BOI- Monthly Curation Reward Update & Distribution of Delegator's Reward for Sept' 2021

in Best of India3 years ago

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Since the announcement of the Best of India community, we invited delegations from the newcomers as well as from those who seek DeFi opportunities through delegations.

In the month of Sept' 2021, the total number of delegators stands at 73, with a total effective SP- 77502.

Best of India distributes 100% curation reward (both STEEM & TRX) to its delegators.

So before going into the details of the Delegators' reward, we would like to express our gratitude to all the delegators on behalf of the BOI community for helping us to build this community. We would also like to express our gratitude to @starlord28 for automating the "Effective Average Delegation", this development has made us more scalable.

Total Curation SP generated by BOI in the month of Sept' 2021

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List of Delegators, Effective Average Delegated SP, Delegator Reward, APR

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Effective Average Delegated SP

Example,

Let's say the delegated SP by a user at the start of the month (1st Sept) is 0 SP, he delegated 200 SP on 5th Sept(Cumulative 200 SP), he delegated another 700 SP on 19th Sept(Cumulative 900 SP).

So 200 SP remains in curation effect for 26 days, 700 SP remains in curation effect for 12 days in the month of Sept' 2021.

=> Effective Average Delegated SP for that user in BOI in Sept' 2021= [(200 * 26)+(900 * 12)]/30
= 533.33 SP

Please note that the @bestofindia account has its own SP as well. It also generates the author's reward from time to time through various contest announcements, updates, etc. So the effective monthly weightage of SP for the @bestofindia account is also taken into account for this calculation.

The total curation reward generated in the month of Sept'2021 is 841.957 SP.

So, after calculating the Effective Average Delegated SP for each delegator, we calculated the percentage share for each of them out of the total curation reward generated, and finally, we obtained the curation reward earned by the individual Delegators through the BOI community.

Based on Sept 2021 curation reward, the projected APR stands at 13.03%. In the previous month, it was 17.99%. We always try our best to maintain good curation efficiency, but our objective is primarily focused on helping the newcomers, curating them, guiding them, ultimately building the community. Keeping that objective intact, we also strategize the use of SP to make the curation efficient & competitive.

Please note that if we take TRX rewards into account, the projected APR will further rise by 4.4% approx.

Distribution of Delegator Reward for Sept'2021(Status)

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We have already distributed the delegator rewards(in STEEM) to the respective delegators(Green) as per the above sheet. TRX rewards distribution to follow shortly. We will distribute the remaining on or before 07th Nov'2021.

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(We used Steemyy tool to distribute Delegator Reward)

That's all. Thank you again for delegating to the BOI community, we will continue working hard to build this community.

Steem on.


For any questions, clarifications, etc, please join the comment section.


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Cc:-
@steemitblog
@steemcurator01
@steemcurator02


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Unless otherwise stated, all the images, infographics, charts, tables, etc(if any) are the original works of @bestofindia.

Sort:  

Hello sir, I want to delegate my SP. How can I delegate to @bestofindia.

Please, give direction.

Hi, how much SP you'd like to delegate I'll create a direct link for your delagations? Thank you.

Greetings @bestofindia,

I want to delegate my SP to this community.
Please let me know how can I do that.

Thank you
@Winy

Hi, how much SP you'd like to delegate I'll create a direct link for your delagations? Thank you.

I have sent you dm in discord, please check it : )

I want to delegate 90% of my SP. It is not much but I will keep powering up till I reach 1000 SP.

That's the way to go! Steem on!

Dear sir @rishabh99946, I think there is correction needed in effective SP delegation of my ID @priteshboss.
I am delegating more SP than this.

Please check and correct it if needed.

Thanks

Here in BOI we believe in the fair distribution of rewards to every delegator. So, if someone delegates 5000 SP to bestofindia, on the last day of the month, we would not consider that to be an average delegation of 5000SP. This is because this 5000SP was not responsible for the curation rewards throughout the month.

The way effective SP of the user is calculated is we take the average of overall delegation made by a user throughout a particular month.

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In your case, your effective delegation to BOI was 10SP for the first 7 days of September. So, the rewards for the first 7 days would be only for the 10 SP and not the 220 SP that you delegated during the last few days of the month.

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We have automated the process of calculation of effective delegation average during the month. You can check your average delegation by heading over to https://www.steemcryptic.me/delegationaverage and entering bestofindia in the account name and the date period to calculate the average SP.

I hope I answered your query. Thank you for delegation to @bestofindia

Steem on!

As per IST when 24 hours time reset for "Check Monthly Steem Income".

Dear best of india, mistake i expired my delegation amount of 505 SP.

Please explain what is expiring.

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How can I fix it.

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