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RE: Common SteemIt mistakes and misconceptions
So the reward pool is decreasing each day but why the reward is getting lower that has been assigned 4 days ago. Like $16 has been reduced to $12 and keep getting lower with every hour. Why is that?
As the article explains, it's because the price of STEEM is dropping.
Yes but it has not dropped more than 20% and now stable but it is still going down.
Lets say if the steem value increase 100% in next month (example only) . Then reward and voting power will increase? As my voting value decresed from $0.10 to $0.07 now
The rewards will change based on the STEEM price, so yes :)
There are other factors though, so if STEEM drops 20%, it doesn't mean your rewards will drop by exactly 20%.
Thanks mate with explanation
This comment has received a 0.13 % upvote from @booster thanks to: @cryptokraze.
This comment has received a 0.13 % upvote from @booster thanks to: @cryptokraze.