RE: Steemit Update [Oct 13th, 2022]: TRON & Steemit Integration Project Update

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Steemit Update [Oct 13th, 2022]: TRON & Steemit Integration Project Update

in steem •  2 years ago  (edited)

If nothing is being burned, why devalue Steem and inflate Tron at post payouts?
What accounts for the difference in exchange rates at post payouts VS the current market exchange rates?

steem
2 years ago by

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      ·  2 years ago 

    It is nothing to do with exchange rates. It has to do with post payouts only. Instead of everyone receiving 1 TRX for every 1 SP they earned, they will receive .5 TRX for every 1 SP they earned. The only effect is everyone earns half as many TRX as they were before.

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    1 vote
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      ·  2 years ago (edited)

    Please, Can you give possible explanations for the questions asked above?

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        ·  2 years ago (edited)

      It has nothing to do with exchange rates. They have a fund that pays out TRX for every SP earned by users on Steemit. Previously they set that fund to pay users 1 TRX for every 1 SP they earned. Now they are changing that payout to be .5 TRX for every 1 SP earned. The end result is everyone earns half as many TRX as they were previously. Your guess is as good as mine as to why they decided to cut the TRX payouts in half for everyone...

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        3 votes
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          ·  2 years ago 

        Your guess is as good as mine as to why they decided to cut the TRX payouts in half for everyone...

        My guess is that this is how they're able to fund the Steemit Development Incentive Program.

        If that's the tradeoff, I'd definitely choose development over TRX matching.

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            ·  2 years ago (edited)

          Yea they kind of mentioned that as the reason in the post, saying now that they are implementing the development program they are adjusting the TRX payout ratio... Hopefully the development ends up being a positive. In my experience these development funds almost always take more value than they ever create... we shall see I guess.

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