Introducing the Leo Bid Bot Sink! | Delegate & Earn Passive LEO Each Day + Help the Steemleo Community By Burning LEO Tokens

in #steemleo4 years ago (edited)

Screen Shot 20190712 at 10.51.09 AM.png

The Leo Bid Bot sink has been in the works for a little while. We were waiting to release it until 1 week after launch and here we are, as planned.

You thought Steemleo was good? You thought the LEO economy couldn't get any better?

Think again! This is the 2nd LEO token sink of many! (first token sink is post promotion on the website by sending tokens to @null to get on trending). We have more ideas in the pipeline as well.

A Bid Bot That Improves Steemleo

Most people hear bid bot and they think negative. They think of something that hurts the overall economy and they are reminded of the content indifferent voting bots hanging around the Steem ecosystem and pushing up irrelevant content to the top of trending.

The Leo Voting bot is not an ordinary bot. It recieves bids in LEO tokens and then distributes those tokens to SP delegators while simultaneously burning it's proportion (based on the bot's native Steem Power -- currently ~20,000SP and rising fast).

By burning tokens (sending them to @null), you reduce the supply of LEO. Combine that with a stable (or increasing) demand for the token and prices will rise over time. The most basic principle of economics in action.

Sending LEO to the bot will give you STEEM POWER votes that are worth only STEEM/SBD and NOT LEO. This way, we are able to distribute value for the tokens received and not affect content discovery on #steemleo and The voting bot is set to 0% - 20% profitability (it won't calculate and distribute a negative ROI vote).

How to Use the Leo Voting Bot?

To use the voting bot, just follow these simple steps:

  1. Post your awesome piece of content on Steem (doesn't have to be under the #steemleo tag)
  2. Copy the link to the post (On steempeak/busy/insert-interface-here)
  3. Send LEO to @leo.voter WITH your post link in the memo field (don't send to any account other than @leo.voter!!!)
  4. Get an upvote from the bot!

The bot is also visible on Go there and you can see all the voting bots and then you can look for us in the list. There is also a button at the top with the Steem-Engine logo. If you click that button it will display only Steem-Engine token voting bots and will make it easier to sort through the list.

How to Delegate to the Bot and Earn LEO Payouts Daily and Passively

It's simple! Just delegate SP to the voting bot account (@leo.voter) and then you will receive LEO payouts daily based on the amount of SP you have delegated.

Many will ask: "how much will I make delegating to @leo.voter" -- the answer is... we don't know.. yet. As the bot gets up and running we'll start to get more concrete figures and we will definitely be posting those concrete figures in the days/weeks to come.

Are There Any Bonuses for Being an Early Delegator to The Leo Voting Bot?

Hmm.. Funny you should ask!

We're doing a bounty program for anyone who decides to support the LEO economy by delegating to the voting bot.

All delegators (who delegate within the next 7 days until this post pays out) will receive a BONUS of 0.1 LEO to 1 STEEM POWER based on SP delegated.

For example, if you delegate 2,000 SP to the Leo Voting Bot, then you will receive 200 LEO on top of the regular daily payouts.

These bonus tokens will be sent in 8 transfers -- 1x a week for 8 weeks following the payout of this post.

For example, If you undelegate 4 weeks in, then you will have only received 4 weeks worth of your total bonus.

If you have any questions about this program or about the Leo Voting Bot, just drop them down below and we'll answer them as quickly as possible. You can also hop in our discord channel and chat with us there too!

Introducing the Leo Bot Sink!

leo bot sink infographic final.jpg


#steemleo - A Next-Generation Community for Investors


Steemleo -- Blogging Platform
LeoTube -- Video Platform
LeoPeak -- All-In-One Interface


Wow. This is super awesome to hear about

Glad you think so! We think it'll bring a lot of value to #steemleo ;)

I'm ok to delegate but sorry my friend, I need at least to know how much Leo I will receive for each 1k delegated. This is the minimum info before invest.

That's fair. It's going to fluctuate because of the dynamics between the LEO price and the STEEM price.

As of right now, delegators are earning roughly 2.7 LEO per 1,000 SP delegated per day as the normal daily payouts.

In 2 hours (when this post is paid out) we will close the LEO bonus for delegators. The bonus is .1 LEO for every 1 SP delegated.

So if you delegate 1,000 SP, for example, you'll earn (roughly) 2.7 LEO per day from the normal daily payouts and then the bonus is a guaranteed 100 LEO (paid out 1x a week in 1/8th chunks - so 12.5 LEO/ week for 1k - for the next 8 weeks, starting today)

Hope that helps!

Excellent idea, count with some SP from my side

Posted using Partiko iOS

Thank you! It's gonna do wonders for this community and token economy 🧡

you surely got my support ! keep up the amazing work at @steem.leo ... cheers .. already delegated

Freaking BRILLIANT.. a bot that burns the tokens.. a bot that contributes? Never prouder to be part of a SMART community that cares about it's token.

AMAZING! To think I was sitting in Discord and it was still hush hush ;)

Thank you @bearbear613! That's exactly what we're going for! This way we improve the economy and reward users in the process!

You are thanking me? HA! Not going to let this sound kiss-a but I think STEEM should be thanking you.

I guess this is the reason leo is the investment part of steem I love the fact that we’re having more ways to earn and burn tokens! Reducing circulation and providing value is what’s going to set this tribe apart! First of many sinks yet to come im sure

Posted using Partiko iOS

Haha you could definitely say that! We've got a lot more plans for sinks and they are going to blow some minds and burn some tokens ;)

Thank you for supporting, appreciate it so much. Let's build this community to the moon #steemleo 🚀

Yea this is actual smartsteem unlike that other guy 🐺 I'll keep an eye on this for sure. Well done again Leo 🦁

Posted using Partiko Android

Lets take this baby for a spin, delegated 100 SP

While I am not a fan of bid bots, seems like it has been designed more like a contributor rather than simply...a bot.

I would urge you to double check the links before upvoting rounds (if possible) to avoid spam and bad content.

Rapid progress...thumbs up to everyone involved.

Agree. There is a lot of room for improvement in the traditional bot example, this may serve as a viable alternative -- especially if we can come up with ways to increase the ROI of the bot to outperform the others.

Not sure if that's possible, but not against looking into it! Thanks for the idea and compliments ;)

I would urge you to double check the links before upvoting rounds (if possible) to avoid spam and bad content.

Think more of a look after voting would be better. Unvote bad content without a refund, but make sure you have strict guidelines to define bad content.

Awesome, couldn't be better!

Pretty sweet, right? It's gonna be such a value add to the LEO economy!

Great post which lots of cool information.

Not for right now but as my account grows and i get more investors, the time will come and i'll be knocking on your door asking what sort of ROI would delegators receive?

Im loving this steemleo website and i pretty much only run my account through it while using steemit for my personal account. Well done on all you hard work and efforts so far.

Your project is gonna be a hit and we'll be waiting to answer when you come knocking ;)

We appreciate it, thank you for all your continuous support! We are all building something incredible here and it's a great time to be alive 🧡

Thank you for the nice word.

And i 2nd, its a great time to be alive :D

Trying to get that Leo count up for you, fill that wallet fat 😉

All delegators (who delegate within the next 7 days until this post pays out) will receive a BONUS of 0.1 LEO to 1 STEEM POWER based on SP delegated.

You don't stop to surprise us with innovative ideas. This is a great bonus and incentive to do some delegation. Now I have to pull all my remaining SP together. ;-)

Funny people support services and products that are technically against sec regulations, but refuse to support projects who build actual technology for real life users . Weird world.

I don't know what you mean. What is sec and what are you implying with this comment? And why do you call me "funny people"? Did I do something to piss you off? And what is this project of yours that I don't support?

Nah i think you are pretty cool. Just speaking broadly about a small population of users who consistently abuse the Steem ecosystem. "I think it's funny that people support services".. Does the statement make sense now?

Yeah, I guess it does.

Funny sidenote: Gentlebot hit your initial comment. lol

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