1k POB staked goal reached


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One of the more recent communities in HIVE that came out is the Proof Of Brain tribe. As it is fairly new, I think having 1k POB staked is a huge milestone. It is currently a growing community with plenty of activity. You can see that my POB staked is now over 1k now after staking 44 POB in this transaction.

5-16 POB balance and stake.png

What is (POB)?

POB is the Hive Engine token for the Proof of Brain community. The POP whitepaper has stated this token can only be minted by making posts/comments and curating content. When the token was launched, there was no extra tokens airdropped to people and the founder.

The design of POB token is inspired by Bitcoin, Hive, and LeoFinance.

One of the things that makes POB different from the other tokens on HIVE is the tokenomics. The inflation model is based on Bitcoin so after four years, the amount of tokens being produced will be cut in half. At the same time, it has a similar linear rewards model like LeoFinance so you get half of anything you vote on and you won't give up some of your POB to early voters.

Why I like POB?

The major reason why I like the POB token is because it is a general tag. So it is inclusive and allows a large variety of content from crypto, games and even movies.

Another reason why I really like the POB tribe is because of the how the balance structure is spread out to include many different people. As it has a linear structure, I think it also incentivizes people to upvote comments and encourage engagement.

amr008's chart for the top 25 stake holders

In one of the recent posts by @amr008, he has analyzed the data happening in POB over the past month here. In the picture above, the top two earners are community accounts and it is being spread out between the rest of the tribe competitively. So there is no specific whales taking up a huge majority of the created POB tokens.

Like I mentioned in the previous section, the inflation of the token will be cut in half and every token before will be worth more. So if I continue to stack, I will have a sizable amount due to the decreased supply a few years from now.

How do I get POB?

  • Author rewards
  • Curation rewards
  • Comment benefactor rewards ( Means someone adds you as a beneficiary for their posts )
  • Token benefactor rewards

I think @amr008 summarized how you get POB in his post very well. He also mentions that there is a 10% tax if you post outside of the Proof of Brain front-end.

Besides making posts, there is another way to get Proof of Brain and it is through Hive Engine. So you can always convert your earned POB into HIVE or buy more POB to increase your own stake. I suggest you stake the POB though to get more rewards because you can earn POB by voting on content as well.

5-16 POB chart.png

I think the current price action of the chart shows how people see the future of the tribe. There just isn't enough POB on the open market so the prices just keep going up. As of right now, a single POB token is worth $0.623 and the volume in the past 24 hours is $1,757.

amr008's May 9th POB Engagement Chart

As of right now, I think the best ways to earn POB is to make posts and comments. In fact, the engagement project run by @amr008 rewards people with POB upvotes when they make comments on the POB front-end. Of course the competition is quite tough over there right now and you may need to leave a few to qualify as the top 25 commenters that day. In the picture above, you would of needed 4 different comments to make the list.

At the same time if you don't have time to curate POB content, you can delegate it over to @amr008.pob as part of the Engagement Project to receive dividends instead. As of the latest dividends report, the current APR is 339.8%. As he makes posts generally daily, he adds the author rewards to the total pool to increase the APR after taking his cut.

Conclusion

So to summarize, I like POB because of the following points.

  • for general content (inclusive)
  • linear rewards structure (encourages engagement)
  • community (spread out to many people and not concentrated)
  • tokenomics (halving cycle reduces inflation in a few years)

The only downside I see right now is that there is no use case. I have heard of talks to revamp the current front-end so its not the general HIVE condenser front-end. I believe the funds for doing this will be paid using the pob.funds account which has been accumulating the taxed POB tokens.

Please feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.


Posted via proofofbrain.io



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22 comments
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Your current Rank (35) in the battle Arena of Holybread has granted you an Upvote of 29%

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Nice! I should be there in less than a week too hopefully:).

Keep on stacking POB!😎


Posted via proofofbrain.io

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Thank you. Good luck on getting to 10k and I definitely will keep stacking my POB. I am just hoping more will happen on the development end for the site or use-cases eventually.

Posted Using LeoFinance Beta

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Amazing

This is just about everything we need to know about POB

I appreciate you taking the time to do create this

It is already on my bookmark, and once I hit the post button for this comment, I am reblogging this for posterity purpose

The future of POB is bright with all of the white paper and halving options that we have

We need everyone to stay on board and let's win this

Together, we can move POB forward


Posted via proofofbrain.io

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Thank you. I think the future of POB is bright and it has a lot of potential. However I don't think we can just slack off and I would like to see some progress happen over the next few months.

Ideally, I would like to see some use cases to show that there is indeed a use for POB besides just curating content.

!ENGAGE 10


Posted via proofofbrain.io

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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the top two earners are community accounts...

Really? #1 is a community acct?
How I can know this? Where is the proof?
Who is behind this acct? A single person? A group?
If a group - who are in this group?

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I guess I might be a bit wrong about that but that was my assumption based on @amr008's post. I do think that we have zero information about who is behind the account.

However I do think they have been talking out in the open about the roadmap. At least from the posts I have seen from the accounts, I have assumed that it was the community account and they have yet to take any action that shows any malicious intentions.

But it is very well possible that we could see a similar problem as the BLOG token where the account issued a ton of tokens for itself. Then it started dumping a bunch of it onto the open market. Thus there is still some risks.

!ENGAGE 10


Posted via proofofbrain.io

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Wow, I didn't know about some of these aspects of the POB community. Looks like I might have to get over there and start commenting whenever I have a break from LMT. Might have to delegate too. Which brings up a question: Are they delegating to amr008.pob in for example on POB, using POB tokens or HIVE, LEO?

Posted Using LeoFinance Beta

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You have to delegate POB to @amr008.pob to earn POB. Unfortunately I do not think there are any services that give POB tokens directly for HIVE or LEO. I think the proofofbrain.io was giving out POB delegations in return for HP delegations but he stopped accepting new delegations.

!ENGAGE 10


Posted via proofofbrain.io

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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congrats on the milestone. i should be with you up there in about a month or two...

this happens to be one of my favourite communities on the blockchain and I am doing my best to get my stake to up to 1k ( and it seems quite easy to do so). seems that is the goal now for most small accounts.


Posted via proofofbrain.io

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Good luck. Its not easy to get through everything but it is possible since we are early on in the lifespan of the tribe. For now, I suggest you just continue to post and comment. If you do, you will just naturally earn more POB.

!ENGAGE 10


Posted via proofofbrain.io

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I started publishing on POB recently, and with each passing day I learn more about the community and how much potential it still has ahead of it! Your text added even more to my knowledge. Thank you.


Posted via proofofbrain.io

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I am glad that my post helped you learn a few things. It is currently one of the more active tribes and its definitely building a base for people who want to engage. I find that it is fairly inclusive and it allows anyone to enter the space if you are willing to put in the effort.

!ENGAGE 10


Posted via proofofbrain.io

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(Edited)

Wow, am a started. 1k is huge for me right now but of coz anything is possible with a little pushing. Lets see


Posted via proofofbrain.io

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Just keep at it and be consistent. I think you will reach it soon enough since people are willing to pass them out if you comment or make posts.

Posted Using LeoFinance Beta

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