RE: TIL: How much STEEM is added to the reward pool per day?

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TIL: How much STEEM is added to the reward pool per day?

in steem •  8 years ago 

Thanks for the helpful explanation. Just one question - why 978? I guess 9.78% was the original inflation rate? If so, why not 9.5% at the time of the fork as you say in Dec 2016?

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That's right. It was set to 9.78% to make it exactly 9.5% at block 7,000,000.

(978 - (7000000 / 250000)) / 100 = 9.5%

Ah, thanks!