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 😉