Early on that was true, but since it was a hobby project of mine with no pre-mine/team allocation I eventually got tired of "burning" hive buying it up so we created the "delegation for POSH" method...
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Early on that was true, but since it was a hobby project of mine with no pre-mine/team allocation I eventually got tired of "burning" hive buying it up so we created the "delegation for POSH" method...
So people delegate HP to a POSH Hive account.
The account earns rewards from the blockchain.
Then those rewards are used to buy/burn POSH to prop up the market?
Basically yes, they get POSH in exchange for their delegations. This also helped with passive investors who wanted to speculate on it but markets were always too thin/illiquid to buy into.