Basics of Steem (Part 28) : Curation Reward Calculation

in hive-183397 •  9 months ago 

INTRO

The Tron Fan Club is a specialized community working on some specific topics. As a moderator of the community, I am regularly sharing several tutorials to help newbies. In this series of tutorials, I am trying to share the basic issues of Steem blockchain.


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In some previous posts I discussed two important topics of reward distribution. In the first post I tried to give an idea about the reward distribution and in the second post I tried to explain to you in detail how the author’s reward is distributed. In this third post, I will give you an idea about curation reward distribution. So, let's get started.

The person or persons doing the curation will get half of the total post reward as curation reward. That means half of the total potential payout will go to the curators who voted. It will be distributed among all. However, in this case, there is some mathematical calculation in the reward distribution of those who voted earlier. I shall discuss it in the 5th part of this series of reward distribution posts.

Curation Reward Distribution.png

Curation Reward is distributed in Steem Power. The Total value of the Post in Steem Dollar will be divided into two. Half of the part is for curators. As it is paid in SP, so the Steem Dollar will be converted to SP. The formula for conversion is SP= Steem Dollar Value / Price of Steem. That is, you will get 50% of the total reward from the curation reward as a voter, if you convert SBD to Steam, you will get as much Steam power as you get. No liquid tokens are given here.

In this way SP is distributed to the wallets of the voters as a curation reward. Some early voters may get higher return which I shall discuss in 5th Part of this series. Wait then. Thanks.


DISCLAIMER

I have already shared similar tutorial in Bengali language in আমার বাংলা ব্লগ community. This post is not shared under Self Plagiarism but shared on this platform for educational purpose to maintain tutorial archive. Basically, Steem tutorial series posts are for the newbies in the Tron Fan Club community those who want to know about Steem Blockchain. Hopefully, they will find Steem basic tutorials sequentially at a single place. You can find here the post already shared in another language.





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Thanks for the way you break down the concept of curation rewards on steemit and what it entails

Learned many unknown things from this post, thanks for supporting us

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