Hey Pet, earning $PoSH?

LeoFinance
2 months ago
(edited)
5 Min Read
911 Words

I know there are quite a few people using Twitter for crypto content, but did you know that you could earn a little crypto from your Tweets? No? Well, if you haven't already, register at https://hiveposh.com/ and read on.

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PoSH has been around for quite a while now and it has been quietly ticking away, playing in various areas, looking to see what it can do. So, what can it do?

Signed up yet?

Ok, good.

So now, if you Tweet a hive link from one of these 4 front-ends (Leo/Peakd/Ecency/Hive.blog) and add a #hive tag, depending on the performance of your tweet across Twitter, you will a share of 500 daily PoSH competing against everyone else doing the same. If your Tweet performs well, you will get more, if there aren't many people Tweeting that day, there will be less people in the competition and your share will be higher.

How to earn??

The idea of PoSH is to share Hive content outwardly, but on top of the share in the 500 daily POSH tokens, it is always good to have a little more incentive. @poshtoken reviews the qualifying Tweets and leaves a comment under the post that was shared:

For example using the the #Hive tag:

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The account doesn't need to be registered on PoSH to trigger this comment, but it would be in their best interest to - if they want to earn on it.

You got vote.

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This vote amount will be liquidated and go directly to the person who shared the tweet, if they have registered on PoSH with their Hive account. However, if they haven't registered, it will be sent to the @hive.fund account to support the DAO - I will look at that in another post :) Note: voting on your own shared posh comments, will likely be frowned by the community, as POSH will be earned on it already too. I tend to vote these POSH comments when I get them, to show my appreciation for the share.

Ok, so that is how to earn some POSH and some HIVE, anything else?

ummm... let me see...

NFTs

Everyone loves staking for earnings, but the tokens earned don't necessarily have any real value, they are just well, tokens - fungible. That's why PoSH will be implementing NFT's called "Posh Pets" for a new form of staking, giving utility to both Posh and the NFT's in the same go.

Purchasing a Posh Pet NFT, depending on the traits it gets during the minting process and the amount of posh you already hold, will let you earn more Posh. However, this doesn't come out of the daily 500 that goes to the Twitter sharers, nor will more be issued, as that will increase the inflation rate. Instead, it will come out of $POSH bought off the market - This means that there will be liquidity on the market for those who are sharing, earning and wanting to sell, as well as for those who buy the NFTS to stake, and earn more PoSH. This allows for people to invest into a saleable NFT that can earn PoSH, without having to share at all.

However, before PoSH pets arrive, it will also be possible to earn some PoSH from the daily issuance through a delegation process. This will come out of the 500 available for sharing, but it will give a chance for price speculators to gather some tokens to play with once the feedback loops of the tokenomics kick in later. This is good for everyone. The delegation will be used to curate active sharers, so they will earn a bit more HIVE on their content too. And while currently, while it is undecided what the earnings from the delegations will be used for, it could go to buy $POSH from the market, creating demand that could be used in various ways, to either burn or airdrop onto Posh Pet holders.

What all of this does, is makes the Posh Pet NFTs a little more active than just a profile pic, as they can be bought and held for some earning, without having to sell for a profit. And it puts demand on PoSH through various mechanisms, pushing the value up. Remember, there was never a presale on $POSH, it has all been airdropped to those who registered and shared content.

Past this?

Well, the plan is for a DHF proposal to fund outward facing relationships with other platforms so that PoSH can be earned from other popular places too, as well as from more Hive-based front ends. In time, there can be many ways to earn some posh, but not a large amount of tokens out there, as there will only be 1M in total issued. This means for those who are holding, they might be seeing some price movement soon and those who buy Posh Pets, will be having more valuable amounts dropped to them from what is bought from the exchanges - as always, it is an early-bird market.

Right, I think that is enough shill for now, but I am hoping that if I have missed anything, someone will add it in the comments below. If you have questions, ask in the comments and perhaps you and I will get some answers =)

BTW: I am looking forward to minting a Posh Pet!

Taraz
[ Gen1: Hive ]

Posted Using LeoFinance Beta