q1. Gaining good will with the person you tipped, and a chance to be visited by the LOLZ curation bots.
q1a. Nothing unless the curation bot upvotes them.
q1b. The more you hold, the more times you can call the bot. In the new year we are planning to start our LOLZ Finance, and by holding enough LOLZ they will be earning from a reward pool.
q1c. No.
Q2. They receive an LOLZ token that they can keep or sell.
Q3. No difference between !LOL or !lol or !LOLZ or !lolz. $LOLZ doesn't work... we just use that to refer to the token. And you can't mix cases, either all caps, or no caps.
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lolztoken.com
Lack of concentration.
@fikif, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)