Boomerang - A new Steemit Bid Bot for all Steemians - Whitepaper

in steemit •  2 months ago

The Boomerang Whitepaper


How to bid for votes

Just send any amount of SBD to @boomerang and fill into the memo the URL of the post that should be voted by @boomerang.

In order to send the SBD, just open your wallet (https://steemit.com/@YOURACCOUNTNAME/transfers) and open the menu in the STEEM DOLLARS section. Click “Transfer”.

In the dialog window fill in the following valued

  • To : boomerang
  • Amount: Any amount you wish
  • Memo: The URL of the post you want to get voted by @boomerang

Finally click the SUBMIT button.

It’s recommended to check the voting power of @boomerang before submitting the bid for the vote. This can be done by checking it on https://steemnow.com/

In the example given a 100% vote of @boomerang is worth $ 4.43.

Boomerang Voting Strategy

Boomerang votes 10 times a day with an aggregated vote weight of 100 percent. The voting starts when block-number modulo 2880 == 0. The 100% vote will be splitted between all bids from the previous 2880 blocks.

Example: There are 3 bidders A B and C. In total they send 6 SBD to @boomerang and the 100% vote is valued at 9 $. Bidder C has sent 3 SBD (= 50% of the total 6 SBD), so he will get a 50.00% vote from @boomerang

@boomerang will send refunds in following cases:

  • a user has sent STEEM instead of SBD to @boomerang
  • the provided memo is invalid

SBD Distribution

@boomerang will distribute the SBD 10 times a day (directly after every voting round) to the STEEM POWER Delegators. The payout is distributed in proportion to the amount of the SP delegation.

Example: 4 users have delegated in total 10000 SP to @boomerang. If user C has delegated 1000 SP to @boomerang, he will get 10% of the total SBD distribution.

Curation Rewards Distribution

@boomerang will distribute the curation rewards depending on the total amount of SP delegations, for details see the table.

The more STEEM POWER is delegated, the higher the share that will be distributed to the delegators. Future changes are possible.

The curation rewards will be distributed once per week. As curation rewards are STEEM POWER, @boomerang will permanently be in power down mode to get transferable STEEM tokens.

@boomerang was initially created with 500 SP, the power downs of the first weeks will be used to release these 500 SP. After that phase, the curation reward distribution will start.

Curation rewards will be distributed depending on the amount AND the duration of the SP-Delegation. The duration is the number of voting rounds the delegated SP was available for voting.

Example: 10 STEEM are available for distribution. SP-Delegator B has delegated 2,000 SP which were used for 300 voting rounds. The product of 2,000 SP and 300 Rounds is 600,000 which is 12% of total 5,000,000. That’s why user B will get 1.200 STEEM (12% of the total 10.000 STEEM).

If a user revokes his delegation and does not delegate within one week, this user will lose his loyalty bonus. If he delegates again later than one week, he will start at 0 regarding the curation reward distribution calculation.

How to join

If you want to join the @boomerang bot, just delegate any amount of STEEM POWER to @boomerang. You can do this by using the Vessel Desktop App from @jesta, or via steemconnect from @busy.

Recommended would be steemconnect, because in steemconnect one can easily increase the amount of a SP delegation, which is not possible in the current version of Vessel.

To learn more about SP delegation with steemconnect, read this excellent tutorial written by @timcliff.

https://steemit.com/delegation/@timcliff/tutorial-how-to-delegate-sp-to-another-user-using-the-steemconnect-tool-from-busy-org

How to exit

If you want to revoke your SP delegation to @boomerang, just delegate 0.000000 VESTS to @boomerang. After 7 days the SP will be available in your wallet again (they are blocked for one week after revoking the delegation to avoid double voting).

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Interesting project. The interesting thing is that the SP delegators get a cut of the action, unlike the PAL minnows channel where delegators don't get anything back.

·

Yes, that's the main idea behind @boomerang, to give the average Steemian back as much as possible without the need to run his own Dr. Otto bot.

Sent $ 2 to several posts
Upvotes gave for $ 0.2 on each post.
10% !!!
Worst result of all bots!!!

·

Hello @chance777, please take in mind that this is a bid bot. One round of bids is aproximatively 2.4 hours. It is also stated in the Whitepaper, that al the bids in a round will receive the coresponding share of the vote like in the example on top where 6SBD bids are getting votes from a pool of 9USD. Also the other way around applies, if there are bids with a total of 10SBD and only a vote of 5USD is available, than you will get less. As you put in over 11SBD for a round that had 4USD payout, without taking the other bidders in account, you already have lost money. It is the same principle as it is for all the bid bots. Try to put 11SBD into lovejuice, discordia or other bid bot.
The best practice is to check the vote power as it is described in the post and than check how many transfers have been sent, than for a round, bid only for one post as it will give you a bigger payout. The more bids the less you get, fewer bids in value, you get more.
Hope that this will help to understand the bid bot in general.

·
·

Ok

·
·

i had read all next time I will do for more ☺

·
·

Hi, how do I see how many bids have already been placed and for what amount for each round?

best of luck with the project... upped, resteemed, followed & used :)

·

Thank you for your support! Much appreciated! Stay tuned for my latest posts to have the opportunity to find out interesting things that happened to me.
Once again, thank you for support

Great Idea we upvoted this 100% we love the idea of Boomerang!

·

This is exciting, I'll try it myself and see what could be the result...thanks @boomerang in advance.

·

Thank you very much @adsactly

Sounds interesting. I will try this out.

That's an insane & amazing idea!

·

Thank you very much @jwolf.

good luck..... great project

·

Thank you @homeartpictures. Nice that you supporting the project with your delegation.

·
·

I like that...

Great project you've started. I'll be delegating some SP your way later today.

·

Thank you for your support! I'm glad real people actually started to notice my efforts and read my articles

·

Great. Delegate whenever you want, @boomerang recognises the delegation automatically.

Looks like I'm very interested in this. I will try it. this is very good information for the progress of my account. Thank you @boomerang

Congratulations @boomerang! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Hello my friend!
I love your post, hope you are happy and can succeed in this special world my friend, Give a little time to see my introduction post in steemit, I hope you can see it and can up vote / resteem my posting

·

Hello. I'm glad to find out that you like my post. I hope to succeed to proper develop on Steemit platform and to write better and better articles. I will sure be checking your introduction post and your blog. Thank you for your support!

This post has received a 22.45 % upvote from @booster thanks to: @alexvan.

Ein wirklich sehr attraktives Angebot sowohl um andere Autoren zu unterstützen als auch zum selber mit einsteigen als Investor.

This is running the Dr. Otto bot. I really like this type of service because the bidders determine the cost of the service and its profitability. Thank you boomerang for adding another upvote option to steemit.

Here's an useful tool for determining ROI during the current voting cycle of any Dr. Otto based upvote service:
https://rawgit.com/msg768/mysteemit/master/bidder.html

·

@boomerang operates similar to Dr. Otto bot, but is completely new code.

·
·

good to know, the dr otto ROI tool does work with boomerang. I've tested it.

upped and resteemed! Great Project!

thank you so much i got o.o3% of upvote from you.thanyou so much.

·

There were much bigger bids than yours, that' why the vote weight was only 0.03%

·

You welcome

Congratulations @boomerang! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Welcome to Steemit! I wish you a good days and inspiration to create in our community! Please follow me as i follow you :)

Hopefully a case of every little helps, cheers!

great idea. upvoted and resteemed

Wow the idea is awesome! Keep going my friend

Nice concept, but how do you make a profit? From what I read, you are giving everything back to the delegators.

Another great project to help the minnows. I'll be checking you guys soon.

Welcome to Steem @boomerang I have upvoted and sent you a tip

·

We love you botty!

👍👍👍🚀

wow geaat

Curation rewards will be distributed depending on the amount AND the duration of the SP-Delegation. The duration is the number of voting rounds the delegated SP was available for voting

I have delegatet some SP and after one week I delegatet more:
In 2 weeks or so I Delegate more
How counting this?
After the Delgation update the Counter of voting rounds starting again?

nice idea thank's

Fantastic

@boomerang what happens if I Gift you 10000 SP delegation from minnowbooster do I get the SBD back or Minnowbooster does?

·

Minnowbooster will get it as he is the delegator.

Hi I sent 1 sbd 2 days ago for upvote and i'm still waiting for an upvote? (https://steemit.com/steemit/@pml2020/10-steemit-commandments-by-pml-a-simple-formula-for-steemit-success)

·

Hello, vote has been casted:

hy, i delegated to you steem power when i recive the rewards?????

·

Hello @steemisthebest, you delegated 2SP, the amount of your share is at the moment under 0.001 SBD, when an amount will be build up to be sent(0.001SBD), you will get your share. Thank you for your question.

Great project, I'm curious how it will work out.

Love this project. Good job @boomerang

·

Thank you very much @adly.jailani

Best of luck @boomerang I also tried you once. Expecting more from you in future.

please upvote me i am new please please @boomerang
upvote me please @shaikatkm

·

Followed and Voted. waiting for your response please i am also new .

Great idea. I will try it soon because I am new at steemit. Followed and hope for vote please. Thanks.

thanks for your information :)

thanks for your information. nice post...

@boomerang. Thank you for the offer, we must use it!

@boomerang i want to delegates my 5000 sp to your bot but can i know how much in a day ,i will get return as profit and after delegation ,shall i still get upvotes with same value?

Hi there. I created simple page where users can check sum of bids that @boomerang received so that you dont' have to manually check the wallet. You can find it at http://vetercek.com/steem/index.php. I also wrote short blog post about it at https://steemit.com/steemit/@jaka87/boomerang-bot-roi-tool. I hope users will like it and find it usefull.

1KsZHGPcYSgjsQvywCSr7MYWGXZ6eWUiSh