How does voilk work?

Voilk is a blockchain based, decentralized, rewarding, crypto social network, where you participate in the mining process of VOILK cryptocurrency by creating an curating content, you get VOILKs on every like that you give or receive to a post, where you can share content and receive responses, where you participate in the election voting for block miners/witnesses.

=> Voilk has an internal exchange market
=> Voilk has a bitcoin like, cryptocurrency called VOILK
=> Voilk has a stable dollar, back by USD, called VSD
=> Voilk is a social network, similar to facebook
=> Voilk has an election system for block miners called witnesses.
=> Voilk has an app on Google's playstore
=> Voilk has 4 user interface, (olympus, condenser, voilkapp, beta interface)
=> Voilk has a blockchain explorer, image hosting server, graphql query server, api interface, universal seed node and so much more.

Voilk is a constantly evolving crypto social media platform. which is fueled by it's unique social consensus algorithm.

Reward pool and miners/witnesses

Every 3 seconds a miner/witness mines a new voilk Block, which creates about 0.5 new VOILK coins,

These new coins are not fully paid to the miner, unlike Bitcoin, only 15% of the block reward is paid to the miner, as POWER, remaining 85% of the block reward is added to the community's reward pool.

You can check how much reward is there, in the pool, at any instant of time. by visiting this link
https://voilk.com/calculator

The users of the platform, with their likes, distribute this reward, basically power to distribute this reward, is directly given to the people, who use the platform.

Reward pool is where 85% of the mined VOILK cryptocurrency is added and the users of the voilk with their likes, distribute this reward.

How much of this reward can you direct towards a post, with your like, can be estimated on this page.

https://voilk.com/calculator

There is a total like's worth, and there is a curation reward, which is 25% of the total like's worth.

When you like a post, you direct some reward from the pool to that post, whatever your total like's worth is equal to.
For instance if your total like's worth is 10 VOILK, you direct 10 VOILK from the reward pool, to that post.

When that post pays out, the author of the post will get 7.5 VOILK from your like, and you will get 2.5 VOILK as curation reward from your like. Author of the post may get more rewards, from other people's likes too.

When you like a post, you get 25% as a curation reward, so liking other people's posts is profitable also for you, and not just for the author of the post.

Your like's worth can change, depending upon several factors.

how much is your own POWER
how much reward the pool has
how much POWER other users have
Your like's strength (100% is maximum, when you like a post, it decreases you strength, which regenerates over time. )

Any user can convert their power back into the liquid VOILK, which decreases their power, hence decreasing their like's worth. increasing yours :)

Any user can increase it's power, by purchasing VOILK from other users, using the internal market, and converting it into Power, which decreases your like's worth.

Every time, you like a post, it decreases your like's strength by roughly 2%, which decreases your like's worth. it regenerates over time. Your like at 100% strength is worth more, than your like at 1% strength .

Every time a post reaches payout, however much rewards it collected, is withdrawn from the pool, automatically, and paid to the author and the curators. which decreases your like's worth.

Every 3 seconds, new VOILK are added to the pool, which increases your like's worth.

These four factors, decide the worth of your like. basically your like's worth depends on everyone else's power, the reward pool, you like's strength and your own power.

.. more in next post