Before we proceed on the rewards re-distribution report, we would like to quickly mention in this post that we already sent the first two batches of the TPU tokens to 6 accounts. Below is a screenshot of the transaction that was performed through the Steem Engine wallet. Take note, these transactions will not appear to your steem account or any other interface aside from the Steem Engine interface.
As far as I know, there are few ways to view the tokens that you received through Steem Engine. First is through Keychain, it's a web extension app developed by @yabapmatt & the second option is to go to the Steem Engine website and sign-in your steem account, you may check on your "Wallet" to view every tokens that you currently own.
TPU is a token created by @tipu, it offers flexibility of use depending on your choice: sell to Steem engine market, purchase Tipu vote, or simply hold to receive a daily profit sharing from @tipu. There is a more detailed explanation about it from this post:
@tipu/announcing-tpu-tipu-tokens-sharing-profit-tokens-backed-by-steem-power
Now, for the agenda of this post, as mentioned in the previous update with regards to the SBI rewards redistribution, we have started the upvoting process and was able to distribute about 0.909783 steem which is the total of the 15 upvotes that was delivered to 15 different accounts. Which is expected since we set the cut-off time of the report to be 00:00 EST.
Please note that we allowed 7% margin on the calculation of the steem equivalent of the upvotes. This is to ensure that the recipient will receive more than the intended amount of rewards. As we mentioned to the earlier posts, it will serve as an additional incentive to the recipients of the re-distribution of SBI shares.
On the coming days, we expect to accumulate a substantial value otherwise, we will customize the voting weight to deliver a higher amount to the recipients who has the higher share on the re-distribution.
As mentioned on the announcement post, the initial vote weight allotted for this redistribution will be 10% upvote weight. If all of the recipients will post on the same day, we will be distributing 460% of our voting power.
Since we have allotted the fixed total amount for each day, it is preferred that the recipients will be able to post at least once a day to speed-up the distribution. In cases that most of the recipients are unable to post each day, we customized the voting weight that will be delivered to the active recipients and set a higher upvote weight to assign a higher percentage to the ones who have the higher share. In this manner, we will be able to distribute the rewards to even out the differences of shares as we go along the process.
As we closely monitor the distribution process, we aim that we will be able to allocate the resources in such a way that all recipients will be receiving the rewards to the soonest possible time.
Have a great day everyone!
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