The HIVE ecosystem is a blogging platform that allows you to earn money by posting quality content. The payment mechanism is the most efficient of any online working site. There isn't just one explanation, but several, which I'll try to detail, as well as the significance of the payout variations that you can make, such as setting a beneficiary, 50% Hive, HBD, maximum acceptable, and 100% HP.

For those who are unfamiliar with the HIVE ecosystem, let us first explore the native coins that support it. The platform payout method is supported by two main crypto coins. #HIVE and #HBD. Whereas #hive is a volatile liquid coin, #HBD is a stable coin that is designed to stay at $1.

The rewards are not available in other currencies such as the US dollar, Euro, British pound, or any other currency. However, the payment is shown in dollars, but you will ultimately receive #HIVE and #HBD, the platform's native coins. Many individuals are still perplexed about the payout system and why it is displayed in dollars.

It is displayed in USD, which is correct, but is converted to HIVE and HBD at the moment of payout. The conversion is based on the current HIVE and HBD prices. There is no change in the price of HBD, but the price of HIVE may fluctuate at the time of payout. Also, please keep in mind that you will be paid seven days after you publish.

This is a basic description of the payout mechanism. Now, let's talk about the payout breakdown and the adjustments that have varied implications for users and the ecosystem. You can adjust your payouts settings before posting your content to 100% to HP, 50% each, decline payout, maximum allowed limit, use reward.app, burn and donate to hive fund.

Again, these payout features can be found in various ways depending on the front-ends. I frequently use @Ecency, @peakd, and @leofinance.

Ecency's alternatives are straightforward: (50% each, 100%HP, and Decline payment).

whereas in Peakd (50 percent each, 100 percent HP, use reward.app, burn, donate to Hive fund, and decline).

In leofinance, (50% each, 100%HP, Burn, Decline and Donate to Hive fund)

These are the various alternatives available to each user, depending on their working style and strategies. All of these have varying meanings and significance for users and the ecosystem. Similarly, those who set their rewards to 50%HBD/50%HIVE indicate that they desire to break down in both coins. This is primarily when the HIVE price is low or you have confirmation that a bearish market is on the way.

Similarly, setting 100% HP indicates that the market is bullish and that the price of HIVE is higher than the price of HBD. When the price of HIVE rises above $1, most users will change the payout choice to 100% HIVE. Another interpretation is that if users do not want to cash out money, they will direct all of their payouts to HIVE power.
Another option is selecting a beneficiary. You can designate more than one beneficiary to receive your payout earnings. This indicates that if you wish to help someone through your payouts. Also, when anything is tied to a person who has made significant contributions to the ecosystem, users can set the beneficiary to 100% or any percentage.

Use reward.app, the newest feature, to receive your rewards in HIVE/HBD liquid form rather than stake form. This is the best aspect of the payout system for individuals who do not want to receive their payoff in the form of a stake. However, keep in mind that this feature should not be abused and should only be used positively.

Another alternative is to decline your payouts and send the awards back to the reward pool. This option is primarily utilised when you believe the post is unrelated to your purpose or there is no effort on your part. This is what you do when you occasionally share the reviews of others and, as a result, decline the rewards. There could be further meanings.

Similarly, using the burn option means that you will forgo any compensation, but the rewards will be burned, lowering the supply and therefore deflating Hive. This is beneficial to the ecosystem and aids the coin's deflation. This option is utilised when a user wishes to value the ecosystem and so establish their value.

Also in the morning, I spotted @demotruk's post, where the payout was set to the maximum accepted $2. This is the first time I've seen this option, and I was previously unaware of it. This is another option, which implies that payouts will be accepted up to $2 and no more. I'm not sure where he found this option, and I'm also not sure what will happen if the payout surpasses the maximum of $2.

This is an attempt on my side to explain the hive ecosystem payout structure and what different options mean to different users in terms of rewards. I hope you found this post to be interesting and educational. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
IMAGE SOURCES : ECENCY, PEAKD, LEOFINANCE

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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