The Curation Project of the Burning Bid-Bot

in curation •  12 days ago

Introduction


If you have read our last post then you will probably know that the Burning Bid-Bot is not only offering 100% of its earnings to its delegators, it is also sharing the curation rewards that it earns when upvoting, this curation rewards will be used to support 5 projects that have as a focus to:

  • Increase delegators earnings to provide a greater Return On Investment (ROI)
  • Provide a stable source of income for delegators
  • Burn Steem constantly to reduce its inflation rate and encourage more investors to come
  • Curate good content and give minnows an opportunity to earn Steem and enjoy posting on the Steem Blockchain
  • Provide whales an opportunity to earn almost as much as with self-voting and support the Steem community through good content curation and Steem burning
All this things will be achieved through the following 5 projects:
  • Curation Project
  • Burning Project
  • Increased Revenue Project
  • Whale Project
  • Backup Fund Project
You have a brief explanation of each of this projects in the post mentioned before , but in the following posts we will be looking at each of these projects in a more detailed way, in today's post we will take a closer look at the Curation Project.

All 5 projects will be activated at once as soon as the @lrd Burning Bid-Bot reaches 100,000 Steem Power, here are the following percentages of curation rewards that each project will receive according to the amount of Steem Power the Burning Bid-Bot has:

Burning Bid-Bot Roadmap

Currently

  • 100% earnings go to delegators
  • 15% of Curation Rewards go to the largest delegator
  • 5% of Curation Rewards are burnt

100,000 Steem Power Milestone

  • 100% earnings go to delegators
  • 10% of Curation Rewards go to the Curation Project
  • 10% of Curation Rewards go to the Burning Project
  • 10% of Curation Rewards go to the Backup Fund Project
  • 10% of Curation Rewards go to the Increased Revenue Project
  • 5% of Curation Rewards go to the Whale Project

500,000 Steem Power Milestone

  • 100% earnings go to delegators
  • 15% of Curation Rewards go to the Curation Project
  • 15% of Curation Rewards go to the Burning Project
  • 15% of Curation Rewards go to the Increased Revenue Project
  • 10% of Curation Rewards go to the Backup Fund Project
  • 5% of Curation Rewards go to the Whale Project

1,000,000 Steem Power Milestone

  • 100% earnings go to delegators
  • 25% of Curation Rewards go to the Curation Project
  • 25% of Curation Rewards go to the Increased Revenue Project
  • 15% of Curation Rewards go to the Burning Project
  • 10% of Curation Rewards go to the Backup Fund Project
  • 5% of Curation Rewards go to the Whale Project

5,000,000 Steem Power Milestone

  • 100% earnings go to delegators
  • 25% of Curation Rewards go to the Curation Project
  • 25% of Curation Rewards go to the Burning Project
  • 25% of Curation Rewards go to the Increased Revenue Project
  • 10% of Curation Rewards go to the Backup Fund Project
  • 5% of Curation Rewards go to the Whale Project

Curation Project

The Problem

There are very few curators nowadays making it almost impossible for a minnow to receive the juicy upvote they need to keep motivated enough to not give up on Steem and keep on posting quality content which is what Steem is looking for.

The Purpose

The purpose of the Curation Project is to give the chance to minnows to get upvotes for writing quality content.

How will it be done?

The main account

All the Steem Power that the Curation Project receives through the Curation Rewards that the Burning Bid-Bot generates and are assigned to fund this project will be powered up in the main account which is @curationproject.

Curator accounts

There will be multiple accounts that will be created, this accounts will receive delegations from the main account (@curationproject), all the curation rewards that these accounts generate will be powered down and powered up into the main account (@curationproject).

Human curators

This is the most important aspect of the @curationproject, all of this accounts that will be created with delegations will be given to users that want to participate in the project (they will receive the posting key to the corresponding account), these are the following rules that this curators will have to follow:
  • Only upvote content that you consider to be good
  • You can only upvote one of your posts once a day
  • Try to be as active curating as possible
Their reward for curating good content and recognizing the hard work of writing a good post will be that they will be able to upvote one of their posts once a day.

Content regulation

Curators will also be able to flag posts which don't provide any value to the Steem Blockchain. Flags will have to be because the post is a bad one, it will not be because of the person who posted it.

What if the curator turns evil?

In the unfortunate case in which a curator that has been given one of this accounts is misusing the account by upvoting themselves or upvoting obvious non-quality posts the passwords for that account will be changed and that account will be given to other person (anyone will be able to report when a curator turns evil through our Discord).

Leveling system

If a curator is doing a great job and is being active he/she will be able to receive a higher delegation amount from the @curationproject account resulting in more earnings for them (that person is able to upvote themselves once a day) and a greater reward for the minnows that receive their upvotes, the better curator that person becomes the higher the amount of SP that will be delegated to the account that has been given to him/her.

Conclusion

The main idea for the @curationproject is to create a community of curators that cover as much tags and writing styles as possible giving minnows the opportunity to earn Steem by simply posting good content on the topic they like. Having more human curators will also encourage more people to join the platform since they will see it is possible to get rewarded for posting in Steem instead of posting on other social media.

Where will funding come from?

As soon as the @lrd Burning Bid-Bot reaches 100,000 Steem Power this project will be activated and start creating accounts to give to human curators so in order to fund this project you only need to delegate to @lrd, this is also a great investment since you will receive 100% of the earnings that your share generates and you will support other initiatives such as the Burning Project which has the aim to reduce the amount of Steem through burning: Make sure to delegate as soon as possible because we are also giving a welcome bonus of 3.5 Steem per 1000 Steem you delegate till we reach 100,000 Steem Power because we want to activate this amazing projects as soon as possible:

Delegate!!

If you want to create a custom delegation to the @lrd Burning Bid-Bot click here

10 Steem Power
20 Steem Power
50 Steem Power
100 Steem Power
200 Steem Power
500 Steem Power
1000 Steem Power
2000 Steem Power
5000 Steem Power
10000 Steem Power
20000 Steem Power
50000 Steem Power
100000 Steem Power

A list of what makes the Burning Bid-Bot unique

  • 100% earnings for delegators
  • It shares a big chunk of the curation rewards it generates
  • It has 5 projects to amplify its effectiveness: Curation Project, Burning Project, Increased Revenue Project, Backup Fund Project and Whale Project.
  • It has a welcome bonus for delegators
  • Delegators can suggest changes and if good for the bot they will be applied
  • Random lottery
  • Giveaways (currently we have a ChibiFighter giveaway)

Premium Bonuses for delegators


Welcome Bonus


If you are delegating to another Bid-Bot and are worried about delegating to the Burning Bid-Bot because you'd lose the earnings from 7 days (the amount of time it takes to undelegate) then you've come to the right place, we are currently offering a bonus in which after delegating you will receive 3.5 Steem per 1,000 Steem delegated so you have no excuses not to delegate to the @lrd Burning Bid-Bot, this bonus will only be available till we reach 100,000 Steem Power so hurry up! You can claim your Steem through Discord.

Large delegator bonus


If you delegate 5,000 Steem Power or more you will receive 1 Free Chibi Founder, there will be a total of 3 Cibis gifted so hurry up! You can claim your Chibi through Discord.

Chibifighters Giveaway


We are giving away 2 Chibi Founders of Gen 0, in order to participate you only need to delegate at least 10 SP to the @lrd Burning Bid-Bot. Winners will be announced after we reach a minimum of 20 participants (so far there are 10 participants).

Promote your post with the Burning Bid-Bot


If you want to promote your post you can do so by sending a minimum of 0.01 SBD/STEEM to @lrd with your post url in the memo.

Rules & Terms of Service

  • Bidding rounds every 2.4 hours
  • Min bid is 0.01 SBD/STEEM
  • Max ROI is 10% after curation rewards
  • Min ROI is -10% after curation rewards
  • Min Post age is 15 minutes
  • Max Post age is 3 days
  • Spam is not allowed (you can report it in Discord)
  • Plagiarism is not allowed (you can report it in Discord)
  • This bot doesn't upvote comments

Join us on Discord

Must Read!


This post has been heavily promoted to get maximum exposure, we have created this bot having the community in mind that is why we want the community to know about it and suggest new and creative ways to keep improving the Burning Bid-Bot in a way that it is profitable for delegators and that benefits the entire Steem community through projects.

Happy burning time,

Authors get paid when people like you upvote their post.
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A list of what makes the Burning Bid-Bot unique

  • 100% earnings for delegators
  • It shares a big chunk of the curation rewards it generates
  • It has 5 projects to amplify its effectiveness: Curation Project, Burning Project, Increased Revenue Project, Backup Fund Project and Whale Project.
  • It has a welcome bonus for delegators
  • Delegators can suggest changes and if good for the bot they will be applied
  • Random lottery
  • Giveaways (currently we have a ChibiFighter giveaway)
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You got a 30.84% upvote from @emperorofnaps courtesy of @safedeposit!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

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THIS IS VERY NICE..

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This is great project with the community in mind, thank you so much @lrd , I really appreciate it.

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This is exactly what STEEMIT should not be about. If I am understanding the project, this is a bot that upvotes everything?

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Wrong!, the Bid-Bot will upvote the ones who bid unless they are blacklisted.
The Curation Project will only upvote quality content and flag useless content.

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2$ PRESENT IN CLOUD MINING!!!!

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Steemit is very fast money laundering! This is the biggest online earner platform in the world Which will pay for the publicity of its customer's post.

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Incredible project, this call my attention

interesting ..
Good luck to everyone in his work .. just work
Well done on your search‏..

this seems pretty solid. gonna look into delegating when i stop my partial power-down.

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If you have any questions about the Burning Bid-Bot feel free to ask.

thanks for the info

This is very neat. So we just have to delegate our SP and we get the welcome Steem bonus. Also, how do we get share 100% of earnings? Do we receive SBD/SP for delegating power to you to upvote. I hope to hear back. This is a great cause for Steemit, to help the stakeholders and minnows out!

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Join the discord where you can ask him there :)

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thank you Advisory Board

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In our current situation (having the bot less than 100k) you will receive 100% of the earnings that your share generates, 15% of the curation rewards that the bot generates (if you are the largest delegator), and contribute through burning due to the fact 5% of curation rewards are burnt.

Once the bot reaches 100,000 SP it will generate enough Steem from Curation Rewards to start activating all five projects, in that moment the Curation Project and the other projects will start receiving direct funding from each weeks power down.

Still trying to understand the meaning of all these. I will keep reading and will look out for further information. Bidbots was my favourite topic during my first week in Steemit. At this point, I am exploring more options. Maybe I need to explore the delegation option now.

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If you have any questions about the Burning Bid-Bot feel free to ask.

Like the project a lot, one question though, Is this bot only going to start to work when it reaches 100000sp? So, if I would delegate now I would have to wait and would have no return till it reaches 100k?

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The bot is already working and is paying out 100% of its earnings to delegators, burning 5% of Curation Rewards and giving to the largest delegator 15% of the Curation Rewards.
The difference between the current situation and when the bot reaches 100k SP will be that 45% of Curation Rewards (increasing the more SP the bot has) will be distributed among the 5 projects.
If you delegate now you would only have to wait for one round to end and then the next round will pay you, you would receive your first payout within 48 hours plus your welcome bonus which you can always claim through Discord in case we forget about it.

Wow, im acctually impressed and i would like to support your project soon!
But im powering down right now to buy a good gaming pc.

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Don't worry, we are here for the long run so take the time you need to know more about the Burning Bid-Bot

This post has received votes totaling more than $50.00 from the following pay for vote services:

smartsteem upvote in the amount of $286.75 STU, $503.85 USD.
appreciator upvote in the amount of $261.52 STU, $459.53 USD.
upme upvote in the amount of $126.46 STU, $222.20 USD.
buildawhale upvote in the amount of $96.85 STU, $170.18 USD.
postpromoter upvote in the amount of $89.12 STU, $156.60 USD.
therising upvote in the amount of $33.26 STU, $58.44 USD.

For a total calculated value of $894 STU, $1,571 USD before curation, with approx. $223 USD curation being earned by the paid voters.

This information is being presented in the interest of transparency on our platform and is by no means a judgement as to the quality of this post.

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Must Read!

This post has been heavily promoted to get maximum exposure, we have created this bot having the community in mind that is why we want the community to know about it and suggest new and creative ways to keep improving the Burning Bid-Bot in a way that it is profitable for delegators and that benefits the entire Steem community through projects.

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Nice!

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Saludos, Maravilloso...

I’m seriously curious as to why your project (and some others) feel the need to control inflation with burns at this very early stage. Not a knock or criticism, just a genuine question and concern.
With inflation currently under 10% and falling, we’re easily growing at a rate to support it.

There are roughly 250 million Steem currently among 1 million users for an average account value of 250 Steem. The median value is much smaller since Steem is not evenly distributed. Let’s imagine we hit 10 million users in a year and Steem supply has grown to 275 Million. Average account value is 27.5 Steem with a median account of probably under 5 Steem I’d guess. Keep extrapolating and you can see my concern. Steem is already on track to be a very scarce asset. To me inflation just doesn’t seem a problem, and burns only benefit high Steem amount holding individuals, possibly actually harming small user engagement and depressing price more than it helps.

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Through burning every Steem holder is rewarded, that is why we implemented it.
However, if most of our delegators agree on changing the Burning Project and distributing the funds that will be allocated to it we will most certainly change it and distribute those funds among the other projects.
Thank you for the suggestion, we will keep it in mind.

For how long will it pay out?

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As long as the bot keeps running we will pay out every single day 100% of our earnings to our delegators and according to the amount of SP that the bot has we will distribute the Curation Rewards it generates accordingly.

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That is awesome, thank you.

And i joined the discord aswell

Seems complicated. Lol

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How so?

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If there is anything we can do to make it more clear to you just ask!

I decide to delegate 200SP . Cool project in mind, indeed. More info will never hurt. I joined Discord channel too.

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We will bring every week a detailed post with info about the other 4 projects so that it is clear the purpose of each of them.

The Problem

"There are very few curators nowadays making it almost impossible for a minnow to receive the juicy upvote they need to keep motivated enough to not give up on Steem and keep on posting quality content which is what Steem is looking for."
This problem is my problem on this community too.

We'll i have less than 40 SBD, am i legible to delegate?

Will it be advisable to delegate when i haven't really got my footing on this community?

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You should keep at least 20 Steem Power for yourself because if you delegate all 40 SP at once then you won't be able to transact (lack of bandwidth), anyone can delegate, the difference between the amount you delegate is the payout, if you are not certain about how much to delegate we'd recommend delegating 10 SP (so you can participate in the giveaway too) and see how it goes, if you have any further doubts feel free to ask.

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If i delegate like 20sbd, what will be my average earnings per day, and will i2be restricted from voting other people's content as well as commenting on other people's contents?
Thank you @lrd

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Its a great idea to exchange that SBD to STEEM and power up you account before delegate to @ird. As far as i know you cannot delegate SBD only SP

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Sorry my mind was saying SP, but my fingers were typing SBD. Sorry

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You know yesterday i've made 365 days using this "steemit" platform.Believe me it was really difficult to make a diff between SBD, SP and STEEM . But with using the platform the thinks get clear with passing the time. Wish you really a good enjoyable moments here. Was a greate surprice when i check my steemd page to see a cakes surrounding my Age counter :d

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Happy one year steemit anniversary.
I trust the experience enjoyable is worth sharing.

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There is not fixed amount due to the fact it depends on the number of bids the bot receives, we can only promise to give 100% of what the bot earns to delegators.
Amounts could range from 0.01 SBD to 0.04 SBD per day for a 20 SP delegation.

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Thank you for the information.

wow! thanks for sharing this information, I truly appreciate it.

@lrd, this is a very gigantic project, and I believe many people in the steemit community are going to benefit massively from this the Burning Bid-Bot unique projeect.

I have joined the discord chanel, and I will contribute my best to the success of this project

TO CREATE MORE AWARENESS, I RESTEEM THE POST

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You are welcome @mike4christ, all ideas to make the Burning Bid-Bot more profitable for delegators and to provide higher benefits for the entire Steem Community are welcomed, feel free to ask any questions that you may have.

Thanks for sharing informative state of information

You got a 15.60% upvote from @postpromoter courtesy of @safedeposit!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

wow, amazing, please give me an upvote.

wow. this curation project of the burning bid bot is just amazing

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If you have any doubts or suggestions feel free to tell us.

OMG Curation Project of the Burning Bid-Bot

nice concept!

خلیج فارس ایران

Alright. I delegated 50 SP. That's about 10% of my SP. I would love to be a curator for you some day.

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We'll let possible curators now when there are accounts available.

Hy is 5% od curation rewards burnt and what does that even mean? Lol sojnds interesting,but I'd like to understand this project a bit better.

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sbd get sent to @null an account where all funds get locked aka burned

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I doesn't make any sense? Why do you do this?

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Supply and Demand

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I don't get it , you will have to explain a bit better than that.

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The goal of burning sbd/steem is to lower supply. With less supply and since their is still demand the price of sbd/steem increases. The law of supply and demand. Steemit does this already in the promoted tab. More burning more price.

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This is like communism, a good idea on paper, but not in practice. From what I understand the point of this project is to help minnows, but you are throwing away money that could have been put toward minnows, because while you are throwing away/burning steem and SBD, whales like @haejin , @grumpycat are just cashing on while minnows lag behind.

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Actually burning does work look at binance coin. They do a burn from the money they made raising the coin price for all. Also only 5-10% of burned the rest will go to to newbies helping projects once the project has reached the 100K steempower milestone

THIS SEEM GOOD
I LOVE THIS GREAT EFFORT OF YOURS DEAR FRIEND

Saludos, me uno a la fiesta de los ganadores...

Great, keep good work up!

Sounds great! I'm happy to delegate.

Yesterday I made a delegation to your bot, when am I supposed to get my profits? To this day I have received nothing.

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You shall get it soon. If you have any problems join the discord and complain there. :)

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Don't worry @syberiacoin, you have already received your welcome bonus and you will soon start receiving daily payouts, it usually takes two days at maximum for the bot to incorporate a new delegator to the payout list, if you haven't received any share of the Burning Bid-Bot payout in the following 2 days we will refund you with the corresponding amount, happy burning time.

@habibsphs
Happy burning time ..grate work

Oh yeah!

I'd love to delegate @lrd, I'd love to become a part of the curators team someday, but I just started (certainly I don't even know how much SP I actually have) and I guess I don't have enough to do so. I'll still support this topic!

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Best of lucks!

i hope this one comes through better than the rest

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We aim to be as transparent as possible.

Very nice

I would love to take part on this project if this goes well. I hope it will!

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We hope it does too, if you have any questions about the Burning Bid-Bot feel free to ask.

this curation project of the burning bid bot is just amazing

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New things will be added to the Curation Project too!

simply its coool , wow

Perfect timing! I've been shopping around for bots, etc. to delegate to.

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Feel free to ask any doubts you may have.

I read your post and now reaching to your prvious post and want to know that can we increase our SP by curation?

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We may very well add such feature so that curators earn a share of the Curation Rewards they generated, for the time being you will be able to upvote yourself once a day which should be a good deal for the curator overall.

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Wow! Great work lrd! Your post has appeared on the hot page after 213min with 344 votes.

Nice one! I would like to be a curator as well~

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As soon as we hit 100k SP and the @curationproject has a minimum amount of SP to delegate we will make a post to recruit curators.

On My Way!

I have idea so if exists wallet on steemit so why don't have exchanging rate this option can watching how moore SBD to dollars or bitcoins.

Finally a bot that is very competitive. I've been searching for something like this, however I want to start small. Can I invest less than 10 SP as my personal investment test run @lrd? And if so, how?

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You can delegate any amount you wish, using this link you can create a custom delegation.

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Thank you!!

The post has shown how to make extra passive earning

Yo quiero ser millonario :( , Hola mami XD

This is very good for steemit especially for those posting good content and not getting their post upvoted. That's sometimes discouraging and left the writers frustrated. It would be nice if this could implemented.

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It will get implemented as soon as the Burning Bid-Bot reaches 100k SP, the more Steem Power the Burning Bid-Bot has delegated to it the more funding the Curation Project will receive.

You got a 100.00% upvote from @lrd courtesy of @safedeposit!
We are offering 100% earnings for our delegators + 15% curation rewards for the largest delegator and 5% of curation rewards are burnt.

Delegate Now

it's god projects

HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA I WOULD LOOOOOOOOOVVVVEE TO TAKE PART IN THIS PLEASE.but I come with 2 steem power I'm willing to delegate ALL!
Plus I'm in on the discord channel already!

informative article, Thanks.

very informative ...nice... i liked it

Shall give this a crack and sit back in auto pilot and following the trail. Nice work

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If you have any questions about the Burning Bid-Bot feel free to ask.

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Thanks, have joined the discord channel.

informative article, Thanks for sharing @lrd Resteemed it.

Another day, another bidbot.

Congrats on all of the work and trying to help the community, but is this really the version of Steemit you want to encourage? Bidbots everywhere?

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The Burning Bid-Bot is not just "another bid-bot", we are trying to combine the best profitability for delegators while contributing to the value of Steem, we are currently exploring the possibilities of creating a dev fund to fundraise dapps on the Steem Blockchain.

Wow I will follow you , great post

Very greatest your post.

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Thats great plan... Best luck

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very good

Congratulations @lrd!
Your post was mentioned in the Steemit Hit Parade in the following category:

  • Pending payout - Ranked 2 with $ 923,08

[-]modernpastor (64) · 2 hours ago
Well,​ I think that the One person one vote system would change the game as you said. In my opinion in a more fair way. A motivation to dive into this realm knowing that you have to be better than other creators. It's like in sport.

But with the current system often it doesn't​ matter if you are a good content creator because​ it's​ hard to get noticed.

What I want to add is that I believe that the SMT starting with Appics will give the STEEM Blockchain an enormous​ boost.
For me,​ this SMT will have a better starting point compared​ to steepshot.

This project is so great, very complete. A lot of success in the process!

Its really informative post

Great proyect. I will keep an eye on this, for sure!

exlance...

god jobs

ummm!this seems pretty solid.So we just have to delegate our SP and we get the welcome Steem bonus

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Both the welcome bonus and daily payouts in SBD and Steem, depending on the amount delegated the bonus and the daily payouts are bigger or smaller.

good post

I really like this article

this seems pretty solid. gonna look into delegating when i stop my partial power-down.....

frankly your post I've seen and I've read I think your post is very nice and quite interesting and very useful for me and for all friends steemian's all thanks

Greetings from Venezuela. I invite you to take a look at my first OpenMic post and support me: D and thanks in advance

STEEMIT OPEN MIC SEMANA 85 - Time in a Bottle by @maycorjerjes18

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please give me some steem coin because i am nothing and useless