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RE: IS STEEMIT GIVING OUT 105.949 STEEM TO NEWBIES?

in #steemit7 years ago (edited)

Hiya my friend :)

As I understand this, as of hardfork 18 new accounts only get about 10 steempower so Steemit, Inc. uses some of their many accounts to delegate Steem Power so these new accounts can have some influence from the start.

Account creation fee is set by the witnesses and that creation fee is what new accounts have when they are created. When I joined it was 10 steem. Not long ago it was 50 steem.

This is adjusted based on the market price of steem but in order to combat abuse new accounts now start with a very low amount of steem and have steem delegated to them via an official Steemit, Inc account.

This allows them to have a completely usable account while it also prevents them from simply cashing out and damaging the community.

Hope that helps...

Follow @steemitblog for official info from Steemit, Inc.

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