Re: Can anybody tell me what is the equivalent of a stake?
Hi all,
I am now currently joining in a bounty campaign that will end next month maybe. Weekly they allocate an equivalent no. of stakes upon completion of task which is to post at least 15 meaningful messages depending on our ranks.And I just want to know what is the equal in value of stake into altcoins.Thank you in advance.
I am now currently joining in a bounty campaign that will end next month maybe. Weekly they allocate an equivalent no. of stakes upon completion of task which is to post at least 15 meaningful messages depending on our ranks.And I just want to know what is the equal in value of stake into altcoins.Thank you in advance.
Your stakes usually mean what percentage of tokens/altcoins are you entitled too when bounty ends. That is usually calculated by this formula:
Tokens you get = bounty token pool * your stakes / sum of stakes of all participants
For example, in a bounty where:
- they have allocated 1000 tokens for twitter campaign
- they give 1 stake for retweet
- you made 100 retweets in total throughout the whole campaign (and lets say for the sake of the simplicity, all other participants also made 100 retweets)
- there were 100 participants all together
You would get: X = 1000 * 100 / 10000 = 10 tokens
So, you would get 10 tokens at the end of the campaign. More people are participating, the less you get. I hope this clarifies it for you!
Well, the post above simplifies it all. Stakes earned is dependent on your rank and number of posts required weekly.
Then after that, stakes are summarized and calculated into token equivalents. Final tokens received will be dependent on the number of participants with which you share bounty allocations.
Therefore, the more people participating, the lesser relatively you earn.