What do these numbers mean? @gerber helped me understand a breakdown of the more esoteric post by @holger32 on ScotBot https://steemit.com/steem-engine/@holger80/scotbot-parameter-manual
Basically you are controlling a couple numbers that determine how much inflation happens. So basically if SAND has a max supply of 10 Million and started out with a circulating / total supply around 4 Million then there is a remaining 6 Million for the reward pool. It's distribution is what your playing with, and Ive even added a reduction percentage to reduce the new supply as time goes on to create incentive to get involved now rather than later and for other reasons. Other scotbot settings are not shown here but i will go over them later for anyone wanting to better understand ScotBot and how tribe tokens work. This also teaches you how STEEM itself works which is very esoteric to many. If more people understood how steem worked, including its new owners, we could have a much higher steem price :) I hope to help distribute SAND locally so I will different challenges! I hope to hear from you all about how else I can distribute besides my plan to use twitter tip bot tipit which has SAND.
Max supply is 10 Million on both Steem and EOS. Rewards_token and rewards_token_every_n_block basically allows you to specify your rewards in relation to steem... in relation to every steem block which is produced every 3 seconds. Do the math up as is shown in the image, and
If youd like to learn more come to the telegram https://t.me/sandiegocoin
You can get tipped SAND on the telegram or discord https://discord.steemsandiego.com
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