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Creating A New Tribe! by rob23

View this thread on: hive.blogpeakd.comecency.com
· @rob23 ·
$8.66
Creating A New Tribe!
<center>![question mark.png](https://i.imgur.com/pRewtKP.png)</center>

Following a conversation with @taskmaster4450le the other day, I have been inspired to start working on creating my own tribe here on Hive. 

The topic is still a bit up in the air honestly, but I am narrowing things down by the day. I wanted to share this announcement because I would also like feedback from the community in order to create the best tribe that I can.

I've identified a few different things I would like some feedback on other than the technical aspect of actually creating a front end on the Hive-Engine.

# Whitepaper

<center>![whitepaper.png](https://i.imgur.com/9KZnTSY.png)</center>

Firstly, I have never written a whitepaper before. I think that I would like to really create something that shows the trajectory of the project and what I expect out of it for the community. If you have ever written a whitepaper or have read a really fantastic one somewhere, I would love to know what it said and what the process was for putting it together. 

# Tokenomics

<center>![Tokenomics.jpeg](https://files.peakd.com/file/peakd-hive/rob23/Eokc9AKkVR79VHvi6LVYaW6UrS8xxN6g33As8CA6rKno5YfW8oTGpMDzrN2wcUcHt52.jpeg)</center>
This is all a blur to me. 
- What should my issued supply be?
- What should my distribution schedule look like?
- Where does the initial value of the token come from?
- Should I be implementing a token burn?
- What math will be involved in managing the supply?

Really any information on this topic would help. I am currently trying to study it as much as possible to be sure that I create a token that will provide maximum value to the community. I want to fundamentally sound on this topic and would appreciate any references to great projects with publicized tokenomics.

# Marketing

<center>![marketing.jfif](https://files.peakd.com/file/peakd-hive/rob23/EoK5HtF12oXbrm1oSRP2MRGawiLJbpkX8FS3v7a981Yp5myADfnuhq9bMDFuay9g5gg)</center>
I plan on doing marketing through Twitter and possibly Discords that are topically relevant. My question for the community is:

- Where do you go to market your products/your brand?

Any out of the box recommendations would be great or if you have seen a very successful marketing campaign here or anywhere else that would be replicable for a tribe.

# Closing

I am going to be studying up a lot on how to run a tokenized community. I am excited and look forward to sharing details as I piece the project together. If you have any tips or relevant information for me I would be very appreciative of your time and effort in helping me out. This is my first foray into creating on the blockchain other than writing articles, so I am hopeful but also conscious of the fact that I will need a lot of guidance going forward!

<center>![Leo author banner.jfif](https://files.peakd.com/file/peakd-hive/rob23/23tbMP71SwAhDpbEZTEtxVoGr8uzGEsyXcGMFJyFsCnthQitcAr8vDbHfcS9uq1KhnCA8)</center>

@mariosfame gif once again, I love it
<center>![Leo Gif.gif](https://files.peakd.com/file/peakd-hive/rob23/23swXhgKFcQfjrRE3RFauGNWYSCD2e7BLuJZocW9sQ9yjMabkMbLqzRF5xFcaShJpBKw2.gif)</center>

**Links and Connections:**
Follow me on Twitter: Rob_Minnick23
LeoFinance/HIVE : rob23
Join me on Torum: https://www.torum.com/signup?referral_code=robminnick23
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Noise.cash: rob23
Read.cash: R23
Join me on Publish0x: https://www.publish0x.com/?a=M7e587xqd2

**Who I am:**
My name is Rob and I am a college student doing my best to get involved in the crypto world. I have enjoyed blogging thus far and thank you for reading my article! Give me a follow and let’s build the community together through consistent engagement.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/creating-a-new-tribe)
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@alokkumar121 ·
$0.03
this sounds exciting and good luck to you. would like to know more about it so once you finalize the type of tribe and details then share with us. I will be happy to join it. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alokkumar121/re-rob23-2lkyh7)
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@rob23 ·
Absolutely, once again looking forward to doing that!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-alokkumar121-5vhkjr)
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@amr008.leo ·
<a href="https://leofinance.io/@leomarkettalk/leo-talk-5-1-2021-come-join-our-chat" rel="noopener noreferrer nofollow" target="_blank"><img src="https://images.hive.blog/DQmZqv3puun1EwyEtkUVJ9g6e9GnKAiLzzwsVnBygzdJxB9/image.png"></a><br>Your post was promoted by @jfang003
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@arslan.leo ·
Best of luck with that.
First of all you need to make sure that your tribe should be unique. Just like Leofinance is about financial stuff, yours should be about something that is unique. 
There is also another suggestion is that you should be very careful with the supply of the token. 
And yeah! Token burning is something that created value for it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@arslan.leo/re-rob23-2v5as6)
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@arslan.leo ·
You should consider all the possibilities and see why other tribes failed badly and learn from it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@arslan.leo/re-arslan-leo-2p4nzy)
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@rob23 ·
I believe I have a good concept for the topic, I just am holding off on mentioning it in case I make minor changes before creating it. I think I will be reading up on tokenomics tomorrow. I hope to create a really quality platform

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-arslan-leo-2pabbf)
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@arslan.leo ·
Well best of luck with that. I’d be really happy to join your platform.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@arslan.leo/re-rob23-7bphz7)
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@bitcoinflood ·
This is awesome and you should go for it. I'd be curious about the process if you're willing to share that as well. What it takes to get everything setup and how you went about doing it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/re-rob23-3cjnbn)
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@rob23 ·
Absolutely! Those are great ideas for future posts honestly. I will do that for sure as I begin building the community

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-bitcoinflood-74kiwe)
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@bradleyarrow ·
$0.02
Go for it !BBH
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@rob23 ·
$0.02
I have been grinding on it all day. Looking forward to getting my thoughts down on paper. Thank you for the reblog!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-bradleyarrow-3vsykk)
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@bradleyarrow ·
$0.02
Your welcome πŸ˜ƒ
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@ecency ·
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@finguru ·
Wow, this is a crazy thought @rob23. You must create a Tribe related to your passion. 

I wanted to create my own token but sadly I am bad with the technicalities involved & the calculations especially when it comes to deciding on the Tokenomics. 

Please do share the process as @bitcoinflood mentioned above in his comment. It would be helpful for others who are trying to go down this path. 

I can help you with the Marketing & Branding part for sure but first, you need to figure out the rest of the things which are more important at this point. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-rob23-6rcp2g)
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@rob23 ·
Much appreciated! I will be working on it for a few weeks, I think there will be lots of chances to get involved with it! I will do my best to share my process!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-finguru-42dqx8)
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@finguru ·
That's perfect man. Looking forward to it. 

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@gregory-f ·
I think token sinks are much more important to creating value than token burns are. Look at Splinterlands DEC.
πŸ‘  ,
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@rob23 ·
Hmmm I have never heard of that concept before. I'll take a look, do you know if they have published anything on their token distribution?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-gregory-f-5y9nrd)
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@gregory-f ·
Here's a recent article about how Splinterlands uses faucets and sinks to create value for DEC, their in game token. https://www.publish0x.com/non-fungible-stew/splinterlands-dark-energy-crystals-faucets-and-sinks-xmkyedd

If you go back to when DEC and SPT were first released, there were several posts by @aggroed, @steemmonsters and/or @splinterlands about token distribution.
πŸ‘  
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@hive-112281 ·
Because this is such an awesome post, here is a BBH Tip for you. ![](https://images.hive.blog/p/2bP4pJr4wVimqCWjYimXJe2cnCgn8E8ycTJsHnU9Pw4). Keep up the fantastic work
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@jfang003 ·
I think you need to create the tokenomics first. I think I heard from the owner of the SPORTS community about how they messed up and it caused them to have a huge inflation rate. It also costs more to fix the issues afterwards.

Read this post from aggroed about a tribe before deciding anything
https://peakd.com/@aggroed/how-to-create-a-tribe-and-what-goes-into-it-a-guide-for-the-curious

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vote details (3)
@rob23 ·
Interesting stuff, yeah it was one of my concerns that I would screw up the rates on the tokens, so hearing that reaffirms that fear. I will check out this post now, really helpful stuff thank you!

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@nathanmars ·
>  I am going to be studying up a lot on how to run a tokenized community. I am excited and look forward to sharing details as I piece the project together. If you have any tips or relevant information for me I would be very appreciative of your time and effort in helping me out. 

My tip would be create a list of people who would be part of your tokenised community as the first step. 

However you will have to do it your way and figure it. 

I’ll always be happy to assist you anything you need 


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vote details (3)
@rob23 ·
$0.05
Thank you for the kind offer! I think that is the most important part of things as well because you can't run a successful community with no members

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@ecency ·
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@tanjakolader ·
Just subscribed to your Noisecash account.

Anyway, that's a great idea and go for it! πŸ‘
I'm myself learning the technical ins and outs, so will also read what others are proposing here.

But have you already though of what the tribe will be about? I would start thinking about something that I truly am interested in and haven't seen yet here on Hive. There might be others also interested in that and wouldn't know where to turn to for that.

All the best 😊.
πŸ‘  
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@rob23 ·
Thank you very much for the support, I am really happy you left a comment here! I have thought about the topic and am just keeping it secret in case I make any minor changes to it as to not mislead everyone here! I am excited to share it in the coming weeks as I finalize my plans and hope you are able to join in the action!

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@tanjakolader ·
Ah yes, that's a good approach. Not saying anything yet untill you're certain. Things do change along the way, for example when writing a post here with one thing in mind and at the end it's something different.

Looking forward to the news 😊.
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@tfranzini ·
I'm not really knowledgeable in the technical bits of a tribe but I think you gotta be thorough about the tokenomics because there are things about it that you can't change later, or so I heard.

Good luck with your tribe! I hope to hear more about it soon

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tfranzini/re-rob23-3wxlxb)
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@rob23 ·
It's a slippery slope from what I understand. I am going to be doing a ton of research before I launch and reaching out to successful tribe leaders. I think it is important to launch with great fundamentals

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@tfranzini ·
Definitely! It's gonna be important for the project's long-term sustainability.

Good luck with that and I hope we get to hear more about it soon!

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