I've tried to be up front and open about everything with LUV. So, here is the next installment from the transparency department of LUVshares.
Changes
The LUV levels will be adjusted in the near future. More specifically, more LUV will need to be held to qualify for each LUV level.
Question: You may ask, "Why make the change so that LUV levels require more LUV?"
Answer: This was written about before, but the short-short answer is this: "Scarcity matters."
A bit longer answer: I try to keep a careful eye on the LUV emission rate. The emittance rate of LUV has naturally increased as LUV has become more popular and is used widely across LUV on a daily basis. This is the LUVshares mission and this maturation is great!
Yet, growing emission also undermines scarcity. With more LUV out there, one LUV becomes less scarce. Less scarce means less valuable. This is not great. I wish to strike a balance between (a) making LUV available to be shared and (b) retaining value. Read this. By value, I don't necessarily mean market value...I'll leave that to the forces of a free-and-open market. Rather, by value, I mean that receiving one LUV holds something intrinsically of value to it. It's like receiving an approving nod of respect for a job well done from a hard-nosed boss. Receiving a rare award like that really means something. By contrast, receiving a shipload of empty platitudes in bulk means little. Scarcity matters.
How much and when?
Below are the current numbers and proposed changes:
| LUV Levels | Current LUV needed | Proposed new amount | Maximum LUV you can give per day | Note | |
|---|---|---|---|---|---|
| 6 | LUV Legend | 150 | 200 | 10 | Once a legend, always a legend.Achieving reaching this level, even if you drop below again, you'll always be a LUV Legend. And you get a LUV Legend badge! |
| 5 | Romeo and Juliet | 90 | 150 | 5 | |
| 4 | Cupid | 60 | 90 | 4 | This amount currently qualifies you for a LUV Appreciation Drop (LAD)...a "Thank You" airdrop of LUV. |
| 3 | Connected | 25 | 50 | 3 | |
| 2 | Crush | 10 | 10 | 1 | This amount currently qualifies you to call the LUVbot. |
| 1 | Cooties | <10 | 0 |
Wen change?
The date of the change is up in the air a bit to allow for some flexibility, but mid-September is a likely time. Perhaps September 18 would be a good day to shoot for.
Analysis
Although a knee-jerk reaction to raising the requirements for each level might be to say, "This is bad," I would disagree. I see this change as progress, as natural growth, and as a strengthening of the LUV ecosystem. Slowing emittance bolsters scarcity which, in turn, supports value.
Going forward...expect the LUV levels to incrementally continue a gradual increase. I will say that the main tenet of LUV, the mission, in fact, is to allow Hive users to share love across the blockchain. To that end, the lowest level capable of sharing LUV has been holding only 10 LUV. That will remain. Anyone with 10 LUV will still be able to share one LUV daily, for free, by calling the LUVbot with the !LUV command.
:)
Share the love,
-written by @crrdlx
- Check your wallet or trade LUV at: Hive-Engine or TribalDEX or LeoDEX.
- Visit the LUVstore: LUVstore
- LUVshares Discord: https://discord.gg/K5GvNhcPqR
- LUVshares Telegram: https://t.me/luvshares
- LUVshares creator: @crrdlx
Like LUVshares? You can support the project through BuyMeBerries.
@LUVshares - Share the LUV.
<><
About 1.5 months ago, I published on a comment at https://peakd.com/@savvyplayer/re-luvshares-2021718t1819418z about the ratio of the LUV needed to be held by the user who wants to share it to the maximum number of LUV that can be shared daily. Now, here are the new ratios! 🤓
If someone wants to use multiple Hive accounts to distribute more LUV or just be as cost-efficient as possible, the following will apply (tentatively starting from September 18, 2021, and where values are rounded down): 🤔
Based on the list above regarding the maximum LUV that can be shared per day per level, having 10 LUV per account is the most cost-efficient for sharing LUV daily. 🤓 However, since being able to share just 1 LUV daily would really seem to be not enough for a fulfilling LUV-sharing experience, the second most cost-efficient level is actually the most expensive one, which is 50% less cost-efficient than the cheapest one.😅
<><
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Yay! 🤗
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Hehehe, this sounds a bit like the Fed explaining why they have to tweak the numbers behind the curtains, to keep inflation and the value of a dollar on track. Crypto is emulating the fractional reserve banking system more and more :D
@drutter Very interesting correlation! FED, IMF, etc. etc. are in the business of keeping control of their private banking monopoly. That is why they are forcing the US government to pass tax laws. It is competition and they (Private Banking Cartels) will not allow that to happen until we ( the world's population) says enough is enough. So MY People arise, stop waiting for the "Savior" to come and bail you out! The power is in the hands of the people who recognize their innate and sovereignty granted by our creator.
Sorry but I forget exactly what I had said, and the context. When I tried to find out, the link says the content has been removed or isn't available.
@drutter You had made the correlation/comparison of "LUV" shares, scarcity, burn rate etc, to the fractional banking fiat currency system.
Where can I find my badge? If I am holding 150 now am I still a legend even if the requirement is 200?
Your badge is already there. https://peakd.com/@mineopoly It only shows up on PeakD, you might be viewing with another front end (?). Thank you for being a LUV legend!
Sounds like lovely project, and I love the the name of the token. Should be fun to see the entire hive community sharing in the luv. Nice work.
<><
@dreamingirwin, this comment has been manually curated with LUV.
Check the LUV in your H-E wallet.
@dreamingirwin
I agree!! The positive energy behind @crrdlx is quite refreshing! I look forward to seeing how you share the !LUV
<><
@dreamingirwin, you've been given LUV from @wesphilbin.
Check the LUV in your H-E wallet. (2/10)
I am at a CRUSH level, no one is giving me LOVE anymore🥺 😢 😢
Anyways, you must do whatever is necessary for the LUV.......
Don't get discouraged, persistence pays off. :)
<><
@biggestloser, this comment has been manually curated with LUV.
Check the LUV in your H-E wallet.
And here's another !LUV for you.
<><
@biggestloser, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. LUV changes soon. (4/10)
You will always find !LUV in the heart of humans !
<><
@biggestloser, you've been given LUV from @appukuttan66.
Check the LUV in your H-E wallet. LUV changes soon. (2/3)
How can we earn LUV tokens? So cute drawings you drew! LUV! 😆❤👏
And another !LUV token for you as well. Have a great day.
<><
@mizuosemla, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. LUV changes soon. (5/10)
It's a bit random, but I suppose a good way would be by posting things that people respond to favorably. You could include the tag "LUV" which can help it to be found. You can join the discord channel and promote a post there. And, LUV is traded on https://hive-engine.com/?p=market&t=LUV And you'll get one here. :)
Hi luvshares,
Thank you for this response! I hope your project will grow and spread LUV in the HIVE community 😀👏❤
Because of the length of my comment a few minutes ago at https://peakd.com/@savvyplayer/re-luvshares-2021829t1251211z, I forgot to do something simple yet thoughful, which was to include
!LUV! 😅
Have some !PIZZA, !ALIVE, and !ENGAGE tokens too!
<><
@luvshares, you've been given LUV from @savvyplayer.
Check the LUV in your H-E wallet. LUV changes soon. (8/10)
@luvshares! I sent you a slice of $PIZZA on behalf of @savvyplayer.
Did you know you can earn $VFT through the PIZZA farm? (3/10)
@luvshares
You already know what I think... besides needing more thoughtfulness, we could surely use more LUV. A positive energy initiative, that I'm delighted to be a part of 🙏✌
Wes...
@crrdlx The King LUV's your token! Thank you for your explanation of the who, what, where, when and why. Much appreciated as the world needs more fact-based information!
The Kingdom sends some.......
!BBH
!ALIVE
and of course some.......
!LUV
<><
@luvshares, you've been given LUV from @kingneptune.
Check the LUV in your H-E wallet. LUV changes soon. (3/10)
Do it to it! You got this my dude!
My suggestion for token holders to spread the awareness of LUV and HIVE, sort by new/recent on HVIE and find new users interested in the platform. Always a great place to drop some LUV esp if you feel like you are looking at some quality content!
Posted Using LeoFinance Beta
Thus is something I've been mulling around in my mind too...giving LUV to newcomers or those with very little.
Is there a way to incentivize this on a token economics level?
This is kind of what I was mulling. My thoughts would roughly be:
. person A gifts LUV to "redfish" (newcomer to Hive) some LUV or to a "LUV rookie" (someone with little or no LUV
. person A is awarded LUV as well
How to implement that would be the tricky part. "The devil is in the details," as they say. I suppose it could be done manually though, such as, "Give LUV to a newcomer, share the link, then receive some LUV for doing so."
I'll think some more on this. If you, or anyone, has ideas, let me know. !LUV
<><
@amphlux, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. (4/10)
Run out of LUV for Today!
Sending you !PIZZA for sharing...
@luvshares! I sent you a slice of $PIZZA on behalf of @andy4475.
Learn more about $PIZZA Token at hive.pizza (3/10)
🙂 Thank you.
Congratulations @luvshares! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 28000 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
!PIZZA
@luvshares! I sent you a slice of $PIZZA on behalf of @proton80.
Did you know you can now buy Rising Star packs with $PIZZA? (6/10)
Thank you. !LUV for you.
<><
@proton80, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. LUV changes soon. (6/10)
Luv it ♥️
ENGAGEtokens.You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.
!LUV
Thank you!
<><
@luvshares, you've been given LUV from @mizuosemla.
Check the LUV in your H-E wallet. LUV changes soon. (1/1)
Trying to figure out how to send LUV. Haha!
!LUV 1
@mizuosemla, sorry. :(
You can call the LUV bot a maximum of 1 times per day. To give more each day, check LUV Levels.
Hi luvshares,
Yeah, I know I can only give one LUV per day since I have only 10 LUV in my wallet.
But, I am not sure if I succeeded to give one to you for the first try. It does not show anything...so, trying to figure out it went well or not. LOL! Well, I need to read more about it. Anyways, have a good day.
Hi, a couple of things here. First, no need to put a number after the
!LUVcommand. That's no longer implemented and one LUV is given by default anyway. Secondly, no, looks like your attempt didn't go through. If successful, you should see a reply from the LUVshares account saying it went through (you'll get a notification too.) Third, although I thank you for trying to give to LUVshares, there's really no point...the LUV comes from LUVshares..."giving" to LUVshares means the LUV just turns around and goes right back to LUVshares! Still, thank you. Maybe you gave one yesterday, but still within the 24 hours (not sure?). Just try again after you're sure you've gone passed 24 hours. Let me know if you have problems. :)<><
@mizuosemla, you've been given LUV from @luvshares.
Check the LUV in your H-E wallet. LUV changes soon. (2/10)
Hi luvshares,
Thank you for this reply. I tried once again, and it went through well! Yay! Now, I am a member of LUV to spread LUV in the Hive community then. Haha 😁👍
Nice name
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.
Hi, I tried the command earlier and it didn't work :( Am I missing something???
Hive-Engine had node issues. They fixed it overnight. I think all the no-go commands went through this morning when things go back up and going.
Nice. 👍