Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

We first posted our distribution chart a week ago, and it was a big hit, so here we go again! The labeling is poor, and 461 votes means 461 accounts that received votes. The actual number of votes is much higher!

img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7

Last week we had a 7.6% self-vote. We predicted that if we keep posting every day it should climb back toward 10% . This week it's at 9.7%, which is right in line with our expectations!

And now we have a similar chart for pool 2:

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7

@sneakyninja only got 13.3% of the @sbi2 voting power, even with 41% of the pool 2 shares! Everybody else in pool 2 is getting more voting weight because @sneakyninja isn't posting enough to use the full allotment it should be receiving. @sneakyninja has a daily curation journal called The Daily Sneak that features a wide variety of posts. Guest curators get paid in SBD and featured authors get resteemed and sponsored for shares in @steembasicincome. Stop by and check it out! This balances out a lot of the difference in effective SP per share that exists between pool 1 and pool 2.

We started @sbi2 out with upvotes on each of the pending @steembasicincome posts, so that voting power wouldn't be sitting at full while it waits for posts to vote on, and occasionally do an extra upvote on @steembasicincome comments to keep @sbi2 voting power from being wasted. As the membership in pool 2 grows, this will become less necessary and the voting weight going to @steembasicincome will continue to decrease from the current 17.1%.

Delegation Bonus Shares

Existing members can receive bonus shares by delegation. For every 25 SP delegated to @steembasicincome, members will receive 1 bonus share. Currently each share receives a weekly voting weight of roughly 7.91%

A special thanks is given to @ecoinstant, @revo, @soushi888, @fishyculture, @hefziba, @danpaulson, @ligayagardener, @tylersr, @skycae, @cryptogecko, and @theb0red1 for boosting everyone's basic income through their delegation!

These bonus shares are counted before the bonus shares from upvoting @steembasicincome. So if you have 1 share, received 4 bonus shares from delegation of 100 SP, and then upvoted @steembasicincome regularly, you could potentially receive upvote weight equivalent to 10 shares instead of only 1!

Any Steemian that is already enrolled in @steembasicincome can delegate as much as they would like, to receive bonus shares. The approximate APR for this delegation is now 19%. That's a 19% annual return to boost everybody's basic income. I don't think it gets much better than that!

Here are some Handy Delegation links:

100	200	300	400	500

Enrollment

Sounds intriguing... How do I sign up?

Send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the comments. You and the person you sponsor will each receive 1 share in the program.

Questions?

We broke down the mechanics for how the program works in the complete overview. If you have any questions, ask away in the comments section!