It's not that i don't like the idea but i do have multiple shares of steem basic income already. I know that you claim to have a better rate of return but they have a brand and reputation as well as a very strong community behind them.
If you are going to come second to the party then you really need to have something better to compete. Have you the numbers to back up the claims? A solid layout that we can all see exactly where the profits will happen?
Hey, yep as we are coming in after sbi we do have to have something that makes us stand out. I believe the key things that make us stand out is firstly our profitability vs sbi and secondly the fact that we are per day rather than per week. When it comes to numbers I can run some right here with you. Currently we have 1050 sp, and can give out 204 shares before we reach a cap vp wise. This is not accounting for people who don’t post each day, and with that we can look a lot closer to 240 shares. This will get us 120 steem, while I am currently paying 18.1 steem per month. This will net us 6 month and about 20 days just worth of leases. During this time we expect to get about .3-.4 sp in curation per day, which will net us about 80 sp. then you have to take into account self upvotes as well as we plan on using votefun to help with sustaining. Overall, without the need of a developer or a server we are able to completely get rid of any costs that sbi would have to which allows us rock give a much higher profitability.
See, I think that you should have led with that. Thanks for getting back with such a detailed reply. Having a proper look at the math gives me a lot more interest in getting involved with the project.
Since this is a start up anybody joining will be taking a chance that you will continue to deliver on this over a long period of time but the idea does sound good. I think that i will take the chance and see how it pans out.
Sorry about that, the plan was to write up a more detailed one later but I see your point. Also glad to see you are going to try us out!
No worries. It's your project you can do what you like. It was just that there was no real info on your profile at all since it was the first post and I just like to know what something is all about. I tend to look deeper into anything that interests me so research is always on the cards.
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Well glad you checked us out, hopefully you get on board 😃