A Clarification Regarding SBD/SP Split And The Beneficiaries System For The Utopian Sponsors
We got various complaints regarding the 50/50 split of the rewards for the Utopian posts, this one in particular and we believe it is time to make some clarifications.
50/50 Split SBD / SP
We had a bug and we thought we had it fixed two times while actually was not like that. Now it is fixed for real. In percent_steem_dollars we were adding 5000, but then realised it should be 10000, even though this does not make much sense in our opinion. This is why you were receiving more SP than SBD. Now the bug is over since 3 days and new posts using the option 50/50 should work as expected.
Beneficiary System For Authors
When you post in Utopian.io a minimum of 15% to a maximum of 25% of your author rewards is given back to the sponsors and to the moderators, since it is thanks to the sponsors that you can get high votes and it is thanks to moderators if the quality of our platform is increasing.
The 15-25% will be taken from the 75% of your author rewards, while the remaining 25% is taken by Steem for the curation rewards. So your earnings are 75% of the total amount your post got, minus 15-25% given back to the Utopian Sponsors and Moderators.
Beneficiary System For Sponsors
When you become an Utopian Sponsor you will be added as beneficiary in the posts created on utopian. 20% of the author rewards are dedicated to the sponsors based on how much they delegate.
As a sponsor the more you delegate the sooner you will be included in the beneficiaries and rewarded. This is because Steem only accepts max 8 beneficiaries per post.
This also means if you un-delegate before being included as a beneficiary of any post, you may end up not getting anything. There is a queue managed by Utopian and you can see how much you are supposed to get under Should Receive More in the Utopian.io Sponsors Page.
The Should Receive More tells you how much you have already accumulated and DOES NOT include the pending rewards not yet cashed out. So actually you will get more than what you see in Should Receive More. It is a deferred system. With this system the only thing you have to do to get your rewards is to show commitment and not un-delegate until you get what you are supposed to get.
Why Utopian Is Being Now Included As a Beneficiary?
@Ned is still a sponsor but has rejected his rewards. So he does not get a cent from delegating to Utopian. As a sponsor when you decline your rewards, the rewards you should have got will be given to the main @utopian-io account and used to delegate to other projects or to reward the contributions with the Utopian Bot.
Utopian Community-Driven Witness
We are made of developers, system administrators, entrepreneurs, artists, content creators, thinkers. We embrace every nationality, mindset and belief.
Utopian.io is the first Community-Driven Witness. Every decision will be taken as per the consensus of the entire community using our public Discord server and soon via a public voting system.
- Go here Steem Witnesses
- Scroll to the bottom
- Write utopian-io and vote or set utopian-io as a proxy
- Use Steem Connect for Voting Utopian as a Witness
- Or Use Steem Connect for proxying your vote to Utopian Witness
A Special Thanks to The Sponsors
A Special Thanks to The Moderators
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@utopian-io and @elear this post could not have been done in a more perfect time. It clearly explains how rewards are divided and how the sponsors side works.
@elear you really show how much you are giving to make this a success, and how you are focused-centered on users. This will definitely take you nowhere, but to success with your goals and vision for the @utopian-io project.
I listened to what you mentioned in @aggroed panel discussion of the future of Steem, and vision from all of you that are really changing the way industries have operated. You with the way opensource projects are funded, and steemit with the way quality content is rewarded as well as how they connected funds and transactions with the social media platform. Huge great changes are on the way with SMTs too!
Regards, @gold84
@elear , could you please clarify regarding ...
if you mean either (at minimum)
-a- author earnings = 75% - 25% = 50%
or
-b- author earnings = 75% * (100% - 25%) = 75% * 75% = 56.25%
Is it -a- or -b- or c: something else even?
(edit: self-upvoted for visibility / clarity)
This one -b- author earnings = 75% * (100% - 25%) = 75% * 75% = 56.25%
^^^ This is how to calculate your rewards dear authors!
Thanks! Do we need to add in the author's share of curation rewards to the author's earnings? I assume utopian also earn 25% of that amount? (so the 75% will in practice be a little higher).
Yeah, It actually doesn't make sense for me too!
nice post
This explains better
Thank you for this clarification, this is what I was trying to get last night in the Discord channel and also by watching the video on the subject, however it still wasn't clear.
Now I understand I can move forward and hopefully post for Utopian again.
Steem on! :-)
Cg
Good news. Thanks for such a great job.
Hi @elear. I asked about this in a previous post but I didn't receive a reply. I've been a sponsor for a while now and I have yet to receive a reward. I've delegated 1500 SP because I believe in what you guys are doing, and I'm not in it solely for the reward, but I'm just wondering when it would be allocated. Also, I've been wondering why people who delegated less are due to receive more, but I guess they delegated earlier than I did, is that right? Looking forward to hearing back, and hoping to contribute to the wonderful open source projects on Utopian soon!
Yes exactly, the reason is they have delegated before. 1500 is a little amount compared to the biggest ones having more than 1M. May take few weeks.
Hey, man! I appreciate you getting back to me. Yeah, I get that 1500 is but a pebble but it's all I have to give haha! Sorry about that. I was just wondering how the queue is calculated though. Is it by the order of delegation? Or, is it based on the share?
On the shares @jedau. The more Should Receive Rewards you accumulate, the more likely you will be inserted as a beneficiary in one or more posts
Great! Thanks for the clarification, @elear! :D
Wow Nice!
Thank you for the clarification