Posts

Announcing the Travel Reimbursement Fund for HiveFest⁷

avatar of @t-r-f
25
Travel Reimbursement Fund
@t-r-f
·
0 views
·
2 min read

HiveFest is the annual event that celebrates all things related to the Hive blockchain. The event is usually held in a different city each year, and in 2022, it will be held in Amsterdam from 15 till 18 September.

The Travel Reimbursement Fund is a way to help offset the costs of travel for Hive users who want to attend HiveFest. The fund is supported by donations from the Hive community.

The idea behind this fund is to make it possible for as many people each with their own specific economic status to come to HiveFest. Anyone can donate to @t-r-f by sending Hive or HBD.

If you are interested in attending HiveFest in Amsterdam, but are worried about the cost of travel, the Travel Reimbursement Fund may be able to help you by reimbursing a portion of your travel expenses.

We are excited to offer this opportunity to help members of our community. We believe that by coming together in person, we can create even stronger bonds and further grow the Hive community.

How the HiveFest Travel Reimbursement Fund works

During the HiveFest days, on-site only (proof of attendance), attendees can apply to get their part of the donated funds. How much everyone receives is calculated based on the single-leg distance from originating airport to destination (Schiphol Amsterdam Airport).

Everyone can choose to apply or not. Applying is required should you want to receive a part of the donation pie, and if you decide not to apply, you basically give up your piece, which will result in a bigger piece for the applicants.

A couple of days after HiveFest, all calculations and fund distributions are done on-chain and the @t-r-f will be emptied through the following distribution:

  1. Base Pay: Allocating 10% of the donated funds to distribute evenly to every applicant for the Reimbusement Funds. Formula: 1/total_applicants (total_funds 10%)
  2. Adding up all single-leg distances from the applicants.
  3. Per applicant share formula:
    Base Pay (see 1) + (user_single_leg_distance / total_single_leg_distances (total_funds 90%)).

Get rewarded with a Hivebuzz badge

For several years, the Hivebuzz team has supported this initiative and offers a badge to everyone who makes a donation to @t-r-f.

You can read this post for more information about it.

@t-r-f is now open for funding!

If you want to support fellow Hive users to lower their travel expenses, please supply any amount of HBD or HIVE you want to donate:

  • Simply transfer any amount of HBD to @t-r-f (note the dashes between the letters).
  • Additionally you could set @t-r-f as a beneficiary on your future posts!

On behalf of all HiveFest attendees, thank you for your support!

PS: The rewards for this post will of course be added to the fund