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RE: Your 2 Cent Vote is Worthless, The Real Deal on Dust Votes

in #steemit7 years ago

Bid bots work like auctions. Let's say a bot has a 100% upvote worth $100, and 50 people bid for it. The vote worth will be shared among the bidders based on how much they bid.

Eg. A bot has a $100 upvote and 5 people make equal bids. The 5 will get an upvote worth $20 each.

Post promoters on the other hand work via multiplication. Let's say the bot has a return rate of 2.2x.

If you send $1, you'll get an upvote worth $2.2.

That's the major difference between the two.