POSH info and FAQ

Hey everyone, after some trials and errors and a thank you to the community for helping with finding them I believe the bot is now fully functional so I wanted to make another post with some info on registration, how the bot works and some FAQ - some questions that have been asked by others and some "future" questions that probably will be asked.

Registration

... works in two different ways now.

The easier way (in my opinion) you need to make sure the format is correct, tweet this and only this:

register-hive-account-hiveUsername

example for me it would look like: register-hive-account-acidyo

then you take the tweet link and post it under any @poshtoken post in the comments with the command:

register linktotweet

example:

register https://twitter.com/GPujs/status/1283045955625979905

the bot should reply with a comment letting you know you're successfully registered!

The other way

A user either sends any amount hive/hdb to @poshtoken and will receive an encrypted memo with the message "Please create tweet with this content: "#poshbotregistration 811592"

bear in mind you need your memo key to read encrypted messages and the number will be different for each unique user, after you got the number you just have to tweet:

#poshbotregistration 811592

the bot will search for the hashtag and your unique number to register you.

If you want to make sure you're registered, you can check if your username shows up on this website here that was set up by @fbslo!

Distribution

The bot will be distributing 1000 tokens out daily to registered participants.

What you need to know is that your tweet only needs to have the hashtag #hive for the bot to scan and register it. But of course you should also add other relevant tags about your hive post on twitter so you get a bigger reach cause likes and retweets will matter for your token earnings.

The other factors regarding how much of the daily pool you earn will depend on retweets, likes and how many comments you receive on Hive from users who've engaged with the engage token at least once in their last 500 hive-engine transactions. This means either received engage, given out engage or purchased/sold engage and if you want to check if you classify for that you can go to https://accounts.hive-engine.com/accountHistory?account=username and ctrl-f search for the engage token. With this we also want to increase engagement and add some more value to the engage token through posh.

FAQ

What's the main point of posh token?

Posh token will be worthless in it's distribution phase but the main point is to increase more sharing of our front-ends onto Twitter. Right now it counts hive.blog, peakd.com and 3speak.online as valid front-ends on Twitter links for token distribution and we will add more in the near future along with other platforms than Twitter.

Will the posh token ever have any value and usecase?

At some point, yes. We don't want to rush it and want a healthy distribution without much gaming and abuse in the beginning, but at some point we will either create a hive-engine token or an SMT for the market at the very least. Other usecases are being considered and thought of but the least we will do is spend hive on buying up tokens and burning them from the market on a regular basis.

Is there a premine?

No, posh token recently started its distribution and no one has an unfair amount of tokens before that and that will not change. Only those participating in sharing links and earning tokens will have them but since they currently are only points in a database it means we will make sure people are not gaming them and if we find such instances we will blacklist and null their balance before the airdrop of a real token were to happen. At the same time this also means that it's a community token, thus the development work is being funded through votes as it is something that will benefit us all by sharing more links and getting more traffic and new users signing up for accounts over time.

What is the best part about posh token?

I just added this question myself as I think it's something that really sets aside the need for a token considering the way posh was working before hand and needs to be made clear. Before the token authors would usually just share their own work onto twitter in the hopes of more curation from our accounts from proof of sharing, with the posh token, though, anyone can share anyone's post and earn tokens for it. Incentivizing other Twitter accounts that don't necessarily post or are content creators to still share Hive links to their followings and depending on how well those shares perform they can earn a lot of tokens which at some point will have real value.


That's it for today, would appreciate your thoughts on it and what you think about it so far or if you have any improvement ideas - as said this is something for the whole community and we're not trying to be a central authority controlling everything - we just want what's best for Hive and the ecosystem.

Make sure to register in case you haven't yet, as you can see from the latest @poshtoken distribution posts, there are a lot of unregistered accounts that could be earning tokens but have not yet registered. Thanks for reading!


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