Steem Basic Income
Steem Basic Income is a voluntaryist social experiment to bring a crowd-funded 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.
Instead of delivering only 20% of your pending upvote balance in each upvote, we are delivering up to 33% in each upvote. For comment voting, we are raising from 4% per comment to 11%.
We are pairing this with an increase in our minimum upvote values, from $0.012 to $0.02 on posts and from $0.024 to $0.04 on comments. These changes counterbalance, resulting in choppier upvote values for members that post inconsistently, but result in less value being 'lost' to bad positioning on the CLRC curve.
Members interested in more dynamic value management can opt to have any post/comment skipped by including
#sbi-skip in the tags, saving their pending upvote value for posts that they expect to perform better. This 'balance saving' will be even more impactful with the increase in % of pending value delivered on each post.
Upvotes by Voting Account
Our automated system selects the highest VP account that can deliver the upvote value each time. If the full vote cannot be delivered by a single account, the post may be upvoted by several accounts. Only the rshares value actually voted is removed from the member's pending upvote balance.
In cases where 33% of pending vote balance is greater than the 100% maximum deliverable upvote from all ten voting accounts, the unvoted amount remains in pending upvote balance until eventual upvote delivery.
For more about how upvote delivery works, please read Value Balances and Upvote Delivery.
This shows the total number of upvotes (without respect to size) delivered in the last week. 3321 total upvotes, 1565 accounts upvoted, 10 voting accounts! Over 50% of supported accounts have never sent any STEEM for enrollment. They were sponsored by other Steemians that support our vision of creating a crowd-funded voluntary basic income.
We have decided to simplify our SCOT tracking by consolidating all tokens into the new @sbi-tokens account which trails the other voting accounts. Here are the tokens currently staked on @sbi-tokens.
|PAL ( #palnet )||1428.005||75.78%|
|NEOXAG ( #neoxian )||271.576||87.12%|
|GG ( #steemace )||1482.52||88.31%|
|ZZAN ( #zzan )||63.287||89.37%|
|SPORTS ( #sportstalk )||2764.845||91.59%|
|MOT ( #mediaofficials )||3965.45||93.91%|
|LEO ( #steemleo )||927.741||94.34%|
|UFM ( #upfundme )||182.337||96.27%|
|NATRL ( #naturalproducts )||2145.698||100%|
|CCC ( #creativecoin )||597.703||100%|
|WEED ( #weedcash )||212.845||100%|
We will continue to keep tokens staked on @sbi-booster as an added incentive for members to reach the 40 unit target that we believe provides the best user experience.
To enroll in Steem Basic Income, or to increase the level of basic income that you receive, enrollment is pretty straightforward:
Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian (excluding yourself), it does not have to be a current member. Multiples of 1 STEEM are also fine (e.g. 5 STEEM with one name means 5 SBI for each of you).
Increasing your subscription level results in more frequent upvotes until you are being upvoted on every post. Then it results in larger upvotes instead.
Please check out our full transaction memo guidelines and let us know if you have any questions.
The official currency for enrollment is STEEM. We accept SBD at our discretion but you do not receive extra value or any partial refund for paying in SBD instead of STEEM. If we choose to accept an SBD enrollment, we accept the entire amount. If we choose to reject it, we refund the entire amount and request you to send STEEM instead. Enrollments are processed automatically every 144 minutes.
Questions about Steem Basic Income?
Most questions are addressed in our FAQ or in these helpful resources. If you still have questions, ask in the comments section or join us in our discord server.
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