Good evening to everyone , hope you all are doing good .
LeoFinance has been one of the most active community on Hive , a lot of posts and comments are made every single day but not all posts and comments are made from the LeoFinance front-end .
20% author rewards tax for non-native posts / comments .
Some of you might already know this , there is a tax for posts / comments made from front-ends out of LeoFinance.
I had made a detailed post about it couple of months ago , I will take some data from that post itself as an example .
Take a look at this post by @jongolson - Post Link
Front-end used to post - https://peakd.com
Total rewards -
So he must actually get - 22.32 / 2 = 11.16 LEO as author rewards but
Actual payout -
So ( 8.929 / 11.16 ) * 100 = 80% because he posted from non-native frontend .
Let's take another post from Jon itself.
Post - @jongolson/myhivegoals-the-journey-of-a-thousand-miles
Front-end used to post - https://leofinance.io
Total rewards -
Author rewards expected - 23.36 / 2 = 11.68 LEO
Actual payout -
This particular example is taken from my other post
Now let us come to the present day and look at some stats .
The following data is from 1 April 2021 through 11th May 2021
Daily LEO burned for non-native posts/comments tax
Highest amount of LEO burned per day because of non-native tax = 96.41 LEO on 6th May 2021.
Lowest amount of LEO burned per day because of non-native tax = 49.64 LEO on 18th April 2021.
Average LEO burned in this period per day = 72.94 LEO
Median LEO burned in this period per day = 74.26 LEO
Total LEO burned during this period for non-native posts/comments ( 1st April to 11th May ) = 3282.444 LEO
That means users are losing 45$ worth LEO ( at current price ) everyday because they aren't posting or commenting from LeoFinance front-end .
Yesterday LEO issued to @leoburn vs overall LEO issued.
Actually there was a high amount of LEO issued yesterday compared to other days .
Let us take another random day.
3rd April
Individual comment/post burn
Let us take individual "token_benefactor_reward" and see the pattern .
What does it mean ?
It means that everytime a non-leo-front-end post/comment receives payout , the tax is credited to @leoburn .
Note: Sometimes 2-3 comments are clubbed and paid together to @leoburn but it rarely happens .
What does it tell us ?
There were three comments / post in which the actual tax was 14.55 , 15.26 , 16.9 LEO burnt .
All at once
Final words -
So if you feel your comment or post receives huge LEO upvotes then I suggest you to post/ comment from Leo front-end itself . Otherwise you might lose a lot of LEO as tax .
Regards,
MR.