 How rewards are calculated on the Steem blockchain? This is an important question for all Steemit users. The main confusion point is the "$" displayed by default near the rewards by Steemit . This "$" is not a USD. It has nothing to do with it I can explain the "$" sign : - Is not USD Dollars. - Not an SBD. - It's a Steem Token Unit (or STU). This is a different Unit than SBD and STEEM currencies, and we can consider it as a value of storage in the STEEM blockchain. It's what I'l call from now on a "Steem Token Unit", or STU. This is different from SBD and STEEM as currencies, and it's actually the expression of the underlying value storage in the STEEM blockchain, which goes under the name vests.  you see near your post $100. In order to understand how much you will get, we will talk form now on in STU whenever we refer to the numbers the Steemit UI is showing - 25% goes for curators (people who upvote your post). This is $25 (STU) - 75% remaining is for the author (the person who made the post). This is $75 (STU) This $75 STU is split 50% / 50%. This amount is split 50 / 50, with the following algorithm: - the first half is given in SBD, in the exact amount shown by division. In our case, half of 75 is 37.5. So you get half of your rewards as 37.5 SBD - the second half is given in Steem Power, at the current feed price (the internal Steemit price for STEEM) in USD. So you get $37.5 worth of Steem Power. If the current feed price of STEEM is, let's say $6, you get $37.5 / $6 = 6.25 Steem Power. So, with the $100 payout on a post we get: - 37.50 SBD - 12.50 SP (with the price of Steem at $3 at the time of payout) In a FIAT (USD) conversion, a $100 STU would give us: (With hipotethical current prices of STEEM = $4, SBD = $3) 37,5 SBD x 3 = 112.5 USD 12,50 SP x 4 = 50 USD Total = 162.50 USD So $100 displayed rewards, are actually equal = $162.5 real USD. Source: http://steem.supply/rewards | https://steemit.com/promo-steem/@gold84/easy-explained-how-rewards-are-calculated-on-the-steem-blockchain-and-what-does-the-usd-sign-means-on-the-post
author | longphibtc11 |
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permlink | how-rewards-are-calculated-on-the-steem-blockchain |
category | vietnam |
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created | 2018-04-29 04:43:03 |
last_update | 2018-04-29 04:43:03 |
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root_title | "How rewards are calculated on the Steem blockchain" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
cheetah | 0 | 2,070,957,762 | 0.08% | ||
piemichines | 0 | 86,807,321 | 100% | ||
ansysoev | 0 | 75,712,823 | 100% | ||
longphibtc11 | 0 | 400,253,057 | 100% |
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author | cheetah |
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permlink | cheetah-re-longphibtc11how-rewards-are-calculated-on-the-steem-blockchain |
category | vietnam |
json_metadata | "" |
created | 2018-04-29 04:43:18 |
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I've writen source in my topic
author | longphibtc11 |
---|---|
permlink | re-cheetah-cheetah-re-longphibtc11how-rewards-are-calculated-on-the-steem-blockchain-20180429t044450164z |
category | vietnam |
json_metadata | {"tags":["vietnam"],"app":"steemit/0.1"} |
created | 2018-04-29 04:44:51 |
last_update | 2018-04-29 04:44:51 |
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root_title | "How rewards are calculated on the Steem blockchain" |
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