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RE: Steem Basic Income FAQ Contest - 500 SBI in Prizes
To get bigger upvotes, send more STEEMs to @steembasicincome to increase your share. You can also delegate to @steembasicincome. In the past, you will receive 1 bonus share for every 10 SP delegation. As @steembasicincome continues to grow, they also increased the bonus share to 5 shares for every 10 SP delegation.
Close. We have improved the delegation reward from 1 bonus unit per 10 SP to 1 bonus unit per 2 SP delegated (so 10 will you give you 5 bonus units instead of only 1.)
You are welcome to edit your submission and I will review again (or you can resubmit if your edit is substantial.)
Edit: Accurate now. Response accepted as a qualifying submission.
Don't forget you can also earn points by scoring the clarity and helpfulness of other qualifying responses.
Okay, I have updated my initial response. I am just curious, is there a specific timeframe for the delegation? And will the SBI shares be revoke when the delegation is stopped?
I haven't find a topic similar to this in the FAQ so maybe it can be an additional entry.
When you initiate a delegation on Steem, it is perpetual until you change it to 0. Bonus units are calculated at the time of delegation, and then left alone unless the delegation changes, at which point they are recalculated. If the delegation is set to 0, the bonus units would also be set to 0.
Rating 4 - a bit confusing, a clearer edited version stating 1 bonus unit for every 2 SP delegated would improve the answer in my opinion.