RE: Hive Power up and Sponsor Day!

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Hey, thanks for doing this. I am still scratching my head but it must be good 😂
ra



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Hahah I’ll explain it more tomorrow but it is good!

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So with hive stake based income (SBI) what happens is you sponsor an individual by sending 1 hive to the account I specified above in one of the beginning paragraphs. They add that to their pool by powering it up across their accounts, there's 10 of them. When you have enough of a value according to their system (I don't know how much each hive adds, probably their own formula) you receive votes on your posts. I think the minimum value to get a vote from them is when you reach .02$ of value before they vote on your post. They do this because in order for you to receive a reward on your post regardless, you need to have a value of at least .02$.

So when you sponsor people, it adds more "units" to your account. For example, I have 84 units now and if I don't post in a while it adds up daily I think. Each day I go without a post or a vote from them it gets to be a stronger vote, kind of like voting power. Once I post and they vote on it, the value goes back down. This ensures their votes aren't too strong for people who haven't given them a fair amount of hive in return for participation in the program.

What I like about the program is not only is it a way to help newer people and people who don't have a lot of followers yet but it's also a way to improve the token and our accounts while the price of hive is cheap. I don't think I want to be sending 1 hive to the program if Hive ever reaches 2$ in price, that would be a bit expensive to be sending hive out. If I help out as many people as I can now while hive is in the .20$ range, it helps us both out while we can easily afford to do it.

May be long winded, but does that make sense? lol

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Wow, that's a long comment. It is a a post on its own. Thanks for taking your time to explain and thanks for sponsoring. This makes sense. 😀

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