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RE: Rate Limited Voting - Explained
first of all thanks alot for highlighting the main features of steemit once again in much better way as it will help more the steemit users specially the new coming members please explain the below sentence little more as i have some confusion in curation rewards in the sentence it is clear but is actually happen the situation if any one give vote in one second?
."If you vote after one second >99% of your curation reward will go to the author"
In the first 30 mins after a post goes live, the Author receives a share of the Curation rewards, of any votes which happen in this time frame. This was brought into effect to stop bots upvoting every post in the first fraction of a second, and taking all the curation rewards.
The percentage of curation rewards the Author receives, is based on how early/or late each vote is in the 30min window. The earlier a curator votes in the 30min window, the more of their curation reward goes to the author. The later in the 30min window, the less they give up to the Author. After 30mins passes, the Curator keeps 100% of the curation rewards they were due.
If you vote after 15mins of a post going live, the author will receive 50% of your curation reward...
Thanks alot for explaining more in very easy and rich sentences.