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RE: Are the dollar amount showing for real?

in #steam • 9 years ago (edited)

From what I've gathered the amount at the bottom of a post gets split 50/50 to Steem Power and Steem at payout. You can "cash out" Steem however right now it's only worth about 39 cents to every Steem dollar/token. So if I understand it correctly, a post with $1000 shown will be able to cash out $195 USD when all is said and done. Think like this... 1000/2=500 and 500x.39=195. I don't know if I'm 100% accurate with that and things are subject to fluctuation.

If I'm way off with this and someone can straighten me out, please do!

9 years ago in #steam by
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     9 years ago 

    You are way off. Some of this stuff is still being tweaked, but a post that shows $1000 will have the author receive the following:

    • $350 worth of Steem Dollars which will be worth about $350 real dollars
    • $350 worth of Steem Power which would be worth $350 real dollars if you could sell at the current market price of Steem

    Additionally those who comment on the post will share $300 which will also be split 50/50 between Steem Power and Steem Dollars.

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