This will be posted on BLURT and HIVE, we have now Activated the Rewards Pool for Van Kush Beauty Token on HIVE. We started it on my Wife's account @kalivankush and have distributed some Grants to get it started. Some people may be able to find 100 to 1,000 VKBT that were given out to be staked at VKBT Proof of Stake Grants, some have been listed for Sale so anyone looking to get in early and cheap on VKBT can Buy from them. This is starting about 9:30 PM CST for those measuring how much is in Circulation and everything.
We have also listed about 15,000 VKBT for Sale so others can Buy in. A few Admin accounts will have 5,000 Staked in the first week, and a few have 2,000-3,000. These will be long term Stake to be used for Curation, and will not be put on the Market any time soon.
Here is how the Token was made for anyone who wants to know, and the Parameters for those trying to measure the Value of our Currency. Thanks to @r2cornell we were able to get the last 200 BEE out of the 1000 BEE we needed, and have now fully Launched. He is now Staking VKBT and you will earn them from both the R2cornell Curation Accounts and by using the #r2cornell hashtag and getting another Van Kush Vote.
To start the Rewards Pool we first had to Enable Staking, which itself cost us 1000 BEE and is described in this post.
https://blurt.blog/blurtdallas/@vankushfamily/vkbt-staking-enabled
From there we went now to Contracts and SMTs specifically, which is "Smart Media Tokens".
We then went to "Manage Rewards Pool"
We then set the Parameters.
Curators earn 50% of their own Vote. Staking is another 5% of the Rewards Pool. And it takes 7 Days to see the Tokens in your Wallet.
We added Tags, being #VanKushFamily, #R2Cornell, #ProofofBrain, #Actifit and #DTube and set 1 Token to be added to the Rewards Pool per Minute, or 1440 per Day, this should leave the Pool running for maybe 200 years with a Total Supply of 100,000,000. This will create Scarcity, Rarity, Value.
We then set the Vote Regeneration time to 1 Day, and where each Vote takes 1% so you can Vote 100x before you get to 0% Vote Power. Your Vote weight is based on this percent so to keep your Curation Rewards High you only want to do 20 or 30 per Day usually at the most. Downvotes take 5 Days to regenerate and cost 20%.
This is the Foundation of the Van Kush Beauty Token and the Van Kush Beauty Economy.
