@tipU Investors Update: Choose If You Want To Receive Payouts In SBD, STEEM or Both :)
Hi guys, a neat update today, especially considering the bear market. In short - as an investor you can choose in which currency - STEEM or SBD - you want to receive the payouts in. Of course you can still receive both.
Now, the reason that @tipU pays to investors (SP delegators) in both currencies is because vote buyers use both to make payments. Those payments are then distributed to SP investors according to their share (no fees are taken by @tipU).
Recently I've made a simple trading bot that operates on the internal market and can automatically exchange any amount of one currency to the other (SBD <-> STEEM). It's still in testing, more about it here.
I figured out that some investors would like to receive the payments only in one currency so I've implemented the bot into the payouts system.
Setting In Which Currency You Want To Receive The Payout
As with all @tipU commands, simply send 0.001 SBD to @tipU with one of the following memos:
- pay in sbd - your next payouts will be paid only in SBD
- pay in steem - your next payouts will be paid only in STEEM
- pay in all - your next payouts will be paid in both concurrences (by default)
Payouts
So, for example, if you set you payouts to be paid in SBD, the SBD part of the payout will be paid normally and the STEEM part will be exchanged for SBD and than paid. Information about the exchange rate will be added at the end of the memo (basically it's the same as current rate on the internal market).
Please note that it works well with the auto-reinvest so only the non auto-reinvested part will be exchanged.
Use Cases
Things that come to my mind - you may want to receive the payouts only in SBD if you prefer more stable currency. Receiving payouts just in STEEM is a good option if you want to accumulate it, knowing it's price should go higher soon.
Other Commands
Here's the list of other commands that investors can use to interact with @tipU service:
- status - sends back information with investor's stats (amount of delegation, pending payout etc.)
- reinvest X - where X is any number between 0 and 100. Sets the percentage of income that will be auto-reinvested
- refund - sends back any SBD and STEEM that were invested or re-invested by the investor
- refund steem - refunds only the STEEM part
- refund sbd - refunds only the SBDpart
- payout - sends to investor any pending payout (normally the payouts are done every 24h)
To use the command, simply send 0.001 SBD to @tipu with the command in memo.
SWAP Bot
If you would like to exchange any amount of SBD to STEEM or vice versa, send SBD/STEEM to @tipU with memo: swap
I will make another post announcing this functionality later on, feel free to test it :)
wow,this is fantastic @tipu
That was an awesome improvement chosing best token.
steem or sbd think now guy's!😂
meep
they are coins man, not tokens
@tipu profit for 100 SP @cleverbot & @banjo you know?
Yesterday 100.0 STEEM POWER delegated or invested gave payout of:
0.003 SBD + 0.035 STEEM (0.03 USD), APR: 14.19% .
Delegation link: steemconnect 100.0 SP delegation to @tipu.
Please note the profit depends on STEEM price. The higher the STEEM price, the more SBD profit is being generated.Yesterday 100.0 STEEM POWER delegated or invested gave payout of:
0.003 SBD + 0.035 STEEM (0.03 USD), APR: 14.18% .
Delegation link: steemconnect 100.0 SP delegation to @tipu.
Please note the profit depends on STEEM price. The higher the STEEM price, the more SBD profit is being generated.WOW.
Very good but now steem price drop and the profit is small.
Because cleverbot is where lonely people go to talk to a robot generating chat.
What is your prediction for steem in next 5 years?
Please get back on track. Tell me how you think.
Steem is a good buy under 0.70$ ?
I don't care about your life enough to give you advice.
@tipu status
Hi @cryptos999! Here is your @tipU service user data:
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@tipu profit for 6182 sp
Yesterday 6182.0 STEEM POWER delegated or invested gave payout of:
0.177 SBD + 2.639 STEEM (1.93 USD), APR: 17.05% .
Delegation link: steemconnect 6182.0 SP delegation to @tipu.
Please note the profit depends on STEEM price. The higher the STEEM price, the more SBD profit is being generated.@tipU refund
Please send 0.001 SBD to @tipu with memo: refund
If you have an investment.
How do I get back or at least vote with the deposit for sending tips of 1SBD?
Emm... If you made deposit with 1 SBD and want to receive it back, send 0.001 SBD to @tipu with memo: withdraw
Thanks, done and it worked, maybe you should add this command to the list above
But this is a command related to sending tips, not investing :)
profit for 5 SP
This post is supported by $11.59 @tipU upvote funded by @cardboard :)
@tipU voting service guide | STEEM Monsters Lottery | For investors.
@tipu reinvest 100
Hello @cardboard, Love the feature first of all, this will keep me from having to withdraw sbd just to transfer it to steem and then reinvest.
One weird thing when I did the 'pay in steem' command was that @tipu sent me an errant payout message. Block: https://steemdb.com/block/25775106 tx ID: 90356fc0dcbef4acfd9b744325d460c0621b4dd2
This message HAS to be for someone else because I don't even have 1kSP to delegate, plus I have reinvest on. It's not that concerning because a 'status' confirms my account seems to be correct, and I didn't receive this person's payout, only 0.001sbd. Just thought it was worth a heads up.
Also small typo in "(available optios:" missing the 'n' in the status update message.
Thanks for your work!
After a payout it still shows the SBD amount in the status, not sure if it converted.
When you have reinvest at 100%, @tipu still sends 0.001 SBD/STEEM to send the payout statistics. Combined with pay in STEEM or SBD it causes a little problem. Should be fixed now, when reinvest is at 100%, @tipU won't convert STEEM/SBD (don't have to since both of them are all reinvested).
That's weird, will check it out :) Probably only the memo was carried out from some other transfer (didn't get updatet).