Steem.center:STEEM Rewards - Rules

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In December 7th, 2016, Wagner Tamanaha (@wagnertamanaha) proposed an idea to reward the Steem.center participants with STEEM Tokens.[1] With Chris (@someguy123) - the creator of Steem.center)'s approval, the @steemcenterwiki account was launched in January 2017 starting generating rewards and collecting donations. Since then, wiki collaborators have received transfers according a formula that balances equal and proportional divisions following the suggested rules below.[2] On December 27th, 2017, a set of new rules updates proposal was suggested, incorporated in this wiki page already. These updates included STEEM Tokens conversions and automatic upvotes procedures.[3]

Rules

Rewarding Steem.center wiki editors with steem too

1. In order to make Steem.center the wiki about all things related to Steem we at @steemcenterwiki want to stimulate and reward the contributors by distributing on a monthly basis all the STEEM generated and collected here. To participate, follow these rules.

2. Every applicant should register their wiki user page with a Steemit @ username that will receive the STEEM transfer for any future contribution.

3. After the end of each month @steemcenterwiki will distribute 60%* of the total of STEEM in its wallet to the wiki's registered active users in the period, following this formula: 

S = Total of Steems generated and collected in @steemcenterwiki
a = Total of actions of registered wiki users listed in “Special:ActiveUsers" page
u = Total of registered monthly active wiki users
Vd = Unit of value to be transferred to all registered monthly active wiki users
Vp = Unit of value to be transferred proportionally to the number of actions each monthly active wiki users did
Vd = 60%S ÷ u
Vp = 40%S ÷ a
Each wiki registered user would receive the unit of value (Vd) plus the unit of value (Vp) multiplied by the sum of actions they did in the month

4. After the end of the month and before the distribution, @steemcenterwiki will post a list of monthly active wiki users and the values that should be transfered to each one. The listed participants should be following @steemcenterwiki at that time in order to receive the transfer.

5. A week after the post (item 4) is published, the user @steemcenterwiki start transferring STEEM to the registered Steemit usernames (item 2), except to the ones flagged in the post comments as suspicious or with fraudulent/useless actions.

6. Flags and complaints will be decided until the next distribution period by a majority of votes of a committee of 5 members: 2 who are the wiki's most active users of all time, 2 who are the wiki's most active users of the month and the wiki owner @someguy123.

7. The idea of this project was informally aproved by Steem.center wiki owner @someguy123 but is not managed or directed by him. Therefore the project can be interrupted or ceased anytime by @someguy123's request or by the project's administrators.

8. All the STEEM generated and collected by @steemcenterwiki will be distributed to the active wiki users.

9. All the Steem Power generated and collected by @steemcenterwiki will remain with the project and currently there isn't any plan to distribute it.

10. All the SBD generated and collected by @steemcenterwiki will be used to promote posts willing to attract more followers and donations to the project.

11. To be part of the project the participants must accept the rules above.

(*) The 40% of the STEEM left will be used in the next distributions and so on.

SBD to STEEM conversions

After almost one year of the project we noticed that most of rewards were received in Steem Dollar (SBD). Our rules defines that the shares would be paid in STEEM, so all the SBD collected (minus the amount to complete a saving of 6.000 SBD) will be converted into STEEM using the Internal market when appropriate. This conversion should be made in the same month the SBD reward is paid. 6.000 SDB will be left in the @steemcenterwiki wallet to be used to pay Steemvoter for premium services and its 3.000 SDB monthly fare.

Upvoting the participants

Apart from the STEEM and SBD collected and distributed, after almost one year of the project the @steemcenterwiki has accumulated a reasonable amount of STEEM Power (SP) and consequently a valuable voting power. To attract new collaborators and maintain and motivate the current ones @steemcenterwiki will automatically upvote all users who participated in the rewards distributions. Starting in 2018 the upvotes will be done as follows:

1. Voting power at 50% to all contributors of the month

2. Voting power at 20% to all contributors of the previous month

3. Voting power at 5% to anyone who contributed in the previous 6 months

The voting power of the upvotes described above will not be cumulative, when necessary, the most powerful index will be applied to the benefited user. These upvotes will be configured using Steemvoter, a third party bot service, it means that @steemcenterwiki cannot guarantee this routine if the third party service is discontinued or interrupted.

Join the project, read the Introduction post, visit Steem.center, start collaborating registering your user there or make a donation to @steemcenterwiki.

References

  1. Jump up ↑ Wiki users rewarded with Steem Written by Wagner Tamanaha (@wagnertamanaha) in Steemit in December 7th, 2016
  2. Jump up ↑ Rules Post by @steemcenterwiki on Steemit on January 1st, 2017
  3. Jump up ↑ Voluntary Month collaborators and Rules updates proposal for 2018 Post by @steemcenterwiki on Steemit on December 27th, 2017

Links

Related articles

External links



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