Bounty: How does Cent work?

in cent •  27 days ago

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Just posted this on cent.

I am looking for documents or videos that explain the economic model of cent.

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@knircky has set 5.000 STEEM bounty on this post!
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Nice! Thank you

I got the answer you are looking for @knircky.
I sign up and the answer from their support team.

What is sorting?

Sorting, or picking the best of two responses presented to you at one time, is the main action by which the best responses get curated to the top for more users to see. Additionally, sorting determines how the bounty is distributed across responses.

How do I sort replies for ETH?

Select the 'Sortable' filter on the main feed.
Click to view the post and scroll down below the post until you see the "SORT FOR ETH" button and click it.
You will be presented with pair sets of 2 replies each. Simply click the arrow that indicates which reply you think is "better."
20% of every bounty gets distributed amongst every user that sorts any replies based on the proportion of total number of individual sorts they've made in relation to the total number of sorts overall.

I hope it's helpful

Sounds like it works the same way as @steem-bounty, where people put bounties and the answers/content that get most upvotes receives the bounty. Money looks like comes from those who put up the bounty.

Interesting. Thanks for sharing.

P.S. Ignore this. Looks like what I said above is not accurate.

I joined it so I guess I'll be finding out pretty soon.

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Cool let me know how u like it

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So far so good. I got $0.12 off the post I made a minute ago.

really sorry to say i dont know anything about model of cent. hbope someone will help you

Omg really?? I would like to read more about it!

Posted using Partiko Android

What is CENT? I never heard of it before.

Hi, @knircky!

You just got a 4.96% upvote from SteemPlus!
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still i am also wondering where the money came from on steemit. if you find somethingv pleasze also share with me. upvote and resteem ur post.

It model look similar to curation model that we are using here. Only disadvantage there that need to tip with ETH (reduction of your money) and here your SP is used to vote othr and you do not decrease your steem.

you can ask to Matthew at cent