First off I want to apologize for the long delay in posh development. When we started @poshtoken out initially I wanted it to be as fair as possible for the users sharing their content outside of Hive and being rewarded for it. That meant no initial premine or team token allocation and with that said creating the token on Hive-engine it felt like it would already bring a lot of fees towards users depositing or withdrawing from that second layer. At the same time there's also costs involved with creating the token on hive-engine so we'll be waiting to see if other alternatives submerge or if the current existing fees are lowered in the near future before creating the token and airdropping all current holders who've earned POSH so far from sharing their hive links onto Twitter.
Another reason for the delay was also that our main dev who did a great work on poshtoken so far has been busy with other things around Hive. Poshtoken is currently in the process of migrating development onto another dev, he won't either be working on it fulltime, but more often than the previous one. With this being a "community" token, meaning no one has any unfair advantage to a big chunk of tokens unless they've shared their posts and earned them fair and square, we will be continuing funding the development through post rewards on the daily @poshtoken distribution updates. We've discussed this internally that maybe it would be better to make a proposal through the DHF but at the time it seemed too small of a project to go through the hassle of doing that and at the same time now there's a lot of "bloat" on the DHF with the hbdstabilizer proposals. When the poshtoken project gets to a point where a lot more dev work will be required as we have some more plans on what to integrate to it next to make sharing links even more efficient and diverse, we will be considering a DHF proposal again.
Okay, here are now some plans on new additions to @poshtoken once the dev is up to speed on everything with it now and migration to the new dev is fully completed.
integrate keychain instead of just hivesigner as the latter has been kind of a hassle for new users.
integrate a "twitter login" option instead of having to verify your Twitter account with a tweet
Leaving messages on posts after the distribution has happened telling sharers how much @poshtoken they earned with their share
or how much other sharers earned by sharing their post with the option of them opting out from these notifications. These may happen either as comments or memo's, both possible to opt-out from.Leaving messages when someone else shares your post, to avoid bloat we will be editing into the same comment when there are more than 1 share of the same post by many people.
Idea to give beneficiary rewards to the person who shared the post so that when the author notices this they can reward the sharer automatically with an upvote on the comment. Percentages unclear as of yet but if part remains with posh it will be used for something other than paying for development work - possibly a poshtoken buyback system. This idea is still not 100% sure as it might remove the previous mentioned idea of editing in shares into the same comment due to spam. Community will be giving a chance to decide what they like more but we will respect users being able from opting out from these notifications altogether.
This part is something that may require a DHF proposal as it will take a lot more devtime, unless Hive goes up in value quite a bit until then and people don't mind the daily upvotes of the distribution posts knowing they'll be used 100% just to fund the development of the project. Reddit, Facebook as prime candidates but we'd also look at other platforms that give developers API access to make this possible.
Last, but not least, look for utility for POSH token. Just earning it by itself won't give it much value, but it having value is what will incentivize and keep people sharing their posts to bring more attention to our front-ends to other users from the outside. We've already been in talks with some platforms on Hive who could see people use POSH as a way to promote their posts on their front-ends, and this would kind of make sense, you earn posh mainly by promoting your Hive links onto other platforms so now you can promote your own posts on Hive platforms for possibly more visibility and curation.
Other than that we'd have to see of other ways to fund token buybacks, a big part of it could occur from donations in many ways such as direct tipping, delegations to @poshtoken where poshholders would get autovoted with. Beneficiary rewards being sent to @poshtoken for token buybacks, etc. Let's cross that bridge when we get there, we just have to be careful not to "promise" token buybacks as we don't want to risk of poshtoken becoming a security. Finding other kinds of utility for the token might be smarter.
Ending note, thanks to everyone who's participated in the @poshtoken distribution so far and has helped bring more attention to Hive on Twitter and bring more traffic to our front-ends and potentially a lot of new users. We'll try our best to make poshtoken more efficient to assist Hive on getting to as many eyes and ears as possible so they can find out what they've been missing out on.
You can easily register on the website right now: https://poshtoken.fbslo.net/ (requires hivesigner and a verification tweet)