Introduction to Rewards Pool

rewards-pool (67)in #steemsilvergold • 6 years ago (edited)

What is @rewards-pool?

Rewards pool is member based vote bot with a twist. 8 members will be randomly chosen out of the Pool each day and receive a 100% Upvote from the @rewards-pool account. In this post you will read everything you want to know about @rewards-pool, how it all works and our game plan till the first 100 members.

Our Mission

To help big and small accounts alike. Whether your a whale looking to put some extra SP to work or a minnow trying to seek out a fat upvote rewards-pool can take you there. With enough membership and support we can make this upvote go from a big splash to a tidal wave

Growth

To start we are securing a 10,000 SP deligation for opening day. It is our hopes that through curation and @rewards-pool post payouts we can greatly increase this. The goal right now would be to secure a 20,000 SP deligation within 3 months hopfully sooner. It really all lies in how much support the @rewards-pool community gets from its members. If you want to see those upvotes get even bigger please Upvote the @rewards-pool post daily.

Statistics

I crunched some numbers at current prices on May 7th. Now keep in mind the payouts can flucuate as the price of steem goes up or down. This would be the very conservative figure as I did not add in the curation or the @rewards-pool post pay outs that will all be converted into power and/or used for deligations. With that in mind the upvotes from @rewards-pool should be a bit higher than what is posted below. When we are able to secure the 20,000 SP deligation the Upvote figure should rise a few dollars. As far as the odds go that will stay the same.

Members	Odds Of Selection	Upvote
10	5:1	$2.89
20	2:3	$3.47
30	4:9	$4.00
40	1:3	$4.62
50	4:13	$5.00
60	2:9	$5.62
70	4:19	$6.27
80	1:6	$6.85
90	4:29	$7.41
100	2:17	$7.98

What is the "Dry Off" period, how does it work and when will it take effect?

The "Dry Off" period was created to give everybody a fair shot and increase the odds for members that were not selected in the previous day(s). Essentially members that were selected for upvote get taken out of the pool for a specified amount of time based on our membership level (View the table below for more info). Below are some key points of the Dry Off period.

The Dry Off Periods Will Not Take Effect untill We Hit 40 Members

After being selected for an upvote your spot is taken out of the pool to "Dry Off" and give others a fair chance at being selected.

If you have multiple spots only the spots selected will be removed from the pool and put in the "Dry Off" period. The other(s) remain in play.

After we have 100+ members the Dry Off will be reviewed by staff to see if its working and/or needs adjustments.

Members	Dry Off Time
10	N/A
20	N/A
30	N/A
40	1 Day
50	2 Day
60	2 Day
70	3 Day
80	3 Day
90	3 Day
100	3 Day (Subject To Review)

How to become a member

To become a member and get in the pool you have two options.

Deligate 250 SP to the @rewards-pool account. You can do so via this link https://helloacm.com/tools/steemit/sp-delegate-form/
We also offer a monthly membership for 10 Steem per month. Send 10 Steem to @rewards-pool

Each 250 SP deligation or 10 Steem per month gets you a spot on the list which is used to pick the daily winners at random. Each member will be allowed a Maximum of 4 spots in the pool but may only receive 1 Upvote per day from @rewards-pool.

Rules

● You must be a member by deligating 250 SP or sending 10 Steem monthly to @rewards-pool to receive an upvote.

● You must have a post no more than 3 days old to receive an upvote upon your account being randomly selected In the daily drawing.

Why Is This Worth it?

@rewards-pool is great oppurtunity because with every member the upvote only increases. Using the "Dry Off" period insures that even with increased membership the odds of selection still stay at a good level. From launch this will statistically be a good deal with our minnimum 10k SP deligation base and member deligations but you throw in our plans for growth this can really snowball into something huge. We hope to see you in the pool on launch date May 18th.