating with TribalDEX called GB Splinterlands Investment Group which is treated as a general partnership under us Tax Law and you will receive a schedule K-1 as well as units will be restricted units and will not be able to be transferred without permission of the group as a whole. Either the group has a choice to buy you out over 5 years with a 1% note and 20% up front or we can vote to have one or more group members buy it in exchange for any token with a value equal to the value of the interest being surrendered. The company can just buy back the units based on the FMV. Any transaction to sell before the units are held for 5 years will be subject to a 5% disposition fee paid directly to the DAO declining 1% per year until the 5th year. The dao will be be open to 30 members individuals or SMLLC no multimember partners, IRAs are welcome but you are responsible for tax rules related to any account. The dao will provide a schedule K-1 by 9/15/20xx and will always extend its tax returns. Initially the DAO will accumulate 2 million SPS tokens then use 50% of the SPS to add to the stake and 25% to purchase 25 million SPT tokens and 25% to purchase card packs on the open market to hold 50% to sell once cart packs are sold out and open 50% to use to form the DAOs decks. Ideally members will be around the world or must be willing to rotate playing a hour in the night every once and a while as we will play 24 hours a day and the DAO member playing will also manage the team of consultants we have play on accounts with delegated cards to earn a 75% split on the first 500 dollars then 500 to 1000 50/50 and 1000-2000 40/60 2000-10000 35/65 and 10000 plus 50/50 and if it goes to 100,000 life time revenue they get the opportunity to buy into the DAO which is done by putting 50% down and the dao finances the rest at prime plus 2 over 5 years and payments come from 75% of profits until it is paid off then the member will get all profits. Each member will be expected to play 7 hours per week once per day so there is always 1-2 members monitoring the consultants we hire for commission or very low pay compared to America or other developed countries but make sure its great pay for the area so they are motivated as well as get rewarded with a bonus if they do well year one and if they stick around a second or third year they start with the same commission but get a salary each week and in year 3 the salary is increased and eventually we will have a few people who are leading there own teams under the Dao where we less of a cut but a cut from every revenue stream related to the player and his team such as sales of merch, content and a contract that if a competing dao 100% of its units will be required to be signed over if a competing dao is joined or started within spinterlands for a period of 5 years and also individual earnings as well are subject to the same commission. Also 5% of all earnings will be earmarked as a insurance/buyout/lawsuit fund where the dao accumulates assets to do various things as well as pay out bonuses to members when the fund gets to big or expand the DAO into various asset classes and other DEFI projects to diversify the fund and also purchase traditional assets such as real estate syndications and tokenize them combine a bunch of them and have the DAO run separate offerings consisting of securities that normally have high barriers to entry but once big enough we will be able to say purchase 50K interests in MHPs then create 50000 tokens sell them at a bit of a mark up for the acquisition fee, charge a 3% mgmt fee, 10%/90% split until capital is returned to investors then the management fee drops to 1% of FMV and the split goes 50/50 until it is sold in which the sales proceeds are split 50/50 as well. No splits take place until the LP group gets 5% non cumulative preferred return. There may be a offer to trade units in the DAO so the partners in the deals eventually contribute the asset in exchange for units in the DAO. The DAOs admin functions will be managed by BCKC Capital LLC which will be reimbursed for all costs of managing the fund. These costs will be submitted and logged including time spent and hourly rate like for tax returns the hourly rate is 100 per hour and the tax return is expected to cost 1000-1500 dollars but could be more depending on state taxes as well as costs of preparing financials and other reports, any other filings needed etc. This will be an investment club so all members must actively participate so we do not need to register with the SEC. The goal is to start with Spinterlands and become a giant and keep accumulating assets normally out of reach for one person say instead of one 50K investment into apartments we could make 50 50K investments as the funds assets grow and more and more diverse investments are added to increase returns, diversify or help offset gains for tax purposes as real estate will offset a lot of the passive income received delaying tax. We will also look at opportunity zone projects to create are own opportunity zone fund as well as the tax credits and various other things that will benefit us when we get to the level of having that much capital. If we get 30 members the initial seed will be 300K and each share is 10K with each member having one vote on which investments to buy. BCKC Capital LLC will always be the manager and receive the management fees as well as additional management fees from other funds created so that we can raise capital and hold part of a larger investment for example we want to lock 32 eth in the staking contract or 8000 xtz and run a staking as a service node for varous currencies, Buy land down in the virgin Islands where we will set up a place where we mine digital assets as well as stake and run validator nodes, sell hashpower, host cloud mining etc and rent out land to any miners who want to purchase are solar power for x% of the crypro mined using the power plus 50% of the cost normally. Incentivizes either them to pay full price plus a bit or 50% and say 10% -50% of revenue depending on the coin mined. If a miner is losing money for a 2 months in a row and it costs us money we will terminate the miners contract and open up the space for new miners. Also would like to buy up old historic church's and take advantage of a ton of tax credits to convert some of the area into residential apartments, some into work spaces that can be rented by the hour, day, week , month or year and payment is made daily in crypto of our choosing. Also the main pew area can have self storage along the walls then build a blocked off area in the pews where we can form a digital asset club meeting place for anyone who wants to trade peer to peer, can rent out various workstations on the trading floor or buy a seat membership per year. Traders can live, have a office and a common area to collaborate and trade in one building. Might be a good thing to do in Puerto Rico where many traders are. Also we will all post at least 2 blog posts per week and they must be approved and edited by at least 3 members and me who has the final approval. The funds earned will be distributed to sub accounts each day so your portion of the income will always be in your control and you can also delegate various tokens as well as long as the impact on the DAO does not change. There will be the master account where the DAO treasury is and all earnings flow up into that from the other accounts then are distributed to each member. There will be a Spinterlands Investment Account where it just holds SPS and thats its only purpose, there will be a Card Bank and inventory account a Expense account where expenses are sent documented before paid. A distribution account which will be programmed to distribute all funds automatically to each person. I am expecting the ROI on the fund to be consistently high based on testing the strategies with about 50K of my money first. If there are any interested ppl that would invest at 10,000 - 20,000 minimums with 20% to start and the rest over the rest of the year weekly or faster if we all agree. Would be cool to operate the club then go for a capital raise under Reg A and that is when everyone in the original club will also be able to exercise warrants which increase your ownership significantly and reward you for being a early member once we can say raise 5 plus million using reg A or D. The warrants will be given out in different numbers based on when you join. I will receive the most warrants at 10X the last member to join. The total number has not been determined and we will make 83B elections to avoid ordinary income. Also tax planning will be done and losses will be optimized and gains not sold. The fund will aim to produce positive cash flow while using specific identification to sell high cost tokens and hold low basis tokens with gains that can be used as collateral. One thing I would like the DAO to do is develop a DEFI lending platform like aave on HIVE and bridge it to say ETH, polygon, avax, etc so it gets a lot more attention. We can also create wrapped tokens from hive or added to hive and take a fee each time one is created. As well as sell a subscription per month for access to data that we extract and various trading ideas or income ideas. To fund peoples accounts and make the DAO money we could also consider helping new prospective members come up with the money using bank referral bonuses where I give the member various links they deposit 100 here to earn say 50 then do similar ones of more or the same value to get to the minimum investment for free. I make about 100K - 120K doing bank bonuses each year lol I replaced my shitty job as a CPA working millions of hours so I can open accounts, trade, stake and play games that earn me money as well as work on my blog to teach others my strategies to leave your job or earn a serious side hustle with bank bonuses and how to multiply and repeat earnings.
If anyone is interested in just trading referral links not a club message me as well I have hundreds we can do where we both get say 50 bucks when you use my link to deposit 100 in a checking account for a month, then just keep doing them and I will do yours as well. I can show you a trick or two to multiply the bonuses but not unless you actually trade some with me because I need to make money to lol. I don't give shit away for free that took me a year to figure out. Also have some other intersting ways I have not put in full swing yet but testing looks promising so I can share those as well. Im not selling anything just want to trade referrals to get bonuses from banks as that is how I make my living to fund investments now and should be retired in about 5 years living off of my investments at 37 :) have 40-50 years of relaxing working part time on digital asset projects.
I have read this a few times now and still dont get what the use of NECTAR/STINGER/AMBROSIA is? sry if i am stupid.
These are my components within the queen system.
I am forced to distribute them into rewards,
but compelled to buy them from you at an increasing price over time,
because the secret of this game is - I WANT THEM ALL
Once I've collected my components, if you want them back, you have to fight the queen.
(and you will lose) but you should sell them anyway if higher immediate returns are ideal.
The description of this new economy seems pretty cool but I have the feeling that some sort of noodly monster was involved.
Is the FLOWER:PLN pool also related to the nectar-queen system or have someone else made that?
the forest grows deeper!
it's relatively safe to explore.
I have been in the FLOWER:PLN and blossom/bloom pools for some days now and it says i should get FLOWER tokens for being in both and have yet to get any. am i doing something wrong
Hi, there are a few tokens like flower which do not divide into tiny fractions, so in some cases they will require a certain % of the pool to obtain (the 'my positions' page of beeswap is fairly accurate for displaying expected rewards as far as I know, but it also seems to display fractional amounts smaller than what is actually possible)
There are also a few tokens which do not behave as originally intended for purpose of rewards - anything that does not divide at all was expected to 'round-up' and payout to the largest shares, but it seems to do the opposite and not distribute at all, and I'm not sure how to reconcile that.
The latter of these 2 problems should be mostly benign, but throws a wrench in the ideas behind those. Basically they were going to work kinda like a leaderboard bonus, where the people with the highest shares get occasional bonuses, but it seems like this might only work if the pool is allowed to expire completely, or if the number of those tokens is equal to the number of days remaining, neither of which is ideal for that idea but now I'm just thinking out loud. These things will hopefully improve over time, and if the problem was caused by some type of distribution bug it can hopefully be resolved soon.
I see you [REDACTED] you cannot hide from me!
(just a wizard drawing [ ] circles, nothing to see here)
The current HiveBuzz proposal will expire in a few days.
Do you mind supporting our proposal for 2022 so our team can continue its work next year?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
Thank you. We wish you a Happy New Year!
Nice work, keep it up!!
The truth is emerging - we have only just begun.
Earlier this week I discovered the SWAP.HIVE:PLN diesel pool at Tribaldex, and I made contributions to it. As I gain more earnings I will make more contributions.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
I shall use this pizza to conquer the world.
PIZZA Holders sent $PIZZA tips in this post's comments:
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Recently I've added to swap:hive/PLN pool 15 swap:hive and PLNs. and I would like to add more, say 100-1000, but I have no idea from where I could get this PLN amount. Hive-engine doesn't have the necessary liquidity.
What would you suggest to do with? Maybe I can buy them direcrtly from you?
I think the best price will usually come directly from the pool, since if it wasn't some automated arbitrage bot would probably pick up the difference pretty quickly, so your best bet would probably be swapping 'roughly half' of the hive amount into the PLN pool.
That being said, some more engine market orders should probably be added for convenience if nothing else. The other ones expired based on very outdated engine code that auto-deletes any buy/sell order after a few weeks passed, which by the way, is literal insanity if higher liquidity is the goal, but what do I know... sorry for the slow response, btw.
thank you for the clarification.
I meant that hive-engine currently has 10-20 coins traded per day, and if I would need to buy 100-500 I would hunt for them probably 30-50 days.
There is no necessary volume of sell orders 😊 So, my idea to buy PLNs and add liquidity to the pool swap.hive: PLN looks like deathborn.
You can just use the pool to swap hive for PLN
or place a buy order at current value of ~1 and give it some time.
If the buy order is slightly above pool value, a bot might even go fetch it for you (this applies to any token with hive paired pool, as far as I'm aware) since they automate this to gain some small % from the difference in trading value. So, that being said, it still implies to bypass the automated middleman is optimal, and swap hive directly into the pool (or be very patient with buy orders waiting on someone to crash into them)
The swap for PLN:HIVE can be found at this beeswap link:
(in-case it was confusing to you, or someone else)
Do you have a plan to continue with the swap.hive:PLN pool after 51 days? How I can see it will last 51 days only
Yes that will be extended sometime soon. Since it will be done ahead of time before the contract expires, it will also affect the APR, so I think a post will be made about this. Basically the APR will temporarily decline once the number of days are extended, since the daily rewards are derived from dividing the total rewards by number of days. So for example if the distribution were suddenly set to last 5000 days the reward pool would need to be about 100x larger to have the same APR as the current 50 days. Probably it will be extended into the 1~2 year range for that reason alone, and this will most likely happen within the next few days. Then after some time, the reward pool will be raised back up to match the new time period - just a question of how many people panic in the process, I guess.
Thank you, I just wanted to understand would it be extended or not. So do I need to find an additional source for coins for the pool. I wouldn't do it for short term pool, but I would do it for, say, for year.
BTW, from where have you get coins for the reward pool?
Good question! For the rewards, some are earned, and others are purchased directly (often with buy orders that catch temporary drops in value) and the idea there is to have queen system agents be a net-positive for their local environment, by supporting some other projects in the process of distributing rewards, rather than simply distributing swap.hive alongside the components. PLN is likely to have the most variety in that regard, but the same principle will carry over to any of the other pools. This approach gives some valid excuse to put occasional buy pressure across a wide array of tokens while still keeping everything in order, and also works as a kind of value net in the case that one of those tokens were suddenly worth more.
Make a good description of the project. Please! It's impossible to translate...
description of the [REDACTED] project: "
maybe it's just a simple investment fund for people to use on beeswap.
maybe it's a DeFi/idle/ARG catalyst for singularity-class machine takeover.
maybe it's just a strange cog in a much larger machine.
In either case, PLN is the 'relatively stable' front-facing and currently most obvious part of 'the queen system', which is itself a part of something larger. Some more info/update about PLN may be posted soon(tm)
The thing is, there's no point in explaining every single detail, or even to reveal the larger picture. Perhaps it's much easier then, to just say you are playing a little game, with money. In that case, you might consider your ability to decipher "WTF is going on" as a kind of skill. Many of the tokens are not used yet, or any time soon, but there was a cost for creating them and not without reason, so keep that in mind.
also - can everyone come out ahead in such a 'game'?
yes, that is technically possible, but not guaranteed.
by design the queen system is self-interested.
stay in the pools and you're on its side.
Nice! I like the mystery. Your answer reads like a smokey speak-easy table conversation...I love it!