Maximize Your Author Rewards - Use 50/50 Split When Blogging
Due to the current value of Steem Backed Dollars, a unique arbitrage is available when receiving author rewards. Do yourself a favor and toggle the setting in the lower right corner of the posting screen so that it reads:
Default (50%/50%)
This way 50% of your author rewards are paid out in Steem Backed Dollars. SBD is intended to be pegged to the US dollar at 1 to 1 ratio. Yet, in the real world, SBD is worth closer to $2.
If you receive a 100% Power Up payout for your work, it won't take into consideration the actual price of SBD.
While SBD is riding high, take the 50%, use the internal market (or external) and sell the SBD into STEEM and then POWER UP from there. You will make yourself a tidy little profit and extra Steem Power!
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Image source: pixabay.com
Thank you for the post. It all so new and confusing, but fun.
I am just attempting to do my first trade on the market.
Whenever you have a question, feel free to ask, or google your exact question and you will find that a steemer has already made a tutorial for the process.
Gotcha, thanks for that.
Just little life hacks that work in our favor!
I just got my first payout today and felt like getting my first salary ever.
Right now I am still using the 50/50 split, just because I don't actually know what means. Thanks for the article and I understood more about this.
Good for you! Isn't it great, putting in the effort without expectation, and viola, found money.
Great post buddy, I am about to post this to Steemit Blogger Central for you, think the new people should see this for reference. Hope that hooks you up some, keep up the great work!!
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Awesome! I'll check it out on twitter and follow you over there.
Appreciate the support, I will let this sit at the top for a little while to let it catch on for you. I have a few more posts to do but I figure this will help educate so I will let it rest for a bit to help you and others.
Good deal.
I am so new to Steemit. How often does this site pay?
It pays you seven days from the day you posted your content/curation. If you are active and earning rewards daily, after the initial seven days, it will pay you daily.
Oh ok. I am active daily, so this should be like clockwork. Thanks for the information. Enjoy your weekend.
I am late now. I didn't know that I could use my sbd to steem to steem power. Anyways, its a big help. Thanks for the info..
This way you don't have to convert your SBD and wait 3 days, you're also more likely to get a better price.