Good day everyone! As for does of us that missed the town hall#3 this is what it entails Today, let's delve into the intricate workings of the Hive reward system, with a focus on the reward pool and its key aspects:
Reward Pool Overview
On the Hive blockchain, the "reward pool" signifies the total cryptocurrency rewards available for distribution to content creators and curators. Contributions through posts and upvotes directly impact this pool, with rewards distributed in the form of HIVE tokens.
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FactorsFactors Influencing Rewards
The allocation of rewards considers factors such as a user's HIVE Power, content popularity, and the distribution algorithm. Content creators and curators receive a share of the reward pool based on these parameters, fostering a system that incentivizes quality content creation and community engagement.
Source of Rewards
Primarily, rewards on Hive come from the inflationary issuance of new HIVE tokens. Here's a breakdown:
Block Rewards: Majority of the reward pool originates from newly created tokens with each blockchain block. These block rewards are distributed to both content creators and curators.
Author Rewards: Users contributing content receive a share of the reward, sourced from the new tokens within the block reward.
Curation Rewards: Users supporting content through upvotes also earn a share, sourced from the same pool of new tokens.
Inflation Schedule and Community Growth
HIVE's total supply adheres to a predetermined inflation schedule. The intent is to stimulate content creation and curation by increasing the token supply as the platform grows, fostering community participation.
Can Rewards Come From Elsewhere?
The Hive reward system primarily relies on the reward pool generated through the inflationary issuance of new tokens. As of now, rewards do not originate from any other source. This mechanism is instrumental in maintaining the integrity of the reward system.
Personal Perspective
I personally don't have any issues with the current reward system and haven't formed any additional opinions on the matter. The existing reward pool system seems adequate and well-structured.
Thanks for taking the time to read my post! Feel free to share your thoughts on the Hive reward system, your time is truely appreciated.
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