Hey guys! This is just an update to my weekly Steem giveaway! You now have the option to either accept your reward in Steem or an equivalent in Steem Basic Income Shares! Since SBI buys you and me a share, I'll sponsor the winners two times their Steem prize to make it equivalent! Learn more about SBI here

Basically, if you win 5 Steem, you can choose to accept 5 Steem OR 10 Steem Basic Income Shares (worth 5 Steem)!

SmartSteem Competition

If you signup to SmartSteem using my link, you'll be in the running to win 100% of my weekly referral money! For now, I'm earning nothing but as more people sign up and sell their votes, I'm sure we'll start earning more together!

You can use their vote seller calculator to calculate your estimated profit!

You'll earn more by delegating, but it's a big commitment. You'll earn around 10% more per week, but it'll only be profitable if you lend for more than 10 weeks as it takes 1 week for your delegation to come back. Furthermore, you won't have the ability to use your SP freely like you can with vote selling!

Join SmartSteem using this link, and every Sunday I'll distribute 90% of my earnings to one lucky winner!

What's this giveaway for?

This contest is mainly for two reasons, for me to gain some more followers and for minnows to have more motivation. The first reason is quite obvious so let me explain my second point.

To be a valid entry, you must be "active". This means that you must have posted or commented a total of 5 times in the last week. This is not a hard ask for someone who is actually active, it's less than one per day! Furthermore, you must NOT be a bot or spammer, which I will decide based on my personal discretion.

This aims to help community engagement by promoting being active. Furthermore, it also aims to help keep minnows active who may be lacking financial incentive as they're getting very low post rewards.

Next prize

Therefore, the prize pool jackpots again so next week's prize will be a minimum of 11+2 Steem!

This week's structure will look like this

• 0-100 new followers: 2 Steem + jackpot split between 2 person
• 101-200 new followers: 3 Steem + jackpot split between 3 people
• 201-350 new followers: 5 Steem + jackpot split between 4 people
• 351-500 new followers: 10 Steem + jackpot split between 5 people
• For each post over $25 payout - paid upvotes from bots, I will put an extra 1 Steem in the prize!

How to enter

• Follow me
• Be active on Steemit
• That's all! If you're active, you're automatically in it with a chance to win every week!
• What does this mean??
  Basically have at least 5 posts/comments in the last 7 days.
  If the winner isn't active, the prize will jackpot to next week's!
  (New rule) If an account wins the prize that I deem it be a bot or spammer, the prize will jackpot to next week's! However, if the user contacts me about the situation, I will reconsider.

Some stats

• Giveaway Number: 4
• Followers at the start of week: 1301
• Current followers: 1406
• Current Prize: 3 Steem + jackpot between 2 people
• Jackpot: 11 Steem
• Total Prize given out: 0 Steem

Some Thoughts

The last 5 people who were randomly chosen to win this competition have ALL been inactive. It really gets me thinking how many people out of the 1301 followers are actually active. It does make sense the majority are inactive though. If 10% of people who see my content comment, and the posts I don't promote with bid bots get around 3-4 comments, only 30-40 of my followers are active. Therefore, it's likely that only 1 for every 32 people are active. At this rate it's gonna take us 16 weeks before the prize is finally given out to one person! Hopefully we have some winners next week haha