Burning Bid-Bot Overview, A Caring Bot

in #charity6 years ago

Introduction


This post will give an idea to the reader about the current state of the @lrd Burning Bid-Bot, the following subjects will be discussed:

  • ROI for Vote-Buyers
  • ROI for Delegators
  • Anti-Spam Measures
  • Charity
  • Burning
  • Current Payout Structure
  • Partnership
  • Long-term goals
  • ROI for Vote-Buyers


    The Burning Bid-Bot has been created having both delegators and vote-buyers in mind, that is why we want both of them to get the highest ROI while helping decrease the STEEM supply through burning and help those in need through charity, these are the following features that the Burning Bid-Bot currently has to ensure that vote-buyers receive the highest ROI possible:

  • Positive ROI guaranteed: Even in the worst case scenario vote-buyers will get a 1% profit out of their investment after curation rewards.
  • No capped ROI: What this means is that there is no limit on the amount of profit you can get out of your investment, currently if you bid 0.1 SBD and nobody else bids in that bidding round you'll get a profit of 1700%.
  • Curation Trail: The Burning Bid-Bot has a curation trail which activates when sending a bid of 2 SBD or more, this means you'll get some extra upvotes and profit when bidding 2 SBD or more.
  • 0 minute post age: This means you can keep most of the curation rewards and get an even higher ROI
  • All the features described above are currently active and are designed so that the vote-buyer profits while promoting its post.

    ROI for Delegators


    For Delegators we are currently offering 100% of bids + 45% of curation rewards, our delegators are averaging a 17.2% APR from their investment in the last 7 days.
    Furthermore, by delegating to the @lrd Burning Bid-Bot they are also decreasing the STEEM supply through burning an helping through charity.
    If you are interested in delegating you can click here and select the amount you want to delegate.
    You can always ask any questions you may have before delegating in our Discord

    Anti-Spam Measures


    Stopping Spam is something very important, that is why the Burning Bid-Bot is currently using the @buildawhale blacklist created by the amazing witness @themarkymark (Vote him for witness if you haven't already).
    This blacklist created with hard work by @themarkymark contains a list of over 4600 accounts that don't do any good to STEEM which is why they won't be able to use the Burning Bid-Bot to promote their scammy activities, if you are a bot owner you should think about using this blacklist too.

    Charity


    With this update now the Burning Bid-Bot will give 10% of its curation rewards to @crypto.charity which is a project created by @cryptoeater, their current focus right now is in helping Venezuela through donations that help in the purchase of food, clothes and medicines.
    The @lrd Burning Bid-Bot and @fairlottery have already donated SBD and STEEM to Venezuelans before through the @safedeposit account, some of the beneficiaries of this donations have been @drmaizo and @reinaldoverdu.

    Burning


    5% of all Curation Rewards are burnt, by doing this we are helping to decrease the STEEM supply, over 15 STEEM have already been burnt by sending them to @null.

    Current Payout Structure


    This is the way all earnings and curation rewards are currently being distributed:

  • 100% earnings go to delegators
  • 45% of curation rewards go to delegators
  • 10% of curation rewards go to @crypto.charity
  • 5% of curation rewards go to @null
  • 40% of curation rewards are charged as a fee for maintaining and upgrading the Bid-Bot
  • Partnership


    We have partnered up with @fairlottery, for those who don't know what @fairlottery is here's a quick intro, you can find more info in the official introduction of the project.

    Intro to @fairlottery


    Fair Lottery is a lottery with a very low entry threshold, a ticket only costs 0.001 SBD/STEEM and you can purchase as many as you want, there is an assured pot for the winner of 1 SBD/STEEM (winner takes 95% of the total pot, the more tickets that are purchased the bigger the pot gets), this lotteries take place daily and all you have to do to purchase some tickets is sending any amount of SBD or STEEM to @fairlottery, that amount will automatically be divided between 0.001 and that is the number of tickets you'll have, all you have left to do then is sit back and wait for the winner to be announced.

    Long-term goals


    The @lrd Burning Bid-Bot has some clear long-term goals:

  • Provide Vote-Buyers an effective way to promote their posts & comments
  • Provide Delegators a great way to make a daily income while helping the community through burning, charity and much more
  • Burn Steem to decrease its supply
  • Help charity projects so that a stronger Steem brand is built
  • The larger the amount of SP that @lrd has the easier it will to accomplish this goals.

    Join our Discord

    Happy burning time,

    Sort:  

    This is an excellent project, I am always happy to hear from people who have such a great heart. Congratulations @lrd

    You refunded me for posts that you voted.
    1.996 SBD in total.
    This is what happens when you rely on steemd.com as your database rather than to have your own.
    If I will counter refund you, the bot will automatically refund me.
    Where should I send my counter refunds to?
    My advise in this case:
    blacklist everyone that did not counter refunded you until all their debts are settled.

    BTW, you became one of my favorite bidbots, but not one of my most favorite, mainly due to your 3 days deadline.
    I hope that when shit happens, and both at steemit and busy it is only a matter of time, I will be refunded once you skip a vote on me.
    Also, you should not power down.
    It is a bad look for a bidbot and counterproductive.
    You should divide your income in a less philanthropic manner.

    You got a 100.00% upvote from @sleeplesswhale courtesy of @stimialiti!

    You got a 100.00% upvote from @luckyvotes courtesy of @stimialiti!

    You can send that 1.996 SBD to @safedeposit, the power down is because we share 60% of the curation rewards that the bot generates and powering down is the only solution to pay those curation rewards.

    counter refunded 1.996 SBD.
    https://steemd.com/tx/92cc6dd1cdbeddbabd4131c5e3eef10fa8252dfc
    Your policies are counterproductive to growth.
    As a user I am most disturbed by your 3 days deadline which is why I do not use your bot as often as I use my most favorite bots.

    Hi @lrd,

    Curation Trail: The Burning Bid-Bot has a curation trail which activates when sending a bid of 2 SBD or more, this means you'll get some extra upvotes and profit when bidding 2 SBD or more.

    Is this a guaranteed trail? I sent through a 2 SBD yesterday (a few hours ago), and as far as I can tell, no trail votes.

    P.S. The post in question is: https://steemit.com/busy/@incubot/handing-out-steem-and-steembasicincome-shares

    Hi @lrd ... any news re the trail?

    @lrd, I sent 0.6 SBD a week ago with memo: https://steemit.com/money/@myfinanceteacher/gold-and-gdx-oversold
    But did not receive your upvote. I just noticed it now. Can you please refund? Thank you.

    I love seeing people like you who support charity projects, as well as the excellent service of bots that it offers, in the future I will use it :)
    Thank you for your support, a big hug from the entire team of the one opportunity project.
    Have a nice day!

    You got a 42.48% upvote from @upme thanks to @safedeposit! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

    success is always in stepping for a good project.

    vote-buyers will get a 1% profit out of their investment after curation rewards loss.

    The 1% profit is calculated after curation rewards meaning it takes into account the full 25% of curation rewards.

    @lrd, I sent 0.6 SBD on 28 July with memo: https://steemit.com/money/@myfinanceteacher/gold-and-gdx-oversold But did not receive your upvote. I just noticed it now. Can you please refund or suggest any other compensation? Thank you.

    Nice post
    Good luck

    Best of luck with this project.