Upvote Bot Updates 4/11/18
Hi guys, I just want to give you a quick update regarding the @brandonfrye upvote bot service. You delegators (and future delegators) are going to absolutely love this! Today I've personally invested another $3,300 into the upvote bot and @minnowfund initiative to better prepare us for massive growth ahead. So let's get to the details...
Higher Delegation Payouts
Okay, you're probably most interested about this so I will announce it first. Although I've received much praise for the incredible returns people are getting from delegating to the bot, I knew that at some point I wanted to increase payouts even more... as long as it didn't negatively impact @minnowfund.
Today I'm happy to report that future payouts (starting tomorrow) will be increased from 80% to 85%!!
I want to make sure that I look after those who have invested in me, my upvote service, and the @minnowfund initiative. Without you guys, we wouldn't be able to help new users each and every week. Speaking of MinnowFund, it will still get it's 10% of all bids coming in. But I have decreased my personal payout from 10% to only 5%. This wasn't an easy decision because I had to calculate what impact this could have on my ability to continue financing the bot. I spent all last night and today running through the numbers, and I've come to the conclusion that these changes make sense and are sustainable.
How Can I Delegate And Earn Passively?
If you would like to support the @minnowfund, and earn 85% of the profits in daily SBD and Steem payouts, please consider delegating to the bot. Your support goes a long way here! Simply go to https://steembottracker.com/delegation.html and insert your username, click Load, add @brandonfrye as the Delegatee, and insert the amount of delegation.
Note: I recommend delegating a minimum of 50 SP.
Increased Steem Power Delegation
Also, just this week alone I have added another 12,290 SP of delegation to the bot, bringing us to a total of 33,520 SP. This is huge! The bot's upvote has increased by over 50%!! My out-of-pocket cost for this delegation was around $2,800 but should be easily recouped in the long run as the blocktrades delegation payouts are being paid back to me and being recycled into more delegation. It's a never-ending cycle lol. 🙃😀
MinnowFund SP Increase
While I was on a spending spree today, I decided I may as well go ahead and add some more SP to the @minnowfund. So I increased it's SP from 64 to 270 which will allow us to fund four minnows with 50 SP over the next few weeks. Yes, this means that I will be increasing the delegation to minnows to 50SP!
One thing I've noticed is that, until the bot has increased in value a little more, I'll personally need to fund this initiative to make up for what we're lacking in bid payouts. That's no problem though; I'll make sure that the initiative continues to be funded. And at some point it will become completely funded and maintained by the upvote bot service.
Upvote Bot Blacklist & TOS
As of Sunday 4/8/18 we now have a Terms of Service for the upvote bot and an active blacklist which I am adding new users to every single day. It's a time-consuming process of manually going through and checking out each individual post, but I'm doing it for the sake of making Steemit a better place for everybody. You can learn more about our TOS and Blacklist here.
Increased Minimum Bid Amount
It's been a while since I changed the minimum bid amount for the bot. I really don't like to mess with this much as people tend to become familiar with our bid prices. I really don't want to confuse them too much. But today I did increase the minimum bid from .10 SBD or Steem to .15 SBD or Steem. With a 50% increase in voting power it's only fair to increase the minimum bid by 50% as well.
EDIT: I decided to move this back to .10 SBD or Steem so that the bot would be available to more people.
Those are the updates for this week! If you have any questions about anything, please let me know in the comments below. But I'm looking forward to a bright future with everybody here on Steemit!!
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