Different types of Rewards in steemit by sagar

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money · @sagar · Jul 18 '16 (edited)

$0.36

Different types of Rewards in steemit

<html>
<h2><img src="https://pbs.twimg.com/media/Cnn6MYQVIAAKD8J.png:large" width="1000" height="1000"/>Contribution Rewards:</h2>
<ul>
  <li>&nbsp;Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater</li>
  <li>&nbsp;Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater</li>
  <li>&nbsp;#Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater</li>
  <li>&nbsp;Proof of Work inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)</li>
  <li>&nbsp;Proof of Work inclusion rewards after block 864,000: 0.0476 STEEM per block (awarded as 1 STEEM per round) or 0.750% per year, whichever is greater.</li>
  <li>&nbsp;Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater</li>
</ul>
<h2>Power Rewards:</h2>
<ul>
  <li>Steem Power rewards: For each STEEM created by the above rewards, 9 STEEM are divided among all Steem Power holders.</li>
</ul>
<h2>Steem Dollar (SMD) operations:</h2>
<ul>
  <li>SMD rewards: A percentage of SMD value is created at an APR set by the witnesses and paid to SMD holders as SMD</li>
  <li>Feed Rate following: The amount of STEEM for which the total SMD in existence can be redeemed will change based on changes in the price feed. This change is effectively destruction ("burning") of STEEM when the value of STEEM (as measured by the feed) is increasing, or creation of STEEM when the value of STEEM (as measured by the feed) is declining.</li>
</ul>
<p>Reference : <a href="https://steem.io/SteemWhitePaper.pdf">Steem White Paper</a></p>
</html>

👍 johnsmith, acidsun, noisy, dking7334, instructor2121, ungratefulchump, konelectric, lostnuggett, coinhoarder, ridz84, jearson, corbie, bjones, natedogg, hichman, hmfoucault, nastrom, sagar, lukewarm, ardina

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voter	rshares	pct
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acidsun	52,338,223,546	100%
noisy	22,102,411,894	100%
nastrom	145,022,738	100%
instructor2121	9,169,923,265	100%
dking7334	17,604,957,802	100%
coinhoarder	911,724,207	100%
ridz84	690,808,783	100%
bjones	333,701,376	100%
lukewarm	73,938,423	100%
ardina	33,635,017	100%
hmfoucault	199,326,450	100%
jearson	504,994,179	100%
hichman	206,618,655	100%
corbie	348,230,611	100%
sagar	122,960,868	100%
lostnuggett	1,252,767,654	100%
johnsmith	110,890,203,292	100%
ungratefulchump	3,574,066,020	100%
natedogg	226,178,829	100%

@bjones · Jul 18 '16

Nice layout for the community. Thanks

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@sagar · Jul 18 '16

welcome @bjones

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@hmfoucault · Jul 18 '16

WHOA

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@johnsmith · Jul 18 '16

Good summary, concise. Thank you!

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@sagar · Jul 18 '16

Thank you @johnsmith

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@noisy · Jul 20 '16

> Proof of Work inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)

could you explain this more?

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@pontifier · Jul 18 '16

So that's 60 STEEM per block, and blocks happen every 3 seconds, so thats 72,000 STEEM created per hour. At current exchange rates thats over 5 MILLION dollars per day! That's totally crazy and unsustainable. Since production of STEEM can't change, the exchange rate will. PEOPLE WILL LOSE A LOT OF MONEY WHEN THE PRICE CORRECTS

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@sagar · Jul 18 '16

$0.17

The Steem network starts with a currency supply of 0 and allocates STEEM via proof of
work at a rate of approximately 40 STEEM per minute to miners, with an additional 40
STEEM per minute being created to seed the content and curation reward pools (for a total
of 80 STEEM per minute). Then the network starts rewarding users who convert to SP. At
this point, STEEM grows at a rate of approximately 800 STEEM per minute due to the
combined effects of the various Contribution Rewards.

👍 johnsmith, sagar

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@sagar · Jul 18 '16

i just read this on steem white paper.
i just lay it out here so that new comer can aware of reward system:-)

properties (22)