RE: How Many USD Authors Really Get per Article – Steem Dollars Explained

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mctiller (69)in #steem • 8 years ago

This is great thank you. So just to be clear on a few of things:

This first payment (coming in just a few hours) will be based on the 50% split.
After the 4th, there will be daily payments. As long as I am creating or curating and recieving votes.
If the price of Steem stays the same over a week, I will receive a 1 for 1 conversion to $ US.

Am I correct on those?

Thanks for the great work.

8 years ago in #steem by mctiller (69)

$0.00

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riensen (59) 8 years ago (edited)

Thanks @mctiller,
I hope this answers your questions:

As far as I understand yes. To me it seems that the first payment is based upon the 50 : 50 split, while the all following payments 7 July and forward are 75 : 25.
Yes post 7. July you are paid daily for your content and votes.
It depends on the type of conversion:
- internal market: The price of steem does not matter. Assuming that the internal market is fair than you will be able to trade immediately 1:1 -- Steem Dollars / USD.
- blockchain conversion: Here you have to wait 7 days and you are right only if the price stays the same you will get a 1:1 conversion.

$0.00

mctiller (69) 8 years ago

Thanks. That does help.
Now I just need a tutorial on how to use the internal market. :)

$0.00

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