The Liotes project is quite complex and we are doing plenty of different things. Today, we would like to explain how we finance our different sub-projects.
What is a pot?
With the Liotes project, we have a great mechanism which is the dividends payments linked to delegations to the liotes.voter account. When we want to finance something, the only thing that we have to do is to create an account, make sure that it has the necessary hive power and then delegate it to the liotes.voter. We then get daily dividends in the form of LEN tokens that we can use to finance our subprojects. Since the Liotes project started, we have built more and more such pots...
The Burning Pot
This was the very first pot that we created and it's on the @liotes account itself. This account grows with post rewards and also with witness rewards from our hive witness. At the moment, this account has more than 6'600 Hive Power that are delegated to the @liotes.voter account. 100% of the LEN tokens that we receive every day are burnt or, when we have a burn break, added to the reward pool that we are funding.
The Liotes Ranking Pot
Every month we distribute LEN tokens to the top 15 of the Liotes ranking. These prizes are financed with a pool on the @ourpick account. This account is funded by the @ourpick posts that we do on a daily basis. At the moment, there are 3'500 Hive Power on this account.
The Reward Pool Pot
To finance the reward pool linked to the diesel pool LEN:LENM in the future, we have created the account @liotes.learn which has around 650 Hive Power today. This account is funded by the referral income of different websites that we want to promote through the liotes concept, an online course to onboard people to hive.
The Liotes Power Up Challenge Pot
The liotes power up challenge is a yearly contest where we follow the Hive Power of the members of this community. The prize pot of this challenge is financed by the delegated hive power on the account @liotes.one which has 280 Hive power today. This pot finances the prizes to all the people who have a positive sold in hive power at the end of the year. This pot is financed by the comments under our posts and also by some author rewards of posts related to this challenge.
Growing Pots for sustainable subprojects
The great thing about the mechanism of these pots is that they grow in size. Each pot has an income source that increases it's hive power over time. In addition to that, all the hive power grows at the organic rate of about 3%. With growing hive power, the income generated by it is growing as well. It allows to have a very sustainable way to finance these different subprojects.
Not limited to Liotes
The great thing is that everybody can create such pots for themselves or their project. You just need to have an account, feed it with hive power and delegate it to the liotes.voter account...
The numbers of this week
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Liotes
A project run by @ph1102 and @achim03
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