The Steer token is mined by node operators which execute apps. These rewards are split between the first fifty nodes to report app results to the keeper nodes which match consensus.
How is the Steer reward calculated?
Let's say an app A is run and receives 75 total votes. 15 votes are not within consensus and so they are discarded, leaving 60 remaining. The first 50 will all receive equal amounts based on that app’s current execution reward.
The reward rate is subject to change. Follow us on discord to stay updated.