Social Media Users provide their time and attention to the platforms they use.
These platforms make money, usually through Advertisements or selling information about their users to Advertisers. Some users earn money.
Users of tokenized social media can earn tokens for their time and attention.
Where do the tokens come from in tokenized social media?
All or nearly all cryptocurrencies mint cryptocurrency tokens daily, which are paid to users who run computers, which run copies of that cryptocurrency blockchain transaction record called the ledger. These people are called miners and those payments are called mining rewards.
Some cryptocurrencies pay users of applications which run on those blockchains rewards of tokens from that daily minting of tokens, and that supply of tokens is called the reward pool.
Most rewards are distributed to users whose activities attract upvotes. But the amount of tokens awarded for an upvote depends on the amount of the token owned and staked by the voter. So the votes of people who own and stake large amounts of the tokens, so called Whales, their whale votes reward the most token rewards.
The last thing to remember is that the people or investors, who buy and stake cryptocurrency tokens also get half of the rewards their votes. So that not only do the receivers of votes get paid, but also the givers too.
The reward pool replenishes daily, so rewards can be given out daily. But each person has a fixed number of votes each day, and they expire if you don’t use them.
I think this is all you need to know about the reward pool to understand why Upvoting Content, either posts or comments is profitable to both parties and why the reward system rewards engagement.
How this ties into Cute
The C.U.T.E. Community wants yo maximize the earnings of its members by creating a place where new or unknown people can publish content to a receptive audience or just engage with content and earn tokens, which can become money.
The Cute Community encourages targeted actions which generate value for the platform, promotes friendships and relationship building between members of the community and generates earnings.
The End of this post, but hopefully the beginning of a better future for you.
