INTRODUCTION
The big difference between hive and any other web2 social media is that your account is instantly monitized upon creation, so that means immediately, you are eligible for earnings, once you beginning engaging content, creating your first post and interacting with others as well, as far as you got the basic information you are ready to fly....
However the key point remains that you ensure your post is 100% authentic and original, plagiarism is a no no in here, making every line coming from the place of personal experience or knowledge gotten from insight or foresight, this help others to interact and feel in with your content as well.
So without further or due lets dig in..
In this post you will learn the following about your Account..
How To earn by voting on content...
Understand How curation works
Know more about Hive power
The value of votes
And lastly About "voting Mana"...
HOW TO EARN FROM THIS POST
As you learn from this tutorial, try out this processes yourself, take screen shot and create a post using the hashtag #journeyofahivean #learntoearn be careful with your screenshot as not to reveal key information about your account such as keys, account password, memo on Binance exchange etc....
HOW TO EARN BY VOTING ON CONTENT
This is a step by step simplified process that will enlighten you more on what's happening to your monitised hive account, when you engage and interact with others as well, I will begin by saying this, Hive is a value for value ecosystem literally everything you do on hive you earn, so the more you spend time on hive navigating and exploring the system the more amazing, and awesome discoveries you see along the way...
What is HIVE POWER (HP)
First of all your account is instantly monitized upon creation, this means you're eligible to earn right from your first post and comments on hive
Hive utilise what is known as a 7-day waiting period for the earnings on your post to payout in two format, HIVE & HBD., Hive is the native and primary token of the hive blockchain, Hive when staked (power up ) generates what's now called HIVE POWER [HP], While your HBD (hive Backed Dollar) another hive token that is pegged to the US dollar, usually a reward on post, HBD can be exchanged instantly after post pay out, HIVE is automatically staked by the system for you. This is to also enable you to be able to curate content as others curate yours
How to know the Hp you have accumulated
using the peakD front-end, go to your profile icon
touch on wallet
the amount of Hp you have accumulated will be displayed here
Curation is a process where someone upvotes a content, meaning these persons must have staked some amount of Hp that enables them to upvote(support authors they find their work interesting) with a certain percentage of their vote value...
Vote value generated by your Hp is a percentage amount of your total voting mana you wish to support an author with, mind you each upvotes will reduce your vote value by the percentage you choose to upvote an author with, however it also recharges frequently based on the amount of HP you have staked and how often you curate content.
So staking more hive, gives you more vote value, and recharges your voting mana faster as you keep supporting more authors..
Vote mana displays the available vote value you have in percentage, so you know how you curate and what you have left and the time will take to recharge to 100%...
Touch the icon close to your reputation on your main screen to reveal your account stats.
Hive Power (HP), your staked hive also helps you to be able to upvote other people's content too and also get curation rewards at the end of the 7-day waiting period when the post reward is paid out.
Remember your account is monitized, the more post you create, the more HP you accumulate, the higher your HP (staked Hive) the higher your curation rewards and author rewards...
this is How you earn when you upvote an author
As your Hp accumulate, it's does three things first generate what is called Resource credit(Rc) resources credit is like on-chain fee you need to pay to be able to create post, upvote or comment generally it helps you to carry on activities on hive.
Secondly Your Hp earns you Curators reward, after a post payout what ever a post generate is split in half, the first half goes to the author as author rewards, while the second half goes to curators those who upvoted a content,to the side of the curators now, your own rewards will come to you according to the percentage or vote value you upvoted the author, the higher your Hp, the more curators earning you will receive get.
Thirdly the more Hp you accumulate the more author rewards you get on your post, see Hp as when you buy a company shares, which when dividend is paid out comes in the volume or according to the amount of shares you bought.
understand the value of your Vote
The value of your vote depends largely on the amount of Hp you accumulate which can be gotten in two ways through content rewards Hp (staked Hive when payouts) or hive can be bought through any of the Discentralised exchanges [Dex] into your wallet and power up into Hp, the process of staking liquid hive is called powering up
CONCLUSION
Hive ecosystem is totally Discentralised meaning there is no central body controlling anything, this is a wrong perception most newbies have about Hive, everybody on hive are either curators, authors, developers etc... and in the end it boils down to what comes back to you as a person, no body is paying anybody that's why hive is a value for value ecosystem, what ever you do on hive get you rewarded in one form or another...
You can also earn as you learn through this post, simply make screenshots of the processes, create a post about what you've learnt and endeavor to use the hashtag #journeytobeahivean #newbie #tutorial
incase you are wondering, this post is part of a series of educational content to enlighten #newbies and help them navigate and understand the entirety of the #hive ecosystem. A big shout out to @starkerz for this awesome project and to @ravenmus1c for the cover designs of all banners used, such an amazing soul, Thankyou for the opportunity to be a part of this dream
You can get more info about this project : Journey to become a hivean
