Than the income is 0.005520.75=19.5 cents/year, I suppose.
People pay 0.5 SBD for 0.005 Steem vote value per week?
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Than the income is 0.005520.75=19.5 cents/year, I suppose.
People pay 0.5 SBD for 0.005 Steem vote value per week?
It's actually 0.5 STEEM (not SBD)... so a little cheaper... but yeah... that's essentially it.
Well, to be 100% correct. The price is 1 STEEM and then you nominate someone else to get the same (i.e. buy-in = 0.5 STEEM x 2)