Steem Basic Income
Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.
Pool 1 accounts voted
We first posted our distribution chart three weeks ago, and here we go again! The labeling is poor, and 493 votes means 493 accounts that received votes. There are a number of inactives in Pool 1 , or it would actually be 500. We are moving inactive members down into Pool 2 after 30 days of inactivity (down from 60 to help us better manage our voting power). The actual number of votes is much higher!
img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7
Last week we had a 9.5% self-vote, which is now in line with expectations.
Pool 2 accounts voted
And the same for pool 2 upvotes (pool 2 upvotes come from @sbi2!)
img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7
As expected, the voting weight that went to @steembasicincome went down below 10%. There was an unexpected surge that went to a hyperactive member. The should have been paused until we were able to get pool 3 started. In the future, we will start pausing the first few members of pool 3 that see their upvote weight drop below 0.50 per post until there there are enough to start pool 4.
Pool 3 accounts voted
And the same for pool 3 upvotes (pool 3upvotes come from @sbi3!)
img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi3&days=7
User @sneakyninja continues to have a significant portion of shares in each pool. @dynamicrypto also had a significant amount in pools 2 and 3, until we were able to rebalance into pools 1 & 2. The voting weight shown is in line with expectations, as pool 3 has many inactives and only a few members with multiple shares.
Delegation Bonus Shares
Existing members can receive bonus shares by delegation. For every 25 SP delegated to @steembasicincome, members will receive 1 bonus share. Currently each share receives a weekly voting weight of roughly 3.52% in pool 1 or 15.59% in pool 2.
These bonus shares are counted before the bonus from upvoting @steembasicincome. So if you have 1 share, received 4 bonus shares from delegation of 100 SP, and then upvoted @steembasicincome regularly, you could potentially receive upvote weight equivalent to 10 shares instead of only 1!
Any Steemian that is already enrolled in @steembasicincome can delegate as much as they would like, to receive bonus shares. The approximate APR for this delegation is now 26%. That's a 26% annual return to boost everybody's basic income. I don't think it gets much better than that!
Here are some Handy Delegation links:
Enrollment
Sounds intriguing... How do I sign up?
Send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the comments. You and the person you sponsor will each receive 1 share in the program.
Questions?
We broke down the mechanics for how the program works in the complete overview. If you have any questions, ask away in the comments section, or reach out to us on our discord. https://discord.gg/fpSnkFM
I'm new to steemit if anyone would like to sponsor me and give me a few tips would be great
Join my curation trail & I will sponsor 1 share, the trail will get you around 10 payouts daily if set up correctly on steemauto. Go watch my dtube video i just posted
I have set up and joined you trail thanks for the sponsor
did i get a sponsor
Is there a some kind of "idiot's guide" to this? All I understood is that this thing focuses on automatic upvotes and that's it.
We're still working on an FAQ. You enroll for 1 STEEM and sponsor somebody else in when you do. Both of you get continual upvotes on your posts, from one of our associated accounts. You can boost the value you receive by regularly upvoting @steembasicincome, or through delegating to @steembasicincome.
That's the basics, the rest is complicated math (:
This is an awesome idea! Any chance I can get a sponsor I’m a little low on SBD... I hate to ask, but I want to be a part of this social experiment.
Join my curation trail & I will sponsor 1 share, the trail will get you about 10 payouts daily if set up correctly on steemauto. Go watch my dtube video i just posted!
I’ll need to do some research I don’t know what a curation trail is?
On Steam Auto a curation trail is what you can create for people to follow your votes so if I ever vote 10 articles and you're in my curation trail you upvote them as well. I aim to up vote articles that are paid yet have low steam power authors and up voters. I am also timed to vote at 15 minutes to maximize the curation which is our payout.
All set! I’m excited to see how it works. Thanks for the 1SBD donation to the steembasicincome project.
@dynamicgreentk just enrolled you with 1 share! Look for upvotes soon! ( make sure your autosteem settings are between 70-80% to vote or you will miss much curation)
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Hi @steembasicincome,
I have still not started getting votes from either of your accounts, I have around 8 Shares. I saw the google doc and it was confirmed that I have 8 Shares. But did not receive any votes. Please look into this.
Thank You
Thanks for letting me know. I reviewed and while you were in the sheet you had not been configured in @steemvoter yet. This has been remedied and you should start seeing upvotes from pool 1 (@steembasicincome).
I'm still new, but got an unexpected bump from @curie for an article of mine a few days ago. I plan on spreading the good cheer by using some of the reward to sponsor someone. I have my eye on a few other new authors whose content I like. Ideally, I'd like to sponsor someone who doesn't already have any shares. What's the best way to check that?
Congrats on that @curie vote! I never got one, but my wife did. It's a pretty good boost!
We linked to our full list in this post, which contains an explanation of how to make sense of it:
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-membership-update-pulling-back-the-screen
That's exactly what I was hoping for, thanks!
I find that there are a few contests offering shares as prizes. This is a great idea for a prize. Congrats on this endeavor. 😎
We kicked it off with a contest offering shares as prizes, and we're really pleased to see so many members continuing in that tradition!
excellent work once again jsavage, how you keep this all straight is an absolute marvel. I am hosting a weekly contest that is most likely ongoing to get at least one newbie a membership to SBI. If you would re-steem this https://steemit.com/earthnation/@cryptkeeper17/1-free-membership-to-steembasicincome-contest-free-entry-links-to-other-contests-as-well-check-them-out I would be greatly appreciate it! Thanks again, keep up the amazing work on all fronts sir!
Thanks for the information given. I want to ask.
When some has already registered, is there any way of getting more shares aside from registering others?
Yes, there are ways you can get more shares, one of them is to participate in contests that offer @steembasicincome shares as the reward. @sneakyninja runs a contest where people get shares in reward. I have recently started a contest for a logo design, where you can win 3 @steembasicincome shares in reward. We may increase them if more people turn up.
Here is the link to my contest post: @induswhale Logo Design Contest
Thanks, @cryptogecko. We resteemed your contest post.
Thank you @steembasicincome
Thanks. Am not good in design. My own field is writing
Delegating SP and upvoting the posts of steembasicincome. you can actually read that in the article you are commenting on right now.
Thanks for the reply
Just sponsor my username and i will sponsor some shares in your name!
Will that be profitable?
If we both buy yes, say you sponsor me 5 shares i sponsor you 5, we both get 10 for 5
And yes the Investments here pay themselves back very fast less than 6 months
I wish i had the cash to do that but i don't. Still seeking cash to settle some of my bills in school
Maybe in a day or 2 i can sponsor a share anyway
How to get to pool 2 and above?
We slot people into the pool that is the best for their share level and posting frequency. If you increase your shares, there is a better chance of being moved to pool 2 or pool 1.
This looks like it might be quite a clever idea.
#thealliance
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