How does this equation works? Is 4.125 a static figure?
$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50
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How does this equation works? Is 4.125 a static figure?
$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50
The formula goes like this:
$11 split into 75% | 25% (Author, Curator)
= $ 8.25
$8.25 split into 50% | 50% (SBD, SP)
= $4.125
Then SBD to USD (Using 1:11 SBD to USD)
$4.125 * 11 = USD 45.375
Then USD to RM (Using 1:4 USD to RM)
USD 45.375 * 4
= RM 181.5
That's a pretty detailed explanation @superoo7! Way to go!
Thanks. That's good to know.