Are you posting with leofinance tag? Then always post from leofinance front-end . The 20% tax most of you don't know about.
Good morning guys . Today it is more of an informative post rather than just data and stats .
Day by day new users are increasing here on Leofinance , so I though it is better to make this post to make them aware of the tax that exists for not posting from LeoFinance front-end .
What is this all about ?
We all know that there are lots of tribes here on Hive and each one has their own front-end ( website ).
Most of the tribes have taxes on your posts/comments if you don't post from their front-end .
What is the point of this tax ?
Various tribes might have various reason for implementing this tax but most general reasons are -
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You are earning their token but not generating traffic to their site .
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To control inflation .
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To prevent multi-tags posts/comments from getting 100% rewards in all tokens ? ( maybe )
What's the tax percentage for all tribes ?
There is no fixed percentage . Different tribes has different percentage . Today I am going to talk about LEO only .
10% or 20% tax on LeoFinance?
I have seen numerous people talk about 10% tax on discord and other places with respect to LeoFinance . Even when I was new to LeoFinance what I was told is there is a 10% tax .
Wrong , it is 20% tax for non-native posts/comments . Examples -
Take a look at this post by @jongolson - Post Link
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Front-end used to post - https://peakd.com
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Total rewards -
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So he must actually get - 22.32 / 2 = 11.16 LEO as author rewards but
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Actual payout -
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So ( 8.929 / 11.16 ) * 100 = 80% because he posted from non-native frontend .
Let's take another post from Jon itself.
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Front-end used to post - https://leofinance.io
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Total rewards -
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Author rewards expected - 23.36 / 2 = 11.68 LEO
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Actual payout -
Don't ask me where did the 0.002 LEO go , it is just rounding issue lol . But here 100% author rewards was paid to @jongolson .
Some data and stats regarding native and non-native posts/comments
This data is from 6th February to 5th March ( so that all posts/comments are paid out by now )
Number of posts/comments made with #leofinance tag
- 62912
Number of posts/ comments made with #leofinance tag and made from leofinance front-end
- 42567
Made with #leofinance tag but not from leofinance front-end
- 20345
Posts vs comments proportion which were made from non-native frontend ( other than LF )
Number of POSTS which is made other than leofinance frontend : 4786
Number of COMMENTS which is made other than leofinance frontend : 15559
Why is this important ?
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Comments are usually rewarded less than posts as we all know . So even if made from non-native frontend it doesn't matter much .
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But posts usually get upvoted more - take for example @jongolson post itself , he had got 90 LEO upvote for one of his post recently , what if he made it from non-native frontend?
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90/2 = 45 LEO author reward , 80% of 45 = 36 ( so a loss of 9 LEO which is like 10$ right now )
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Where does the remaining 20% go ?
Does it go to @null ? This is the popular perception but the answer is no . Actually it goes to @leoburn account .
Other tribes percentage?
STEM - 50% tax for non-native posts
VIBES - 1 % tax
CTP - 0%
SPORTS - 0%
You want to know for other tribes ? Let me know for which tribe you need it in the comments I will get the tax percentage for that particular tribe.
Feedback appreciated
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Did you already know about this ?
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In the scale of 1-10 how beneficial was this post to you ?
Posted Using LeoFinance Beta