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It's the price paid "by the blockchain" for a newly created account, when the account is NOT created using Resource Credits. RC were added in HF20 as a measure to lower the pressure on the STEEM spending on new account creations. This fee is also correlated with the RC.

Thanks for the reply. Yes I have been following the this new update and read few articles on it. Tried creating account with a script but couldn't succeed cuz of low RC.
So you provide some interface to claim new accounts?

Not at the moment, but this may change.

Thanks, I'll be following!

kept the registration fee at 3 STEEM

Are you selling steemit.com accounts??

Nope. It's a witness prop that is set up by all witnesses.

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