ISTEEMD ANNOUNCEMENTS
Dear Steemians,
It’s been more than 3 months since we are working tirelessly towards our mission of educating the investors about the passive investment opportunity in Steemit and have already succeeded in onboarding several investors who are happy with their daily returns. Steemit has proven time and again that it can consistently generate risk free returns of more than 15% APR for its investors even in such a bearish market thereby beating all the traditional investment avenues by a huge margin. And this is just the beginning.
Some people are not satisfied with just the money or the status quo. They want to make a difference to the community in a way that could benefit each and every one of us. One such person is @thejohalfiles who is our sponsor and who has supported us relentlessly to pursue our mission to make Steemit, a mainstream investment platform in the world. Thank you so very much for everything you have done for us.
Earlier, we used to charge 0.2% fee of the delegation amount to the bot owners in order to keep up with the operating costs. Thanks to our sponsor @thejohalfiles, now we do not require any fees to sustain our platform. So any bot owner can now get listed without worrying about the 0.2% fee which kept them away from listing their bot after sharing 100% earnings with their delegators.
We have included more intricate features in order to rate the bot’s trust and performance score more effectively. Also, our algorithm is more robust taking into account most of the corner cases for bots which behave a bit differently than others and which are coded somewhat uniquely. We are constantly optimizing our rating algorithm and improving the scores so as to better match the needs of the delegators as well as the users of the bots.
Spread Awareness about Steemit as much as you can. Through our collective efforts, we would increase the awareness of steemit not only as a blogging platform but also as an investment platform. We are also constantly trying to bring in institutional investors to steemit so that they could benefit from their investment and we all could benefit from the growth of steemit and steem to new all-time highs.
We believe that this is just the start of a huge transformation that the blockchain industry will bring to our world in the coming years.
Let’s be a part of the shift happening from centralization to decentralization.
Hello isteemd
Some time ago I had sent you 4 steem, putting your post address in the memo. Those steem are your savings Folder.
Is this blockchain mistake?
Hello ruchit. This is not a blockchain mistake. For sending this 4 steem, you must have clicked on Transfer to Savings instead of Transfer, by mistake. Anyways, it doesn't matter since you already got the upvote proportionately to your bid. Thanks
I recognize that you @isteemd and @thejohalfiles are trying to do good for this platform, however doing this will send out the wrong message to experienced investors. If I say so myself, I understand what investing is and I would be very wary first if someone promises me a 15% APR.
It is a true that a 15% APR is very high and very uncommon in the investing world. There is a reason for that, simply because it's mathmatically very hard to keep up a 15% growth.
So either way Steem is doing something good or your approach to voting bots profit is wrong.
So this bearish market doesn't effect my profits at all?? In two months the steem price has already dropped 50% to an investor this doesn't seem so profitable vs the 15% APR.
Remember I am not here to call you out, because I am also working on the good of the platform. I wanted to point this out, and I hope that you can convince me how you can assure a 15% APR to investors.
Hi @futurethinker. When we mentioned 15% APR, we meant the delegation market of steemit which is showing consistent risk-free returns for all the steemians who are already owning some amount of steem. However, the risk that you are highlighting is the steem currency risk that is definitely there since cryptocurrencies are very volatile. Thanks for pointing this out. We were just highlighting the fact that keeping the currency risk aside, if you are a long term steem investor, then the delegation market returns far beats any other market returns consistently which is a unique capability of steemit. Thanks for your inputs on this.
Thank you for responding @isteemd.
What I am trying to tell you is that this "currency risk" has to be accounted for. It is true that right now in a volatile market, it seems like it is seperate but it is not. Let's take stocks as an example. Some stocks payout dividends and some do not. Dividends can be compared to the profit you get from delegating. And the currency risk would be the stock price. Putting aside the currency risk, would be the same as saying that a stock is profitable if the dividends pay well while the stock price has declined more than you get from your dividends. I think that would not count as profit.
futurethinker is right
But even if the steem price does not drop, what about the 15% return? What's the economics behind it?
Also I have to appreciate the isteemd service as on of the best made here on steemit we have to look at the basic economics here.
So the APR should attract institutional investors. They delegate their voting power to you. You upvote whatever people are paying for.
By this there is ZERO economic value generated.
If you are successful and more and more investors target that passive income, less and less relative voting power will stay with those reading, curating and posting real content. So steemit profits only by inflow of fiat from the new passive investors into steem tokens and as soon as this ends it will all fall apart... This will just be the ultimate nail in the coffin.
If you find a way to offer differentiated pricing for your voting services in regards to the value of the content voted for this should be much better.
Hi, I Appreciate Your Work and I have just Upvoted You and I Hope return your favor https://steemit.com/blog/@steemuserfacts/google-launch-new-android-version-android-9-0-pie-must-read
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STOPHi @isteemd - be sure to check out @tipU voting service ;) sorry for messing around in your post, please accept this in return: @tipu upvote this post
Thanks @tipu. Will be checking you out soon.
This post is supported by 0.53 SBD @tipU upvote funded by @cardboard :)
@tipU voting service guide | STEEM Monsters Lottery | For investors.
You have recieved a free upvote from minnowpond, Send 0.1 -> 10 SBD with your post url as the memo to recieve an upvote from up to 100 accounts!
@isteemd about your request I tell you I think a lot how minnows have dificult to get rewards in curation. Some don't have enough SP to give a good upvote and others usualy only get about 10% reward of vote, and many lost vote as dust.
I made a CURATION TRAIL looking to help these minnows with a professional work searching promising posts with good content and great rewards. I spend most part of my day reading and choosing posts to upvote and looking for the right time to do that.
I have this little project on Steemauto trail and I don't have a great SP but its working as I get about 3.5 SP in rewards a week.
Your post was selected and voted by the curator @pataty69 project looking for excelent rewards on great content posts that can be followed on my trail at Steemauto.
Know my project: Curation @pataty69
Thanks @pataty69. Nice work with the curation trail. We will check out your project soon.
thank you for your support
You got a 83.33% upvote from @botcoin courtesy of @infoslink!
any changes to be expected for a browser ( not bid bot owner) of the site?
We will keep you updated in case of any changes to the site.
so , none for now ..atleast from what I can tell
How wonderful to know that I'm part of this great platform!! I've been telling my friends about this project to join in too!! Thank you for all you do!!!! Greetings from venezuela!!!
Thanks @betzy