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RE: DUO Token Update for August 7, 2024!

in #leofinance • last month

So only 10% is being powered up, what are you guys the founders getting? Anything extra or just dividends from the tokens you hold?

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         last month 

        There's DUO in the duo-curator account, set aside as a project maintenance fee for the founders. As the HP pays out, we pay ourselves the Hive equivalent in DUO based on the monthly HP brought in.

        So, if the curation account brings in say 120 HP for the month, each founder gets 40 DUO since they're priced at 1 Hive each right now. As the project grows and demand increases and sales tranches are bought up, the payouts for the founders will likely decrease as DUO price increases.

        Right now, the founders have agreed to only keep 700 DUO staked while building up the HP. That way more dividends are paid out to everyone else. 🙂

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