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Payouts are continuous. 24 hours after each post but may be delayed if there is ongoing voting activity.

So now the payout is no daily base?

What is the cutoff point for articles to accrue value? Or is there such a time? For example, if after 24 hours you get your payout, will people upvoting your article after that time still cause you to earn value?

Yes you still earn more. The voters don't get rewards after 24 hours but they can still upvote to reward the author.