BOI- Monthly Curation Reward Update & Distribution of Delegator's Reward for Oct 2020.
Since the announcement of the Best of India community, we invited delegations from the newcomers as well as from those who seek investment opportunities through delegations.
In the month of Oct 2020, we reached out to the individual Steem users in the Indian community, motivated them, encouraged them to build their SP, to consolidate in one account. Some of the users turned on to this proposal and delegated their SP. We also get delegators from outside the Indian community.
Best of India gives 100% curation reward to its delegators.
So before going into the details of the delegator reward, I would like to express my gratitude to all the delegators on behalf of the BOI community for helping us to build this community.
In the month of Oct'2020, we keep on receiving delegations, consolidated to @bestofindia. So here is the list of the Delegators, SP, date of Delegation.
Please note that for those who keep on adding delegation more than once, the figures given in this table to be read as cumulative delegated SP.
As different delegators have delegated on different dates, we have calculated the Effective Monthly Weightage of SP for each delegator.
Effective Monthly weightage of SP-Delegated
From the above table consider the case of @neerajkr03,
@neerajkr03 has delegated 1053 SP on 12th Oct, 1254 SP(Cumulative 2307) on 13th Oct & 300 SP(Cumulative 2607) on 17th Oct 2020.
So 1053 SP remains in curation effect for 20 days, 1254 SP remains in curation effect for 19 days, and 300 SP remains in curation effect for 15 days in @bestofindia account in the month of Oct 2020.
=> Effective Monthly Weightage of SP-Delegated by @neerajkr03 to BOI= [(105319)+(125418)+(300*15)]/31
= 1593.10 SP
Please note that the @bestofindia account has its own SP as well, as it is receiving a 10% benefactor reward, contributed by the three CRs from India. It also generates the author's reward from time to time through various contest announcements, updates, etc. For that, we have taken the median value of the SP for @bestofindia account as Effective Monthly Weightage of SP in this calculation. At present @bestofindia has 2069 SP. The median SP in the month of Oct 2020 is calculated as 881 SP.
The total curation reward generated in the month of Oct 2020 is 180.4 SP.
So after calculating the Effective Monthly weightage of SP for each delegator, we calculated the percentage share of each of them out of the total curation reward generated and finally the curation reward earned by Delegators through BOI community.
Based on Oct 2020 curation reward, the projected APR stands at 19.66%. We try our best to maintain good curation efficiency, but our objective is primarily focused on helping the newcomers, curating them, guiding them, ultimately building the community. Keeping this objective intact, we also strategize the use of SP to make the curation efficient.
We have already distributed the delegator rewards to the respective delegators. We have used Steemyy to distribute the delegator's reward.
List of Delegators
That's all. Thank you again for delegating to the BOI community, we will continue working hard to build this community.