Introducing @MinnowPowerUp. Learn how to Power Up the smart way and earn up to 30% more STEEM!
Hello, fellow minnows!
Today we are proud to introduce a new service beta called @MinnowPowerUp - a subscription based daily upvote bot that draws its power from a delegation pool.
By receiving delegated STEEM POWER (SP), one can get more STEEM from upvotes than they could by directly powering up. The idea is for minnows to harness the full potential of their delegated SP by pooling it up with the community in order to increase the potential payout of any single vote and thus bypassing the 10 votes per day requirement. This is the definition of Powering Up Smart!
The price of one share is 4 STEEM, granting You upvotes with 150 delegated SP for 29 days!
How to Power Up Smart?
Delegations is the new way of leasing lots of STEEM POWER (SP) for a limited time. Now this SP can be used to upvote posts with far greater worth than a starting minnow would otherwise be able to. This is all made possible thanks to the hard work of @minnowbooster and the @buildteam who have built the STEEM delegation marketplace allowing for minnows to connect to the whales in the community.
Now lets talk about numbers. Right now, the most beneficial rate at the market is 1 STEEM per 150 SP for 4 weeks, meaning that you have to pay 4 STEEM upfront and then receive 150 SP for the duration of 28 days.
For simpler calculations, lets say You use their service for 20 STEEM and get 750 SP for 28 days. One person can have a maximum of 10 upvotes at full voting power a day. At 750 SP, one upvote is worth $0.10 and thus 10 upvotes would be worth $1.00 ($1.02 actually due to rounding). This means that in 28 days your maximum potential payout is $28 or 25.5 STEEM (Price of STEEM is $1.10 at the time of writing this post). That is an whopping 30% more than the 20 STEEM you put in. Lets recap:
- 20 STEEM --> 750 SP --> $0.1 * 10 votes * 28 days = $28 --> 25.5 STEEM
We encourage you to check the validity of these calculations using this upvote calculator.
When you power up through the steemit system, you are trading away your STEEM for SP at the rate of 1:1 - that is 20 STEEM will earn you 20 SP. But when you are only posting 100% powered up posts and self-voting using delegated SP then you can think of is as another way of powering up, but with interest.
This is how you power up smart!
- Delegations can give you a lot of SP for small amounts of STEEM
- Upvoting with delegeted SP will give You up to 30% more SP than regular powering up
Why use @MinnowPowerUp?
The problem with the aforementioned calculations is that it requires You to make 10 posts per day and upvote them exactly at 100% voting power. This is not humanly feasible unless you make a lot of useless posts and sit at Your computer 24/7. We all need to sleep ;)
This is where the idea of a delegation pool comes in. @MinnowPowerUp will pool the delegations of multiple users together and thus will reach the level where each user will only have to post once a day and get the full days worth of upvotes with a single vote. Pooling up delegations is the only way to reliably realize the full power of your delegated SP!
In addition, @MinnowPowerUp will only make 100% powered up daily report posts with all the proceedings going into the SP pool. This means that over time our upvote worth will only go up and you will earn even more with each day!
@MinnowPowerUp is also an upvote bot which means that it can maximize the voting power of an account for 24 hours a day. By subscribing to the service, you can be assured that your posts are gonna get upvoted at the right time without the hassle of keeping your eye at the voting power meter.
But maybe the most useful benefit is that Your own voting power will remain untouched keeping You free to upvote Your friends and favorite steemians. This means that You can keep on engaging with the community as You always do without the need to change your voting habits.
- By pooling up delegations, You can receive Your full delegation value with only one post per day
- @MinnowPowerUp reports will be 100% powered up and add to the pools total
- Using @MinnowPowerUp upvote bot guarantees optimal voting power while leaving you free to contribute to the community
How does @MinnowPowerUp work?
The basis of @MinnowPowerUp is a share based subscription system with the minimum cost of 4 STEEM per 1 share for 29 days. All the received STEEM is forwarded to the @minnowbooster delegation marketplace to add Your delegated SP to the pool.
Each day (starting at 00:00 UTC) the bot will calculate yesterdays total shares and assign an upvote weight based on the number of shares You have bought. This daily "reset" is necessary to assure that the bot can manage its voting power accordingly and keep things fair for everybody no matter at what time the share was bought. Then it will go over all of yesterdays posts and comments (with blog posts preferred) and starts to upvote them in randomly chosen order. Keep in mind that due to the daily nature of the bot, only posts made a day prior are voted on.
Every share is valid for 29 days. The reason for this is because the delegation marketplace orders are not instantly filled and take up to, on average, 1 day to be executed. Thus the 29 days is calculated based on the 28 day delegation with 1 day delay. This means that You are expected to get the value of Your delegation spread over 29 days as other users will receive upvotes with Your delegation on their extra day and vice versa.
Right now, there are no plans to enable different delegation lengths as 4 weeks is most commonly used, but it is something that can be considered in the future.
The order of chosen posts are selected randomly to promote fairness due to market orders. As it can not be predicted when a market order would be filled, the worth of votes later in the day would usually be higher than the earlier ones. The random order would make it as a small lottery who gets to go last.
Finally, each day the bot will upvote its powered up report post with 50% weight to ensure that the SP pool is always growing and attract more people to the system. As this is a fresh launch, our target voting power is set to 99% to ensure that everything works smoothly. This can be increased in the future.
- @MinnowPowerUp will upvote Your posts based on the number of shares bought
- 1 share costs 4 STEEM and gives You 29 days of upvote subscription with 150 SP delegated power added to the pool
NB! As an launch gift, @MinnowPowerUp has acquired a modest delegation of 750 SP for the first 28 days, free of charge!
How to use @MinnowPowerUp?
Using @MinnowPowerUp is very easy and made in a similar vein to @minnowbooster. To buy shares just send at least 4 STEEM to @MinnowPowerUp. No memos needed. Just open your wallet and select transfer:
![t1.png](https://steemitimages.com/DQmVYUPAai2x6jHoD78HFyMDufkyXaYHptf7G8VBjiKbXn5/t1.png)
Then enter @minnowpowerup as the recipient and insert the amount of shares You wish to buy multiplied by 4 in STEEM. Keep in mind that one share costs 4 STEEM and the shares are not dividable:
![t2.png](https://steemitimages.com/640x0/https://steemitimages.com/DQmNbgi77xLoKuJV4GnKceXaUWNinJaxJTCHwKLfCZvsbxL/t2.png)
Although You can not buy fraction of a share, we will reimburse everybody who have sent us an amount not dividable by 4 so You don't need not to worry about it that much.
In addition, You can queue up your favorite posts from yourself or Your friends by sending us 0.001 SBD with the memo: "Post-steemit-link" (e.g. memo: "https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta"). Please send only 1 link per transaction. This option can also be used to tip some of Your favourite posts with Your delegated SP. The only requirement for this feature is that You have bought valid shares with us. On the next day, the bot will prioritize its upvotes on these featured posts.
Some caveats
So these are some things to watch out with @MinnowPowerUp:
This service is mostly targeted at minnows. It is not a get rich quickly scheme. All of the delegations are at the mercy of the delegation marketplace and the amount of SP people are willing to delegate. So sending 1000 STEEM in the hopes of large returns may not work as the order might not be filled. We would like to start growing the pool small and then see about finding dedicated delegators.
On the same note, if you wish to use @MinnowPowerUp as a self-voting tool, then you might want to fill these marketplace orders yourself to get your STEEM investment back!
The promised 1 post per day is only valid if You own less than 10% of the total shares for the day, as it is impossible for the bot to vote with more than 10% daily voting power on one post. Therefore we have also enabled upvoting on comments so that You can leave couple of extra comments and still get all the upvotes. This will be most crucial at the beginning of the project as we expect only few new subscribers per day. Make sure to promote @MinnowPowerUp so that the total number of users would grow more quickly and the votes would be spread out more evenly. To see the total number of shares bought, check out @MinnowPowerUp daily summary post about some statistics on the pool.
Due to the daily nature of the bot, only posts from a prior day will qualify for upvotes. This means that, as a new minnow, You are encouraged to engage daily with the community!
![logo_uus.png](https://steemitimages.com/DQmeuZGpa8di2R3gFgWfawEYpzbvVJAhto3xo2LiHmhUtFZ/logo_uus.png)
Although @MinnowPowerUp is strictly an upvote bot like @randowhale and @minnowbooster, we hope that the subscription based system would be something new where the post values are more evenly distributed and thus make Your presence in the steemit community more noticeable. You can also use this service as Your private tipping pool by sending in Your favorite posts and spreading the love.
Nice idea
Good info! Thank you for sharing. Resteemed.
Let's see how this thing works! Signed up with 8 STEEM
I'm going to try it also.
I a little bit confused
If I send 20 STEEM, will I get 750 SP in my wallet or where will the 750 SP be.
The 750 Sp will be in you steem power. Yes it will be in your wallet, but not under "STEEM." You will be sending the transaction from your balance from STEEM. But what you get from minnoupowerup will be under STEEM POWER. This is how i understand it, but this post sure as hell was confusing so i might very well be mistaken.
It's actually not that complicated at all. The SP will be in our account and delegated to us. We will use this SP to upvote Your posts. Your post rewards will be then given to You as SP (if you are making 100% powered up posts) or shared between SP and SBD. The total amount You receive by the end of 29 days will be ~30% more than You would have received by directly powering up.
Even though, the SP is in our account, it can be counted as Yours because it will be used solely to upvote Your posts
Thank You for being the first tester. Keep us updated how well things are running
Received a message that yesterday I earned upvotes worth of $1.16. Checked it out on steemnow.com and everything seems to be correct. I'm pretty happy about it.
Glad it worked for you. I would like to try and it's good to hear a + report!
My head is spinning.🤔 I'm goin to have to read through this and take some notes. Lol. Thanks for the great info.
Take Your time, this service is starting today at 00:00 UTC. We already have one subscriber so You can check out how it works and decide for yourself. Will upvote one time free on the house.
hmm sounds interesting - let me see how many steem I have. sounds like maybe this could work pretty good. Seems like a supportive chance to get moving!
That's the idea behind a pool, once it gets moving it's easier to make bigger votes on your work.
Poor me, I even have no STEEM to upvote newbies.
The moment I remembered an old saying:" the more big ability, the more significant responsibility. I think here to change the sentence to be the more STEEM, the more upvoting.
I couldn't help it. Haw-haw.
I think you should make a new post with revised profit calculations sine the price of STEEM is currently $1.45
Do You think it is needed?
Because in all of these calculations, the price of STEEM is not important, as in the end it is reduced out of the equations. The price (in dollars) of an upvote is actually calculated based on the price of STEEM and your earnings are all paid out in STEEM (because SBD is also tied to STEEM). So whatever number is used for STEEM price, the end result will always be in the actual amount of STEEM.
If You think a new post is needed, we will be happy to show these calculations in more detail.
Thanks very much, i think i'm kind of getting the hold of it, but the calculation in more detail will definitely be more helpful!!
Cheers!!
Hope this new blog post helps:
https://steemit.com/steemit/@minnowpowerup/how-are-our-profits-calculated
In addition, You can queue up your favorite posts from yourself or Your friends by sending us 0.001 SBD with the memo: "Post-steemit-link" (e.g. memo: "https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta"). Please send only 1 link per transaction.
Did it
I did not understand this part.. what do you get when queueing your post or your friends? Do they get upvoted as well?
Yes this is great!! Thanks very much!!
Nice concept man, especially to people who really gave good content posts here. I will certainly join in once my transferred STEEM arrives tomorrow. Upvoted this.
Welcome aboard. We have been running for almost a day now and everything works well, have upvoted for more than $1 now as the delegation for @kromosoom arrived during the day.
Interesante, muy bueno, yo me anoto en esa.