Daily budget is 333 SBD which is around ~$230. It is very small portion of daily budget. ~1300 SBD is daily budget of SPS and it is increasing by minutes. We think XSteem will be great service for the growth of community and accelerate adoption of SMTs.
What's the money for, because it's definitely not for the servers...?
It is for development of XSteem, please check announcement post, I have linked it bottom of the post.