RE: Something BIG is Happening on Steemit by james-show
Viewing a response to: @james-show/re-steemplusblog-something-big-is-happening-on-steemit-20161010t012947598z
steemit·@steemplusblog·
0.000 HBDWe choose 5 of the best recommended posts. Here's the math: Let's say a newspaper earns $300 Steemit naturally splits that up as so: 25% to curators 37.5% to author in SP 37.5% to author in SBD The SBD earned is what's being rewarded. Let's take the example of $300. 300 divided by .375 to get our SBD amount which is $112.5 SBD Since we choose 5 winners who recommended the featured content, 112.5 is divided by 5. Which equals 22.5 SBD. The reward is 22.5 SBD for that newspaper. 5 people win per day for recommending the featured posts, and we have a new newspaper every single day. This is already in action and it's worked out perfectly. We just don't have the earnings we need to have a good incentive. But once we do have that incentive, more people will recommend posts, which increaes competition, which increases quality. And when you have a place where there's a ton of valuable content, everybody wins. Readership increases, and a community is built. Not everybody wins rewards for recommending posts, everybody wins for having a place where high quality content is in abundance for everybody to see. If you want to look it over, you can check out the main @steemplus account, the wallet, and users recommending posts. Here's how it works in a simple infographic: https://steemit.com/steemplus/@steemplus/say-hello-to-steemplus-the-daily-newspaper-that-pays-you-to-recommend-high-quality-content-here-s-how-it-works-summarized-in-a
👍 xyphoid,