How does this myLot work?

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Hi myLotters, i know that the site pays for posts, and it refreshes everyday, but i also wanted to know how the ranking works, i mean how can you give ranking, and does a higher rank get you more money? Another thing I'm intrigued about are the photos, the site also says you can upload photos and sketches, what do they mean by sketches, do they mean like portraits? drawings? Is it possible to submit stories, like novels written by you? I hope someone can help you, and thank you in advance.