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.
Powering Up
Effective immediately, we will only be spending half of each enrollment on delegation and using the other half to power up. This will be great for long-term @steembasicincome!
We had a great conversation with @dakotakaiser from @earthnation today, and came up with some ideas to keep the program growing and improving into a sustainable, substantial, basic income. We'll make a full announcement in a few weeks after we've hammered out the final details.
Network Votes Graph
For today's infographic, check out our network votes graph:
You can see your own on Steem Reports: http://www.steemreports.com/votes-graph-enhanced/?accounts=steembasicincome
Since all of our members sponsor other Steemians when they join the program, there is a lot of cooperation and interconnection between all the different user. We love to see so much cooperation happening on Steem!
Delegation Bonus Shares
Existing members can receive bonus shares by delegation. For every 25 SP delegated to @steembasicincome, members will receive 1 bonus share. Currently each share receives a weekly voting weight of roughly 7.91%
These bonus shares will be counted before the bonus shares from upvoting @steembasicincome. So if you have 1 share, received 4 bonus shares from delegation of 100 SP, and then upvoted @steembasicincome regularly, you could potentially receive upvote weight equivalent to 10 shares instead of only 1!
Any Steemian that is already enrolled in @steembasicincome can delegate as much as they would like, to receive bonus shares. The approximate APR for this delegation is 27%. That's a 27% annual return to boost everybody's basic income. I don't think it gets much better than that!
Here are some Handy Delegation links:
| 100 | 200 | 300 | 400 | 500 |
Enrollment
Sounds intriguing... How do I sign up?
Send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the comments. You and the person you sponsor will each receive 1 share in the program.
Questions?
We broke down the mechanics for how the program works in the extended introduction, and we hope to provide an updated overview soon. If you have any questions, ask away in the comments section!