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RE: This post will give upvoters 2x returns

in #voter2 months ago

I guess the reason I never really used it was because of the 4 percent fee. I didn't like the feeling of something taking a tax from my earnings. I know the idea was that the user should get higher votes because voters are getting more back, but I guess I didn't really see that happen much.

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The 4% fee can be removed, it requires you to know about it and read the how to post I guess that someone linked a screenshot of in here. You simply send a memo to the account with "0" and the curation fee goes away so u get all of the post rewards in liquid form - minus the 1% service fee.

It being default to 4% was mostly meant as a marketing stunt, people seeing they're getting some rewards from your post if you used reward.app would get them to check out what it is and why they got them and hopefully see the other thing you can do with it aside from liquidating rewards - which never happened. xD

I checked back on the comments, and found it. I remember reading some notes of the rewardapp but I might have missed the memo option. But checking the other comments, it seems I won't be using it in the future anyways. Some curators stay away from it, and curangel skips it. I guess it ended up working opposite of what you expected. xD

Haha yeah it's kind of a failed project, the dev that maintains it isn't much around either, just daydreaming in this post of what could've been had it been used the way it was meant to and how it could've transformed promotional posts or authors trying to "lure" curators into voting their posts if they gave them extra rewards and if the content was worth it, if voters just blindly voted it and if downvoters decided to adjust the rewards if it went too far. Definitely would've given some more complexity to the whole curation system but maybe for the better.

Yeah. Your explanation in the post combined with this comment really showed the potential it had. I guess it attracting the wrong crowd [extractors] eventually spelled its demise. It would be interesting to think what would happen if the rewarding voters more, and the liquid rewards were separated. Just keeping the "more rewards to voters" would do its original purpose, and the liquid rewards will remain with the extractors.