Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

Upvotes by Voting Account

Our automated system selects the highest VP account that can deliver the upvote value each time. If the full vote cannot be delivered by a single account, the post may be upvoted by several accounts. Only the rshares value actually voted is removed from the member's pending upvote balance.

In cases where 20% of pending vote balance is greater than the 100% maximum deliverable upvote from all ten voting accounts, the unvoted amount remains in pending upvote balance until eventual upvote delivery. This applies to only 9 accounts that have posted within the last seven days.

For more about how upvote delivery works, please read Value Balances and Upvote Delivery.

_{(@steemsql data visualized in Power BI by @josephsavage)}

This shows the total number of upvotes (without respect to size) delivered in the last week. 8444 total upvotes, 2999 accounts upvoted, 10 voting accounts! The biggest boxes belong to members that have a high enough SBI subscription level to get regular upvotes that exceed the minimum threshold.

A more common way to look at voting distribution is by vote weight. This is more meaningful when reviewed by voting account. We publish regular upvote history reports for each voting account, and the regular report for @steembasicincome is published by @sbi-booster.

Sustainability Coverage

Sustainability Coverage is currently at 74.75% and rshares reward rate is 590,517,770 per SBI unit per day. It's looking like Sustainability Coverage will settle around 75% once the last of our conversion results drop out in a couple more days, that's down a little bit from last time we had no conversions included. I believe that it's because we lost a few big delegations when our max upvote per post was lower than we would like. Now that it's back above $3, we are starting to get some of those back.

You can help increase the sustainability coverage (and the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read Into the Heart of Sustainability.

Enrollment

To enroll in Steem Basic Income, or to increase the level of basic income that you receive, enrollment is pretty straightforward:

Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian (excluding yourself), it does not have to be a current member. Multiples of 1 STEEM are also fine (e.g. 5 STEEM with one name means 5 SBI for each of you).

We currently recommend a subscription level of at least 5 SBI to ensure an upvote is received at least once per week. Increasing your subscription level results in more frequent upvotes until you are being upvoted on every post. Then it results in larger upvotes instead.

Please check out our full transaction memo guidelines and let us know if you have any questions.
https://steemit.com/basicincome/@steembasicincome/transaction-memo-guidelines

The official currency for enrollment is STEEM. We accept SBD at our discretion but you do not receive extra value or any partial refund for paying in SBD instead of STEEM. If we choose to accept an SBD enrollment, we accept the entire amount. If we choose to reject it, we refund the entire amount and request you to send STEEM instead.

Enrollments are processed automatically every 144 minutes.

Questions?

Please read our FAQ. If you still have questions, ask in the comments section or join us in our discord channel.

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The Block Party! ➡️June 20th-23rd

Steem Basic Income is an official sponsor of The Block Party.

^{image by logo contest winner @edxserverus}