Value Balances and Upvote Delivery

in #steembasicincome5 years ago (edited)
SBI Logo design by @roldamn

Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

Member rshares Balances

When an account is enrolled in Steem Basic Income, we begin tracking an rshares balance for that member. rshares are the unit that Steem uses to calculate rewards. Whenever you upvote, the witness checks your VP% and SP to calculate how many rshares your upvote is worth. This is the actual value used to track your upvote values on Steem, and the method that Steem Basic Income uses to track your pending upvote value.

Graphics by @katysavage

Value Sources

There are currently three sources of value that contribute to each member's pending upvote value. How each source works is more fully described in our FAQ, but the sources are Standard Units, Bonus Units, and Upvoting Rewards.

Pending Value

Picture separate water sources that fill a pending vote tank for each member. The flow from each source into the tank is dependent on enrollment level, delegation, or pattern of upvoting SBI. Increasing your enrollment or delegation will immediately increase the size of that source, and therefore the rate at which it contributes value to the tank.

It still takes time for the rate change to impact the total pending value in the tank.

Value Delivery

To prevent 'dust' penalties, the minimum upvote we deliver is $0.02 per post, and we will only deliver up to 33% of pending value at a time. Each time a member posts, we check their rshares balance, and open the 'valve' if their pending value is large enough to support a minimum upvote. This is calculated at the low end of the CLRC curve, so most upvotes will be larger than $0.02, even if delivered as a 'minimum upvote'.

Voting Accounts

When the valve is opened, one of our voting accounts is activated to deliver the upvote. We select the highest VP account that can deliver the entire upvote size. If no account can deliver enough rshares to fulfill the vote, we vote from as many accounts as it takes to deliver the whole value. If we vote from all ten and still can't deliver the value, the valve closes and only the amount we can deliver is removed from the tank.



(SBI Token design by @thekittygirl)

Recommended SBI Levels

Note: this section is not financial advice, but could help you have a better SBI experience.

We recommend that you target $3 worth of SBI for a weekly upvote, or $20 worth for a daily upvote. (Divide 20 by STEEM price in USD to estimate SBI total needed). Lower subscription levels will still receive regular upvotes, but they will be less frequent.

Increasing your SBI subscription (or any of the three sources) increases your upvote frequency. Once your subscription is high enough for your tank refill rate to power an upvote on every post, then increasing your subscription (or any of the three sources) will increase your upvote sizes instead.

Value Estimates

These charts can help you better predict your results from various combinations of enrollment, delegation, and regular upvoting. They are based on current STEEM prices and reward pool behavior. Their predictive ability is limited as STEEM prices and reward pool behavior are constantly changing. The calculations assume upvotes are valued at post payout at the bottom of the CLRC. That means the estimates are conservative; most members will have a better experience than shown.

Click here for value estimate charts

To be explicitly clear, Steem Basic Income is a completely voluntary subscription-based upvoting service. Your own behavior (or external factors) may change the total values, and you will get results that are different than you expect.

To facilitate doing your own calculations, we publish the weekly STU's per unit every week in our weekly delegation report.


Enrollment

Send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian, except for your own account.

If you're unclear, please check out our full transaction memo guidelines.

The official currency for enrollment is STEEM.

Questions?

Please check out our Helpful Resources page and read our FAQ. Most questions are addressed in these resources. If you still have questions, ask in the comments section or join us in our discord channel.


OriginalTranslationLanguage
Value Balances and Upvote DeliverySaldos e Entrega de VotosPortuguese
Value Balances and Upvote DeliveryValue Saldos und Bereitstellung von UpvotesGerman
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Amazing @steembasicincome Graphics ! ♥♩♬♬

Posted using Partiko Android

Congratulations @steembasicincome! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

New japanese speaking community Steem Meetup badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hey @steembasicincome i understand that if i delegate i get some bonus shares?

I want to delegate 100sp is there a delegation link somewhere?

Most projects have steemconnect links for delegation which makes it easy 😃

We include delegation links in our delegation report every week.

We don't have them in every update because the more we include in each post, the less likely people are to read the important stuff.

Here are some Handy Delegation links:

220100200300400500

Cool thanks! Just delegated 100 sp @steembasicincome. When do i recieve my bonus shares?

All delegation changes and enrollments are processed automatically every 2.4 hours.

Is it possible to transfer my sbi shares to my other account?

Yes; the minimum transfer request is for 25 SBI units. You can just send 0.001 transaction memo to @steembasicincome specifying how many to transfer and to what account. We do validate that the transfer does not create a sponsor/sponsee match (both units of an enrollment transaction ending up in the same account).

Unit transfer moves the units, not the pending upvote value (changing the level of the source tank, not the pending value tank).

!sbi status

Posted using Partiko Android

Hi @dera123!

  • you have 1599 units and 0 bonus units
  • your rshares balance is 51669596443583 or 23.750 $
  • as you did not wrote a post within the last 7 days, your comments will be upvoted.
  • your next SBI upvote is predicted to be 0.249 $

Structure of your total SBI vote value:

  • 41.34 % has come from your subscription level
  • 20.01 % has come from your bonus units
  • 38.65 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

hm... does not look like your comment is upvoted lol

Yep these status comments don't get upvoted (at least mine haha) which is good because I like these status checks a bit more than the discord ones.

Right on time, after my post. 🤞

Posted using Partiko Android

Hi @full-measure!

  • you have 11 units and 0 bonus units
  • your rshares balance is 1611578808098 or 0.854 $
  • your next SBI upvote is predicted to be 0.171 $

Structure of your total SBI vote value:

  • 23.71 % has come from your subscription level
  • 68.69 % has come from your bonus units
  • 7.60 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

Hi @ericburgoyne!

  • you have 87 units and 0 bonus units
  • your rshares balance is 1306229043481 or 0.596 $
  • as you did not wrote a post within the last 7 days, your comments will be upvoted.
  • you need to wait until your upvote value (current value: 0.024 $) is above 0.025 $

Structure of your total SBI vote value:

  • 78.59 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 16.46 % has come from upvoting rewards
  • 4.96 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

Hi @giddyupngo!

  • you have 122 units and 0 bonus units
  • your rshares balance is 3531016372354 or 1.624 $
  • your next SBI upvote is predicted to be 0.325 $

Structure of your total SBI vote value:

  • 93.07 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 6.20 % has come from upvoting rewards
  • 0.74 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

Hi @giddyupngo!

  • you have 122 units and 0 bonus units
  • your rshares balance is 5659923028130 or 3.354 $
  • as you did not wrote a post within the last 7 days, your comments will be upvoted.
  • your next SBI upvote is predicted to be 0.134 $

Structure of your total SBI vote value:

  • 92.62 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 6.71 % has come from upvoting rewards
  • 0.67 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

Hi @giddyupngo!

  • you have 122 units and 0 bonus units
  • your rshares balance is 3531016372354 or 1.624 $
  • your next SBI upvote is predicted to be 0.325 $

Structure of your total SBI vote value:

  • 93.07 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 6.20 % has come from upvoting rewards
  • 0.74 % has come from new account bonus or extra value from pre-automation rewards


    To reduce blockchain clutter, you can also check your status in our Discord server!
    https://discord.gg/VpghTRz

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