Steemit to Fund a Worker Proposal System Built by Blocktrades Team

Steemit, which is a decentralized app on the Steem blockchain, announced it will provide the funding for Blocktrades to build a Steem Proposal System. The Steem Proposal System will be similar to that of Bitshares, which allocates funds stored in a reserve pool. Steemit will provide $55,000 worth of STEEM tokens in monthly payments to Blocktrades. The project is expected to take two months to complete and involves a hardfork. Proposal funding is expected to come from an “author rewards pool...especially as a lot of author rewards now go to software development posts that would be able to receive funding more efficiently through a worker proposal,” according to the announcement. Steemit plans to slash the inflation paid to author rewards by 11% to 41% and redirect the difference to fund worker proposals.

Info source: steemit.com
More read: https://steemit.com/blocktrades/@blocktrades/blocktrades-beginning-development-of-steem-proposal-system
Image source: cryptopotato.com

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