Help MinnowBooster Make March the Month of Minnows!
Hey folks, @Techblogger here with an important invitation from @MinnowBooster. There are minnows out there that could really use your help and in this article I'm going to explain the challenge and provide an exciting opportunity for you to pitch in and help minnows with us!
With whales dominating hot and trending pages and organized voting groups taking a large portion of the Steem reward pool these days, minnows have very few ways to gain visibility. One of the best ways they can do this is by using the MinnowBooster vote selling market to grab a little boost.
MinnowBooster is and always be a service dedicated to serving minnows and helping them become more successful on the platform. We want to help each and every minnow but these days that is becoming increasingly difficult. Due to the massive growth of our userbase, we're completely out of votes to offer minnows.
A lot can be understood simply by looking at this chart which can be found on the MinnowBooster homepage:
As you can see we need your help in filling in this chart with adequate vote availability in all SBD send ranges. Anything you can do to lend a hand will be greatly appreciated! Lets make March the month of Minnows and give them a little boost!
How to use the vote selling feature with @MinnowBooster
The following tutorial was written by a very talented author that goes by @ilyastarar. It and more can be learned by reading his complete @MinnowBooster guide which can be found here:
How to Sell Your Vote
After becoming a member, you can use all the services offered by MinnowBooster. Selling your vote is a very simple process. It is explained below.
- Click My Account and then Edit Info as shown below.
- You need to enable vote selling to @minnowbooster by sliding the button to green. Then you should authorize the bot to vote on your behalf. Then you can adjust the minimum Voting Power below which the bot should not vote on your behalf. Finally, do not forget to update your information. Too much to digest? See the screenshot below.
- After enabling vote selling, you also need to authorize MinnowBooster to use your account to vote by clicking where asked. Clicking will take you to the authorization page. Click continue and enter your posting key to enable vote selling. Use active key only if you wish to use other services too.
- Do not forget to click the UPDATE button to save your settings.
Let me share with you what happens after saving these settings. Whenever my VP is 75 or above, my account is used to give upvotes to users who send SBD and post URL to @minnowbooster. My vote is worth $1.30 at 75 % VP right now so anyone who sends upto approx 0.4 SBD to MinnowBooster can be voted by my account. For example, if someone sends 0.4 SBD to MB for vote and my account is used to vote on that post, I will get 85 % of the sent amount credited in my balance. In simple words, I earn 0.34 SBD from that vote.
I calculated my SBD earnings from 18 December to 19 January just from vote selling and they turned out to be 55.695 SBD. This was made possible because I had used another MB service (SP leasing) to get some delegated SP for four weeks for just 25 Steem. Through vote selling alone, I earned so many SBDs that it was more than triple of my initial investment.
Now you can understand why I am creating a complete guide of MinnowBooser economy. I have benefited massively from this opportunity and I wish to share each detail with you. Here is some of the information that will help you use this service efficiently.
- By selling your vote, you earn 85 % of all the SBD against which your vote was used. Massive!
- Since MB is taking 0.01 SBD as minimum bid on posts, you need to be able to give a vote at least worth $0.03 to have a chance. At current Steem price, at least 75 SP is required. Drop in price will increase the minimum SP requirement and vice versa.
- A full vote will cost you 2 % VP. VP is the only cost you pay when your account is used for voting. Set minimum SP such that you can upvote posts from the authors you follow and the comments on your posts too. Dedicating all you VP to MinnowBooster is greedy unless you are unable to be active for some weeks or months.
You can view the history of your vote selling and even the posts on which your vote was used. Randomly visit these posts to check them for quality and if you see an abuse, report in the MinnowBooster discord channel.
You can always see your earned SBD balance on the site and withdraw it to your Steemit wallet.
Why choose @Minnowbooster?
Minnowbooster strives to provide a truly investor-class model for Steem investors who are either not good at curating content or do not have the time or inclination to do so and would prefer to earn a "Masternode like" competitive APR return on investment with daily payouts, and simultaneously empowering the community and stimulating the attention economy of the Steem blockchain.
Thank you again for your continued support as we work on providing the most socially beneficial toolset on Steem.
Our team will continue to move forward to equip you with the services you need to succeed on Steem!
What can MINNOWBOOSTER do for you?!
What? Currency Advantages Buy upvote SBD Earn an instant return Lease SP from market STEEM Increase your vote strength and curation rewards Delegate SP to market STEEM POWER Earn daily STEEM dividends Invest STEEM in MinnowBooster STEEM Earn daily SBD dividends Delegate SP to MinnowBooster STEEM POWER Earn daily SBD dividends Sell your vote to MinnowBooster VOTING POWER Earn SBD share of sells
CURRENT PARAMETERS:
Parameter Value Remarks Minimum Upvote 0.01 SBD Minimum SBD you can send Upvote comments? Can Be Enabled Profit Always Guaranteed! Varies with SBD price, but always receive more than send. Minimum Lease Purchase 1 STEEM Maximum SP Lease / Steem 1 STEEM/50 SP Price per week/Lease size Minimum SP Lease / Steem 1 STEEM/400 SP Price per week/Lease size Provide us with feedback
We are happy to hear your feedback about where we can improve.
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We are always looking to improve @minnowbooster and try to keep you up-to-date whenever something changes. If you have any suggestions about what we should change or add to @minnowbooster, then please write us a comment :)
Missed the BuildTeam announcement? Here's all the juicy details.
Minnowbooster is a @buildteam project by @thecryptodrive (witness) @cryptomancer and @reggaemuffin (witness)
Visit our flashy new website minnowbooster.net!
This is a @steemvoter subscription payment post. Thank you to Steemvoter customers for allowing us to use your Steem accounts to upvote this post by virtue of your free subscription to the Steemvoter.com bot service. @steemvoter is proudly a @buildteam subsidiary and sister project to @steemsports and @minnowbooster.
- You need to enable vote selling to @minnowbooster by sliding the button to green. Then you should authorize the bot to vote on your behalf. Then you can adjust the minimum Voting Power below which the bot should not vote on your behalf. Finally, do not forget to update your information. Too much to digest? See the screenshot below.
From my knowledge (correct me if I'm wrong) you guys are charging a 10% or 15% fee right? This has been the fact from the very start and since you guys have increased in volume dramatically, I assumed this would fall to 5% or even lower soon, but this hasn't happened yet!
I feel if you drop your fees and post some actual data regarding approx how profitable your service is for investors (like ROI per week, month, year).
Furthermore, I feel like you should advertise on other forums. Perhaps add an investment guide like "How to Earn Crypto With Your Crypto!" and talk about how you can earn Steem by selling your vote via Minnowbooster.
With added exposure, value and transparency, I'm sure you guys would bring in a lot of new users to your service and Steemit!
Our fee depends on usage and when usage spiked, we decreased our fee. The current fee is pretty stable and from our current metric we should rather increase it again (which we are not doing).
Since we are more than just a bot, but with customer service, abuse monitoring and many other background things that add up, going to a 5% fee does not look doable at the moment. And while the difference between 5 and 15 percent is huge for our business, the difference between 85 and 95 percent is not that big for the customer. And we rather offer a good service that can deal with all issues that may happen, instead of a margin business that has to go wild west style on issues with'no refunds'.
We are working on calculation tools and investor focussed pages, but one thing that selling your vote has is that is it dependent of steem price and sbd price and therefor historical data is not really accurate for the future and calculations have many variables. So while we like to give our investors as much data as possible, we don't want to mislead them with fake numbers that may work with the ideal case but are completely misleading in practice.
We offer an accurate ROI for market orders, as they are SP to STEEM, but votes are SBD to SP and there ROI takes into account when you convert, how often you vote, when you vote (regarding to steem price on chain) and how good curation is. We can give metrics for past behaviour but they are not easy to normalize from all these variables.
And we are working on many projects that bring investors to steem. Giving us a few percent more allows us to fund exactly that and also work on tools that we can offer for free :) It is a tradeoff and we opt for quality!
Nice reply! That makes sense. I've been using your services for a very long time regardless of what I said but I still think advertising outside of steemit and attracting other users might be a good idea!
Hi @reggaemuffin. Your service is great for a new minnow like me... I have been active on the platform for 41 days and I have put so much time and effort into so far to grow to nearly 50 SP.... I just transferred 0.6, 0.6 and 0.3 to Minnowbooster, and no upvote or refund.... Can you help me please, I am just a manual account, but I do try to send 0.01 to minnowbooster many times in close succession... I hope I am not blacklisted as a bot... I am not one... Just look at my content to see or ask me a question... Please help me here...
I actually have heard a lot about @minnowbooster and I plan on using its service in some couple of hours.
No wonder it becomes really difficult to buy large upvotes nowadays with the influx of users wanting to have their articles boosted it's normal to run out of voters with large enough SP. I guess I'll make do with small upvotes for now. Anyways thanks for updating us on this issue @minnowbooster, hopefully you guys could get more vote sellers soon.
Great service. I am trying to find a nice balance between delegating steem on the market place and having enough SP to earn some quality SBD. More information on comparing the profitability would be awesome. At least I am starting to build my steem balance which was ridiculously hard when just trying to manual or auto curate.
Thank you @minnowbooster!
Thanks for the update. I give minnowbooster a big thumbs up. I use their service for selling my votes, I get a return for my votes and I also get curation rewards too. So that is two added gained, plus I am helping out those new to steemit. I will also later be leasing to them. So I would say that I recommend their service. And I also use the bots for upvote. Try their service- I do not think you will regret it.
Hi, thanks for a good product that you offer.
Have you been considering offering a similar service like Smartsteem?
There are several upvotes gathered into a package that you can then buy. It might solve your problem of the only low upvotes available for purchase.
90% of the time it seems you can only buy an upvote worth 0.01 SBD.
Steem on!
I use many minnowbooster services and it is actually the best bot that I have used is more profitable than the other bots .. I am currently selling my vote in minnow and I have received help from minnow .. pity I will not be able to continue selling my vote .. since the delegations are a little expensive and I can not keep it since my blog is not very popular with some .. I would have liked to continue helping minnow with my service .. but the delegation does not leave me ... I can not keep it.
I think you should make some kind of queuing system for registered accounts or just stack smaller votes if the client so desires.
Minnowbooster has often been unusable these days and I had to use other services, even though I only wanted to support Minnowbooster.
I know it has been frustrating lately. We have been exploring several possibilities for improvement, although haven’t reached a really good solution yet. Hopefully you can be patient in the meantime and we can attract some more investor-class Steemians to sell their votes!
Thank you @techblogger for including my tutorial in the post. I am hopeful that it will help MB users quite a lot.
I have a feeling that MB is lacking an edge despite its efforts to fight spam and abuse. Increasing the user profit margin (from the current 85 % to at least 90 %, preferably more) will get you more voters.
I have been unable to use an MB boost for quite a while now. It's unlike MB.
I responded on the profit margin question already, I don't think that that will make a big difference in investor earnings. And if being sold out is unlike us then we have to put a daily limit of 5SBD or so on MB ;)
Let me read your reply. Don't get me wrong. MB remained my preferred promotion tool for the entire duration of my bots usage. Getting my send s returned multiple times wasn't what I was used to. MB has had a huge role in my rise. I owe this service a lot and that's one of the reasons I wrote a big blog about it.
I wish you and the minnows more success!
Fair enough!
I will delegate later :)
Thank you @minnowbooster for the informative article. Now I know how I would be able to sell my votes in the future. Though I won't be able to sell any upvote now considering my low SP but I'll surely do so in the future.