You are viewing a single comment's thread from:

RE: 🏆 #GooglyPrize 👀 A brief History, some Updates and a few Tips for Winning 📢

in #googlyprize7 years ago

Thanks for your support @samic! I agree there is some risk involved with the paid votes due to the market fluctuations. The votes by @minnowbooster however usually come with a return of more SBD than spent AND additional SP in the rewards.

Of course, if the USD value of STEEM would completely tank in the next 2 days, we do see a risk of losses. According to y calculations: if STEEM goes below ~$5 we will start loosing a little SBD in the cash-pool (but we'll still have gained SP for the delegation pool). Steem would have to go below $3.5 before we would make actual net-losses. I think that's a very acceptable risk.

Either way, I don't think of this as a permanent solution but more of an experiment. I'll publish the detailed results of this in a post after the rewards have been processed.

Also if the #GooglyFamily should decide they don't feel comfortable with paid votes, I'd stop this experiment asap.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 61812.63
ETH 2432.97
USDT 1.00
SBD 2.63