Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through regular upvotes to member content.

Sustainability Coverage and VP Management

Sustainability Coverage is currently at 86.70% and rshares reward rate is 693,602,500 per SBI unit per day.
The rshares reward rate for bonus units (delegation reward) is not decreased, but also returns curation rewards to our delegators. You can help increase the sustainability coverage (and thus the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read Into the Heart of Sustainability.

Upvoting Bonuses

Each time we receive author rewards for a post or comment by any official SBI account, we check the value that each member added to the reward. That value will be added to the member's balance, with a multiplier of 1.10x.

For example, if you upvote this update by $0.10, then $0.11 would be added to your balance when the post pays out. In most cases, this means that a vote for SBI is more profitable than a self-vote. You are rewarded directly for your contribution to the long-term sustainability of the program! You do still have to be enrolled in @steembasicincome to receive this benefit.

This is a great way to boost the Steem Power for program accounts. If your program (or account) does any self-voting to build a permanent SP base, please consider upvoting @steembasicincome each day instead.

(Official SBI Accounts: @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9, @sbi10, @sbi-booster. Our automated system dynamically selects the best account to deliver your upvote at the time of upvote delivery.)

Steady Growth

We currently have 4848 members that have posted or commented within the last 28 days. Members that are not posting continue to accrue their voting balance, and upvotes will resume automatically when they return. There are currently 166810 subscribed units in the program, up from 156289 last time we published this report nine days ago.

Support from Members

Thank you all for your support! Upvotes that we receive from members are an important component to keep delivering a sustainable basic income! Our base SP growth is still partially dependent on our small self-voting percentage, but we hope to decrease that dependency as more members recognize the benefits to increasing their auto-votes under the new rewards system.

Here is a visualization of our incoming votes for the last week.

_{source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7}

It is important to note that this 2.2% self-vote means that 2.2% of our received upvote value was from our self-votes, not that 10.5% of our voting power was spent on self-votes. In fact, we only spent 1.01% of our voting power on self-votes, and we would be comfortable with spending more.

_{@steemsql data visualized in Power BI by @josephsavage}

This is a trend that I'm not happy about. VP is still recovering, but now that leasing costs are dropping, we will pick up the pace for our self-voting this week and try to make this trend-line go positive again.

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, enrollment is pretty straightforward:

Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 unit in the program. You can sponsor any active Steemian, it does not have to be a current member.

If you're unclear, please check out our full transaction memo guidelines and then let us know if you have any questions.
https://steemit.com/busy/@steembasicincome/transaction-memo-guidelines

The official currency for enrollment is STEEM. If we choose to accept SBD without refunding it, you do not receive extra value for it.

Enrollments are processed automatically every 144 minutes.

Questions about Steem Basic Income?

Please read our recently published FAQ. Most questions are addressed in our FAQ or in the additional resources that it suggests. If you still have questions, ask in the comments section or join us in our discord channel.

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