if you are one of our delegators please make sure you read this ENTIRE post.

Major updates to our delegation payouts. The rates or payouts are not changing / just making them more automated. I will not be changing anything until I have a working code / and I know it is 100 percent functional in ever aspect. so dont start canceling your delegations in a panic you will love this.

Long story short - steemegg token will be paid to all delegations -> that being said steemegg token will operate exactly like steemp -> you can withdraw these tokens by sending them to a specific account, and it will just return steem exactly equal to the ammount of tokens you send it. Those who want to participate in the increased profit for token holders we have now, can simply stake their tokens.

again this is not to screw anyone over, just so that it can be done automatically without you guys having to wait around for me to do the math.

Okay here it is.

I am starting up a new job on Tuesday, So I wont be as available to make the payouts and such so I am working on some smart contracts on steem engine to simplify this situation. there are three parts to the payout system so please be sure to review them all.

Pegged to Steem

I have found the smart contract for the SteemP token on steemengine, so I will be modifying code to act as an automatic swap to steem. This is the foundation of this update.

30% basepay

As we have been doing this whole time you will be getting a flat 30% based on your delegation.

If you delegate 1000 SteemPower, Your basepay will earn you 300 Steem per year. that number divided by 365 will give you your daily basepay payment.

Staking

Those who stake their tokens, will recieve added benefits of 35% growth rate on their tokens. As well as other various promotional events we run or other revenue streams we add further down the road. Currently our token holders recieve about 50% higher payouts on Friday saturday and sunday then then do on normal days. We give out 10% of the curation rewards for the thursday saturday and sunday to the token holders.

The idea behind the staking is, these are the people who are rolling their steem payouts over in the bot and compounding them. The people who want liquid steem have the option to do one of three things.

Send it to the automatic swap address and get the same ammount of steem back within a few minuites.

Stake the tokens to start participating in the additional income streams

keep it as liquid tokens for trading on the dex if there ever happens to be a increase in price or whatever.

Token Airdrops (to staked)

when we do things like the 10% curation rewards program above, we will be using staked token holders as the snapshot.

this means say fridays payment is getting an extra 0.8 steem split between token holders, we will take a list of staked holders on the thusday / and pay those people who were staked at that time.