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RE: Steem Basic Income FAQ Contest - 500 SBI in Prizes
In summary, the new refund framework states:
the new refund framework will keep enrolled units at a 2 STEEM potential value, but will grant a 0.50 STEEM potential to all sponsored units. In effect the total potential ROI under this framework is 250% for each 1 STEEM enrolllment. Refunds would be delivered through an accelerated upvote schedule
You can find more about the refund policy here.
You mean sell your units back to @steembasicincome? I guess I am not clear with this second question.
Rating 6
A great attempt to summarize this stuff. This category isn't the easiest of the bunch.
Accurate. It's okay to be confused by the second question. The answer is no, because units represent a subscription level. Would you call a magazine and ask them to by back your subscription? It would be a ridiculous question.
The question comes from some members getting confused and thinking our shares are an unregistered security instead of a subscription (which would be something you could own and sell back). This is why we are moving toward saying 'units' or 'SBI levels' instead of 'shares', but every term is awkward in it's own unique way.
Response accepted as a qualifying submission.
Don't forget you can also earn points by scoring the clarity and helpfulness of other qualifying responses.
I rate this response as 6. The refund policy is tricky to understand but the citation was necessary.
Rating 6 - provides both a summary and the link to a very complex question.
Rating 6, small summery and link to more information