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RE: Discover Steem Budget Proposals!
Heyy @jerrybanfield This is very hard to understand...Can u please give an example i mean how the power will transer and how it will flow an example of complete flow...like concider if i send 1000Sp then what will happn next frm start to end how we will get passive income
yes please
And thank u so much for the bot tracker that was a great help....U r awesome as always
and also give example of the proposal...Something like if i want to give a seminar in my college about our steemit community then what all things i should write other than budget tag and amount
@mvrr007thank you for asking how it works!
Starting now anyone that wants to promote a post with my voting bot can transfer Steem or SBD to me to get a vote automatically. Everyone delegating Steem power adds to the possible voting power which increases the amount of bids received. 50% of the earnings from the bids received go to @budgets to fund budget proposals for Steem while the other 50% are returned to those delegating from @jerrybanfieldroi.
Most sending bids will be using https://s3.amazonaws.com/yabapmatt/bottracker/bottracker.html which shows what a profitable bid is given the Steem and SBD price.
This system provides instant adjustments for those delegating based on the Steem and SBD price because those making bids and using the calculator are sending in Steem and SBD while considering the current price.
Basically, when we delegate 1,000 Steem power, we get paid back a percentage of our voting power in Steem and SBD every week from @jerrybanfieldroi. Those delegating early get a huge bonus because I am not counting my nearly 100,000 Steem power in the calculations. Delegating 1,000 Steem power now effectively will return much more than upvoting 10 comments a day with no potential for downvotes and all rewards liquid.
This comment has received a 30.77 % upvote from @kittybot thanks to: @mvrr007.