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RE: Steem Hardfork And More New Exciting Changes Are Coming! [Detailed · 5 min read]

in #steem • 8 years ago

This is explained so well and in terms everyone can understand without being overly technical. Many thanks for creating this post. The only question I have is about liquidity rewards. Is that the payout of steem power or steem dollars? Maybe others have that question too.

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

    Contribution Rewards:

    • Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
    • Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
    • Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater
    • POW inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM
      per round)
    • POW 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.
    • Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per
      year, whichever is greater

    Power Rewards:

    • Steem Power rewards: For each STEEM created by the above rewards, 9 STEEM are
      divided among all Steem Power holders.

    see: Steem Whitepaper, page 35.

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       8 years ago  

      This is so helpful! I read the white paper but must have missed this part somehow.

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         8 years ago (edited) 

        Warning: some of the details of this, was updated with last hard forks. But more less it should give you an idea.

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           8 years ago  

          Understood. You are a valuable asset to steemit. I'll do my best to pass on the knowledge when I see others with similar questions.