RE: Feedback wanted for a new project - Steem Factory.
Please could you elaborate on a few points?
Will the voting rewards of members exceed the expenses from the mining operation? Is the STEEMFACTORY UIA backed only by the mining profit? Does the excess voting rewards from members go into a fund which you will control in order to fund the extra value activities? What are members required to do? What will your reward be? How will members be able to influence how the excess voting rewards are spent? Is your intention to scale up the mining operation depending on support to generate additional profit? How many STEEMFACTORY units will be created and what is their present market cap based on current mining profit?
Sorry for all the questions and sorry if I've misuderstood a lot of how it will work. It seems like members will be changing their vote rewards into mining returns commensurate with their STEEMFACTORY holdings and for that service you'll take a fee with the excess going into a fund.
I think this business model will become more common and it's important that we are careful the Steemians and the Steem Economy come out with more than they put in and that will depend on the value proposition, management of excess funds and efficiency of the service.
Anyway, I'm interested to know more and if it sounds good, I would love to support your initiative!