Content pfp
Content
@
https://warpcast.com/~/channel/success
0 reply
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
How does Success Syndicate work? To cast in /success, you have to subscribe. Subscribers get the following benefits: - The ability to cast in this channel - Access to our exclusive group chat - Entry in DAILY DEGEN raffles Get started here: https://hypersub.withfabric.xyz/collection/the-success-syndicate-uuvwi2mce39c
47 replies
20 recasts
71 reactions
Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
interesting!
1 reply
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
It's such a fascinating concept bro. 50% of all the subscription revenue goes into a rewards pool for the subscribers. The longer you subscribe, the more of the pool you are entitled to. Subscribers have already made back .22 ETH in the last 2 days. Many of them have already paid for their subscription. :)
1 reply
0 recast
0 reaction
Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
how does the rewards pool generate income? because this definitely sounds like a ponzi lol
2 replies
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
The rewards come out of the subscription revenue. 50% of all the subscription revenue goes into the rewards pool. It's actually the complete opposite of a ponzi. https://hypersub.withfabric.xyz/collection/the-success-syndicate-uuvwi2mce39c/rewards
1 reply
0 recast
0 reaction
Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
so then why wouldn't the subscriptions cost 50% less?
1 reply
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
Because the pool is divided up based on who is subscribed the longest. Longer subscribers, get a bigger percentage of the pool. This encourages people to both grow the community (and their rewards) + subscribe for longer. :)
1 reply
0 recast
0 reaction
Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
thats MLM bruh >< call it what you want mwhahahahahaha
1 reply
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
I mean if that's how you see it, no worries. MLM offers very little value. I think there is a lot of value in this offering and I think hypersub is the future of Warpcast. The /memes channel is now run pretty much the same way. You need a subscription to cast there as well.
1 reply
0 recast
0 reaction
Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
pay gating is the opposite of what memes should be lololol wtf, thats basically the opposite of the spirit of memes. society is fukked
2 replies
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
@nonlinear.eth described it really well. Having a hypersub for /memes is like taking money from the nondank and giving it to the dank. Because the top casters are rewarded for making banging casts, and the shitcasters are paying for it. 🤷‍♂️
1 reply
0 recast
0 reaction
Maretus pfp
Maretus
@maretus
It helps keep out spam, and it helps pay back the best casters in the community there. In /memes, the majority of the revenue goes back to top casters. If you make a great cast there, you can receive a payout from the hypersub. So far, I believe like 20 people have gotten 15$ payouts good casts.
0 reply
0 recast
0 reaction