What is IncinBoost?

in #incinboosy6 years ago (edited)

Intro

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.

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 Removed

Previously when we first started we had a base minimum of 5 shares. However this has been removed because as we grow we are able to still have all the vp used. This makes its so you can join with as little as 1 share!

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.

Here’s an example from one of our members:

“ On my last post SBI got me .07 value with 45 shares yet I get credit for 84 shares due to my auto voting their post while Incinboost got me .05 with 28 shares. So it is easy to see that you get back more for what you put in with Incinboost.”

Check out his post at: https://busy.org/@stever82/are-you-aware-of-incinboost

With this example you can see that the 84 sbi shares that he has, he gets $.07 a day. This is compared to 28 shares of incinboost shares which gets him $.05. If he had 84, that would be a $.15 upvote!

How to Get a Share

There are 3 main ways that one can obtain a share:

  1. 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.

  2. Be sponsored
    Are you a little low on steem? Get one if your friends to hook you up with a share via sponsorships!

  3. Delegate
    We are accepting delegations in exchange for shares. It will be 15 sp per share that you have.

How We Are Sustainable

The bot will have many methods in order to sustain itself, some of which include:

  1. Curation rewards
    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.

  2. Self Votes
    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.

  3. IncinBot Upvotes
    As the owner of IncinBot as well, we are giving IncinBoost a free 50% upvote each day. This gets about another $.2 added, which in essence is another self vote.

  4. Subscriptions
    We are also vested in a couple other subscription bots as well. Currently we are in @moonbot, and we also trade upvotes with @silvergoldbotty.

  5. Manual
    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.

  6. Steem Monster Contests
    We are also doing one Steem Monster Giveaway each day as another way to help sustainability. As we have bought the starter pack (12 steem at the time), we are able to get a $.8-$1 upvote each time on the steem Monster Discord server! This allows us to pay for the cards that we Giveaway and we can keep the sp for sustainability.

Join our discord server at: https://discord.gg/zeSfv7e

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It was a very good idea to wave the original 5 shares-minimum. I think that was a huge hurdle for a lot of people.
I'll be starting to give away Incinboost memberships in my contests, now.

By the way, you still mention the minimum of 5 shares under 'How To Get Share'

Hi @incinboost

As @simplymike also mentioned in his comment from a few days ago... your "How To" still mentions 5 shares minimum.

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.

Please confirm if I can join using less STEEM or if 5 is still the minimum.

Please look under “Minimum Removed”. You are able to buy as little as 1 share at a time now 😃, the typo has been fixed.

Thanks for confirming @incinboost ... I saw that, but I also saw the conflicting info in "How to Get a Share", so I was just being a little overly-cautious...
Anyway... so I joined the discord, and noticed it again confirmed that there is no minimum, and so I have already signed up for 2 shares (2 separate users).

P.S. What happens when all available shares are "sold out"... will there be a "incinboost-2"? 😃 I have (hopefully) lots more users to sign-up in the very near future.

No, I think you understood the “sold out” incorrectly. The max shares is based on how many shares we can sell based on our sp. once we reach the max we will simply lease more sp to account for more shares.

Sweet! Thanks for clarifying!

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