RE: Understanding Steemit : Know How Steemit Reward System Works and How Rewards Are Distributed!

[lordjames]

Thank you for this information. Am just a day old on Steemit and have been finding it hard to understand the whole reward system. And just ty clarify, you mean that the value we have attached to our post is equivalent to the value in US dollars and therefore will be converted to SBD depending on the exchange rate?

Comments

[ilyastarar]

No. The value of a post is divided into 2 portions.

1. 75 % in author rewards.
2. 25 % curation rewrads.

The 75 % author reward is also divided in two portions.

1. Half of it is converted to equal number of SBD. Price does not matter.
2. The other half amount is $ is converted to SP. Whatever number of Steem can be bought with that amount.

I hope it's clear now.

[lordjames]

Thumbs up. All clear now