Understanding Steemit System Fundamentals - theorem

Understanding Steemit System Fundamentals

1. rescue

Basic structure: Services that earn money by writing on the Internet
Differences from other blogs: services that are rewarded with virtual currency instead of advertising or external advertising
services

1. Revenue stage (author compensation)

1. I write to steemit
2. For a week, visitors can vote (a good article or a favorite article)
3. When you vote, steem builds up.
4. One week after completing the vote, the author will receive 75% steem
5. The more good posts you get, the more votes you see

1. How to Vote for Voters (Voting Compensation)

1. How the voters share the rest of the steem except for the 75% steem returned to the author
2. Introduced a voting energy system to prevent those who vote indiscriminately

1. Voting energy system

1. 100% voting power given

2. Voting power deducted by 2% each time you vote

3. Example: 98% to 100%, 96% to 98%, and 2% to 2%

4. 20% recovered within 24 hours

5. If you vote while the voting power is low, you can reduce the rewards you give to the opponent or the compensation you receive to fit the power, preventing you from voting indiscriminately.

6. Since the voting power is high for new users, there is no problem until it drops to 30%. Steem It Users

7. You can control the amount of your vote when the steem power exceeds 500

1. Steemit Compensation System

1)If the steem power is high, you can vote and your voting reward becomes bigger.

1. This is called curation compensation.

2. The more currencies you pay, the bigger the compensation you get from the posts.

3. However, there is a penalty to prevent the famous authors from voting indiscriminately.

4. The penalty is reduced until 30 minutes after the writing is written, and the reduced part is given to the writer.

5. Example. After 15 minutes of writing -> 50% of curation rewards are given to the author, and after 30 minutes curation rewards

6. You can not get anything if you vote 15 minutes before the posting. To the writer entirely theorem.

7. The faster you vote, the bigger the rewards, but the sooner you vote, the better. In other words, it's best to quickly dig up after 30 minutes of uploading a good post that does not have a vote yet.

1. Author's Settings

1. Rewards can be set after upload
2. The power-up is only steem power, the default is 50% steem power and steem power, respectively
   After 7 days For seven days after writing, the lease feature is activated (similar to Litwei)

1. Can not be edited after 7 days

1. Voting is allowed up to 6 days
2. On the seventh day, the recommended function is blocked and only the non-function is available. No vote is meaningless
3. The reward is given after 7 days.
   4)You can check the amount of compensation and the time remaining
4. When set to the default: 75% is given to the artist, 50% of which is given a Steem Dollar, and 50% is rewarded with steem power.
5. Steem power is delivered to voters according to their stake

1. Difference between steem, steem dollar and steem power

A.Steem

1. Only selected persons can be mined
2. Twenty people alternately mined
3. If there is vacancy, about 100 candidates are mined
4. 10% of the mined steem goes to the digger, 15% to the steem-holding holders, 75% to the Steemit site

B. Steemit

1. A kind of community wallet program
2. Write, edit, vote, send steem, etc. to the block chain

C. Steem Dollar

1. Virtual Monetary Unit, Currency Unit Without Volatility
2. The value of steem is summed up by about 20 steem engineers (witnesses)
3. I try to keep 1 steem dollar for $ 1

D. Steem power

1. When the steem power is high, you get higher compensation than your opponent.
2. Unlike steem that can be instantly activated, power down for 13 weeks
3. Each week, you receive steem equivalent to one-third of the steem power.
4. The interest rate is 1.4%
5. Attracting long-term investors, creating endless accounts Avoiding attacks