24 January 2023
Nrsimha (03:07 pm)
A significant amount from the proposal is planned to be used for the prize pool, but in CFC suggested rules it is stated this: “6) CFC funds should not be used for giveaways even for the purpose of promoting adoption or participation. These have limited effects”
Nrsimha (03:13 pm)
Also, as times proven anytime when there is a reward during live stream it attracts hundreds of bots with mostly irrelevant questions which completely kills any useful discussion and spoils session for any normal visitors who are potentially interested in Firo.
Nrsimha (03:17 pm)
For those 4 or 5 live sessions would be practical to fund only one and see engagement if to continue with the other one?
Firo Chan Reuben (03:19 pm)
This is Huobi, not a random ama afaik.
Rehrar Diego Salazar (11:04 pm)
I’m unhappy with this idea on principle, although I understand keeping ties with larger exchanges is very important.
Kartal Eagle (11:19 pm)
Exchange communities allow award-winning Q&A. We can also do this with exchange communities. (AMA).
25 January 2023
Fiend Ish (03:57 am)
With these kinds of things, unless it’s a VERY large number of views and we are getting great ‘bang for buck’, I agree with @Nrsimha, and we should respect rule No.6.
If we consider the cost per view. The cost is around $2,500. The proposer estimates there will be 2-6k views. Being a Huobi’ish community, these views should be highly targeted (which is good).
For these calculations, I’m going to assume zero bots or prize chasers show up, and it’s purely people interested in Firo/privacy/crypto. At current Firo prices, this equates to the following.
Cost per highly targeted view = $1.25 - $0.42.
For comparison and context:
If we compare the cost to an infomercial proposal I made previously. And if I use this month’s channel stats and current Firo price, the cost per view would be the following.
700,000k non-targeted views at a cost of $650 per month. Assuming a 14% general population crypto ownership rate. 700,000 x 0.14 = 98,000 targeted views. The cost per targeted view = $0.006 Note: 98,000 target views are a worse-case assumption, as most crypto owners are male, and the channel’s demographic is mostly male. I’m not completely against the proposal, but for me, the estimated views are a little too low, which hurts the value proposition considering the $2500k cost.