Find&Reward: How and When
findandreward·@bhuz·
0.000 HBDFind&Reward: How and When
Hello everyone, this is the continuation of my [*First Find&Reward post*](https://steemit.com/findandreward/@bhuz/let-s-find-and-reward-steem-s-contributors). First of all, I would like to thanks all those people who commented and participated in the above post, helping me find some great works! *As far as this post, I am going to give some more info about **How** and **When** I will try to reward Steem's Contributors redirecting part of my witness pay.* <center></center> --- ### How does it work There are a couple of things that you need to know to understand the limits I face to decide the timing and the amount of the rewards. 1) **How** witnesses are rewarded for blocks signing and validation: - Rewards get distributed as *Steem Power* (non-liquid token) 2) **How** the unvesting process works: To be able to make the distribution, I need to *Power Down* my Steem Power (unvesting/withdrawing vests), with the following limits: - The unvesting is a weekly process - There is a limit on the weekly amount that you will be able to withdraw, depending on your total SP balance *All of this means **I am not totally free on deciding the amount nor time for the distribution:*** - I can not directly transfer and distribute my earnings, but instead, I have to go through the process of unvesting my funds first - For the very nature of this process, I can not distribute new rewards faster than once a week - Currently, the max weekly amount that I can withdraw should be around 900 Steem ### Unvesting: Started! On August the 9th I started unvesting my funds. On August the 16th and 23rd, the first two withdrawal took place, and several hundred Steem are now available for the distribution. ### *Next week I should be able to award the prizes to the first Steem's Contributors!* --- #### Notes 1) If I continue to stay an active witness, my total balance will keep growing, and so will the weekly amount available for withdrawal 2) The one-week timeframe for new distributions is just a lower limit. I may not be able to withdraw or distribute the rewards weekly, for both personal or technical reasons 3) I reserve the right to stop any rewards activity at any time for any reason ---
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