Hello great #steamkids, I am really knew to #steemit platform having started this November. I have made few post in the newcomers community and this is my first post in steemkids community.
What I Know About Club5050
From few things I have read about #club5050, it involves powering up 50% of your total earning within a month period. In case, any withdrawal is made or transfer within the month, the number of withdrawal should be equal to the number of power up or even above it. Suppose I made 5 sbd within the month of November, and I wish to withdraw 2.5 sbd, therefore I should power up corresponding amount which amounts to the equal 2.5 sbd or something above 2.5.
The purpose is to encourage the equalizing between curators and writers reward. The earning formula is 50 - 50 between writers and curators. That means if a content earned 10 USD, usually the money is split in two, Author gets 50% and curators gets 50% . That means if the author makes 5 USD , curators should also make 5 USD . This 50-50 ratio would be realizable if one of the coin earned by authors are equally earned by curators. The curators earn in steem while authors earn in both steem and sbd. If sbd is equal to a dollar as it is pegged, there will be equality and the 50 -50 ratio would be true. However, due to some reasons, sbd is trading above a dollar. It takes up to 9 - 11 steem to make 1 sbd. In this case, to ensure that curators can earn what authors are earning means that the price of steem should go up against USD and sbd. The proposed 50 - 50 is
aimed as a solution to this inequality. When this gets resolved no party will feel cheated and the algorithm of the steem blockchain will be in place.
The stalwarts in the steemit ecosystem has proposed that the resolution of this inequality will attract investors into the ecosystem. The more money pumped into the the steem ecosystem the more the price appreciates.
The 50 - 50 solution encourage
- 1: people converting sbd to buy steem.
- 2: Ensuring that half of the total earnings for a month period are not transferred out but retained.
- 3: encouraging buying more steem to rise the demand.
In any case, I may not know much about the entire process but I believe that holding steem may result to profitability in the nearest future. I am working seriously on stockpiling steem. However, I do not have money, yet my goal is to stock more and more steem hoping for further price rise.
Today I made a power up of my last earnings.
I made the below sbd in from my last works.
I then sold my sbd to acquire steem
Finally I made a power up of my total steem
