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.

Renewed Growth

We have ten voting accounts, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9 or @sbi10. The new system dynamically selects the best account to deliver your upvote at the time of upvote delivery.

We currently have 4148 members that have posted or commented within the last 28 days, and many more members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 111583 units in the program, and it grows every day.

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.

We aim to post once per day, but some auto-voters use a UTC day when you set them to limit upvotes to only 1 per day, so you should set your auto-voters at a 2 per day limit to avoid missing some of our updates.

img source: http://www.steemreports.com/top-voters/@steembasicincome

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:

Now that most processes are handled automatically, we have been making a renewed effort to publish daily updates and amplify the sustainability boost that we receive from member upvotes. You can see how big the impact of missing an update can be, with big reward dips around Christmas and New Year's, caused by missed updates the week before.

Upvoting Bonuses

Each time we receive author rewards for a post or comment by any official SBI account, we identify the value that each member added to the reward using their upvotes. That value will be added to the member's balance, with a multiplier of 1.34x.

For example, if you upvote us by $0.10, then $0.134 would be added to your balance when the post pays out. This would result in you receiving $0.10 back, even after curation rewards. 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.

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, enrollment is pretty straightforward:

any active Steemian, it does not have to be a current member.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

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/steem-basic-income-updated-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

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. A few spots are available for interested writers to join the SBI writer's group.

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!

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 herediscord server.. If you are interested, please direct message me (@josephsavage) on the Steem Basic Income

Questions?

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 new member lookup tool.

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