WHAT IS A REWARD POOL?
Going by the current debate on the removal of reward pool from the hive blockchain, from a research on hive comment I gathered that the reward pools are available to reward brilliant content creators for a job well done
Reward Pools are the way the Cross-Chain Bridge distributes the majority of protocol incentive or bridging fees: 70% of the fees collected from bridgings in a specific token are sent to the corresponding Reward Pool
source
In view how a chain decides to reward its content creators is based on distribution of incentives realisd from the content just like hive where the rewards are divided to take care of other ares like hive power, hive backed dollars, curators for their upvotes and so on.
WHERE DO REWARDS COME?
There are several way a content creator on a blockchain can get rewarded for the content they put out there, hence, rewards should come from creating quality contents on the hive blockchain and by quality content it involves, longer long Form posts of like 500 to 1000 words, using great search engine optimization that places the content beyond HIVE. In turn, upvoting these quality contents will bring about a rise in rewards as they can come from whales or staked power.
Another means where a chain can get rewards would be through the ads revenue, looking at the inleo community, the incorporation of leoads revenue is for Leo smart buyback contracts, whatever revenue is gotten is approximately in USD or Leo.
WHERE ELSE CAN REWARD POOL COME FROM
From my experience on hive blockchain, it is definitely obvious that rewards can come from other spheres rather than the reward pool. In a space I listened to, a speaker gave the opinion that layer two token can be incorporated by communities to reward contents. This is happening just like in the inleo community where creators get to earn directly from the reward pool of hive and also from the layer two Token of LEO. All these are forms of incentives to following the different parameters a content creator can follow to be eligible for rewards. On hive we earn second layer tokens like pob, neoxag, posh, gosh, LOH and so on for content.
This is my point of view of reward pool on the blockchain, corrections if any can be left at the comment section. Thanks for stopping by.
Posted Using InLeo Alpha
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