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

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 June' 2021, the total number of delegators stands at 48, with a total effective SP- 54923.

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.

Here is the list of the Delegators, SP, date of Delegation.

Please note that for those who keep on adding delegation more than once, the figures given in this table are to be read as cumulative delegated SP. Similarly, those who have removed delegations(partially or all) have been indicated as (-) & (0).

As different delegators have delegated on different dates, we have calculated the Effective Monthly Weightage of SP for each delegator.

Effective Monthly weightage of SP-Delegated

From the above table consider the case of @birjudanak,

The delegation by @birjudanak at the start of the month (1st June) was 0 SP, he delegated 200 SP on 5th June(Cumulative 200 SP), he delegated another 802 SP on 19th June(Cumulative 1002 SP).

So 200 SP remains in curation effect for 26 days, 802 SP remains in curation effect for 12 days in the month of June' 2021.

=> Effective Monthly Weightage of SP-Delegated by @birjudanak to BOI in June' 2021= [(200 * 26)+(802 * 12)]/30
= 494.13 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 June'2021 is 665.023 SP.

So after calculating the Effective Monthly weightage of 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 June' 2021 curation reward, the projected APR stands at 14.53%. In the previous month, it was 19.10%. 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.

We have already distributed the delegator rewards(in STEEM) to the respective delegators. TRX rewards distribution to follow shortly.

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

Steem on.

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Cc:-
@steemitblog
@steemcurator01
@steemcurator02

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