@smartsteem - the smartest bid-bot available
Smartsteem.com offers multiple services. One of those is our bid-bot:
@smartsteem - the currently 2nd biggest bid-bot with over 2 Million Steempower, where you are able to buy votes by bidding for a share of a 100% vote. The votes are then cast every 245 minutes.
Over the last few weeks, we've analyzed the landscape of similar services and realized that there is big potential for improvement.
That's why we've made some changes to improve our service for our vote-bidders, delegators and for us, as well.
Problem: Overbidding
If you have used a bid-bot before, the chance is high that you were over-bidden at least once.
Which means: multiple users bid and paid more SBD & STEEM than what the vote was actually worth and the result is: loss of investment.
Paying 20 SBD for a 30$ vote (11.25 SBD + SP after Curation) is not fun and for many smaller users, a drastic loss.
There are different reasons for overbidding and we believe that we've eliminated nearly all of them.
Revenue Loss Limit
Our first measure against overbidding and pro-profitable & -neutral bids is through our Revenue Loss Limit.
We believe that a bought vote should be used for promotion and not in the first place for profit-reasons, however - as we've written above - losing a huge sum of money is not ok.
That's why we decided to put our Revenue Loss Limit at -10%.
This will protect you from losing your invested SBD & STEEM through overbidding - by putting your potential loss at a bare minimum of 10%.
But keep in mind that vote-bidding is still somewhat risky and not as guaranteed as instant votes from our vote-selling market, @smartmarket. (smartsteem.com for more info)
25% Curation as Default
Another reason for overbidding is that some people calculate their revenue without curation and create their post very shortly before the end of a bid-round and bid on it.
While this is lucrative for the individual as they don't have to give away 25% of their vote-revenue to @smartsteem (due to the young post-age) - it however totally destroys everyone's profitability who bid on an older post or earlier in the bid-round.
That's why we've implemented the change that posts will be upvoted as soon as they are 30 minutes old (=25% curation).
Example: If a user submits a post which is 10 minutes old, when the bid-round starts, then we will wait 20 minutes until the post is 30 minutes old and then vote.
This gives everyone the same profit-calculation and the same risk of overbidding (but max. -10%) - which will prevent egoistic voting.
More balanced payouts
While writing this post, @smartsteem has over 2 Million Steempower from users who are delegating to @smartsteem and in return receive 95% of the daily-revenue. (smartsteem.com/delegators)
We believe that the changes above will result in more balanced payouts and most importantly: less frustrating bidding.
Additionally, the guaranteed curation revenue for smartsteem will help us to keep the payout-percentage as high as possible (95% is a very solid number) while still having enough revenue to keep developing and enhancing smartsteem.com.
Last but not least ...
We want to thank every single one of our delegators for supporting and delegating to @smartsteem!
THANK YOU!
Our Recent Posts
Disclaimer: This post has been up-voted via @smartsteem and all delegators have been credited accordingly.
Hey, @smartsteem @therealwolf
Nice to see you growing so big so fast. No wonder that yor're a leader in delegation market.
But... How exactly do you solve overbidding?.. You just push overbidders to the next round or what?
Awesome post.
Nice one @smartsteem great to know that some bid bots are pushing the boundaries of being a good responsible bot for the community!! Well done future will improve this further!! I enjoy supporting and hope to delegate soon
This is a wonderful question, been wondering the same myself. If steemit becomes more mainstream, I could see this becoming a massive problem with a bid bot influx shortly following.
Nice to know about smarteem.
Hi @lorner! =)
Hello @friendly-fenix.
Did you try @smartsteem? =)
I didn't try @smartsteem.
I think bid-bots can be good, (but we have to use: https://steembottracker.com
to see what bots are active and profitable). I am going to try @smartsteem next time I get a chance.
Ohh really OK maybe next time. My friend
@smartsteem is fucking upvoting service . I send 30 sbd but he can not upvote my post .
https://steemit.com/steemit/@joy69/top-5-cryptocurrencies-i-like-2018
Fucking upvoter
Fucking upvoter
Fucking upvoter
Back my sbd
Wait, you posted that garbage on steemit clogging up the blockchain with that shitty fucking poor excuse of a post and you're complaining about losing money. You're lucky they gave it back to you.
Why don't you sell your steem and go buy your other 5 top cryptos them you provide no value to this blockchain.
I'm using smartsteem to promote all of my blog posts now. Knowing that I haven't ever supported bid bots, this is quite a personal revolution for myself :-)
Quality always rules.
You're nickname tells the whole story. Investing in @smartsteem is currently one of the smartest ways to re-invest in your own blog and the platform itself. Maybe it's even the very best way.
I guess your competitors will lose a huge amount of clients in the near future that'll all start to use your services... And they'll do quite well doing so :-)
Great job!
Resteemed
Hope @smartsteem will be a real profitable bot.
Nice ..
Yes, we must be confident of ourselves, this is the basis for doing anything correctly
Well done .. great post
.
I liked your work, well done
Thanks for your positive tips
Great post
@smartsteem - thank you for a great service and for the improvements.
I have delegated all my SP to you guys, as I really enjoy what you are doing and putting the community first!
Do not support withdraw auto?
2 Million Steempower delegation is simply amazing. Unbelievable achievement for a young service!
there are so many bots out there but to be one controlling over 2 million SP it is proof they you guys @smartsteem is doing a fine job. Thanks.
Thank you smartsteem ! Good continuation !