Today I come to teach or rather illustrate with a couple of examples an important update that was made in the past Hardfork number 20 and deals with the rewards for curator and author.
Fuente
¿What are curator rewards?
These are the rewards we receive at Steem power for voting on a publication and the amount you receive depends on several factors and two of them are: The time the publication has when you cast your vote and the amount of money the post accumulates after you cast your vote.
¿What are author rewards?
It is the rewards in Steem power and Steem/Sbd or only Steem power (according to the configuration of the post) that the author or the person who wrote a publication receives.
Having these two concepts clear, we move on to the following...
Before applying Hardfork, these rewards were distributed as follows.
- 75% for the author
- 25% for voters.
But this was not fulfilled by the following rule.
"If curators vote for a post within the first 30 minutes of it being created, a portion of their curation reward is added to the author payout. This portion is linear to the age of the post between 0 and 30 minutes. As an example: upvoting at 15 minutes will donate half of your potential curation reward to the author".
This means that the author could receive more than 75% of a post's rewards while the voter or curator received less than 25% of the supposed amount. Let's look at the following example.
Let's say your vote is worth $1. You just saw a publication that has a value of $0 but it has a time of 15 minutes of having been created but you still decide to give it a 100% vote; after 7 days, the post is with the same value of $1 that you have given it.
You'd think the curator and author rewards would look like this.
- Author receive $1 x 0.75 = $0.75
- Voter or curator receive $1 x 0.25 = $0.25
That's not how you think, remember the 30-minute rule?.
The curator only receives 50% of the 25% of the publication's rewards and this is due to having voted just 15 minutes after the publication was created, that is, he is going to receive $1 x 0.25 x 0.5 = $0.125.
The author receives 75% of the rewards that the post has for being the author (worth the redundancy) and also the other 50% of the rewards that would be from the curator. $0.75 + 0.125 =$0.875.
If we measure it as a percentage, the distribution of rewards would be this way...
Author = ($0.875 / $1) x 100 = 87.5%
Curator = (0.125 / $1) x 100 = 12.5%.
You see that the percentages mentioned above are not met? where the author was supposed to receive 75% and the curator 25%.
This was an easy way to make better profits on a publication as long as you were the author.
Thanks to the recent Hardfork this is over! The period of time when a vote was said to be anticipated changed from 30 minutes to 15 minutes. The author will now receive 75% of the rewards of a publication while the rewards for very early votes will go to the rewards fund which is used to pay for all publications and comments that have received votes.
Using the example above but changing that the time in which you gave the vote was 7.5 minutes (remember that now only 15 minutes is the total time that a publication has to receive a vote in advance) ... The rewards would be this way...
author = $1 x 0.75 = $0.75
Curator = $1 x 0.25 x 0.5 = $0.125
Rewards Fund $1 x 0.25 x 0.5 = $0.125
And that's how easy it is to eliminate the early voting that many people used to do in order to obtain better benefits and, in a way, it motivates curators to do their work again.
By the way, the reward fund can be found at https://steemd.com/
