POOL OF FUNDS FAQ
You will find in the FAQ POF (Frequently Asked Questions) the most frequently sought information on our initiative. A link to this page is added to all of our community posts for easy access.
POF is the abbreviation of 3 complementary strategies articulated on the management and securing of token investment funds: POOL OF FUNDS / PROOF OF FUNDS / PROOF OF FUN
To begin we will explain the concept of POOL OF FUNDS and in a later phase (when we have made sufficient progress) we will explain the concept of PROOF OF FUNDS
What is POOL OF FUNDS?
POOL OF FUNDS is a strategy that centralizes the profits generated with multiple pools of tokens on the HIVE blockchain, by converting and aggregating the rewards in a single cryptomonetary unit, the POF Token.
What is POOL OF FUNDS TOKEN?
The POF token, is a POOL OF FUNDS rewards token. This is a 2nd layer token inside the Hive blockchain, used to reward pools of all token types or to convert and aggregate rewards into a single cryptocurrency unit, the POF Token.
You can earn more by speeding up the pool, to do this you can:
Become a fan of one or more of our POF accounts
Make delegations in HIVE POWER or TOKENS
Boost posts or comments from our accounts
Stake the tokens relating to the pools where you participate
Use in your posts the tags specific to the pool where you participate
When and how are POF profits paid out?
• At the end of each week, if the pool has reached its profit target, your share of POF token earnings will automatically be paid into the @pof.pof pool to further increase your earnings.
• At the end of each week, the POFs accumulated in the @pof.pof pool are transferred to your POF wallet in increments of 500 POFs.
• You will receive your share of earnings in POF tokens in proportion to your delegations and according to the speed of our pools.
What are the advantages of the system and how are the profits managed?
Tags of each of our posts are optimized to generate maximum earnings for pool participants;
50% of tokens earned are reinvested in our pools;
10% of earned tokens are used for pool management;
100% of the pof earned by all delegates from our pools are automatically reinvested in the @pof.pof pool in order to increase earnings;
Each week you receive your profits in increments of 500 POF;
Each week 50 of the top delegates and 50 other delegates receive a upvotes from 10% to 100% (if their posts are of quality and they use one of the tags from our pools in the tags of their post);
All rewards are made in POF token this allows to:
Reduce management costs and time;
Increase our rewards power;
Participate in several pools while centralizing your earnings;
Participate in the @pof.pof pool free of charge;
Benefit from a high return on investment.
What is PROOF OF FUNDS?
It is a set of strategies using POF tokens to secure investments in decentralized finance. These strategies will be explained later, once the strategies of the pool of funds are well assimilated and adequately integrated into the HIVE ecosystem.
What is PROOF OF FUN?
It is the cool, playful and less formal dimension that accompanies POOL OF FUNDS & PROOF OF FUNDS strategies. It aims to share and offer joy, love, affection and rewards outside of calculations, rigors and financial rules.
The POF FAQ will be updated as needed and based on your feedback. Thank you to all the members who will participate in the evolution of this community
Photo: Free PNG remixed with Adobe Illustrator and Photoshop
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