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How to be a Civic Liker
Supporting content creator is easy
Users stake at least 5,000 LIKE to the "Civic Liker node" with a wallet address bound to a Liker ID to become a Civic Liker. All delegation rewards from the Civic Liker node will be distributed to creators in the form of LIKE. There is no need to use the delegation principle, and only the delegation rewards can turn likes into income.
Based on the current commission rate of about 15%, the monthly rewards that 5,000 LIKE can generate are equal to 5,000 * 0.15 / 12 = 62.5 LIKE, which is approximately US$1.5 per month at the current exchange rate. The more you delegate, the more Likes you can turn into actual income.
Please note that there is no "Ranking" system for Civic Liker, and the only effect of delegating more LikeCoin is to reward more to the creators:
- Every clap on the LikeCoin button by a Civic Liker will be equivalent to 1 LikeCoin.
- The stake reward derived from Civic Liker delegation every day will be distributed to the creators according to the principle of 1 clap to the LikeCoin button = 1 LIKE.
- The unused staking reward can be accumulated until the account balance is used up.
Civic Liker can not only distribute the delegation rewards but also distribute the Creators Fund. The influence of clicking the LikeCoin button on the allocation of funds will vary with the delegation amount. Stake more, reward more, and have greater power to vote in LikeCoin DAO and for Creators Fund distribution.
Regarding the accumulation of a significant amount of stake rewards account balance without clapping to creators, the Creation Fund Committee proposed implementing a higher tiers spending mechanism as early as July last year [refer to the Creators Fund Status Review (Feb – Jun 2022)]. Therefore, starting from June 27, 2023, the distribution of stake rewards account balance will undergo the following changes.
The distribution of stake rewards account balance will be as follows:
Civic Liker with 1-100 LIKE in stake rewards account balance, the principle of 1 clap = 1 LIKE will be applied when distributing rewards to creators.
Civic Liker with over 100 LIKE in stake rewards account balance, the principle of 1 clap = 10 LIKE will be applied when distributing rewards to creators.
Civic Liker with over 10,000 LIKE in stake rewards account balance, the principle of 1 clap = 100 LIKE will be applied when distributing rewards to creators.
These changes will only affect less than 10% of users.
Go to dao.like.co and select Keplr Browser Extension, Cosmostation Browser Extension or Authcore to log in
Click "Validators" on the left-hand side menu, then click "All" in the upper right corner. Look for the Civic Liker node and click on it.
On "Validators" select Civic Liker node and click on it
Click "Stake" in the upper right corner of the Civic Liker node to delegate.
Click "Stake" to delegate
The Stake page will appear. Enter the amount of LikeCoin you want to delegate and click "Next".
Enter the amount of LikeCoin you want to delegate and click "Next"
After confirming that the amount and gas fee are correct, click "Next".
Click "Next" to proceed
Confirmation is required. Keplr and Cosmostation users will need to approve a pop-up box to confirm the delegation after clicking "Send". Authcore users can directly click "Send".
After the "Send" and confirmation screen appears, "Successfully staked!" will appear, indicating that the delegation is successfully completed.
Sent and confirming
Click "Portfolio" on the left-hand side menu, and you will see "You Stake" showing the successful delegation to the Civic Liker node.
Click "Portfolio" in the left-hand side menu and check the details
Civic Liker will take effect within 24 hours after the delegation is completed.