How @reward.app Helps You Get Liquid #HIVE
HIVE is the beautiful platform which allows you with every feature that facilitate its users. Thanks to my friend @asgharali who introduced about (reward.app) the best service in this ecosystem where users will receive rewards in the form of liquid #hive.
After hearing to this service I found it interesting and thought to discover more about it. This is the link which you can get information about the service https://ecency.com/hive/@reward.app/reward-app-quick-guide-updated
WE all know that rewards payout are split in 50% HBD and 50% HIVE or you can also change it to 100% HIVEPOWER. 50% in HBD is in liquid form but the other 50% is always transferred to HP which is in locked form.
The powerdown takes around 3 Months to give you back your earned #HIVE. But this service is allowing you to get your rewards back in liquid form. This service is available in peakd front end where you simply set beneficary 100% to @reward.app.
This service will help you get your rewards in liquid form which you can further sell, convert, buy other hive tokens whatever you want. I really like the service and specially it is needed in the time of urgent days where you need fund.
When using https://peakd.com to write the post, simply go to advanced and choose payout option: @reward.app
After setting with 100% you will get your hive reward in liquid form after 7 days of payout. Also those people who votes to the author post will get additional 4% hive as reward. The default system is set with 4% reward where the author can change it from 0 to 100%.
Increase author's chances to receive more votes
Which means that author can set all the rewards for the voters. And after the payout voters will get 100% of the reward according to the voted given. One thing which I am confused about is that whether curators will get their reward in liquid form as well?
Also keep in mind that this service has 1% fee charges which will be deducted from authors reward. How to change additional rewards for the curators. Lets suppose I want to give additional rewards of 5%.
I will simply send 0.001 hive to @reward.app with a number in memo. The number should be in range from 0 to 100. Because I want to give additional 5% rewards to the voters I will simply write 5 in the memo.
This is very simple just use Peakd frontend and set beneficiary to reward.app with 100%. There is nothing to do further and after 7 days of payouts both curators and author will get HIVE in the form of liquid.
This is really a great project and service in the hive ecosystem and behind this project are @cardboard and @acidyo. I appreciate their hard work and effort.
What do you people think about this service and do you want to receive payouts 100% in the form of liquid? Do you think this service is best for the people who need urgent money and also wants to increase their number of voters? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGES ARE EDITED AND TAKEN FROM CANVA.
Thank You!
Best Wishes.
Posted Using LeoFinance Alpha
The setting to give curators more rewards was quite experimental and no one really used it much, most just use it for the liquid rewards which is a bit of a shame, especially those who do it just to sell everything off instantly rather than use it for something cool like contests or projects that require instant liquid rewards.
I'm probably going to need someone to take a look at its usage at some point since I worry it's being misused often by those milking and receiving votes through unfair methods. Thanks for the reminder and this post describing the project.
@acidyo
I completely agree with you. It is apparent that the majority of users will use this service for their own gain. Only a small number of people are here to use it properly. If all users use this function for the intended purpose, this service will shine even brighter.
Unfortunately, this feature is frequently abused by people who milk and receive upvotes by unfair means and are okay with receiving them in liquid form. But please focus on this initiative, which is in good hands and has a promising future. Appreciated.
Excellent and interesting post on reward.app. This is an appealing service that allows you to increase the number of voters on your postings. Sharing more rewards with voters is a commendable step.
I like the service and that's why I thought to learn about this service and share with hive users. Thanks for your nice comment.
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