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To start, it is important to say that the Liquid Pro Quo community is strongly based on the possibilities that the @reward.app service offers, which is a service started by @acidyo and @cardboard.
We will now quote from their intro post so you hear directly from them what their service is about:
Reward.app is a service that allow users to receive post rewards in liquid form. By default, post reward is paid half in HBD an half in Hive Power (locked Hive). Authors using @reward.app service receive half of the post payout in HBD and half in liquid Hive (not locked in HP).
By receiving whole payout in liquid form, users are able to instantly use all of the funds. They are free to power it up, invest it in the HIVE ecosystem (hive-engine tokens, splinterlands cards etc.) or simply sell it without need to wait 3 months period of power-down.
Additionally, 4% of author's reward is paid to the voters in liquid form. The 4% is a default value and can be changed anywhere from 0% (no additional curation reward, all is paid to the author) to 100% (all reward goes to voters).
By using author's payout to pay additional rewards to voters we aim to do 2 things: increase author's chances to receive more votes (as those votes are more profitable for voters) create additional incentivize for Hive users to power-up (increase ROI from curation)
Standing on the possibilities that this service offers we had the idea to start Liquid Pro Quo to incentivize the curation of quality content creators.
How does Liquid Pro Quo work?
It is a very straightforward idea.
The Author Rewards of the posts published in the Liquid Pro Quo community are distributed in the following manner
- The stakeholders that curate the posts receive 20.16% in liquid through @reward.app.
- The authors receive 74.88% in liquid through Reward.app
- Reward.app receives 0.96%
- The administration of the community receives 4%.
We look forward to collaborate, communicate and cooperate with the stakeholders. Thank you very much for your time.
Kind regards,
The Liquid Pro Quo administration team
created/hive-173684
@joseph1956 @helengutier2