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RE: Summarized Explanation for the Falling Price of Steem

in #steem • 8 years ago (edited)

No, no, I understand payouts. I don't understand how the daily reward pool is generated (its size and in what currency)?

Btw, the payouts are in SBD, which is then split as 50% SP/50 % (SBD and Steem). So the lower the price of Steem, the more Steem we get per SBD (since it's price is "fixed" to the dollar). Right now 1 SBD = 4.77 Steem. Play with the calculators on http://steemdollar.com/ to understand the relationship between SBD and Steem.

8 years ago in #steem by
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