Steem Philippines | 13th Official Meetup in Davao City
Yesterday on September 4th, 2009 (Wednesday) the #SteemPhilippines group had it's 3rd official meetup.
The plan was for it to start at Bo's Coffee in SM Ecoland (Davao City) but @nathansenn was running late. @chrisrice was running a little late too since @emafe wanted to eat hot cakes (pancakes) on the side of SM where they sell street food, Chris also went to 7-11 first to buy a little more Steem.
This meetup was more light-hearted than the previous ones. Gerhard joked a lot, he talked about his faith in the Trump adminstration and Chris talked about Steem-Engine and making communities at the current price of ENG tokens.
The way it works is that anyone with an interest in creating an online community can essentially pay 3,200 Steem ($544 USD) to launch their own version of Steemit with their own unique token displayed & used on the website instead of Steem. And then if they advance another 1 Steem for every "active" user they plan on having in the future, they can then run their Steem-Engine-based DAPP without having to pay any hosting fees - as long as Steem-Engine is in business and the community owner keeps enough of the ENGs they bought staked to their project (1 ENG per active user / $0.17 USD per active user), they won't have to pay anything each year except for maybe their domain name renewal.
@chrisrice proceeded to ask @nathansenn when he got there if this was a good deal and Nathan said it sounded decent. For Nathan though, it would probably make more sense for him to just start his own DAPP without Steem-Engine, but Chris emphasized how DAPPs launched on Steem-Engine are more or less turnkey, and wouldn't require much maintanance since the maintanance and even most of the upgrades would be handled by Steem-Engine and the @aggroed team.
This led to some interesting discussions and the group ate Pizza at S&R, talked about buying more Steem and possibly ENG if prices went lower, and after that, the group called it a night.
If you want to see some clips of the 1st #SteemPhilippines meetup, it is included towards the end of this video: