We recently released a major upgrade for the UI and now, we're enabling new features for Gems that we're excited to tell you about.
Staking & Proof of Brain
With staking & scotbot enabled, Gems are now rewarded for authors and curators 7 days after the creation of a post just like regular STEEM rewards. Similar to STEEM Power, VIMM Power is acquired by staking Gems (VIMM) and will allow you to earn more on curation rewards and increase your influence over Gem (VIMM) payouts.
Author vs Curation Rewards
To strike a good balance between rewarding streamers and having an incentive for organic curation, we are going with a 70/30 (author/curation) split on Gem (VIMM) rewards.
1 Gem (VIMM) is added to the reward pool every 1024 blocks (roughly 3072 seconds).
For a post to be eligible to receive Gems (VIMM), it needs to have the vimmtv tag and receive upvotes from users with VIMM Power (staked VIMM).
Like any SE tokens, Gems can be traded on the decentralized exchange at any time.
We will be accepting Gems (VIMM) as a favored payment method for various premium features for streamers. Viewers are also able to donate their Gems, pay for perks, or stake them to increase the value of their vote.
Gems (VIMM) can be purchased directly from @vimm. Currently, they can be purchased with Steem, but we will be adding other payment methods soon. Gems (VIMM) will always be worth $1 USD when buying from @vimm. To purchase gems, send at least 1 Steem to @vimm with the memo gem_buy_op.