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.
Many of our members use the #steembasicincome tag for their contests, so check there for contests that we might not have resteemed!
Support from Members
Thank you all for your support! The upvotes that we receive from our members are an essential component to keep delivering a sustainable basic income! We can also see some of the upvotes from fixed return services like @lays and @smartmarket that we were using to boost our long-term sustainability.
img source: http://www.steemreports.com/top-voters/@steembasicincome
All members that upvote consistently are rewarded with a bonus increase in their voting weight. To get the best benefit, we recommend using @steemvoter or @steemauto.
You've seen the chart of upvotes received, but how does that drive sustainability? Here are our SP rewards received over the last 28 days:
With the trend somewhat down over the last month (even with rapid membership growth), we've had to return to the delegation markets to maintain our target ratios. We're going to prioritize regular updates to stop the big dips and start trending up again. This will result in a little more delay in the processing of enrollments. I'm looking forward to the improvements that will come with full automation!
Enrollment
If this sounds interesting and 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. You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian, it does not have to be a current member.
The official currency for enrollment is STEEM. We accept SBD at our discretion (usually when they're very close, or when SBD is stronger) 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.
It's fine to send a list, but we prefer a comma after each name. If you send a list, please specify share amounts for each or we will assume equal distribution (e.g. 15 STEEM with 3 names means 5 shares each and 15 for you, unless you specify otherwise).
As we get close to automation for enrollments, we will tighten up the transaction memo guidelines, but we will make plenty of announcements. Please bear in mind that enrollments are currently processed manually, and we are prioritizing regular updates over new enrollments right now, so there may be some delay before you receive confirmation or adjustment to your voting weights.
Steem Creators Conference
We are pleased to have been invited to speak at the Steem Creators Conference in Las Vegas next month. Learn all about it at https://www.steemcreators.com/ Mark your calendars and book your tickets, this is going to be an awesome event! (Look for our name on the registration page to get a $25 discount on your tickets.)
Questions?
We broke down the mechanics for how the program works in the complete overview. You can check your share counts and upvoting weight in our spreadsheet explained here. If you have any questions, ask away in the comments section or join us in our discord channel.
