Best Of India Contest | STEEM POWER UP MARATHON CONTEST(Total Prize Pool- 135 STEEM)

in Best of India3 years ago (edited)

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STEEM POWER UP MARATHON CONTEST(BOI)

SP is always pivotal to the overall economy of Steem Blockchain, more the SP less is the supply pressure and the more you can use it as influence power in PoB and Governance and other things.

The total effective SP of BOI stands at 55K. We take this opportunity to make it even bigger so that we can cater to a wide base of users in BOI.

Herewith we present a contest in which the users are invited to convert their SBD(if any), power it up, or power up any liquid STEEM available in the wallet and then delegate it to BOI in full(leaving 20 SP in the wallet as a min for basic activities/engagement). If you don't have STEEM, then you can also buy it from the open market and power it up, delegate it to BOI.

As the headline says it's a marathon contest, so it will span out for a full month from 27th July to 27th Aug 2021. Any power-up and subsequent delegation to BOI will be taken into consideration for determining the winner.

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What should I do in this Contest(as a participant)?

Participate in various initiatives/challenges running on Steem Blockchain and try to earn STEEM and SBD as much as you can. Alternatively, you can also buy STEEM from the open market.

The next part is to power up and delegate it to BOI.

We will maintain a record of all the power-ups and accordingly probe it with the winner's criteria and then on 15th September 2021, we will announce the winner.

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Winner's criteria

Period- 27th July 2021 to 27th Aug 2021

Powering Up STEEM is called SP and is also known as Influence Power.

So we will structure it based on the cumulative of the following three influences:-

Influence-1: How much liquid reward(STEEM and SBD) did you generate from 27th July to 27th Aug 2021, and what proportion did you power up during the period. (in percentage)

Influence-2: How much STEEM did you buy from the open market during this period and what proportion did you power up during this period. (in percentage)

Influence-3 What is the total SP you have and how much have you delegated to BOI during this period. (in percentage)

The selection of the winner will be based on the cumulative influence(Influence 1+Influence 2+Influence 3) you gained during this period.

In all three cases the earned STEEM or acquired STEEM or delegated SP to BOI has to be a minimum of 75 STEEM/SP, otherwise, it won't be taken into consideration.

For example, if I have generated 200 STEEM(or equivalent SBD) as the liquid rewards and powered up 120 STEEM during this period then the column A for me will be 60%.

If I have bought 100 STEEM from the open market and powered up the full, then for column B it will be 100%.

For column three, suppose I have a total SP of 1000, and I have delegated 950 Sp to BOI, then it will be 95%.

So the total influence earned during the period= A+B+C= 60+100+95= 255%

Here is a sample:-

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We have not kept it based on "who is the highest delegator", rather based on percentage, so it is fair and democratic for all.

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Rules and Guidelines

  • This contest is open to all and anyone can participate.
  • Any act of creating multiple accounts to abuse the reward pool will have you disqualified and/or permanent ban in BOI.
  • You don't need to write any post for this.
  • The contest runs from 27th July to 27th Aug 2021
  • You should not undelegate to BOI until 15th Sept 2021.

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Rewards

At the end of the contest, the top 6 winners will share a prize pool of 135 STEEM.

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For any questions, clarifications, etc please join the comment section.

Thank you.

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BOI Channels

  • Discord
  • Twitter
  • sap204.png

    Quick delegation links:

    50SP
    100SP
    200SP
    500SP
    1000SP
    2000SP
    5000SP

    Cc:-
    @steemitblog
    @steemcurator01
    @steemcurator02

    Cc:-
    @neerajkr03
    @starlord28
    @rishabh99946
    @sapwood

    Sort:  

    Great contest, I would like to ask, can we power up many times during this period and that would be counted?

    Yes, you can.

    I just delegated more sp today, a total of 500sp now, please check it. Thank you

    #ContestAlerts

    This contest has been included in the daily Active Contest Listing

    👉 Contest Alerts: Active Contest List on 28th July 2021 – Win 2700+ STEEM

    Follow & Resteem for more updates.

    This is a great idea to encourage Steemians to powerup.
    I would to know more about BOI.
    The explanation in the post wasn't clear about this account.

    BOI's official account is @bestofindia.

    At end of the day/period, we will check who are delegators to BOI and accordingly collect the data, update the sheet and determine the winner.

    Thank you.

    I delegate some SP to the community. Not just participation purpose but this small contribution towards the community as it helps a lot of newcomers.