Oh I am excited to get involved. I have payouts coming up that I can convert to steem to do so. What a great Idea and building on the vision for this place. yesss!!!!!!
You are viewing a single comment's thread from:
Oh I am excited to get involved. I have payouts coming up that I can convert to steem to do so. What a great Idea and building on the vision for this place. yesss!!!!!!
Awesome! Thanks for your support. We look forward to your participation.
argh... But I didn't follow the directions right on how to convert sbd into STEEM. Now it's locked in savings for three days. Oh this learning curve!!! I'll see you in three days I guess 😜
Here is a guide. I hope this helps:
https://steemit.com/steem/@josephsavage/your-steemit-market-a-guide-to-trading-between-sbd-and-steem
Thank you @josephsavage i figured it out and have made my transfer.
Awesome! I'm working on that batch now, so you will receive your confirmation soon.
I saw the list of people with shares on one of your other posts and wondered: firstly, do I just send 1STEEM per share? And secondly do I have to sponsor someone every share? And I really didn't understand the pools and how one ends up in either... Is there somewhere that explains it further?
Each time you send 1 STEEM to sponsor, it will provide 1 share for you and one for somebody else. Every share comes from sponsoring or being sponsored. You can get also get bonus shares by delegation to @steembasicincome (1 share for each 25 SP delegated).
Every share gets the same amount of weekly voting weight. That weight is divided by each member's posting frequency to determine what upvote that member should receive. Upvotes are rounded to the closes whole % (no decimals). If a member's voting weight per post drops below 0.5% in pool 1, they are moved to pool 2, where their voting weight will be higher as it has fewer shares.
Pool 1 has slightly higher effective SP per share, so there is some encouragement to keep your voting weight growing and stay in pool 1 instead of dropping into pool 2.
Ultimately the effective SP per share will reach an equilibrium in both pools and then start growing again.
We will launch a third pool when there are enough members in pool 2 with below 0.5% voting weight to justify a splitting them off into a third pool.
I hope this clarifies things for you sufficiently.