Looking into a new Hive-Engine tribe - Proof of Brain

in LeoFinance3 months ago

Looking into a new HiveEngine tribe Proof of Brain.png

Lately I have been receiving some POB tokens from curating posts and I saw that these tokens were actually quite valuable. That lead me to look into this token a bit more in dept and I liked what I saw...

What is Proof of Brain?

According to the explanation on Hive-Engine:

POB is a pure 100% Proof of Brain (PoB) token meaning that the only way the token enters circulation is through PoB rewards that are earned by posting and by curating content with POB staked.

The project was born around the beginning of the month of March 2021. That's when the whitepaper was released.

Data about the project

Tag to use in posts: #proofofbrain
Front-end: https://www.proofofbrain.io/
Linear reward curve and 50/50 author – curation distribution

What can be posted with the #proofofbrain tag?

Extract taken from a post of @proofofbrain:

interesting, engaging content that people enjoy interacting with. As a human, what I find interesting is subjective, but I will make an effort to be as objective as possible.
Your original content could be anything from creative expression to technical analysis or anything in between.

Tokenomics of Proof of Brain

In a nutshell the project tries to apply the same distribution as bitcoin. The supply being limited at 21 million tokens.

Every 2 minutes 10 tokens are issued. This a totoal of 7200 tokens per day. At the moment there is a circulating supply of about 179'000 tokens which is very little and is mainly due to the fact that the token is very young.

Every 4 years, the token supply will be reduced by 50%.

Getting into the game early!

What I like about the project is that it has a very transparent supply structure for the tokens. There are no miners and no airdrops. Therefore the supply is growing very fast at the beginning and only through author and curation rewards.

It's always difficult to predict which project will be a winner but it's definitely a big chance to get into such a project at a early date. If you have 10'000 tokens now, you will be a whale in no time for this token!


Let's connect ! You can find me on these platforms:

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I have about 490 staked PoB tokens and I enjoy visiting the front-end to see some high quality posts from several communities. This is another great token with a nice service for people.

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I really just discovered it today but I quite like it. The content seems to be good and there are many known faces already :-). I will definitely stake some POB.

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I also like the tribe. I have staked most of the tokens I got so I have a few hundred staked right now. It's still quite early and there are plenty of people sharing out the tokens right now. I think the idea behind the community is great but it may take some time to see everything play out.

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That's a very good strategy. At the moment there are really few tokens minted and with a linear reward curve this means that any staked token will mine the same amount of tokens in the future through curation. This means that when you are early in the game, you can accumulate a very decent amount of tokens and grow accordingly. Of course we don't know how this tribe will evolve but I believe it's a big advantage to be early in the game especially when there are no airdrops and no miners.

!ENGAGE 20

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I saw that I got some POB tokens, but I had no time for a check... But after reading your review, I will definitely do that... :)

The idea is looking very interesting with the number of tokens like BTC and a reduction of 50% every 4 years...

It's certainly a new token and it's difficult to evaluate how it will evolve. However I like the transparent supply done 100% through curation and author rewards.

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Cool idea. Just bought and staked 1000 POB.

Wishing right now for a crystal ball that would give me an insight into what tokens will win! 🤣😂🤣😂

I would like to have such a crystal ball as well lol :-). By buying 1000 PoB you will be already in the top 20 token holders of the tribe. Just by curating POB content, you will attract a big part of the inflation of the token and be a whale in no time :-). If the token one day goes to the moon, it won't have you cost that much. I believe it's a big advantage to try to be in these tribes in the early days.

!ENGAGE 20

Do you know if the curation rewards are linear or Hive like?

It's a linear reward curve. I just checked the SCOT settings.

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Very cool! Thank you for checking that out. 👍

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Yes! Thanks for the heads up about it. Glad I saw your article and read it today.

Thanks for stopping by!

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This looks interesting
i must start accumulating the tokens

The great thing with such tokens is that if you accumulate them early, you can become quite a big player without investing too much :-)

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Every 2 minutes 10 tokens are issued.

The way we like to phrase it is 50 coins every ten minutes. Though equivalent this is how early Bitcoin used to work. Is there a particular reason you phrased it the way you did rather than some other way?

Good point :-). I actually phrased it like that because it's how it is set in the scotbot settings. There are 10 tokens issued every 40 blocks. A block being created every 3 seconds. That's why I got 10 tokens every 2 minutes :-).

Thanks a lot for stopping by!

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mhh, I thought all content is kind of welcome, not sure if my lottery is really the best fit, but I made a ton of POB by using the tag for 1-2 weeks now. Maybe I will do a special POB giveaway one day to give attention to the Token. Maybe a riddle. But I will wait for POB to have more of an identity, I dont see a point in using the frontend right now to be honest.

I thought all content is kind of welcome

There seems not to be a hard limitation on what is acceptable. I believe you should be fine with the lottery.

I discovered the token a couple of days ago through my hive-engine wallet and I got curious. There are a lot of people I know posting with the tag and I kind of like the concept.

I dont see a point in using the frontend right now to be honest.

Like all the hive-engine front-ends it is slows to handle comments and votes. I totally understand your point.

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I love the idea of POB. Then some ... person used his stake to take away the rewards from my first POB post. In doing so, he made it so i made no hive at all from the payout. My post was no better or worse than anything else there. I don't know that I will spend any more time posting there. I will hodl what I have.

I don't know about that but this often happens in the early days. The people running these tribes want to select a certain content. Often content that seems not fit for the tribe is downvoted and often they don't realize that by downvoting a post they also erase the hive value of it. For CTP Jon has created an account that has no hive power to do that but quite a lot of CTP tokens. Like that he can take away the CTP rewards but leaves the Hive rewards untouched.

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I get that. if my content didn't fit, fine. But I guess it's subjective, I've never had 8 down votes, on any post I've ever done. Of course I cannot prove that the same person owns one or two of those down voting accounts. It's awfully suspicious though. But, if that will happen with every post, I can't afford to lose hive like that every time.

I totally understand your point. If there are 8 downvotes, I think it's not the site owners that gave them. It's not nice to give downvotes and not explain why they are given. It's frustrating for the people receiving them and they can't learn in the process.

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