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RE: VSC Proposal 2025: Smart Contracts, Cross Chain, v4v and Beyond

in #vsc6 months ago

I'm non-technical, and tend to use Hive as a social media network and a nice way to earn a little from creative writing.

What I'm seeing here is an expenditure of nearly half a million dollars. Assuming VSC charges fees to the users of the tools it plans to make, is the plan to use those earnings to repay the investment from the DHF, or if not, what happens to the earnings from those fees ?

Also, is it realistic to expect it to bring in an equivalent inward investment to Hive ? If so, over what period of time and how can it be objectively measured ? How much will be needed in additional funds to market the tools being created to a no9n-Hive audience ?

Don't get me wrong, I'm 100% in favour of development that grows Hive, but I've seen far too many cases where the DHF has given out large sums of money and then there's been no accountability for delivering the claimed return on investment. I actually wish that the DHF operated on a loan basis rather than a grant-giving one !

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Assuming VSC charges fees to the users of the tools it plans to make, is the plan to use those earnings to repay the investment from the DHF, or if not, what happens to the earnings from those fees ?

VSC will lock up Hive as part of it's consensus and burn a small amount of HBD as part of the fees taken for processing swaps. Already VSC has locked up over 50K Hive with more on the way as more nodes come online and stake.

Also, is it realistic to expect it to bring in an equivalent inward investment to Hive ? If so, over what period of time and how can it be objectively measured

Yes, once VSC launches it's liquidity pool where investors can earn 15% APR + LP APR we will aggressively target investors and get them bringing value into the ecosystem. Marketing is part of this budget, so no additional funds will be required.

We've already launched the VSC mainnet, now it is time for the stage stage of development.