Every work, every participation, every contribution and every commitment deserves reward in one way or the other. The best “thank you" and "well done" for every contribution made is in the form of a reward. What I get the most satisfaction from is recognition and hive blockchain are very good in recognising commitment and key performance within the chain. There is this beautiful topic from the ice podcast a day ago. I was so delighted to participate in that podcast as the topic resonated with me. One of my great achievements in 2023 is the privilege of knowing hive blockchain. Yeah, knowing hive has helped me in various ways be it in learning and connecting with valued people.
Hive is a blockchain that rewards every social action or contribution on the chain, these actions can be in the form of engagement or blogging. There's this talk about the removal of reward on content from the reward pool. Well, I'm a new hivian but staying around for over two months, there's this happiness i get once it counts 7 days after my post. Just in case you don't know what reward is all about.
Reward pool
The reward pool is a pool of funds that is used to pay out rewards to users who participate in the community. The funds in the reward pool come from transaction fees and other sources, such as user donations. Source
So, as I was saying whether we take it or not one of the best motivations for contribution is reward and this can only come in the form of upvotes. As a good researcher and observant personality, one of the major issues of hive is transaction
Transaction
Transaction is the power booster of a token because the more you transact, the more value to the token. At the same time, transactions can also bring more users to adopt the token. The growth of hive depends strongly on passionate stakeholders.
Where should the reward come from
It is known that the reward leveraged by bloggers on hive blockchain is presently the lawyer one token which is the native token of hive. Just like I have pointed out one and the only way to improve the value of this token is by transaction. These transactions can either be in the form of stalking more of your reward. So, as a blogger it is very advisable to hold more of your reward.
This issue of removing the reward, then attaching reward in form of layer two token is still a hot topic so the best way to sort the problem is by attacking a particular time for the execution of the conclusion. Whether we like it or not bloggers are also important on the chain because most of the content consumed by users that knows nothing about the platform are the work of the blogger. So, I guess taking chills in the switching of the reward plans will be the best option.
Zeegirl 🌻