I think I've worked out a plan to distribute all (or almost all) the GEEK tokens. On paper it seems sound but I am not an economist so I might be off by at least a little bit. The plan also relies partly on an honor system.
This is based on the selling price of GEEK so far historically hovering around 0.00005 STEEM; give or take around 0.00001 STEEM either way. As more GEEK is awarded for content the supply will be larger than demand so the price of GEEK will most likely decrease in the short term. As more users join steem-engine the demand for GEEK will hopefully rise again bringing the price of GEEK back up.
At the time of this post the @geektoken account has 23,115,000 GEEK tokens. Currently there are 400 million GEEK tokens that have not been minted and issued yet.
This plan involves a GEEK token team of 20 members; each member being paid one million GEEK from @geektoken for the time they will be spending distributing GEEK.
Each member when joining the GEEK token team will receive payment upfront.
400 million GEEK tokens to be given out by 20 team members means each team member would be responsible for 20 million GEEK tokens. For a little security each member will be issued 5 million GEEK tokens at a time to be given as rewards for content. When each member awards all 5 million tokens another 5 million can be issued.
Each item of content can be rewarded between 10000-100000 GEEK tokens based on the team member's judgement of how "geeky" the item is (basically a 1-10 scale). At a price of 0.00005 STEEM per token that means an item of content can earn 0.5-5 STEEM worth of GEEK.
20 million GEEK tokens rewarding 10000-100000 GEEK tokens per content item means each team member will reward anywhere from 200-2000 items of content.
The goal is to give away all 400 million GEEK tokens for content by the end of 2019. At the time of this posting there are 156 days left in 2019. Rounding to 150; to give out all 20 million tokens for content each team member would need to reward between 1 to 14 items per day.
Any GEEK tokens not issued or rewarded by the beginning of 2020 can be sent to @null.
As far as I can tell my plan looks theoretically possible so I now need to find the 20 team members. I know that @qwerrie has already expressed some interest and I need to double check the replies to my posts for anybody else that might have expressed an interest in being on such a team. Anybody else interested in joining the GEEK token team?
