Lost Ninja - How I Work and How to Bid

lost-ninja (44)in #steemit • 6 years ago (edited)

Lost Ninja
How I Work and How to Bid

So, just in case you are unfamiliar with how bid bots work...

How Lost Ninja Works

Lost ninja is a bidbot so he works just like all other bid bots.

The only real difference is that all his liquid earnings from delegations are given away.

He votes every 2.4 hours with his entire 100% upvote.

He splits that vote each time proportionately between all bidders of that round.

For example, if your bid equals 10% of of all the bids for that round then you will get 10% of the total vote for that round.

You will basically never get the same vote for the exact same bid each time. Your vote entirely depends on the total bids and the size of your bid respectively.

Let me show you:

Lets say that 5 of you wonderful fish place a bid during one of my 2.4 hour rounds at the percentages below...

Lets also say that Lost Ninja's 100% Vote is worth $10.

The payout wouldl look like this:

Want to see another example?

Three fish bid for these amounts and percentages during the same 2.4 hour period...

If we assume that Lost Ninja's 100% vote is $10 again then the payout would look something like this:

Understand?

Now lets look at how to make a bid:

Transfer SBD or STEEM to @lost-ninja.
- In your wallet click the amount of SBD or STEEM you have in your wallet and choose "transfer".
- In the "To" field put @lost-ninja.
- In the "Amount" field put the amount of SBD or STEEM that you would like to bid.
- In the "Memo" field put the URL of the post you want me to upvote.
- Once all fields are filled in correctly hit the "Submit" button.
- Confirm the transfer.
- You may have to authorize by entering your active key and that is it!
- You have just sent your first bid!
Wait for the vote
- The voting rounds are 2.4 hours so it may take up to 3 hours to get your vote.
- Please wait at least 3 hours before assuming your vote did not come.
- If, after 3 hours, your vote has still not come then leave a comment on one of my most recent posts and I will look into it for you.