FREE Steem Basic Income Giveaway! Easy Contest (Details inside)!
How to Enter
I'm giving away some FREE Steem Basic Income Shares.
All you have to do to be entered into the drawing is:
- Upvote this post.
- Resteem this post.
- Leave a comment and let me know why you should win some free SBI.
That's all! Good luck!
What is Steem Basic Income?
Steem Basic Income (SBI) is structured as a subscription upvote service that utilizes the Steem blockchain to deliver a sustainable basic income. The ‘basic income’ that SBI provides is voluntary and self/crowdfunded, using Steem’s unique stake-based reward mechanisms. It serves as a continuous base of support.
On Steem, regular votes attract more votes. A 1 STEEM transfer sent to the @steembasicincome account will start an account in Steem Basic Income, while a $20 subscription is a great way to really boost an account’s growth - as long as that Steemian’s quality remains good.
How does it work?
A pending vote value is tracked for every enrolled account. Every 2.4 hours, we increase the pending upvote value based on several factors. Upvote value grows based on subscription level (how many SBI ‘units’ you have stacked up), bonuses from delegation, upvoting rewards, new member bonuses, and other potential airdrops and rewarded mgmt bonus units.
Each time an enrolled account posts, we check whether the account has accumulated enough pending vote value to support an upvote. It takes a pending balance of $0.06 to deliver our minimum upvote of $0.012, but we start every new member with enough to receive their first upvote right away. After your first upvote, the time until your next upvote depends on how long it takes to ‘recharge’ the pending vote value that was already delivered and bring your pending value above $0.06 again. (See Value Balances and Upvote Delivery for more detail).