I don't quite understand how developers are paid for the apps they create on the steem block chain.
And what determines how much they get paid?
Any help is appreciated.
As @good-karma mentioned, if the application a developer makes allows users to post, then the post rewards beneficiaries allows you to claim a percentage of what the post author's payout would be. This feature hasn't been that widely used yet, and may have an impact on adoption.
There's a few other ways as well:
Becoming a Witness: Developers who stick around and get deeply involved in the steem ecosystem can choose to campaign to become a witness. Witnesses run witness nodes, which generate blocks on the network and earn a rewards. Being a witness is a lot more than just being a developer though; you also need to be proficient with systems administration and pay for your own servers.
Posting updates about your projects: Did you add a new image uploader into your app? Did you release a new project? Did something awesome happen because you did something cool? Write up a post about it. Semi-regular post rewards can help make the earn some money.
Creating a crowdfunding address and ask for donations: A lot of developers do this, and there's a lot of deals that happen if you network. Some of the whales within the community sponsor projects and help keep 3rd party developers fat and warm.
I'm sure I'm missing a few other ways as well!
As a developer who does earn money by developing apps for the steem blockchain, I can say that it's a pretty unique system. It just takes a while to figure out and some networking with others in the community.
Apart from that. With the recent hard fork, there was something about revenue sharing which I didnot understand. I was asking about that. Can you help me out @good-karma or @fyrstikken ?
As @good-karma mentioned, if the application a developer makes allows users to post, then the post rewards beneficiaries allows you to claim a percentage of what the post author's payout would be. This feature hasn't been that widely used yet, and may have an impact on adoption.
There's a few other ways as well:
I'm sure I'm missing a few other ways as well!
As a developer who does earn money by developing apps for the steem blockchain, I can say that it's a pretty unique system. It just takes a while to figure out and some networking with others in the community.
Hope that helps!
This is the most comprehensive answer that I found for my same question. Thank you so much, @jesta! :D
That definately helped. Thanks.
No problem!
one way they do it is, when they announce the app, they get lots of upvotes and sometimes they use ads too
Apart from that. With the recent hard fork, there was something about revenue sharing which I didnot understand. I was asking about that. Can you help me out @good-karma or @fyrstikken ?
You can do some search about beneficiaries and reward splitting... also check this release notes: https://github.com/steemit/steem/releases/tag/v0.17.0