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RE: Steemit Update [Oct 13th, 2022]: TRON & Steemit Integration Project Update
It's very simple... They have a fund that pays out TRX for every SP earned. Now, instead of paying out 1 TRX for every 1 SP earned, they will have it pay out .5 TRX for every SP earned. The only result is that it takes longer for the fund to run out of TRX and users get half as many TRX as they were getting before.
Sometimes it can be so simple. 🙄
Yep, would have been cool to see a double instead of halve though! :)
Thank you, @jrcornel this is very clear now and understood. That is why I said in one of my comments that except that they have a fixed fund for this. Then it will make sense that with the increase in the number of steemians, such a decision needed to be made. Other just keep talking about the payout ratio, which was not a problem. I was interested in the motive of the strategy toward both ecosystems.
The update mention 23 Million TRX (worth ~$1.4 Million) invested into the Steemit Ecosystem for the month of September 2022. Given that I didn't have information about the other months, I did not quickly think about the direction of your response. It makes more sense now. TRON & Steemit Integration Project has boosted engagement on the platform now for the past 22 months.