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RE: Steem Basic Income - New Transaction Memo Guidelines
How much would be my income from you if I send 1 STEEM and sponsor someone random? What does 1 share mean?
How much would be my income from you if I send 1 STEEM and sponsor someone random? What does 1 share mean?
1 share is an indication of your level of subscription to the upvote service. Currently it rewards an upvote value of roughly $0.08 per week.
so it'd take roughly 1 year to earn back your subscription? Also once you sponsor, does your sponsorship remain for the rest of time, or is there a certain point at which it becomes inactive?
It remains active as long as you are active. We remove members after six months of inactivity. We may also remove members for plagiarism, but we would typically provide a refund in those circumstances. We would also reactivate a member that was deactivated after six months absence, on their request, but that has never happened yet.
1 year to earn back is not bad. That's a very high return actually. But this is only a recommended service for active steem members. Otherwise you won't earn such return.