Introducing $LOLZ - The Hive Engagement Token With A Funny Bone

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(Edited)

Introducing $LOLZ

LOLZ is a brand new Hive engagement token with the mission of spreading laughter and joy on the Hive blockchain. And while the LOLZ Project may have a sense of humor, it is no joke.

Read on to to learn more about the LOLZ Project, tokenomics, and our future plans.

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How To Mine LOLZ

LOLZ is the world's first "Proof of Humor" token and is "mined" when LOLZ holders use the !LOL or !LOLZ command in comments to share a clean joke and tip the author a freshly minted LOLZ token.

The amount of LOLZ holdings required to use the commands are shown below. By holding more than the minimum users are able to "level up" and can give up to ten tips per day.

LevelLOLZ HeldCalls/Day
Quick Wit161
Class Clown322
Jester644
Standup1286
Comedian2568
Headliner51210

Example Use of !LOL Command

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Tokenomics

The LOLZ token was created on the Hive blockchain with a maximum supply of 1 Trillion tokens. Each time the command is used, 1 LOLZ is mined and sent to the tipped author.

In addition to mined LOLZ tokens, LOLZ tokens will be issued for use in contests and other incentives. A reward of 5% of mined LOLZ will also be distributed monthly to the development team.

It is our intent to let the market determine the value of LOLZ and will not be buying or selling LOLZ tokens in an attempt to impact the price. Rather we plan to work to add value to the LOLZ token.

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Future Plans

The LOLZ Project is just getting started and we are looking for more ways to bring intrinsic value to the LOLZ token.

One idea we are working on right now includes adding a random chance to have your comment and the authors post up-voted by @lolztoken. We are also exploring options for games, NFTs, and defi. All with the intent to add value to the LOLZ token.

Finally A Word of Warning

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At our heart, the LOLZ project is about rewarding engagement. But it has come to our attention that a small number of our users have been engaging in quid pro quo sharing (in other words tipping a token with the expectation that the recipient will tip them back) and other practices that have little or nothing to do with engagement.

While we encourage the use of !LOLZ as a thank you to Hive users for running contests or leaving comments on your posts, (just as examples), we will not support abuses of the command. Examples of abuse include:

  • Asking for your comment to be upvoted because you tipped the author
  • Tipping yourself via an alternative account
  • Engaging in schemes to facilitate quid pro quo tipping

We have already restricted the number of times per day two users can share an !LOLZ with each other to just 2 times per day (one tip each way) to prevent abuse.

With this warning we hope everyone will think about how and why they are using LOLZ. If you are using it to reward someone else for their post or comment, you are probably in a good spot. If you are using it to try and gain something for yourself, you are on slippery ground.

We have the ability to block any user from tipping or being tipped who we feel, at our discretion, is abusing the system and we will use it if necessary. Consider yourselves warned.

Now lets get back to having fun, sharing laughs, and sharing LOLZ! Thanks again to everyone who are helping us make LOLZ a special project.

Help Support the LOLZ Project

Well, hopefully if you have made it this far you like what you see and just maybe you are thinking, "Hey, how can I help?" I'm glad you asked. Here are a few ways you can help the LOLZ Project.

  • Use the !LOL and !LOLZ command often to tip fellow Hive authors.
  • If one of our jokes makes you smile, consider giving it an upvote! All rewards will be staked to help cover Resource Credit costs for the bot and increase curation value.
  • Follow @lolztoken and participate in our airdrops, contests, and giveaways.
  • Delegate or donate. Hey, we aren't too proud to beg. If you have some extra Hive power you can spare consider delegating it to @lolztoken, or use the link below to donate Hive.

Big Thank You to @pizza Team

The @lolztoken bot is powered by a slightly modified version of the open source pizza-bot code. Thank you for sharing your amazing code.



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(Edited)

This looks promising! 😁😎👍 @ervin-lemark

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Thanks! !LOLZ

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!LOL

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Look, I am amused by this token, I am going to give it away in my daily raffle. And to add value, everyone who uses them in the comments will receive double chances to win Rising star Cards.
!PIZZA

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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
yeckingo1 tipped lolztoken (x1)
trentonlundy1 tipped lolztoken (x1)
savvyplayer tipped mehmetfix (x1)
htwegyi tipped tin.aung.soe (x1)
vikbuddy tipped lolztoken (x1)
ong.aye.myat.mon tipped callmemaungthan (x1)
callmemaungthan tipped tin.aung.soe (x1)
myanmarkoko tipped tin.aung.soe (x1)
spiritverve tipped lolztoken (x1)
forykw tipped ervin-lemark (x1)
captaincryptic tipped ervin-lemark (x1)
shmoogleosukami tipped lolztoken (x1)
r0nny tipped lolztoken (x1)
@savvyplayer(8/20) tipped @atma.love (x1)
nilarwin tipped lolztoken (x1)
savvyplayer tipped captaincryptic (x1)

Learn more at https://hive.pizza.

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Congratulations @lolztoken! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You made more than 50 comments.
Your next target is to reach 100 comments.
You received more than 10 upvotes.
Your next target is to reach 50 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support the HiveBuzz project. Vote for our proposal!
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Followed and Reblogged. I loved this project, waiting something for like this. Thank you so much. Now engagement will be more fun. 😊🙏

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Super interesting... Rebloged
I'm loving the jokes.

Tagging a friend that also like quick jokes. @portugalzin

!LOLZ

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Haha what a great project. I will support it for sure and I think @mind-ctrl who joined Hive just recently may enjoy it as well 😅

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And I just wanted to talk about an Airdrop for your token with my ... !LOLZ !PGM

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Sent 0.1 PGM tokens to @zottone444, @lolztoken

remaining commands 5

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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@libertycrypto27 vedi un pò se ti può interessare

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thanks for the tag @zottone444
I'll try the command now !LOL !BEER

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Grande , vediamo se riesco a stringere una collaborazione per un airdrop :)

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Friend, however, if you want you can improve the airdrop by doing something like this, tell me if you are interested, all those who have 100 PGM will receive 1 LOLZ token, so every 100 PGM a LOLZ, what do you think, you would like an idea, so you would advertise to your token;) !PGM !LOLZ

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Sent 0.1 PGM tokens to @zottone444, @lolztoken

remaining commands 4

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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Discord image.png

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I like the idea of doing an airdrop to PGM holders. But would probably be more like 1 for everyone with > 100 PGM. Let me know if that is something that would be of interest to you.

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Tell me well what you would like to do, like every 50 PGM a LOLZ token ?

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I believe that it is a right thing to send 1 LOLZ every 50 pgm for each PGM holder, also in order not to devalue the token in my opinion ... What do you think

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It's a great idea, seriously.

Followed, reblogged, upvoted, commenting (this), testing, tagging @forykw.

Also, bought 1 $LOLZ :)

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Wow... that is awesome. The first transaction! I !LUV it, !LOL !PIZZA

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:) Thank you :)

!BEER

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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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Good stuff man! untitled.gif

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Glad you like it! I hope you will make lots of use of it! !LOL

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You are the genius that came up with this!? !LOL

You will need a lot of RC on that bot… 🤣

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Self-proclaimed genius, yes. !LOL and yes, RC was my big concern but so for the 1000 HP I put on it has been more than enough.

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1 $LOLZ is on sale for the price I bought it :)

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Awesome... someone needs to set the price! Thanks!

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YOu are welcome. Looking forward to many more $LOLZ :)

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(Edited)

Any project that generates and encourages interaction on Hive is a great project, so thank you :)
@mad-runner @bencwarmer @robibasa
!BEER
!PIZZA
!LUV
!PGM

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Sent 0.1 PGM tokens to @lolztoken

remaining commands 2

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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Discord image.png

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Sent 0.1 PGM tokens to @lolztoken

remaining commands 1

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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Discord image.png

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Grazie @libertycrypto27 per la segnalazione

Anche @blumela e @ifiwasfrank saranno felici del progetto!

Thanks @libertycrypto27 for the tag.

@blumela and @ifiwasfrank are happy for this new project!

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Prego @bencwarmer avrei taggato tutti gli utenti di Olio di Balena essendo questo un airdrop di token nuovi ma sapevo che si sarebbe scatenata una reazione a catena e quello volevo ;)
!BEER

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Beh, più che ovvio... soprattutto quando è gratis...almeno per il momento 😜

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Fantastico! Grazie mille per avermelo segnalato 😉 E poi che bel modo di minare 😅

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Have an !LOL

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let's give this a try !LOLZ

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Yeha I’m happy to be in!!

@coccodema forse ti fa piacere essere taggato qui!:)

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(Edited)

Is it OK if I leave a !lolz comment on poorly educated hot-takes :D

@knowhow92 @howdarylrolls

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Great initiative! That would be something e.g. for @barmbo, to incentivize commentors and engagement to his "Lachen am Morgen" posts!

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I like this.
!LUV
!PIZZA
!LOLZ
!PGM

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There is not a joke in this comment, just a single man testing a command, so, keep doing your activities !LOL

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But you are such a funny guy! !LOL (by the way, you can't use it to tip the @lolztoken account, as it is the account that sends the tokens. So good news is you still have one (well two now) to use today!

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@bencwarmer check out this new token

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!LOL

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Sorry, you can't tip the @lolztoken account. So good news is you still have 1 (now 2) tips you can give out today.

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Yo, @amanda.yrr we should go deep in this one!

DEEP!!!!!!!!!

Eythorphoto!

p.s. Eythorphoto supports the !LULZ token! YEAH!

... I´m syked!

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(Edited)

or you can use !LOL too.

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Oh my LOLZ
I love it! ☺

@Uyobong here's some LOLZ for you

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I love that you love it! !LOLZ (don't forget to use the exclamation point!)

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Did you hear about the farmer that fed his chickens avocados?
All you could hear around there was “guac, guac, guac, guac.”

@sir-abas, I sent you an $LOLZ on behalf of @captaincryptic
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (30/4)

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This is amazing
tagging @rupinder and @harpreetjanda
!LOLZ

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Thanks for coming up with a very good intiative like this.

Am tagging @funshee


Posted via proofofbrain.io

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You are very welcome. I hope you !LOL everyday!

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Thank you @firstborn.pob I wish you lots of !LOLZ today

Let me call out my POB squad to come and have fun.
@doziekash @merit.ahama @popmanj @chincoculbert have you guys seen this?

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(Edited)

Just saw it now and I participated already, thanks for the mention girl I appreciate 😊

!LOLZ

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I knew you will be here already. Even before !LOL You Have Been sharing lots of laughter on the platform

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😂 You're always hyping me anywhere you see my small comments, please don't announce it too much because I'll soon get too busy to even ask of you 🥺😒

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You deserve all the hyping you get🙂
Why will you get too busy??

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(Edited)

Can't say now but I will soon, I'm not leaving totally though... I'll still try to show up when you tag me 😉

By the way, the Dreemport challenge is still on and I'm going to the end of it 😃

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I was about to ask you not to leave till i take you on that trip i promised you! I'm glad you will be sticking around till the end of the contest at least

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(Edited)

😂 I won't miss that trip for anything, I'm here o
Better plan it very well 😜

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Wow!! This is awesome. What an easy way to access some pretty funny jokes. @blezyn have you seen this?

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Thanks for tagging me, I'm just seeing this. It will sure be nice to come here and have access to jokes🤭

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Where can i check mined amount?
!lol

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I will post updates but you can check how much !LOLZ has been mined by looking at the richlist on leodex.io - https://leodex.io/richlist/LOLZ and subtract the amount from the @lolztoken account from 100,000 (what has currently been issued). Right now that would indicate around 260 mined + airdropped. About 1/2 are mined, the other were airdropped, so around 130 have been mined so far.

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Looks very nice @barreloflaughs

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Nice, I think @barreloflaughs will really like !LOLZ based on his username.

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This sounds like an interesting and fun way to award Hive friends. Good luck with the project.

@brittandjosie why not join in with some good cheer?

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Are you kidding me? Do you want to tell me that I just need type !LOLZ for mining one? This is great! 🤩🙌

@stefano.massari take a look at this airdrop 😉

!LUV

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grazie @ifiwasfrank per il TAG, nei prossimi mesi voglio capire qualcosa in più dei token layer 2 di HIVE

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Sono davvero interessantissimi, anch'io però devo studiarmeli meglio.
Ti linko qui già che ci sono il mio articolo su Terra (che però è un esclusiva per ITA Stakers quindi rimane solo sul loro medium): https://blog.itastakers.com/terra-money-la-stablecoin-del-futuro-962af32039f9
Spero ti piaccia! ;)

Intanto miniamo un altro !LOL 😂

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!LOLZ

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The bad news is that you can't use the !LOLZ token to tip the @lolztoken account but the good news is that you still have one (well now 2) uses for today!

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Super interesting
Reblogged
!LOLZ
@ddn688 and @chidiadi1 check this out

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Who is the creator? :)

Tagging @flipflopcrypto

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What's this? I'll check it out on the weekends

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Lots of !LOL is coming soon to place near all us... !LOLZ

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!LOL will get so much used !LOL

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!LOLZ just in case I missed you earlier...

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(Edited)

!LOLZ try 3... @lolztoken can't use the command.

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