When looking at the countless amount of steem that you have spent on bidbots, subscriptions and etc in order to gain 1 or a handful of upvotes, did you ever think “how can I pay once and just have a free flowing amount of upvotes coming to me, forever”? The idea that one can basically invest a set amount of steem, and receive a daily “dividend” is pretty cool (keeping in mind you cannot sell shares!!).
How Does IncinBoost Function
It’s rather simple, 1 share is equivalent to 1 steem except that when buying a share you have to sponsor someone. Once the share has been bought, we quickly run a function that’ll shoot out the % that we upvote you at, and that goes straight into Steemauto. The upvote value that you receive will be calculated on a per day basis, and you will be able to receive 1 upvote each day.
Minimum Shares Needed
In order to be a member of incinboost you must have atleast 5 shares. If someone gets sponsored with only 1 share, we will hold that until they have reached 5 shares before any upvotes start. Why do we do this? In order to make sure all our vp is used we need to make sure that the 30 members have enough shares in order to use it all up. If one has 100 shares while the rest have 29, that makes it extremely unbalanced and can really hurt the bot overall.
Vote Value at Current
1 share will be approximately $.0028 per day, or about $.02 a week. This will change as steem price changes as the % is tied to only our sp amount and not the steem value.
How to Get a Share
There are 3 main ways that one can obtain a share:
Send 1 steem to @incinboost (If it’s your first share, you need to send 5 steem).
This will allow you to also sponsor someone in the memo, and get both of you 5 shares each.
Are you a little low on steem? Get one if your friends to hook you up with a share via sponsorships!
We are accepting delegations in exchange for shares. It will be 15 sp per share that you have.
Softcap On Members
I have decided to add a cap on the amount of members for month 1, capping it at 50 members. Every month that follows, we will be adding 20 new spots for anyone to fill before it closes again.
While looking at our competition, the main one was by far steembasicincome. We had to make sure that our bot could run more profitable than it, less time consuming and have quality customer service. When you look at steembasicincome, currently 1 share is worth $.0109 per week. In order to beat this, we have doubled the per share value to $.02 a week. Now looking back to our softcap, this helps answer how we take less time to get your shares added as well as how we can have better quality service. Firstly, by having the softcap we will only be looking at about 50 Members this first month. Compare that to steembasicincome who gets over 100 new transactions each day that they have to account for, we clearly have less work to do. This allows us to get you added within 1 day, with the likelihood being an hour or two. Secondly, we can offer better quality service with the soft cap as we can go back and upvote missed posts, as well as engage with the community much easier.
The bot will have many methods in order to sustain itself, some of which include:
With the use of leases, we are able to pay a lot less than powering up the steem and are then able to accumulate curation rewards from the upvotes much faster.
We plan to do a post once a day that highlights how many members we have, total shares that have been bought, current sp, and etc. these posts will come in handy when it comes to gaining some author rewards and getting the side profit off of that.
Due to the softcap we are able to do all the enrollment work done manually, with only steemauto being the automated aspect. However as steemauto is free, that isn’t much of a problem either. We will be able to save immensely when it comes to server costs, as well as paying a developer to make the bot, and can use that to scale a lot quicker.
Why after the first month we open it to 20 members each? This allows us to keep gaining a small bit of capital while still keeping it easy to be run manually.
Join our discord server at: https://discord.gg/zeSfv7e