Member Upvotes Provide Sustainability

in #sustainability5 years ago (edited)

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 regular upvotes to member content.

Sustainability Coverage and VP Management


Sustainability Coverage is currently at 72.33% and rshares reward rate is 578,607,770 per SBI unit per day.
The rshares reward rate for bonus units (delegation reward) is not decreased, and you can help increase the sustainability coverage (and thus the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read Into the Heart of Sustainability.

Upvoting Bonuses


Each time we receive author rewards for a post or comment by any official SBI account, we check the value that each member added to the reward. That value will be added to the member's balance, with a multiplier of 1.34x. For upvotes on comments, this is temporarily reduced to 1.18x until our VP recovers above 80%.

These will be decreased to 1.25x and 1.10x respectively if average voting power drops below 15%.

For example, if you upvote this update by $0.10, then $0.134 would be added to your balance when the post pays out. In most cases, this means that a vote for SBI is more profitable than a self-vote. You are rewarded directly for your contribution to the long-term sustainability of the program! You do still have to be enrolled in @steembasicincome to receive this benefit.

This is a great way to boost the Steem Power for program accounts. If your program (or account) does any self-voting to build a permanent SP base, please consider upvoting @steembasicincome each day instead.

We aim to post once per day, but you should set your auto-voters at a 2 per day limit to avoid missing some of our updates due to time zone differences.

(Official SBI Accounts: @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9, @sbi10, @sbi-booster. Our automated system dynamically selects the best account to deliver your upvote at the time of upvote delivery.)

Continuous Growth


We currently have 5922 members that have posted or commented within the last 28 days. This is increased from last time we published this, when we had 5851. Members that are not posting continue to accrue their voting balance, and upvotes will resume automatically when they return. There are currently 144695 subscribed units in the program, up from 139421 last time we published this report.

Support from Members


Thank you all for your support! Upvotes that we receive from members are an essential component to keep delivering a sustainable basic income! Our base SP growth is still partially dependent on our small self-voting percentage, but we hope to decrease that dependency as more members recognize the benefits to increasing their auto-votes under the new rewards system.

image.png

steemsql data visualized in Power BI by @josephsavage

We believe the recent jagged SP results are due to a curation trail not hitting every post. We have been relatively consistent about our post timing (each post coming out some time between 1:00 and 6:00 Universal Time), so we don't think that it's from auto-voters missing sometimes. Detailed analysis to identify which votes are 'missing' can be a lot of work, and there is not much we can do even if we identify the missing voters.

Here is a visualization of our incoming votes for the last week.

image.png

source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7

It is important to note that this 10% self-vote means that 10% of our received upvote value was from our self-votes, not that 10% of our voting power was spent on self-votes. In fact, we only spent 1.59% of our voting power on self-votes, and we would be comfortable with spending 10%. This is down from last time, when 13.6% of our received value was from self-vote.
This shortfall is an unfortunate side effect of our low VP. We are working to recover our VP without having too big of an impact on our Sustainability Coverage (increasing our leased delegation would boost our VP, but also increase our lease costs, which decreases our Sustainability Coverage).

Enrollment


If you want to get involved, or to increase the share 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 unit in the program. You can sponsor any active Steemian, it does not have to be a current member.

If you're unclear, please check out our full transaction memo guidelines and then let us know if you have any questions.
https://steemit.com/busy/@steembasicincome/transaction-memo-guidelines

The official currency for enrollment is STEEM. If we choose to accept SBD without refunding it, you do not receive extra value for it.

Enrollments are processed automatically every 144 minutes. Confirmation transactions are still manual and typically are sent within 2-3 days. Even if you have not received a welcome transaction, you can check your status using !sbi status in any post or comment.

SBI Writer's Group Needs Your Help


Spots are available for interested writers to join the SBI writer's group.

You do not already have to be a member of Steem Basic Income to take up this opportunity, but a basic working knowledge of SBI would help.

Here are some examples of previous interviews created by members of the SBI writers group. As you can see from these examples, we let this lapse for a while, but we are ready to take it to the next level!

Previous Interviews📖
Interview with @andrewharlandInterview with @f3nix
Interview with @dynamicgreentkInterview with @improv
Interview with @dosdudesInterview with @holger80
Interview with @reinaldoverdu

Participating writers receive rewards of additional SBI levels, along with a writing credit on articles and updates published on @steembasicincome account, to 5k+ followers. Bonuses in STEEM/SBD are available for quality work that requires minimal editing.

Full information about the program is available here. If you are interested, please direct message me (@josephsavage) on the Steem Basic Income discord server.

Questions about Steem Basic Income?


Please read our recently published FAQ. Most questions are addressed in our FAQ or in the additional resources that it suggests. If you still have questions, ask in the comments section or join us in our discord channel. To review your counts, check out our member lookup tool.


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!sbi status

Hi @scilwa!

  • you have 150 units and 0 bonus units
  • your rshares balance is 1875428781980 or 1.140 $
  • as you did not write a post within the last 7 days, your comments will be upvoted.
  • your next SBI upvote is predicted to be 0.046 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Hi @alaysiababin!

  • you have 35 units and 0 bonus units
  • your rshares balance is 212805613010 or 0.129 $
  • as you did not write a post within the last 7 days, your comments will be upvoted.
  • you need to wait until your upvote value (current value: 0.005 $) is above 0.024 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Hi @r2cornell!

  • you have 1146 units and 850 bonus units
  • your rshares balance is 47973393011726 or 29.402 $
  • your next SBI upvote is predicted to be 5.880 $


    Did you know Steem Basic Income has a Quality Policy?

Congratulations @steembasicincome! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

Carnival Challenge - Collect badge and win 5 STEEM
Vote for @Steemitboard as a witness and get one more award and increased upvotes!

I sure hope newbies don't self vote, I try to teach them everytime I see it happening.

Self-voting when you have low SP is not very effective, espeically since hf20. We built our upvoting rewards to be a superior alternative to self-voting.

Right. Anybody with less than 100 SP should avoid self voting and upvote SBI posts instead

Posted using Partiko Android

Keep up the good work!!

Posted using Partiko Android

!sbi status

Delegated you 60 SP, and I got no Status till yet!

Initial enrollment is required before status call works (and before you can receive direct delegation benefits).

To enroll, please send 1 STEEM to @steembasicincome with username of another Steemian that you would like to also support.

I love you, guys! <3

Hi @guysellars!

  • you have 28 units and 0 bonus units
  • your rshares balance is 92570608451 or 0.056 $
  • you need to wait until your upvote value (current value: 0.011 $) is above 0.012 $


    Did you know Steem Basic Income has a Quality Policy?

Hi @mcoinz79!

  • you have 44 units and 151 bonus units
  • your rshares balance is 1594641904810 or 0.976 $
  • your next SBI upvote is predicted to be 0.195 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Hi @damla!

  • you have 4 units and 50 bonus units
  • your rshares balance is 572996389289 or 0.351 $
  • your next SBI upvote is predicted to be 0.070 $


    Did you know Steem Basic Income has a Quality Policy?

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