Introducing MinnowBooster (Beta)
notice: This is a repost to link users to up to date infos as the original post cannot be edited anymore...
Visit our website minnowbooster.net to see all our available services and tools.
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The @minnowbooster bot project is the "Swiss Army Knife" for minnows, which can do a multitude of things. It is a vote bot similar to @randowhale, except with a predicible upvote return in proportion to your spending.
In addition to the upvote bot feature, @minnowbooster is an ATM for Automated Delegated SP Leasing, providing minnows with the much needed STEEM POWER BOOST to be able to have a greater influence and effect on the platform. Kind of like leasing a Ferrari for a week, you can similarly lease delegated SP and become a dolphin or whale for a week to accelerate your reputation and esteem in the community.
Delegated SP Leasing
@minnowbooster takes the role of an automated delegation leasing ATM, where you can instantly lease delegated SP from the bot without having to negotiate with an untrusted third party or private loanshark, along with the associated risks.
Delegated Steem Power (SP) Leasing is now instant and automated for both the investor and the lessee for a hassle-free leasing experience.
To lease Delegated SP, just send STEEM (at least 1 STEEM) to @minnowbooster and get 65 times the amount in delegated SP for one week.
Examples: Send 1 Steem and get 65 SP delegated to you, or send 100 Steem and get 6500 SP delegated to you (the sender) for a week.
Leasing for at least 4 weeks or renewing for additional weeks after your first week is cheaper, you get 100 times back in delegated SP that way.
Example: Send 400 Steem with the memo '4', which covers payments of 100 Steem per week over 4 weeks and then receive 10 000 delegated SP for the 4 week term. Delegation will most likely bring you back your investment after a few days of curating (subjective) and increasing your esteem, enhancing your interpersonal networking experience.
Commands - send STEEM with this memo:
- no memo defaults to one week of delegation to the sender
4secures 4 weeks of delegation to the sender
Want to gift someone delegation? Maybe have a contest running? Just enter the recipient username in the memo and that person will get the delegation.
recipientnamesends a gift of one week of delegation to @recipientname
4 recipientnamesends a gift of 4 weeks of delegation to @recipientname
If the delegation order cannot be filled immediately by @minnowbooster itself or the offer is too low for @minnowbooster, it then goes straight to the open market where it will be filled by other users, or refunded in 3 days if the order hasn't been filled. The Delegation Leasing Market (DLM) currently only facilitates filling of complete orders, partial fills may be available in future.
Please check the bot's voting power at https://steemd.com/@minnowbooster because the bot's AI autoregulates its Voting Power to ensure the bot does not get drained.
At 100% voting power the bot will give your nominated URL an upvote worth 3 times what you paid in, with the received vote value decreasing proportionately as VP decreases, ie 66% VP yields 2 times, right down to breakeven at 33% VP and a loss if you pay in when the bot has less than 33% VP. (These are gross percentage values, please take into account that on Steem 25% of the post value goes to the curators, in which case the NETT breakeven is actually at 45.67% VP) !
The bot will try to detect invalid urls and send funds back but gives no guarantee. Also check if the bot has voted on that post/comment before or it is in it's last 12 hours before payout. Double sends or not possible votes are considered a donation!
Investing STEEM (Powering up @minnowbooster)
You can invest STEEM in the bot and expect roughly 100% return per year, less our facilitation fees. You earn from all delegation leases and/or upvotes the bot makes prorata based on the undelegated portion. Returning your investment later is on a best effort basis and subject to 13 weeks of powerdown rounds.
To invest, power up STEEM but send them to @minnowbooster instead of to yourself (you can do this with the ADVANCED button). You will receive an automatic daily payment of your earnings.
Investing by powering up @minnowbooster gives you "best of both worlds" returns from the vote bot and from delegation that the @minnowbooster account makes at higher than market rates for microlending fulfillment.
Investing delegation to @minnowbooster
You can also invest without sending funds by delegating STEEM POWER to the @minnowbooster bot and get roughly the returns you would get if you voted up only your own posts, but without the shame!
Just delegate STEEM POWER to @minnowbooster and you will receive daily payments of prorate profit returns. You can always undelegate but will lose the earnings for the current unfinished day.
You can delegate with our tool or the tool you are most comfortable in, steemconnect is a convenience offer and shows you the exact amount of vests to delegate.
Investing delegation to fill market lease orders
We also have a nifty market at minnowbooster.net which shows all of our users' delegation request offers; where large and small SP holders can delegate to the market offers of their choice that are in their ability to fulfill. Try it ... we find it is fun and rewarding filling orders and lending SP to others!
Below we can see user @raziel has requested 2200 SP for 4 weeks and will pay upfront 88 Steem which we will escrow, the lender can then click on the "Fill this offer" button and enter his own username in the next page and delegate to the user using our Steemconnect tool.
Note: If lenders prefer, they can use other tools of their choice to delegate, our bot will parse the blockchain for delegations of exactly the listed vesting amount). Please be sure to delegate exactly the displayed amount of VESTS if you are using an external tool or Cli wallet!
Lenders will be paid daily in arrears and if the lender cancels delegation early we refund the balance back to the lessee, it's that simple and safe and no-one loses out!
In addition, for convenience @minnowbooster sends a memo to the lender upon expiry of the contract, wherein they will be sent a Steemconnect link to cancel the delegation or again lenders can use their own tools to cancel.
Webpage and Transparent Steem Wallet
The bot has a website showing all things that happen with the bot and all market transactions that take place: http://minnowbooster.net
Please allow transactions a few minutes to get approved by the blockchain before they appear.
All transactions can also be transparently viewed at:
We currently have a 10% facilitation fee charged on all investor returns during the development phase, this percentage will diminish over time with greater adoption and development maturity. We reserve the right to publish amended facilitation fees at all times.
No fees are charged to the borrowers or anyone requesting upvotes.
Please use our service responsibly, test with small amounts first to get acquainted with the functionality and projected returns, @minnowbooster and related parties and persons shall not be liable for any loss, financial or otherwise arising from the use or misuse of our services.
We reserve the right to react to abuse that we won't support!
The @minnowbooster Terms of Service are subject to change at any time at the discretion of the team, or as required by any fork changes on the Steem blockchain.
(1) Does delegating out my SP to others reduce my witness voting strength?
Delegating will have no effect, witness voting is agnostic to the delegation and references the Steem Power belonging to its owner regardless of delegation.
(2) Will I receive a reminder at the end of the delegation term to cancel my delegation to the market orders I filled?
Yes, we will send a memo to your wallet with an undelegation link. Later we will list expiring orders on our website.
(3) Can I initiate multiple Delegation Lease Market requests?
Yes you can, there is no limit to how many open orders you can have.
(4) What is the break-even Vote Power percentage of the @minnowbooster bot?
Currently approx. 45.67%, catering for rewards attributable to curators, remember to take post value decay into consideration as well.
(5) How much is the @minnowbooster bot vote worth currently?
Visit the web-service steemnow.com, enter "minnowbooster" in the Username field on the right and on the left drag the vote slider to match the Voting Power showing on the green status bar to see the approx. dollar value return at the current SP and Vote Power levels.
Project Team @thecryptodrive - Steem serial entrepreneur, @minnowbooster co-owner and original thought leader on Delegation, @steemsports founder, Peerplays Witness, @steemvoter co-owner and top witness.
If you like what we are doing for Steem, vote for us as witness!