Reward pool overview- Introduction to #steemschools

I appreciate invitation by my friends to steem schools

I would like to share with my followers this information about reward pool

What is the reward pool?

Every day, a fixed amount of STEEM tokens are allocated to the network reward fund, commonly called the "reward pool." These get distributed to authors and curators for posting and voting on content.

How is the reward pool split between authors and curators?
Up to 50% of a post's payout is awarded to curators (the people who upvoted the post) as a reward for discovering the content. The other 50% is awarded to the author.
If curators vote for a post within the first 5 minutes of it being created, a portion of their curation reward remains in the rewards pool for other authors/curators. This portion is linear to the age of the post between 0 and 5 minutes. As an example: upvoting at two minutes will donate 60% of your potential curation reward back to the rewards pool.

Will the reward pool pay out more or less depending on who votes?

There is a fixed amount of STEEM coins that gets added to the rewards pool each day. In the short term, the amount of coins that get paid out may be higher or lower depending on the amount of voting activity, but over time it will pay out the full amount of rewards regardless of who votes.
Votes in Steem are stake-weighted. Therefore voters with more Steem Power have a greater influence over the allocation than voters with less SP, but their votes do not increase the amount of rewards in the rewards pool.

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