The Curation Project of the Burning Bid-Bot
Introduction
If you have read our last post then you will probably know that the Burning Bid-Bot is not only offering 100% of its earnings to its delegators, it is also sharing the curation rewards that it earns when upvoting, this curation rewards will be used to support 5 projects that have as a focus to:
- Increase delegators earnings to provide a greater Return On Investment (ROI)
- Provide a stable source of income for delegators
- Burn Steem constantly to reduce its inflation rate and encourage more investors to come
- Curate good content and give minnows an opportunity to earn Steem and enjoy posting on the Steem Blockchain
- Provide whales an opportunity to earn almost as much as with self-voting and support the Steem community through good content curation and Steem burning
- Curation Project
- Burning Project
- Increased Revenue Project
- Whale Project
- Backup Fund Project
All 5 projects will be activated at once as soon as the @lrd Burning Bid-Bot reaches 100,000 Steem Power, here are the following percentages of curation rewards that each project will receive according to the amount of Steem Power the Burning Bid-Bot has:
Burning Bid-Bot Roadmap
Currently
- 100% earnings go to delegators
- 15% of Curation Rewards go to the largest delegator
- 5% of Curation Rewards are burnt
100,000 Steem Power Milestone
- 100% earnings go to delegators
- 10% of Curation Rewards go to the Curation Project
- 10% of Curation Rewards go to the Burning Project
- 10% of Curation Rewards go to the Backup Fund Project
- 10% of Curation Rewards go to the Increased Revenue Project
- 5% of Curation Rewards go to the Whale Project
500,000 Steem Power Milestone
- 100% earnings go to delegators
- 15% of Curation Rewards go to the Curation Project
- 15% of Curation Rewards go to the Burning Project
- 15% of Curation Rewards go to the Increased Revenue Project
- 10% of Curation Rewards go to the Backup Fund Project
- 5% of Curation Rewards go to the Whale Project
1,000,000 Steem Power Milestone
- 100% earnings go to delegators
- 25% of Curation Rewards go to the Curation Project
- 25% of Curation Rewards go to the Increased Revenue Project
- 15% of Curation Rewards go to the Burning Project
- 10% of Curation Rewards go to the Backup Fund Project
- 5% of Curation Rewards go to the Whale Project
5,000,000 Steem Power Milestone
- 100% earnings go to delegators
- 25% of Curation Rewards go to the Curation Project
- 25% of Curation Rewards go to the Burning Project
- 25% of Curation Rewards go to the Increased Revenue Project
- 10% of Curation Rewards go to the Backup Fund Project
- 5% of Curation Rewards go to the Whale Project
Curation Project
The Problem
There are very few curators nowadays making it almost impossible for a minnow to receive the juicy upvote they need to keep motivated enough to not give up on Steem and keep on posting quality content which is what Steem is looking for.The Purpose
The purpose of the Curation Project is to give the chance to minnows to get upvotes for writing quality content.How will it be done?
The main account
All the Steem Power that the Curation Project receives through the Curation Rewards that the Burning Bid-Bot generates and are assigned to fund this project will be powered up in the main account which is @curationproject.Curator accounts
There will be multiple accounts that will be created, this accounts will receive delegations from the main account (@curationproject), all the curation rewards that these accounts generate will be powered down and powered up into the main account (@curationproject).Human curators
This is the most important aspect of the @curationproject, all of this accounts that will be created with delegations will be given to users that want to participate in the project (they will receive the posting key to the corresponding account), these are the following rules that this curators will have to follow:- Only upvote content that you consider to be good
- You can only upvote one of your posts once a day
- Try to be as active curating as possible
Content regulation
Curators will also be able to flag posts which don't provide any value to the Steem Blockchain. Flags will have to be because the post is a bad one, it will not be because of the person who posted it.What if the curator turns evil?
In the unfortunate case in which a curator that has been given one of this accounts is misusing the account by upvoting themselves or upvoting obvious non-quality posts the passwords for that account will be changed and that account will be given to other person (anyone will be able to report when a curator turns evil through our Discord).Leveling system
If a curator is doing a great job and is being active he/she will be able to receive a higher delegation amount from the @curationproject account resulting in more earnings for them (that person is able to upvote themselves once a day) and a greater reward for the minnows that receive their upvotes, the better curator that person becomes the higher the amount of SP that will be delegated to the account that has been given to him/her.Conclusion
The main idea for the @curationproject is to create a community of curators that cover as much tags and writing styles as possible giving minnows the opportunity to earn Steem by simply posting good content on the topic they like. Having more human curators will also encourage more people to join the platform since they will see it is possible to get rewarded for posting in Steem instead of posting on other social media.Where will funding come from?
As soon as the @lrd Burning Bid-Bot reaches 100,000 Steem Power this project will be activated and start creating accounts to give to human curators so in order to fund this project you only need to delegate to @lrd, this is also a great investment since you will receive 100% of the earnings that your share generates and you will support other initiatives such as the Burning Project which has the aim to reduce the amount of Steem through burning: Make sure to delegate as soon as possible because we are also giving a welcome bonus of 3.5 Steem per 1000 Steem you delegate till we reach 100,000 Steem Power because we want to activate this amazing projects as soon as possible:Delegate!!
If you want to create a custom delegation to the @lrd Burning Bid-Bot click here10 Steem Power
20 Steem Power
50 Steem Power
100 Steem Power
200 Steem Power
500 Steem Power
1000 Steem Power
2000 Steem Power
5000 Steem Power
10000 Steem Power
20000 Steem Power
50000 Steem Power
100000 Steem Power
A list of what makes the Burning Bid-Bot unique
- 100% earnings for delegators
- It shares a big chunk of the curation rewards it generates
- It has 5 projects to amplify its effectiveness: Curation Project, Burning Project, Increased Revenue Project, Backup Fund Project and Whale Project.
- It has a welcome bonus for delegators
- Delegators can suggest changes and if good for the bot they will be applied
- Random lottery
- Giveaways (currently we have a ChibiFighter giveaway)
Premium Bonuses for delegators
Welcome Bonus
If you are delegating to another Bid-Bot and are worried about delegating to the Burning Bid-Bot because you'd lose the earnings from 7 days (the amount of time it takes to undelegate) then you've come to the right place, we are currently offering a bonus in which after delegating you will receive 3.5 Steem per 1,000 Steem delegated so you have no excuses not to delegate to the @lrd Burning Bid-Bot, this bonus will only be available till we reach 100,000 Steem Power so hurry up! You can claim your Steem through Discord.
Large delegator bonus
If you delegate 5,000 Steem Power or more you will receive 1 Free Chibi Founder, there will be a total of 3 Cibis gifted so hurry up! You can claim your Chibi through Discord.
Chibifighters Giveaway
We are giving away 2 Chibi Founders of Gen 0, in order to participate you only need to delegate at least 10 SP to the @lrd Burning Bid-Bot. Winners will be announced after we reach a minimum of 20 participants (so far there are 10 participants).
Promote your post with the Burning Bid-Bot
If you want to promote your post you can do so by sending a minimum of 0.01 SBD/STEEM to @lrd with your post url in the memo.
Rules & Terms of Service
- Bidding rounds every 2.4 hours
- Min bid is 0.01 SBD/STEEM
- Max ROI is 10% after curation rewards
- Min ROI is -10% after curation rewards
- Min Post age is 15 minutes
- Max Post age is 3 days
- Spam is not allowed (you can report it in Discord)
- Plagiarism is not allowed (you can report it in Discord)
- This bot doesn't upvote comments
Join us on Discord
Must Read!
This post has been heavily promoted to get maximum exposure, we have created this bot having the community in mind that is why we want the community to know about it and suggest new and creative ways to keep improving the Burning Bid-Bot in a way that it is profitable for delegators and that benefits the entire Steem community through projects.
Happy burning time,
A list of what makes the Burning Bid-Bot unique
You got a 30.84% upvote from @emperorofnaps courtesy of @safedeposit!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
THIS IS VERY NICE..
This is great project with the community in mind, thank you so much @lrd , I really appreciate it.
This is exactly what STEEMIT should not be about. If I am understanding the project, this is a bot that upvotes everything?
Wrong!, the Bid-Bot will upvote the ones who bid unless they are blacklisted.
The Curation Project will only upvote quality content and flag useless content.
2$ PRESENT IN CLOUD MINING!!!!
Steemit is very fast money laundering! This is the biggest online earner platform in the world Which will pay for the publicity of its customer's post.
Incredible project, this call my attention
interesting ..
Good luck to everyone in his work .. just work
Well done on your search..
this seems pretty solid. gonna look into delegating when i stop my partial power-down.
If you have any questions about the Burning Bid-Bot feel free to ask.
thanks for the info
This is very neat. So we just have to delegate our SP and we get the welcome Steem bonus. Also, how do we get share 100% of earnings? Do we receive SBD/SP for delegating power to you to upvote. I hope to hear back. This is a great cause for Steemit, to help the stakeholders and minnows out!
Join the discord where you can ask him there :)
thank you Advisory Board
In our current situation (having the bot less than 100k) you will receive 100% of the earnings that your share generates, 15% of the curation rewards that the bot generates (if you are the largest delegator), and contribute through burning due to the fact 5% of curation rewards are burnt.
Once the bot reaches 100,000 SP it will generate enough Steem from Curation Rewards to start activating all five projects, in that moment the Curation Project and the other projects will start receiving direct funding from each weeks power down.
Still trying to understand the meaning of all these. I will keep reading and will look out for further information. Bidbots was my favourite topic during my first week in Steemit. At this point, I am exploring more options. Maybe I need to explore the delegation option now.
If you have any questions about the Burning Bid-Bot feel free to ask.
Like the project a lot, one question though, Is this bot only going to start to work when it reaches 100000sp? So, if I would delegate now I would have to wait and would have no return till it reaches 100k?
The bot is already working and is paying out 100% of its earnings to delegators, burning 5% of Curation Rewards and giving to the largest delegator 15% of the Curation Rewards.
The difference between the current situation and when the bot reaches 100k SP will be that 45% of Curation Rewards (increasing the more SP the bot has) will be distributed among the 5 projects.
If you delegate now you would only have to wait for one round to end and then the next round will pay you, you would receive your first payout within 48 hours plus your welcome bonus which you can always claim through Discord in case we forget about it.
Wow, im acctually impressed and i would like to support your project soon!
But im powering down right now to buy a good gaming pc.
Don't worry, we are here for the long run so take the time you need to know more about the Burning Bid-Bot
This post has received votes totaling more than $50.00 from the following pay for vote services:
smartsteem upvote in the amount of $286.75 STU, $503.85 USD.
appreciator upvote in the amount of $261.52 STU, $459.53 USD.
upme upvote in the amount of $126.46 STU, $222.20 USD.
buildawhale upvote in the amount of $96.85 STU, $170.18 USD.
postpromoter upvote in the amount of $89.12 STU, $156.60 USD.
therising upvote in the amount of $33.26 STU, $58.44 USD.
For a total calculated value of $894 STU, $1,571 USD before curation, with approx. $223 USD curation being earned by the paid voters.
This information is being presented in the interest of transparency on our platform and is by no means a judgement as to the quality of this post.
Must Read!
This post has been heavily promoted to get maximum exposure, we have created this bot having the community in mind that is why we want the community to know about it and suggest new and creative ways to keep improving the Burning Bid-Bot in a way that it is profitable for delegators and that benefits the entire Steem community through projects.
Nice!
Saludos, Maravilloso...
I’m seriously curious as to why your project (and some others) feel the need to control inflation with burns at this very early stage. Not a knock or criticism, just a genuine question and concern.
With inflation currently under 10% and falling, we’re easily growing at a rate to support it.
There are roughly 250 million Steem currently among 1 million users for an average account value of 250 Steem. The median value is much smaller since Steem is not evenly distributed. Let’s imagine we hit 10 million users in a year and Steem supply has grown to 275 Million. Average account value is 27.5 Steem with a median account of probably under 5 Steem I’d guess. Keep extrapolating and you can see my concern. Steem is already on track to be a very scarce asset. To me inflation just doesn’t seem a problem, and burns only benefit high Steem amount holding individuals, possibly actually harming small user engagement and depressing price more than it helps.
Through burning every Steem holder is rewarded, that is why we implemented it.
However, if most of our delegators agree on changing the Burning Project and distributing the funds that will be allocated to it we will most certainly change it and distribute those funds among the other projects.
Thank you for the suggestion, we will keep it in mind.