About ongoing Steemit content promotion and how much is invested

Promotion feature

Recently Steemit added a possibility to promote content with Steem Dollars. There were multiple and quite complex posts about this but an idea is pretty simple.

• you can send Steems Dollars to support any article (makes sense only for articles not older than 24 hours)
• this article will be shown in promoted filter ordered by paid price (article author doesn't receive any sent SDs but "just" a promotion = better place under "promoted" filter)

Current promotions

So far 4,585 Steem Dollars were paid to promote content. There are two major positive effects:

• content is more visible
• it reduces Steem inflation and Steem price pressure

What's next

I must say I always like how Steem creators are thinking about system sustainability. Although Steem(it) is not perfect yet and it still didn't prove to be mainstream one day, the individual steps seem right so far. Although I'm still waiting for better distribution model (as I've written in my many posts), this seems this might be a small step in a good direction.

But this is mainly a question for people who are hugely using promotion feature. What is your impression? Was your promotion cost worth the outcome? Will you continue to promote your content? And are you using "promoted" filter at all? Please share.

Disclaimer: this article was also promoted :)

Some Hints

• I'm not sure about how effective is to promote content with a small amount, I've promoted this one with 0.01 SD and post is listed on 14th page which makes is quite invisible. So for such a low SD amount promotion effect is almost zero. Still, there can be other people who can promote your content and small fragments of SD can accumulate. But this is just a hypothetical.
• If you really wish to promote your article to make it visible at first page, you need at least 60 SD at this moment. But this always changes and probably this number will go higher as this feature will be used more intensively.
• if you want to make (especially your) post visible, promote it with significant amount of SD. Promoting with insignificant amount of SDs (like 0.01 used for this article) gives you almost zero effect.