@tipU Guide #4 - Sharing the Profit Explained

in steemit •  last year

Hi there!

Welcome to the fourth tutorial explaining @tipU service - this one will explain how and why @tipU shares it's profit.


Please feel free to check out previous guides:
#1 Making deposits and withdrawals
#2 Sending tips with @tipU
#3 Checking your balance and other useful @tipU commands


How @tipU shares the profit

On daily basis @tipU checks it's SBD balance and compare it to the sum of all deposits. If the difference is positive and greater than 20 SBD, 50% of that difference is divided and added to users deposits. To make it as fair as possible, the added value is proportional to the deposit. So everyone gets for example + 1% of their deposit: if your deposit is 1 SBD - you get 0.01 SBD, if your deposit is 100 SBD - you get 1 SBD. The other half of the profit is used to buy and lend steem power, use Promote functionality and other services that helps to promote the service.

The 20 SBD threshold is implemented to ensure that also very small deposits will earn at least 0.001 SBD. If the service would try to divide, let's say, 0.10 SBD, only biggest deposits holders would earn the interest.

I like to think that the higher the deposit is, the more willing the user is to spend it on sending tips - but of course it's not always true and doesn't have to be. If you want, to can treat @tipU as a SBD bank, keep there your SBD and not send any tips at all. But sending tips is fun so I'm sure that soon or later you will share some love ;)

@tipU will inform you about each deposit increase with a message like this:

The service could send the profit share directly to the user instead of increasing the deposit (which you can withdraw at any time you want) but I think that increasing the deposit encourages to send more tips. If you have different opinion on this matter, please let me know :)


Where does the profit come from

  • posting - currently I'm finishing series of guides for @tipU - next series will be about useful steemit tools and then most probably series of tutorials on how to build your own steemit app. Generally useful stuff, no spam
  • upvotes of @tipU comments - steemians and @tipU from time to time upvote tip comments
  • investment in @minnowbooster - delegating SP to @minnowbooster and other users trough the SP delegation market - which gives daily payout
  • donations

Please keep in mind that users deposits are not being used for any investments - so the task to earn SBD rests only on @tipU shoulders :) I met suggestions to invest some of the users deposits (like real banks do) but I can't see any investment opportunity on steemit.com that would justify the risk and transferring SBD out of steemit to, for example, exchanges is too risky as well.


Why share the profit

  • I really like the idea of paying small dividends to the investors (although deposits are not being invested) - I wish more services would do that on steemit.com - the only other I know of is @minnowbooster
  • It helps to spread the SBD reward more evenly across users, which in my opinion is better for steemit ecosystem, than hoarding it all under one account - especially when the success of the service depends on the community
  • Hopefully earning interest encourages to send more tips and share the SBD reward even more

If you have any questions, let me know in the comments. See you next time!

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:  

Hi @tipu, the service doesn't work for me. I get the comment and I loose balance but the upvote is missing.


Test 1:



Test 2:
tipu2.jpg

·

@tipU sends tips but does not upvote. For now at least.

·
·

Ooooooh, I see. I totally got that wrong. That's cool because then 100% of the tip lands where it should and will not be split. Cool.

·
·

That's certainly worth a tip!

@cardboard got you a $1.64 @minnowbooster upgoat, nice!
@cardboard got you a $1.64 @minnowbooster upgoat, nice! (Image: pixabay.com)


Want a boost? Click here to read more!

Definitely worth an upvote and a resteem :]

·
·

Hi @katesmith! You have just received a 0.1 SBD tip from @molometer!

@tipU - send tips by writing tip! in the comment and get share in service profit :)
If you wish to learn more about @tipU sharing profit feel free to click here.

hi @tipu do you accept steem ? and is the interest paid in sbd?

I am bit skeptical with regards to a crypto investment, since our money is unregulated it may became a scammers haven. And that is not new, in fact the most trusted BTC become one and darkcoin. In this investment scheme, is there proof that you are an investor for each investor or just trust.

·

Erm, investor for each investor?

·
·

tip!
You may have some bugs in your code?
Do you want some help?

I requested a balance and nothing has appeared in my wallet.fixed
It arrived after 50 minutes?

Also the SBD that I transfered?
Those transactions are also gone from my wallet.

Finally the percentages I am getting don't add up correctly?

Your thoughts?

·
·
·

Let me check that :) as for the delay, sometimes steemit nodes got a hickup.

·
·
·

Can you show me the missing transfers? You can see all @tipU transfers here:
https://steemit.com/@tipu/transfers
Search (ctrl + f) for your nick to check all your transfers to @tipU.
Looks that all your transfers were confirmed.
Remember that sending tips lowers your deposit by tip amount (0.1 SBD usually).

As for percentages - this is your last profit update:
Profit share from @tipU: your deposit was increased by 0.208 SBD (+0.65 %). Your total deposit now: 32.053 SBD.
0.208 / 32.053 = 0.00648 -> 0.65% - looks OK.

·
·
·
·

Yep @cardboard tipu is functioning. The delay in the tips appearing is still happening?
Anywhere from 10 minutes to an hour?
Could just be traffic congestion I guess?
You can get me on steemit.chat @molometer

·
·
·
·
·

Its about 5 seconds :) remember that you have to reload the page to see new comments.

·
·
·
·
·
·

Der!..I know lol

I've left tips and refreshed the page several times, sometimes I go to look at other posts and come back anywhere up to an hour later and it hasn't arrived?
I'll keep using tipu and start a proper log so we can investigate better.
Great fun lol
tip!

Posted 12:50-Now 12:55 no tip
And there it is at 12:59

·
·
·
·
·
·
·
·
·
·
·
·
·

Hm, in both cases you used tip as last word in last line. Probably something with html formatting - will chceck it out, thanks!

·
·
·
·
·
·
·

OK, done some improvements - please feel free to check now:) I'll start
tip!
edit: seems to work:) But posts and probably also comments may be formated in markdown, editor or raw html so I just need check every possible situation.

·
·
·
·
·
·
·

Hi @molometer! You have just received 0.25 SBD tip from @cardboard!


@tipU quick guide | earn interest in @tipU profit

·
·

Hi @cardboard! You have just received a 0.1 SBD tip from @molometer!

@tipU - send tips by writing tip! in the comment and get share in service profit :)
If you wish to learn more about @tipU sharing profit feel free to click here.

·
·
·

wow great!

·
·
·
·

May I try also? Just replying tip!

·
·
·
·
·

Beep beep. Hi @cloudspyder!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!

·
·

I already read more about @tipU and it promises a good return. Sorry for being skeptical a moment ago! But I just realize this is one of the good investment!

gana try this soon =D

·

Please do :)

I can confirm that it works - been using this for a couple of days :-) tip! post

·
·
·

Beep beep. Hi @cloudspyder!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!

Thanks for clarifying man! Love it!

UPVOTE THIS POST

This is great idea..............upv & rsd 😊

Very nice service. Couldn't agree more with what you say. Amazing program/work. Thanks for the support :D

So, without diving too deeply into this... this seems like a great service. It's pretty exciting that developers are developing things that increase community engagement in such a user-friendly fashion. Just writing words solves things! Though now I have to be careful not to say the secret word if I don't want to use the new function...

tip!

Congratulations @tipu! 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!