RE: I have a question for the Steemit Community. How do Curation Rewards work?

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RE: I have a question for the Steemit Community. How do Curation Rewards work?

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veryscience (56)in #steemit • 8 years ago

Hmm, this sounds a little backwards from everything else I have read. I thought the earlier adopters got a larger portion of the reward. Can you explain further?

8 years ago in #steemit by veryscience (56)

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jsc (58) 8 years ago

"Our solution is to offer a reverse auction for curation rewards on votes cast within the first 30 minutes. The price starts out at 100% of your curation reward and falls toward 0% over 30 minutes using the curve (1-t2). The longer a bot waits to vote, the lower the fee will be. However, if someone else chooses to vote before you it would lower your potential absolute reward." -- ref

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veryscience (56) 8 years ago

Thanks!

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