Most Valuable Tools in Steemit: 3rd Nominee: Steemit Basic Income.
Steemit Tools by @shortsegments
Picture courtesy of Pixabay.
This Steemit Basic Income program was created by @josephsavage.
I suggest that Steemit mentors or people who are new to the Steemit Program buy a “share” of Steemit Basic Income for their new followers or themselves. By purchasing a "share” of this program for you or your follower, you or they get an upvote of around 0.008 for one post per week. If the SBI recipient produces more the one post per week that amount is divided amongst all their posts that week.
This program has an added benefit: When you buy a “share” for a follower, you also get a share for yourself. I think this is a good method of engagement. It provides immediate tangible rewards to your followers. It is a good way for new Steemit community leaders to connect to members and new members can earn some Steem right away.
**Recently the program added an option to give your share to a second follower. So a leader can now purchase a share for two new Steemit Community members at a time.
Please follow this link to learn more and buy shares:
https://www.google.com/steem/basicincome/@steembasicincome/steem-basic-income-a-complete-overview
References
@josephsavage
@steemitbasicincome
Steemit Tools Mini-Series: Links
https://steemit.com/steem/@shortsegments/most-valuable-tools-in-steemit-dustsweeper
https://steemit.com/steemit/@shortsegments/most-valuble-tools-for-steemit-4th-nominee-steemauto
The weekly value per share is driven by the upvote value that can be rewarded from our target SP ratio of 2 SP per share. At present, that is only 0.008 per week, not the 0.06 stated.
A member posting only once per week and depending entirely on SBI to reach payout would need at least 3x shares currently. That value will improve when STEEM starts to recover, and represents a base return of ~40% per year. There are ways a member can boost their ROI that are detailed in our updates.
Heh, what do you think about my comment? I wonder if this really could be a universal basic income in places where the exchange rate is high?
Are you a bot? I might be wasting my time, but your answer looks like it’s formulated by a human.
I guess I should ask people from other countries?
That is a big part of the inspiration. Even though a few bucks a week isn't much in the USA, it can make a life-changing difference in many parts of the world.
The system is designed to encourage people with deep pockets to support people that have shallower pockets. Given the number of contests in many different formats that have popped up using SBI, we see great potential.
There are quite a few ideas on the backburner to make even greater strides in that direction, but they are pending our automation project's initial release as the program takes way too much time just to maintain right now.
Hi @steembasicincome,
Thanks for reading my article and sending me the correct number. I think I used older numbers I read before Steem price fell.
Take Care
This is great information!
Wow! This sounds like communism or socialism on the blockchain! 😳😱
JK just kidding it’s more like a cheap annuity..
This is a cool idea I think for countries with high exchange rates these small payments could mean big things. I could sponsor like 100 people in Africa or India or South America and have an immediate impact. Fascinating concept when combined with the USD exchange rate. I wonder if Savage has already thought about this?
Hi
I think that’s an intriguing thought.
I will research it further.
☺️
This is an intriguing thought.
I suspect he or someone associated with the program has thought this through.
I think with payments of 0.006 currently being dust level payments, you have to combine it with Dustsweeper to get paid, but that would require some math to figure out if it could provide food or shelter in another country.
I suggest you write him @josephsavage
Great info for new bies like me its worth more thanks :)
@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!
you received an up vote from danlupi with voting power of 100.00%. Estimated dollar amount of $2.22
Thanks
This post received a $0.134 (100%) upvote from @upvotewhale thanks to @shortsegments! For more information, check out my profile!
Thanks
You got a 100.00% upvote from @seakraken courtesy of @shortsegments! Release the Kraken!
Wow!
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You got a 100.00% upvote from @automation courtesy of @shortsegments! This is a service sponsored by @yehey. Please consider voting @yehey for Witnes. Use this short URL link https://on.king.net/witness simply click and vote, this will redirect to Steem Connect for secure connection.
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@Automation - Keep Steeming for a better future.
Wow!
Thanks
You just planted 0.13 tree(s)!
Thanks to @shortsegments
We have planted already 3291.91 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 19571.73
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku