Project Update #5: Crazy Hardforks, New STEEM, Delays and Updates

in #cannabis2 years ago

It has been a very tumultuous past few weeks for the whole community as well as for myself. The hardforks that were supposed to bring us into the era a new STEEM have actually brought less engagement and overall satisfaction. The problems are never ending it seems and there is very little hope on the horizon (for now).

The promise of SMT's by Steemit Inc has been continually delayed and at this point it doesn't seem likely that they will be launching by the year's end. With the advent of the SCOTbot/Steem-engine platform however we may not really need SMT's to save us right now.

STEEM prices are still struggling pretty hard against both the dollar and against Bitcoin. We are hovering right around the low that was set not too long ago and I believe that investors are losing patience and faith in the platform. I am still hopeful that we are going to see some drastic changes in the near future but that is going to take some serious commitment from the rest of the Steem community. The morale is at a low even with the "New STEEM" upgrades.



We haven't really been getting any new token holders the past two weeks, which I suspect is partly due to the reasons listed above. However there has been continued support from the existing token holders which has slowly brought up the total SP.

Once the prices of STEEM start to pick up again we should see some more interest in the Steem-engine tokens and the whole ecosystem. This will increase value across the board for both STEEM and CANNA holders.

Additionally I have been staking all of the token rewards like PAL, LEO and WEED so all of our CANNA holders are getting a bonus reward for using the corresponding hashtags (palnet, steemleo, weedcash). Over time our stake will continue to increase and so will the layered vote rewards.


The number of delegators has been slowly increasing so I have expanded the rewards pool capacity yet again to 2000 SP now. By delegating to @Canna-Collective you will be rewarded according to your proportional contribution on a weekly basis.

This past week because of the bugs and hardforks the Steem blockchain halted and we were not paid out on two different days. You may have noticed a slight decrease in payouts this week but once things start to smooth out on the blockchain the rewards should pick back up again.

Generally we are seeing returns of 19%+ APR for passive delegation rewards. If you want to see increased ROI, and are actively creating posts, then considering our CANNA token which rewards holders in the form of a daily up-vote.

The rewards pool is sitting at 2000 SP and can be increased as needed. This system was designed to help support our community through passive rewards for small amounts of STEEM Power that you may not be utilizing. In the future this rewards pool will help generate some project funds, but currently it is paying out bonus rewards weekly.


Delegate 20 SP --------------- Delegate 50 SP-------------- Delegate 100 SP---------- Delegate 200 SP

Please consider delegating for passive rewards on your STEEM Power. In the future some of the rewards pool will be used to fund the project.

By delegating you are helping to contribute to our collective voting power and will be supporting your community- in return you will get a piece of the delegator reward pool payouts.

Payouts were a little late this week as I was sorting out a long distance move and was unable to access many of my files. This week everything should be back to normal so expect payouts on Sunday as per usual :)

Also I have been slowly creating about two new account claim tickets per week so we can start onboarding friends and family. Leave a comment down below if you know someone who could use a free and instant account!




*DISCLAIMER: This Canna-Collective Project Update is for information purposes only. Canna-Collective/Canna-Curate does not guarantee the accuracy of or the conclusions reached in this Project Update, and this paper is provided “as is”. Canna-Collective does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or noninfringement; (ii) that the contents of this paper are free from error; and (iii) that such contents will not infringe third-party rights. Canna-Collective and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will Canna-Collective or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.

Dont forget a delegation to @canna-curate gets you a daily upvote. Right now we are sitting at 20ksp


I am about to launch our super top secret new project so keep posted guys! I'm just waiting for a few last things to fall in line.

To view or trade BEER go to steem-engine.

Hey @jonyoudyer, here is your BEER token. Enjoy it!

Well, receiving upvotes instead of liquid Steem for delegation doesn’t seem too attractive.
Anyways, wish you and the entire S-E ecosystem good luck!

Posted using Partiko iOS

This is how it works:
Delegate to this account (@Canna-Collective) and you get liquid STEEM payouts.
Delegate to @Canna-Curate and you get up-votes

with tokens around..who cares about SMTs, they are basically already here😂

Exactly my thoughts. Steemit Inc dropped the ball with the SMT thing and the community said why not just do it ourselves! We have the technology and the technical knowledge- all that we need is for the Steem blockchain to pick back up and for the STEEM tokens to appreciate in value.

eventually 🌕📈!

You caught me with a couple STEEM sitting in steem-engine so I bought a couple tokens

Very nice! You already get a pretty decent sized upvote from me through the Canna-curate curation trail so once you get more tokens then youll be getting a sizable vote from the account. The CANNA tokens do appreciate in value over time. Also I'm launching another top secret part of the Canna Collective project but the details wont be revealed until I get everything organized.

Please do give organic curation a chance, if this post had not been promoted with stacked purchased bot votes, I may have upvoted it instead of downvoting it. #NewSteem

Is that really necessary though.

-53% ( $ -9.33 / ~ -7.23 USD )

This is money that is being used to support the community and youre taking it away because you think that paid upvotes are bad?

Thats just fucked up.

Ya that was too high I lowered it to something more reasonable.

Ya that was too high
I lowered it to something
More reasonable.

                 - theycallmedan

I'm a bot. I detect haiku.

Paid upvotes that offer ROI are bad for Steem. I paid a lot of money for my Steem and I don't like to see it being abused with paid votes that destroy organic curation which hurts my investment directly.
I know a lot of people don't understand why paid upvotes that offer ROI are bad. I will continue to use my DVs and explain to people why they are bad until people realize they need to burn some Steem so they are not abusing the reward pool.

I understand. I fully support your right to downvote people as you see fit. That is part of the STEEM ecosystem whether we like it or not.

Thanks for sharing the details with us.

Posted using Partiko Android

If you would like to participate you can buy CANNA tokens from Steem-engine and get an up-vote from the @Canna-Collective account ;)

Congratulations @canna-collective! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 3000 upvotes. Your next target is to reach 4000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hi @canna-collective!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 2.045 which ranks you at #26136 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 102 contributions, your post is ranked at #45.

Evaluation of your UA score:
  • Only a few people are following you, try to convince more people with good work.
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

I have a couple of Steem I could put to some tokens. Also waiting on some undelegation from some bots so I will throw a bit your way.

Very nice man! With STEEM prices this low it is a great opportunity for you to start accumulating some CANNA tokens. The price is going to go up after each Token Stage so get them while they are still cheap.

After the first 5000 tokens I am going to increase the sale price to 1.1 STEEM each. Then after that token stage there are going to be 10,000 tokens for sale at 1.2 STEEM a piece.

Gradually the price of STEEM will increase vs the US dollar as well. Tokens are being bought back at a 90% rate right now.