Hi guys,
As promised , Today I will be explaning about Voting power and Vest in as simple as possible format.
Voting power
The most important part of steemit is voting power. It is based upon how much Steem Power is available in account as well as how much voting is done by that account. Steemit doen't know , how much upvote an account can do , so it extimates the voting power for user as votes per day.
As votig power decreases the payout is aldo decreased , which is calculated as :
NewPayout = (OldVotes + NewVotes)2
As the voting power decreases the payment degrades so , please plese vote carefully the top post only. Even though voting weight is same , voting power differs the reward. Voting power gradually increase by 10-20% per day.
If you have enough steem power , you may even control the voting power i.e how much reward you want to give to any post. So carefully invest your voting power
Vests
Vest is not new to any steemit users but , still there is great confusion on this topic. It is described as share in steem power which means to give secured right of present or future deployment which can be explained using INHERITANCE LAW. It is a percentage ownership which increase as power up is done and decrease during power done. It all depends on steem power and calculated as:
Thats all guys . In next post , I will be describing about other topics. So dont forget to follow me to know more about steemit in simple manner like steem token and ecosystem.
Congratulations @rishishrt ! You received a 20.30% upvote from @kryptoniabot & @kryptonia for your task of 4000 SUP Today.
Remember to receive votes from @kryptoniabot
Run a task on Kryptonia.*Join free here Kryptonia Account
Use the tags KRYPTONIA or SUPERIORCOIN in your Steemit post.
Delegate to the Kryptonia Upvote by clicking links: 10SP , 50SP , 100SP , 500SP , 1000SP
Due to an increased amount of tasks, we have changed up the voting power to evenly spread out the Upvote amount.
You really fulfill your promise. Thank you for doing this. I t really helps a lot. Upvoted by rubelynmacion
Thanks for concerning , but if you are from kryptonia then I mentioned that the reputation in steemit must be 60 then , why did you accept the task . Sorry to say but I have to revoke you.
you should know the basic of steemit, you don't even know a steemian who upvoted your post (i upvoted 100% and you reply that i didnt upvote it huh), check steemdb and steemnow.com, otherwise i will report you to the head of kryptonia!
Of course i am from kryptonia and steemit. Never again will i do your tasks.
thanks for this wonderful information
Thank you for your compliment
thank you for sharing this wonderful article it will helps us and the newbies.
Thank you.
nice post bro =)
Good info. Well explain bro
Thanks bro for your support.
Thank you for sharing your knowledge! It was great.