@ange.villa.20
How does your points converted to BCH/USD?
Every day we earn points by writing articles, comments, upvotes and sponsorship. But how does this points really converted to $ or BCH at the end of the day? Read.Cash spends a total of $500 per day, yes $500 worth of BCH at the end of the day. But how much amount of BCH does they give to each user?
Take a look at the photo above, the daily active users of Read.Cash is around 2300+, and yes this will be the amount of user who's going to divide the total amount of $500 worth of BCH. Imagine if the price of BCH at the end of time for the points to be converted is $250/BCH so that would be 2 BCH that will be distributed that day. Let's do the Math.
Let's just say the total amount of points earned by all user is 100,000. 2 BCH ÷ 100,000 pts = 0.00002 BCH per points Let's say you have 500 points 0.00002 BCH/pts x 500 pts = 0.01 BCH So this the you will have 0.01 BCH earning. Then let's convert it to USD, at that time the price of BCH/USD is $250. 0.01 BCH x $250 per BCH = $2.5 So you think there's something wrong? Yes of course 😊, all the values that has been used are just variable - it means I just made it all up but it's close to what the value really is. The one thing that complicate this is the $500 spending amount of Read.Cash, it maybe unfair to us but there's nothing we can do, that's what the system really is unless Read.Cash updates it 😉
So what can you say about this content? What's on your mind? Would you mind telling us? Why don't you comment below 👇 and share us and let's talk about it 😉
6 comments
good statement
Thanks for reading my content mate
Would the number of subscribers, comments and upvotes won't matter in pointing system? Also, I share the sentiments that hopefully RC will boost a bit that 500$ daily spendings.
As far as I know, subscribers are meant to show your article or post to those who subscribe you. And comments and upvotes do contribute on the pointing system from your article or article from others you have read. Maybe in the near feature they'll actually consider increasing their spending fund per day.
oooh you seems to be an excellent student in maths. and thanks for sharing the informative article with us keep doing the hard work and great work have a nice day dear
Thank you so much for reading my article mate, actually I'm not that good in math really it's just that my curiosity filled all the empty brain of mine. Anyways have a good day also mate 😉