How does Steem work, anyway?

Where does the money come from?

Steem Payouts

Steem (STEEM)

Steem Power (SP)

Steem Blockchain Dollars (SBD)

Steem Tokens

What does the payout of an upvote depend on?

The STEEM price feed

The number of vests you get for your SP

Vote Power and Vote Weight

Voting Power Voting Weight

The reward pool and recent payouts

The formula for computing the worth of an upvote

Voting Power Voting Weight
// These values are blockchain parameters and can be seen on https://steemd.com
const steem_per_vest = 488.307 / 1e6; // steem_per_mvests / 1E6
const reward_balance = 699080;
const recent_claims = 376642879570736617;
const reward_per_rshare = reward_balance / recent_claims;
const steem_price_sbd = 5.219; // feed_price.base / feed_price.quote

function calculateVoteValue(
steem_power = 10000,
voting_power = 100,
voting_weight = 100
) {
const vests = steem_power / steem_per_vest;
let multiplicator = voting_power * voting_weight;
// some normalization of the vote multiplicator
multiplicator = parseInt((multiplicator + 49) / 50);
const reward =
parseInt(vests * multiplicator * 100) * reward_per_rshare * steem_price_sbd;
return reward;
}
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Full Stack Software Engineer #javascript #EOS. Into Recreational Math / CS 🤯 Just message me about anything, my mind is open.

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Christoph Michel

Christoph Michel

Full Stack Software Engineer #javascript #EOS. Into Recreational Math / CS 🤯 Just message me about anything, my mind is open.

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