Good day everyone, today I'll be discussing on the hive reward system, focusing on:
- Reward pool
- From where should the rewards come from
- Can the rewards come from anywhere else
On the Hive blockchain, the "reward pool" refers to the total amount of cryptocurrency rewards available for distribution to content creators and curators. When users post content or upvote posts, they contribute to this reward pool. Rewards are typically distributed in the form of HIVE tokens.
The allocation of rewards depends on various factors, including the amount of HIVE Power (vested tokens) a user has, the popularity of the content, and the overall distribution algorithm. Content creators and curators receive a share of the reward pool based on these factors.
Source
In essence, the reward pool is a mechanism designed to incentivize quality content creation and encourage user engagement within the Hive community.
On Hive, rewards primarily come from the inflationary issuance of new HIVE tokens. Here's a breakdown of how rewards are generated:
Block Rewards: New HIVE tokens are created with each block that is added to the blockchain. These newly created tokens make up the majority of the reward pool. Block rewards are distributed to content creators and curators.
Author Rewards: When a user creates a post or contributes content, they can earn author rewards. This portion of the reward comes from the newly created tokens in the block reward.
Curation Rewards: Users who upvote or curate content also receive a portion of the reward. Curation rewards come from the same pool of new tokens, encouraging users to identify and support valuable content.
It's important to note that the total supply of HIVE is subject to a predetermined inflation schedule. The idea is that as the platform grows and more users participate, the increased token supply helps incentivize content creation and curation.
This mechanism is designed to distribute rewards throughout the community, motivating both content creators and curators to actively engage with the platform.
Can there come from any other place than the reward pool.
I personal do not have an issues, with the reward system, and have not further opinion on this.
I don't think reward can come from anywhere else as these reward pool system is okay.
Thanks for reading my post.