Hello everybody,

we often get asked how much a sponsor of smartsteem earns and if it is profitable.

The short answer is: yes, it is profitable.

And how profitable? Well, this is what we'll cover in this post.

But first of all..

What is a sponsor?

smartsteem offers different services. And one of these service is a bid-bot.

The bid-bot operates with delegated Steempower from other steemians - also called Sponsors.

These Sponsors earn 90% of the profit generated through the bid-bot. Which means: while @smartsteem is doing all the work, the sponsors receive the majority of the generated profit.

To make this a bit clearer - we'll use @xeldal as an example since he is delegating to @smartsteem for the longest time (a big big thanks to you, @xeldal !!)

As of writing of this post - the duration of xeldal's delegation of 20.3k STEEMPOWER is 26 days.

In these 26 days - xeldal generated 188 STEEM and 42.464 SBD - which converted to USD is worth around 1200 USD right now.

The only problem with this calculation is, that due to the extreme price increase - the true amount generated is more dynamic and not that easy to calculate. This is also why we haven't calculated the amount that would have been generated with pure self-upvoting - again due to the dynamic of the STEEM price.

The other benefit of sponsoring

We hope that we could proof, with this example, that delegating to smartsteem is indeed profitable.

But some people don't really care about making profit - especially when it's about bid-bots.

We are pretty sure that xeldal didn't delegate because he wanted to make money with it but most importantly to support the steemblockchain by supporting @smartsteem.

And this is the other benefit of delegating to smartsteem.

Benefit: You support @smartsteem

As we said in the beginning of this post - smartsteem offers multiple services. smartsteem is not only a bid-bot but much, much more. And our goal right now is to build the foundation which we can use to bootstrap other, more innovative ideas.

Especially since the team behind smartsteem is very small - only @therealwolf and @artbunny - so we don't have a lot of mouths to feed and can be as effective as possible.

How do I delegate to smartsteem?

You might be interested now in delegating to smartsteem, but you don't know how start?

No problem! Simply read our detailed guide that we have written exactly for delegating to smartsteem:

https://steemit.com/steem/@smartsteem/guide-how-to-delegate-to-smartsteem-and-earn-profit-shares

What is the minimum delegation amount?

While xeldal has delegated a huge amount of 20k SP - a lower amount of around 5 - 10 SP is also fine. It will generate much less - of course - but you will still receive the same 90% profit-share.

Any more questions?

If there are things unclear for you or you want to know more - please let us know in the comments below or join our discord. Link at the bottom of this post.

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What does smartsteem offer?

• Bid-Bot through smartsteem - send URL as MEMO to @smartsteem - votes are every 2.4h - both SBD & STEEM accepted - check on bottracker for current status.

• Buy Instant-Upvotes through smartmarket - profit guaranteed - send URL as MEMO to @smartmarket - both SBD & STEEM accepted.

• Sell your Votes with @smartmarket and earn up to 98% of your voting-power as revenue - you can enable it here: https://smartsteem.com/features

• Delegate STEEMPOWER to @smartsteem and earn profit-shares of the bid-bot proportionate to your delegated amount. We pay out 90% of our profits! Go to https://smartsteem.com/sponsors and check out this post: https://steemit.com/steem/@smartsteem/guide-how-to-delegate-to-smartsteem-and-earn-profit-shares

Our amazing Sponsors who receive 90% of our bid-bot profits:

@xeldal - 20.300 SP
@therealwolf - 15.500 SP
@drorion - 3.000 SP
@motoengineer - 3.000 SP
@lires - 250 SP
@tipu - 100 SP
@doinglean - 850 SP
@marty-art 100 SP
@felander - 100 SP
@jpederson96 - 85 SP
@vidafitnessveliz - 50 SP
@detlev - 50 SP
@haxmat - 50 SP
@juanv - 40 SP
@yogesssh - 50 SP
@plushzilla - 25 SP
@danielwong - 15 SP
@fatkat - 10 SP
@chnorris - 10 SP
@reko - 10 SP
@here-could-be-your-name

Who is behind smartsteem:

@therealwolf
@artbunny

Join us on discord

If you have any questions, feedback, want to collaborate with us or something else you want to tell us - come and join our discord! :)