Re introducing Gold Monkey - Brand new voting bot concept, this will be big!!
New Idea
So the idea is the get away from being a paid for monthly bot as they already exist and I think we can do something better than that. What we have thought of is something new, something fresh and most importantly something that will pay out a profit to members over its term.
The idea is the make a reward bot that rewards all members with daily upvotes and committed members a yearly profit share split paid in liquid STEEM. GoldMonkey is now all about banana's, the more banana's you have the bigger your upvote. If you buy bananas every month for the first year, you will receive a bonus profit share of SP the bot has earned. All members of steemit are welcome to buy as many GoldMonkey Banana units (GMB's) as they please for 1 STEEM each to receive daily upvotes until 28th Feb 2021. This reward bot has a 2 year life at which time all leases will end and earned STEEM POWER is split between members that have bought GMB's every month. We would hope STEEM is be worth more than 40 cent by this time and looks to be a good guess when to exit.
Whats the big idea? (Basics)
- All steemit members are invited to buy banana's (GMB's) for 1 STEEM each, there is no limit to many how a user can buy
- All monies received from GMB'S will be spent on leasing STEEM POWER.
- The bot operators commit to providing a 5000SP lease for the term of the bot
- Each member will receive a daily upvote based on how many bananas they own divided by the total bananas sold.
- Each member buying any amount of GMB's will receive a daily upvote until 28th Feb 2021.
- On the last day of each month a new split is formed for the next month, eg. 1st month = 100, 2nd month = 60/40, 3rd month = 50/30/20 etc. for 24 months.
- Members that buy GMB's every month will receive their upvotes with 100% of the bot's power. Using the example above on the 3rd month if a member had bought GMB's in the 1st and 3rd month, they would receive upvotes with 70% of the bot power.
- Members can delegate SP at a ratio of 50 SP to 1 GMB.
- Daily upvotes are set up on a 23 hour timer from your last upvote
How the monthly split works
1st Month
During the first month members will receive upvote from 100% of the bot's voting power. Please keep in mind that voting power and voting percentage is 2 different things. Your upvote percentage is worked out based on how many banana's you own, You’re voting power is worked on based on how many splits you are involved in.
2nd Month
The table below shows the first split were we move from 100% to 60% and 40%. The newest month always gets the highest percentage and we work our way backwards. It is simple enough to understand the concept
3rd Month
So now we move from a 60/40 split to a 50/30/20 split. We can see all the different voting powers users receive due to buying during different months. Members that buy every month will always receive upvotes from 100% of the bot's voting power and would also qualify for the extra bonus reward
It would just continue on like that for 24 months
Please note that the figures used above are examples
Reward PART - The Golden Banana
On top of receiving a daily upvote, members that buy any amount of GMB's each month for the first year will receive a 20% profit share cut of GoldMonkey's total STEEM POWER. This will be repeated for the second year with members that complete all 24 months getting 25%. The pot should by much bigger in year 2 than year 1.
Terms and conditions post will be released on Thursday evening before the soft launch this coming weekend.
Drop your Thoughts please
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To attrack many users it should be easy to understand and there are easy to understand member vote bots around already.
So emphasize your key selling point? It is the profit sharing I guess but 2 years is a long time ...
Also people - like me - tend to forget sending new steem every month and therefore prefer delegation. Does one have to increase delegation 24 times as you write ? I also will forget to do that perhaps. (Just thinking with you)
Hello, i think it's pretty easy to understand. You buy GMB's and receive upvotes everyday until 31st Mar 2021. You buy as many are as little as you like. You do not need to buy them every month, that is if you would like to receive a profit share bonus only.
I guess the key selling point is that we provide daily upvotes and a profit share are golden banana as we call it if you take part in all 24 months.
Delegation was worded wrongly and now it's been edited. My bad.
On the plus side, you've just went from getting 1 month's of upvotes to 2 years worth. You already own 10 GMB's
Why are you changing the 22 hour timer from the last upvote to 23 hours? @ssg-community, @steemcryptosicko and others use the 22 hours interval and we are used to it. I would not like to be checking if I posted today 59 minutes or 61 minutes before the hour I posted yesterday...
The reason for changing the timer from 22 hour to 23 hour is simply because we expect a much larger amount of users to upvote in the long term. The spreadsheet used to work everything out is based on a 24 hour day and with a smaller group of members, maybe under 100 it works ok if some people squeeze an extra upvote are 2 every month and it does not affect voting power that much but it's not the same with a larger amount of members. We were going to go 24 hours but went half way.
And, to be honest. Compared to the size of Steemit, SSG and CSB have 75 members between them.
And on the plus side, you own 10 GMB's already :)