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RE: Steem related apps with YOUR POSTING KEY, and beneficiary percentages. What you need to know.
Small correction: 95% of the rewards goes to user and 5% is allocated to the further development and expenses of the project. 5% is also used for give back rewards to users with #esteem-spotlight and many various programs like encouragement and feedback loop etc.
Also to note: No one has access to the posting key but user, just like on Steemit transactions are generated locally and broadcasted to the network!
Fixed the correction. Thank you for commenting. I know your app never actually transmits the posting key anywhere. It stays on the user phone. Just the transaction gets sent with the posted content from that user.
Thank you brother! I will make eSteem FAQ post asap to address some of the concerns
Excellent. :)
I've made some additional corrections about the posting key on my post. [updated]. Please look again. I also quoted this: " No one has access to the posting key but user, just like on Steemit transactions are generated locally and broadcasted to the network!"