Ah, OK. I was totally wrong in what I was thinking.
What does it mean for an account with millions of HP to claim a ton of accounts? Is that a dividend of some sort?
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Ah, OK. I was totally wrong in what I was thinking.
What does it mean for an account with millions of HP to claim a ton of accounts? Is that a dividend of some sort?
Posted Using LeoFinance Beta
Well they generally just claim because they can't use up all their resource credits. So they might as well use it to claim tokens incase they are needed in the future.
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It technically costs money to create a new Hive account.
But as we have the RC system, you can use those to create new accounts 'for free'.
Go into the HIVE section of your LeoFinance wallet and you'll see this:
I think you need around 7K HP (spare and undelegated) to be able to create a new account using your RCs.
While there is no market to trade account creation tokens right now, once Hive gets bigger there probably will be.
So it could be a savvy long-term play to claim as many account creation tokens as you can which may eventually be sold.
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So if you claimed a bunch of accounts last month and today I came along to sign up for a Hive account, I'm actually assigned one of the accounts you (or another qualifying Hiver) had claimed. Is that how it works?
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If you claim an account creation token, then only you can use that token to create an account.
Right now for example, Splinterlands needs a SHITLOAD of HP to keep claiming account creation tokens and open Hive accounts for all the new accounts they're signing up.
The thinking is that in the future when we have 50 Splinterlands type apps that need to quickly create Hive accounts for 50,000 users per day, they won't be able to keep their HP high enough to meet demand.
So if they could buy account creation tokens on an open market, then that could solve the problem.
Another example is here on LeoFinance.
We delegate HP to leo.voter not just to get rewards, but because that HP is used to claim account creation tokens and allow people to sign up to free Hive accounts via leofinance.io.
Open leofinance.io in an incogneto window and click get started at the top.
See how it prompts you to make a new Hive account?
That is using one of the account creation tokens from leo.voter.
Now lets say suddenly LeoFinance starts onboarding 50,000 accounts per day and doesn't have the HP to keep up with demand.
Then it would be good if they could just buy account creation tokens off an open market from you and I.
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