Steem Basic Income - Powering Up!
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.
Powering Up
Effective immediately, we will only be spending half of each enrollment on delegation and using the other half to power up. This will be great for long-term @steembasicincome!
We had a great conversation with @dakotakaiser from @earthnation today, and came up with some ideas to keep the program growing and improving into a sustainable, substantial, basic income. We'll make a full announcement in a few weeks after we've hammered out the final details.
Network Votes Graph
For today's infographic, check out our network votes graph:
You can see your own on Steem Reports: http://www.steemreports.com/votes-graph-enhanced/?accounts=steembasicincome
Since all of our members sponsor other Steemians when they join the program, there is a lot of cooperation and interconnection between all the different user. We love to see so much cooperation happening on Steem!
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 7.91%
These bonus shares will be counted before the bonus shares 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 27%. That's a 27% annual return to boost everybody's basic income. I don't think it gets much better than that!
Here are some Handy Delegation links:
| 100 | 200 | 300 | 400 | 500 |
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 extended introduction, and we hope to provide an updated overview soon. If you have any questions, ask away in the comments section!
Enjoy this Boost from the EN Guild @steembasicincome. 33 votes incoming.
You ROCK @steembasicincome. We gave you our maximum $0.55 upvote!
Greetings! I am a minnow exclusive bot that gives a 5X upvote!
I recommend this amazing guide on how to be a steemit rockstar!
I was made by @EarthNation to make Steemit easier and more rewarding for minnows.
What a great idea @steembasicincome. I love the literal "putting your money where your mouth is" investing in the long haul. I would imagine it was not hard to convince many people to so. Great news @steembasicincome! UPVOTE
So if I enrol now, I and my friend gets 1 share each, right?
So, we both we'll be getting 1 upvote per week from @steembasicincome at 7% power?
Or is it daily?
You and your friend would each get 1 share. The total weekly upvote power is distributed based on number of shares. From there, it is distributed evenly to all your posts. You and your friend would receive different upvote values based on how frequently you post, but the weekly amount each of you receive would be close to the same. (Unless one of you upvotes @steembasicincome regularly and gets bonus.)
Oh okay, thanks for explaining.
So, we can get a bonus if we upvote the
@steembasicincome account's posts?
That's pretty cool.
Yes, it helps to fuel the long-term sustainability of the program. You only get the bonus if you are enrolled as a member, but we look back at 28 days of upvotes. So you can start upvoting while you save up to enroll, and once you register your previous upvotes will help you right away.
Looking forward to getting involved in this.
Thanks for your support!
Aweseome. Happy to see this graph. Thank you. Will add some extra sponsors soon.
Cool, thanks for your support!
FYI, I noticed your votes are going on @simplemoney. If you check they are getting downvoted by some whale with no comment or reason behind it. For that, your votes from the pool in addition to the 50 + that pool in are being wasted. Might want to check on accounts like this that get targetted and downvoted consistently.
Thanks; we will review the account and determine if they should be cut.
I can see clearly the freewrite universe in the graph.. a good chunk of this project comes from us freewriters did you notice? 😉
Yes, that is very true.
Hello ! How much time does it take to receive a share since the sending of the steem... ?^_^
The @steemsql database we used to support some of our back-end functions moved from a free to a subscription model. Since the monthly rate is too expensive for our current size, we are exploring alternatives. We will catch up on enrollments as soon as possible.
So how do I get someone to sponsor me into the program, sorry if I appear a little on the slow side still learning and discovering all this steem steemit stuff. But reccon that I'll get the hang of it.
You don’t have to wait to be sponsored. You can enroll yourself. This is how: send 1 steem to @basicincome. You do this by transferring steem to @basicincome. Go to your wallet, push on steem, it says transfer. If you don’t have steem, but only some steempower. You first power down. The steempower gets transferred to steem, then you can transfer it, as discribed above. You can nominate somebody, and actually sponsor another person.
Thanks for the info, but working on building my steem power, so every bit of steem I earn I turn into steem power at least for the first 3 months.
Totally understandable! You do what works for you.
Thanks, for the help, @hefziba. Please send to @steembasicincome, though! We don't know who has the @basicincome account, but they were here first so we couldn't snag it!
And please don't power down to join! Powering down has an immediate negative impact on your voting power, and it takes 13 weeks to fully deliver the amount you power down.
It's better to enter contests on #contests and try to land some SBD rewards, then sell the SBD in the market. Here's a guide: https://steemit.com/steem/@josephsavage/your-steemit-market-a-guide-to-trading-between-sbd-and-steem
oh sh*t.thanks for catching my mistake
No worries!