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RE: What is Steemit?

in #investments • 8 years ago

Hi. Is there a set interest rate you earn on Steempower?
and
How did you figure out that the dilution rate is .19% per day?
"Holding STEEM as an investment is not recommended due the high dilution rate (0.19% per day)."

8 years ago in #investments by
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     8 years ago (edited) 

    The 'interest' on Steem Power is 9 out of every 10 new STEEM units being divided among people holding Steem Power, so the interest rate changes constantly. You can estimate your interest by writing down the number of Steem Power you have, waiting five minutes and refreshing the wallet page. You SP balance will have increased - if you subtract the two numbers and divide by 5 you get your interest rate in SP per minute.

    STEEM dilution rate comes from the whitepaper (100% dilution per year).

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