It works like a normal pool, every day the same amount of rewards are created for all active users (2.3M). If the number of users increases, the rewards getting each user compared with the rewards from 1 month ago, for example, will be fewer.
Easy example:
Only 3 users on the entire platform.
a) 50% of rewards weight - Receives 1.15M SME
b and c) 25% of rewards weight each one - Both receive 575k SME
One month later:
There are 100 active users on the platform.
Probably the new 97 users don't even have high voting power or rewards weight but they are getting rewards (much less than the older 3 users).
Then... The rewards for getting the new 97 users are coming from the same pool as the old 3 users are getting them.
As always there are only 2.3M daily rewards shared by all users, the 3 old users must receive fewer rewards now compare to one month ago.
Then.. if the 97 new users buy SME to get more voting power and to increase their rewards weight from the pool, SME price goes up and the old 3 users are not losing $ rewards, because they receive fewer rewards but with a higher price.
just to be sure
when my sme reprensented 10% of the staked sme i received 10% of the possible reward, now that my staked sme only represent 9.8% i only receive 9.8% of the possible reward... im i corect or is there more to it?
More or less.. but it does not work (I think) taking ONLY as reference the % staked SME.
The amount of rewards you receive depends on your actions on the platform..
It`s not the same for example to have a post (1) with a 30k SME as other post (2) with only 2k SME. You will receive different amounts of rewards on each post for creator and curator rewards, even having the same % staked SME when you posted both posts.
ok that would make sence to encourage poeple to try to make better post with an incentive like -> get better result for more apreciated post.
do you know if dev can print sme at will or is it locked as reward printing only (if that make sence)? since i saw a user with air dropped coin i keep wondering if the ability to print sme and brrrrr is legit...
To finish the example....
One month later probably the old 3 users are getting:
a) 1.05M
b) and c) 500k
The other 97 users are getting the rest.. 2.3M - (1.05M+500k+500k):
250k shared by all 97 users
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More people ---> Fewer rewards
(To have the perfect formula, SME price should go up too)
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could you explain it more plz?
it was one of my question that got never answered by anybody... how does the reward minting actually work for real?
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It works like a normal pool, every day the same amount of rewards are created for all active users (2.3M). If the number of users increases, the rewards getting each user compared with the rewards from 1 month ago, for example, will be fewer.
Easy example:
Only 3 users on the entire platform.
a) 50% of rewards weight - Receives 1.15M SME
b and c) 25% of rewards weight each one - Both receive 575k SME
One month later:
There are 100 active users on the platform.
Probably the new 97 users don't even have high voting power or rewards weight but they are getting rewards (much less than the older 3 users).
Then... The rewards for getting the new 97 users are coming from the same pool as the old 3 users are getting them.
As always there are only 2.3M daily rewards shared by all users, the 3 old users must receive fewer rewards now compare to one month ago.
Then.. if the 97 new users buy SME to get more voting power and to increase their rewards weight from the pool, SME price goes up and the old 3 users are not losing $ rewards, because they receive fewer rewards but with a higher price.
I think it works like that hahaha...
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ok that was realy well explained thank you
just to be sure
when my sme reprensented 10% of the staked sme i received 10% of the possible reward, now that my staked sme only represent 9.8% i only receive 9.8% of the possible reward... im i corect or is there more to it?
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More or less.. but it does not work (I think) taking ONLY as reference the % staked SME.
The amount of rewards you receive depends on your actions on the platform..
It`s not the same for example to have a post (1) with a 30k SME as other post (2) with only 2k SME. You will receive different amounts of rewards on each post for creator and curator rewards, even having the same % staked SME when you posted both posts.
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ok that would make sence to encourage poeple to try to make better post with an incentive like -> get better result for more apreciated post.
do you know if dev can print sme at will or is it locked as reward printing only (if that make sence)? since i saw a user with air dropped coin i keep wondering if the ability to print sme and brrrrr is legit...
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Haven't noticed it really, just the average degrading when upvoting a lot. Could it be a move to make the platform more sustainable?
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Yes, my voice has decreased by about 400-500 SME
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yup same here
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I don't have much power but I'm experiencing the same
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