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RE: Daily Report of Day 585 | Dev goals ( 0 🆕 | 0 ✅ | 2 ⏳ )
(edited)
Hi. I have a few questions @hive-lu
- Are you selling these tokens in exchange for votes?
- Why are you self-voting on these token-selling reports?
0.00000000 BEE
Hello @hivewatchers
To quickly explain, if you are a Lu token holder, you receive HIVE (PowerDown from @hive-lu) every day, the entire pool is divided proportionally to the amount of token you have. If you have at least 50Lu (you are a curator), the @hive-lu account votes once a day for your post, and follows your best vote - this is called King Lucoin. Many tokens work on a similar principle, voting for holders of a given token, e.g. BRO, LGN, SOL, DUO, EDS, etc.
I vote for my post like many other people do, it is a one-time vote on a given day. 50% of the rewards from this post are transferred to the winning votes for other people whose posts from 7 days ago were the best that @hive-lu voted for (this is a type of reward)
If I do something that is not in line with Hive's good practices, which are not good, let me know. I think many people on Hive have been doing this for many years and such practices are tolerated. You can read more about how rewards, votes, etc. work in the daily report on the @hive-lu account