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Data Analysis - Amount of Leo burned everyday because of tax for non-native posts .

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MR
@amr008
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Good evening to everyone , hope you all are doing good .

LeoFinance has been one of the most active community on Hive , a lot of posts and comments are made every single day but not all posts and comments are made from the LeoFinance front-end .

20% author rewards tax for non-native posts / comments .

Some of you might already know this , there is a tax for posts / comments made from front-ends out of LeoFinance.

I had made a detailed post about it couple of months ago , I will take some data from that post itself as an example .

Take a look at this post by @jongolson - Post Link

  • Front-end used to post - https://peakd.com

  • Total rewards -

  • So he must actually get - 22.32 / 2 = 11.16 LEO as author rewards but

  • Actual payout -

  • So ( 8.929 / 11.16 ) * 100 = 80% because he posted from non-native frontend .

Let's take another post from Jon itself.

  • Post -

  • Front-end used to post - https://leofinance.io

  • Total rewards -

  • Author rewards expected - 23.36 / 2 = 11.68 LEO

  • Actual payout -

This particular example is taken from my other post

Now let us come to the present day and look at some stats .

The following data is from 1 April 2021 through 11th May 2021

Daily LEO burned for non-native posts/comments tax

Highest amount of LEO burned per day because of non-native tax = 96.41 LEO on 6th May 2021.

Lowest amount of LEO burned per day because of non-native tax = 49.64 LEO on 18th April 2021.

Average LEO burned in this period per day = 72.94 LEO

Median LEO burned in this period per day = 74.26 LEO

Total LEO burned during this period for non-native posts/comments ( 1st April to 11th May ) = 3282.444 LEO

That means users are losing 45$ worth LEO ( at current price ) everyday because they aren't posting or commenting from LeoFinance front-end .

Yesterday LEO issued to @leoburn vs overall LEO issued.

So 0.55% for 11th May

Actually there was a high amount of LEO issued yesterday compared to other days .

Let us take another random day.

3rd April

Almost 1% LEO

Individual comment/post burn

Let us take individual "token_benefactor_reward" and see the pattern .

What does it mean ?

It means that everytime a non-leo-front-end post/comment receives payout , the tax is credited to @leoburn .

Note: Sometimes 2-3 comments are clubbed and paid together to @leoburn but it rarely happens .

What does it tell us ?

There were three comments / post in which the actual tax was 14.55 , 15.26 , 16.9 LEO burnt .

All at once

Final words -

So if you feel your comment or post receives huge LEO upvotes then I suggest you to post/ comment from Leo front-end itself . Otherwise you might lose a lot of LEO as tax .

Regards, MR.

Posted Using LeoFinance Beta