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

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    jeanlucsr

    Published on Aug 27, 2020
    About :

    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

    Tags :

    iamalivechallenge hiveisalive hive ctp threespeak

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