Where Do HIVE Rewards come from? - #IAmAliveChallenge - Day 26 - #HiveIsAlive

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One of the biggest questions I couldn't answer when onboarding people to Hive is that I didn't know where the funds for the Hive reward pool were coming from.

Luckily @mraoul took some time to research it and found the answers in the Hive FAQs :).

You can read more about it here:
https://hive.blog/faq.html#Where_do_the_new_HIVE_tokens_come_from

In short:
But there is not a fixed supply of Hive. Starting with the network's 16th hard fork in December 2016, Hive began creating new tokens at a yearly inflation rate of 9.5%.

Out of the new tokens that are generated:
65% go to the reward pool, which is split between authors and curators.
15% of the new tokens are awarded to holders of Hive Power.
10% of the new tokens are awarded to the Hive Proposal System.
The remaining 10% pays for the witnesses to power the blockchain.

#lobi
@jeanlucsr


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Awesome information, @jeanlucsr! I've had a hard time wrapping my brain around this since I first joined that other blockchain almost 3 years ago...lol! I'm actually bookmarking this for future reference, when someone asks me about it.

And to help boost the signal a bit...

@tipu curate

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Thanks for the boost! 🙏

Having a hard time adjusting back since my break.

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You're very welcome. And I hear that, even though I haven't been on a break... 😂

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No... you have been on fire for the Hive community. Your name keeps popping up every I am on hive. It's like spraypaint on the wall '@traciyork was here' on the whole blockchain 😂😂😂

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LOL! Thanks for saying so, but I feel like I've been spending so much time promoting Hive elsewhere, that I'm neglecting my commenting & curating here. For example, I used to place at least in the top 50 of @abh12345's The Hive Engagement League 🏆 (with some top 20 action here and there), but lately I'm barely even making it on the chart... 😝

Oh, and speaking of spray paint...

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Yeah. I do feel you. I mean, we have 24 hours. You can't do both full time 😅.

But what I mean is your name pops up as a sponsor, a delegator or just someone that has contributed in so many places. Just think that is super awesome.

I don't think I've ever cracked the top 50. I also feel that engagement in general is way up (don't have actual stats so I could be wrong) which I'm really glad about.

❤ the gif 😍

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Just like with BTC, the interesting part of the Hive economy will begin when all the blocks have been produced and rewards are generated from what's in circulation alone. I wonder if they have already thought about that scenario that will occur in about 20.5 years apparently.

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To be brutally honest. I haven't even considered that.

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Tried to do some research on the matter, with no significant results so far.

But don't worry. We have about two decades to figure this out 😅

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An interesting question, and interesting explanation... All in an interesting short video that you have made... Thanks for sharing! :)



Made in Canva

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This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".


Source

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Thanks! Glad you like it. The question had been stuck in my head for about a month.

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