How much do the Country Representatives earn per month in Steem Blockchain?
A general user in Steem Blockchain earns in three ways: Author Reward, Curation Reward, Interest Rate for holding SP.
Author Reward & Curation Reward comes under Proof-of-Brain(which is 65% of the reward pool), Interest Rate comes under the pool of Vested Token Holders(which is 15% of the reward pool).
If you are a witness you can also earn witness rewards which is 10% of the reward pool. The remaining 10% of the total reward pool is for SPS/Steem DAO.
In the existing framework of Steem Blockchain, the main focus is on 3R's- Recruitment, Reward, Retention. Therefore, the Country Representatives are pivotal to the existing framework and they are really doing a nice job in strengthening 3R's.
Then let's see how much the Country representatives earn per month. This analysis could be a motivation for the others to become a CR and in the pursuit of that, we could see healthy engagement and competition which is a win-win case for everyone in this ecosystem.
Although this figure could vary from one month to the other, let's analyze and take look on the previous month's (August 2020) earning of the Country Representatives. The rewards in Steem Blockchain is SP & SBD. I have also projected the equivalent figure in USD for general understanding of readers.
In the month of Aug 2020, the average price of STEEM was 0.23 USD. So in projecting the equivalent USD figure I have taken 0.23 USD per STEEM.
As stated earlier, a general user has three streams of earning in Steem Blockchain- Author Reward, Curation Reward, Interest Rate.
Author Reward of Country Representatives
Author Reward is basically either in SP(if selected 100% powered up) or in SP & SBD(if selected 50/50 option).
Although the actual realization of author reward is in SP & SBD, I have taken an equivalent figure in USD, so that it would give a better clarity for the general readers.
This figure includes all the rewards earned from posts and comments during the month of Aug 2020.
Curation Reward of Country Representatives
Curation Reward is always in SP. Do note that all the Country Representatives get 5000 SP as delegation from Steemit Team. So alongside their own SP, they earn better curation rewards.
I have also projected the equivalent USD figure for better clarity of the general readers.
Please note that the curation reward earned depends upon the SP that you have, so more SP, more influence power, hence better curation reward.
Interest Rate earned by Country Representatives for holding SP
All the vested token holders(SP holders) earn interest rates for holding their SP. The current interest rate stands at 4.28% approximately. However, this figure is a very dynamic nature.
This projection is approximate. However monthly interest rate is so small(~0.36%) that, this approximation does not impact any big change to the overall earning fo the user.
The realization of interest rate is in SP, I have also given the figures in USD equivalent for the general understanding of the readers.
In terms of the interest rate earned by holding SP, it's again @cryptokannon who tops the table with $12.68 rewards, followed by @anroja with $10.75 rewards at 2nd place & @kiwiscanfly with $6.43 rewards at 3rd place.
Again if you have more SP, you can earn better interest by holding SP.
Total Rewards earned by Country representatives in the month of Aug 2020
The total rewards earned by the CR's somewhat look like this in terms of USD equivalent.
Although some of the top CRs are really earning lucrative rewards, the overall picture of this projection does not look skew which is a good sign. And the average figure stands at $264.53.
Do remember that this earning is quite valuable even if the average figure of $264 is considered, it's a potential 3X to 5X(not financial advice) case from here on. Because STEEM from here has more probability to correct higher than going lower. Because from the last two years in the bear cycle STEEM has lost most of its value and also stood the test of a tough time in 2020. So just imagine the same average projection of $264(if a 5X value in the next bull run) will become $1320, or more.
As #the1000daysofsteem is in the starting phase we may not be able to appropriately project a consistent average figure month by month at this moment. However, as we progress, we might get more clarity on this.
Notwithstanding the fluctuating crypto market, which at times induce uncertainty(equally creates opportunity), the current framework of appointing CRs and expanding its base by Steemit Team is a potential full-time job for many. Not to mention, we are still in the pandemic, the average earning of $264 by CRs in today's reality seems very reasonable.
Cc to all the CR's:-
Ghana (@oppongk), Nigeria (@beautychicks, @focusnow), Uganda (@yohan2on), Venezuela (@anasuleidy, @mariita52, @tocho2, @edlili24), Bangladesh (@tarpan, @toufiq777), India (@rishabh99946, @neerajkr03), Indonesia (@anroja, @ernaerningsih, @radjasalman), Japan (@cryptokannon), Pakistan (@rashid001), Sri Lanka (@randulakoralage, @besticofinder), Ukraine (@alexmove, @olesia, @antorv) and New Zealand (@kiwiscanfly), Russia (@knopka145), Argentina (@fendit, @belenguerra), Cameroon (@njiatanga),