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RE: 🏆 #GooglyPrize 👀 A brief History, some Updates and a few Tips for Winning 📢
It is good to see how googlyeyes has grown so much and has greater visibility in steemit, your contest has always been very generous and transparent. Thanks for keeping him alive.
It is an excellent idea to promote the post of announcement of winners, with purchase of votes, has two points in favor, and are the rewards in curatorship for voters and acquires even more visibility.
Regarding profitability, I promoted a post mine and at the date of payment I even lost because the value of the post decreased. While another post did win some surplus because the values went up. You never know what's going to happen.
And ... than the googlyeyes live, there's always a lot of fun there.
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.