I received my winnings from a recent contest of yours and I thank you for them. However after looking at the amount you are paying out as a % of the total rewards earned I find it not enough (.22 SBD on a total $ amount of over 17.00) so I will be limiting my participation in the future. Also your upvote is not big enough to change my mind. Good luck with your contest.
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@revelationquotes can not help the price of SBD at the moment. We do understand that the price has made for a lower payout for the contestants. However, we want to make everyone aware that @revelationquotes is the only one that is contributing to these Challenges (via voting bots) by investing Steem into each of the contests. If you check it out... We send SBD to bots to increase the payouts for the participants. If we stopped, the winners would get 1/20th of what they win now.
@revelationquotes is already losing account value by doing this. (The value has already gone from 1,300 to 800 Steem over the last couple of months). In turn, that means if we continue to lose value…our Upvotes will be worthless.
Yes, the payouts do look small compared to what the value of the post is reflecting (@revelationquotes is taking a loss with each bot investment). We are re-investing the Steem back into The Challenges. We do propose this question… Would you rather receive 0.25 to 0.95 or would you rather get 0.003 to 0.012 for the winnings? We can stop the investing into the Challenges and you will see what the return of The Challenges truly are.
We do understand what you are saying, however, do keep this in mind. These are free entry Challenges and Upvotes are small by those that do participate. We are already trying to do our best and trying to improve the payouts. We cannot help the price of Steem or SBD.
Thank you for your understanding in all of this.
All that you said is true but when the system changes the payout form SBD to steem you could pay out some of the steem in addition to SBD. What will you do if no SBD is paid but only steem and steem power. In checking out the payout amounts as I am writing this it indicates no SBD will be paid so the winner will get zero SBD. It is your contest and you can do what you want. Good luck with your contest.
Thanks for playing
Just for your information I contacted someone else who has been paying out in SBD and he is converting the steem into SBD and paying it out. I will stay with that contest.
Okay...
Also, this is a free Challenge.