Every three years the total number of steem is reduced and you get back 1 steem for every 10. While the total valuation remains the same. So if you had $300 worth of steem worth 1 dollar pre split you would have steems worth $10 after the split. Just less numbers of them. For more description of this check out the white paper.
Every three years the total number of steem is reduced and you get back 1 steem for every 10. While the total valuation remains the same. So if you had $300 worth of steem worth 1 dollar pre split you would have steems worth $10 after the split. Just less numbers of them. For more description of this check out the white paper.