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RE: Reward Pool - Understanding the Concept

in #steemit7 years ago (edited)

You describe the whole system gracefully but my concern is that how much steem tokens created daily is it a fixed amount or it fluctuates and how a minnow like me able to evaluate daily amount of the reward pool..

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I am not completely clear on the calculation to create the reward pool. I know a few things that influence it. Maybe I will make it my mission to understand it and try to create a "sound bite" post for the calculations.

I am hoping someone will give you advice for monitoring the reward pool. I see it in SteemSpeak on Discord, through @inertia's bot @banjo. I believe banjo does a daily report which includes the reward pool as well.

It is a fixed amount, for example, here is the current reward fund, according to @banjo:

Total Reward Fund: 716,658 STEEM (Worth: $3,150,429 internally; $3,923,737 on Bittrex)

It is my understanding that this amount is for 7 days of rewards. It fluctuates but typically stays within the same order of magnitude no matter how many people vote (how's that for a sound bite :).

Maybe we are both human beings being fooled by Google!

Thank you! Not a bad sound bite!

I want to talk to someone else other than you, Savannah.