How to make money in VIZ
The VIZ economy mainly serves the activity of people not related to making money, so the concept of «making money in VIZ» does not make much sense. Nevertheless, entrepreneurs, developers and investors have the opportunity to earn money by servicing VIZ users and creating services for them.
Delegation
VIZ delegates are people or groups of people who contain servers with VIZ blockchain nodes, and also determine the parameters of the blockchain operation. The «delegate» in VIZ is essentially an analogue of the concepts of «block producer», «miner» or «validator» in other blockchains.
Delegate activity is automatically rewarded from the issue. The amount of remuneration depends on the number of signed blocks, de facto - on the delegate's place in the general list of delegates sorted by the votes cast for them by VIZ participants. Delegates from the top 11 participate in the signing of each block, their remuneration is maximum, the other delegates sign the fewer blocks, the less social capital voted for them.
Example. As of August 2020, 20% of the issue goes to the remuneration of delegates. Each top delegate earns 143.5 vizes per day in the absence of missed blocks.DAO Fund
Activities that are useful for the entire VIZ community are funded from the VIZ DAO Development Fund («DAO Fund»), which is constantly replenished with vizes due to the issue. Any VIZ participant who has done something useful can apply to the Fund for compensation or encouragement. The community votes on the application, while the weight of each participant's vote is proportional to his social capital, and determines the amount of payment in vizes.
Investors can finance with money the development of useful VIZ applications, advertising, any other initiatives and request compensation with vizes from the Fund. At the same time, the amount of compensation can be any, as long as the community agrees with it. As a result, an investor can receive a significant amount of money at a favorable price, simultaneously benefiting the community and increasing the value of the asset.
Also, the DAO Fund can pay for non-commercial and useful activities for the entire community, for example, the content of information sites, bots in social networks and messengers or public nodes.
Commissions
The VIZ blockchain code includes the possibility of automatically charging a commission from awards. Such commissions are called «beneficial payments» and are calculated as a fraction of the amount of the reward that one user awarded to another.
The service that created this or that context for the award can receive beneficial payments from its users, sell the received vizes and pay for hosting services, employee salaries, etc.
Example. You own a site where the content is generated by users. You connect a script to the site to reward users with vizes for content (analogous to likes) and set a commission of 10% of all awards passing through your site. Users reward each other using their social capital, and you automatically, at the blockchain level, receive a commission from each award.Subscription
The VIZ blockchain supports not only rewards from the issue, but also direct payment or donation of accounts with vizes. In addition to the usual transfers from account to account, VIZ has a built-in system of subscriptions or recurrent payments.
An entrepreneur can create any service that serves VIZ participants and accepts viz tokens as a regular payment. Before providing the service, the service checks in the blockchain whether this user has an active subscription. At the same time, it is not necessary to contact any intermediaries, since the system is decentralized and works directly in the blockchain.
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