MinnowBooster Update Log #16steemCreated with Sketch.

in #minnowbooster7 years ago (edited)

Hey there, @bulleth here with the latest update on MinnowBooster paramaters.

As you have probably noticed, voting power on the bot has been steadily declining and is now around 60%. As such, we are changing the $7 per week limit back to $5 per week. This will hopefully allow the voting power to start recharging naturally again.

Also as the voting power is so low, we are having to raise the minimum send to $1 SBD. This is because if the voting power declines any further, 0.5 SBD votes will become unprofitable. Hopefully this change is only temporary and we will keep you updated. In case this change temporarily prices you out of using the service, we recommend using the @discordia voting bot which has a low minimum of just 0.10 SBD.

Now for the good news, as well as the above changes, we are also upping the maximum daily send to $5. This is once again a matter of profitability, instead of spreading your five $1 SBD upvotes out over the week, you can put them all on one post if you wish. This means you should still be able to turn a nice profit, even at the current low voting power.

Now for the DLM, we recently halved the market rate on SP leases and the market was swamped with unprecedented demand. This was great for the people who got in early, but eventually our delegators simply ran out of SP to spare at the current promotion rate. There are currently more than 50 orders sitting in the market unfilled. We are working on variable pricing and this should be available very soon, but in the mean time, we will be raising prices to offset demand and incentivise delegation. Until variable pricing is introduced, the rates for leasing SP will be as follows:

  • 150 SP for 4 Weeks will cost 4 STEEM
  • 75 SP for 1-3 weeks will cost 1 STEEM (per week)

With this change, we are aiming for the middle ground between our original price structure (not enough demand) and the promtional pricing structure (too much demand). Leasing SP for curation should still be profitable at these new prices.

That's all for today, we appreciate your patience as we fine tune our paramaters and try to develop a bot that meets the needs of all our customers. Feel free to contact us on discord if you have any questions.

Thanks guys!


What can MINNOWBOOSTER do for you

What?CurrencyAdvantages
Buy upvoteSBDEarn an instant return
Lease SP from marketSTEEMIncrease your vote strength and curation rewards
Delegate SP to marketSTEEM POWEREarn daily STEEM dividends
Invest STEEM in MinnowBoosterSTEEMEarn daily SBD dividends
Delegate SP to MinnowBoosterSTEEM POWEREarn daily SBD dividends

Read the full-featured how-to guide here:

https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta

NB! The above is an introduction post to get you familiarized with the services Minnowbooster offers. Please read it before using Minnowbooster services. Since inception we have updated many paramaters for the voting bot and DLM. You can find the most recent paramaters below or at minnowbooster.net



CURRENT PARAMETERS:

ParameterValueRemarks
Minimum Upvote1 SBDMinimum SBD you can send
Upvote comments?NO
Profit at 100% VP3 timesCheck VP at steemnow.com
Daily Limit5.0 SBDMaximum you can send in 24h
Weekly Limit5.0 SBD7 day maximum
Minimum SP Lease1 STEEM
1-3 Week Lease1 STEEM/75SPPrice per week/Lease size
4-24 week Lease1 STEEM/150SPPrice per week/Lease size

Provide us with feedback

We are happy to hear your feedback about where we can improve.

Minnowbooster Discord - Join our Discord for support and to connect with us

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 :) If you make a great suggestion and we implement it, you may even get rewarded with BUILDTEAM ... So make sure you include your Bitshares username with your suggestion!

Don't have a Bitshare's account? Create one here.

Missed the BuildTeam announcement? Here's all the juicy details.


And last but not least, here's our cute little footer made by the most epic @ryivhnn! Yes, there are cute little minnows floating around!


Minnowbooster is a @buildteam project by @thecryptodrive @cryptomancer and @reggaemuffin


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.

Sort:  

Hello, my 4 weeks lease of delegated SP was supposed to be expired on Aug. 26 because it started last July 26. Today, Aug. 22, it has been cut off/expired 4 days too early! Why? Can you please restore or refund for the remaining 4 days?

last week, I spent 200 STEEM to borrow 10K SP for FOUR weeks.. now the price has gone up to 266.67 STEEM... so my question is: can I lease these 10K STEEM (delegated) back so that I can earn 66.67 difference?
Please could you advice? thanks.. I am serious.

Wise consideration!

@justyy and @incrediblesnow Sorry you can't lease out your delegated steem because of obvious reasons but you can lease out your non delegated steem Power if only is above the minimum of 75 SP and above. Hope your question has been answered? Write me if you still find it confusing. From Your friend @jimscope

Thanks. I know the answer. it makes sense.

Thanks for this great service! I have two questions but still can't find the answer anywhere, please could you kindly advice?

  1. how to cancel or amend the SP delegation to @minowbooster ?
  2. as to powering up @minowbooster , do we get the STEEM (initial investment) back ?

Thanks.

cool

Minnowbooster is absolutely amazing. Both the leasing and the upvote bot are brilliant. Thank you for this great service.

I think the 150SP for four weeks offer is still interesting enough to go for.

And the change to be able to send a 5 SBD upvote for the entire week is also great because that saves a lot of effort.

ok :)

Very good post @minnowbooster. Thankyou for sharing.

@minnowbooster sent u 3sbd ....but i m yet to recieve any delegated SP on lease.....instead u have sent .001 SBD

No problem, we have changed the app to now refund memos that don't fit the description.

Good changes in my opinion! Nice to see that you actually take the time to show your train of thought :). Good luck with the platform!

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 91841.68
ETH 3134.29
USDT 1.00
SBD 3.07