I still have a lot of work to do before the GLD coin and the #earnspendgive community are ready for prime time.
However, I've got a few regular posters, a liquidity pool for the token up, and a use for the coin laid out.
This week I paid out 600 GLD tokens to three great people who posted to the community (200 each) about the topic "How do you access Hive?". This week coming up I'll be rewarding people who write either to "How do you access Hive?" or the new topic "Do you try to conserve data online? If so, how?".
How much are the rewards going to be this week?
Well, I was able to generate 33 Leo tokens this week which will be converted into GLD.
So, 5.2 Hive will be converted to GLD.
How much is GLD worth?
1 GLD is only worth 0.00761 Hive. Still have a ways to go before it hits the 0.01 I'm aiming for.
So, what happens after I purchase some more GLD for this weeks payouts?
I now have an additional 666 GLD to give away for this weeks prize money. The price of GLD rose by roughly 2%
So now GLD goes from 0.0761 to 0.0795
Ever so slowly the price goes up :)
A special note of thanks to for the 10 LEO reward for the #hivelearners thread post prompt ... A little bonus for people who post in #earnspendgive.
Thanks everyone.
Until next week.