Bidding
In order to upvote/downvote a post, one must make a transfer to @forybay9 of no less than 5 STEEM/SBD and adhere to a maximum of 150 STEEM/SBD (and 25 STEEM/SBD for flagging). Sending the transfer will immediately allow the user to participate in the bidding process. Invalid bids will be refunded, except in the cases stated below.
- BlackList
An account that is present in either of the following blacklists:
Steemit Blacklist
Custom @forybay9 blacklist
- Flag Alerts
Refunds will be exempted for posts flagged by any of the following Steem accounts: @spaminator, @cheetah, @steemcleaners, @mack-bot or @utopian-io.
Upvoting
Upvoting is meant to be used for promotional purposes only. Abusing the upvoting system will result in a permanent and arbitrary ban.
Flagging
Flagging is meant only to mitigate the impact of low quality content on the Steem blockchain. Abuse of the flagging feature will result in a permanent and arbitrary ban.
Opposed Bids
You understand @forybay9 allows for opposed bids. A negative bid may be sent against a post you are promoting during the same voting round, possibly decreasing the payout without a predictable limit. If an opposite negative bid is sent, which is higher than your positive bid, the upvote may be also turned into a downvote.
Forybay9 Credits
Forybay9 credits are sent to your wallet every time you bid for a flag, or on a daily basis if you have delegated your Steem Power to @forybay9.
Bid.Bot Credits can only be used to boost a post and never to trigger flags.
Value of forybay9 Credits
forybay9 Credits are virtual STEEM and SBD tokens sent in the form of unencrypted memos to your wallet. The value of these credits is completely dependent on the value of STEEM and SBD on the market as well as the value of the total amount of Steem Power delegated to @forybay9 and the number of bidders participating to the voting round.
By using @forybay9, you understand that delegation can be taken away or added by its owners, at any time, without @forybay9's consent, thus decreasing/increasing the actual value of your forybay9 Credits, without any set limits.
Ownership of forybay9 Credits
forybay9 Credits are non-transferrable and locked to your account. You may lose your forybay9 Credits in any of the following cases:
BlackList
A blacklisted account loses access to all its forybay9 Credits and their value and utility.Lost Account Credentials
As forybay9 Credits are non-transferrable, losing access to your Steem account automatically results in the loss of all the forybay9 Credits held in it, as well as their value and utility.Service ShutDown
In the case of service failure or shutdown, you understand that you will lose access to all of your account's forybay9 Credits and their associated value and utility.
Delegation
By delegating your Steem Power to @forybay9, you will receive 95% of the total profits generated, in the form of daily incentives, which are dedicated to delegators. The incentives are calculated proportionately, based on the amount Steem Power that you have delegated, and they are derived from the daily liquid incomes of @forybay9 received from STEEM/SBD bids.
Delegating does not give you any rights to redeem your incentives in case of system failure or service shutdown.
Delegation is risk-free and can be returned to your Steem account at anytime.
Mining Bid.Bot Credits via delegation
Based on your daily returns, new forybay9 Credits will be generated and sent to your wallet together with your share of the liquid STEEM/SBD incentives.
forybay9 Credits are generated on a fixed percentage, that is currently set at 10% of your daily profits.
You understand that this percentage is completely arbitrary and may change at anytime, without limits.
Photo Source ~ @pixabay..........................................Peace OUt
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