Introduction
The
Burning Bid-Bot has been running for 24 days and we have noticed that it couldn't compete with the rest of the bots due to the fact that delegators only received 50% of profits because 40% of the profits were burnt by sending them to 
, this significant reduction caused the community not to delegate that is why we have updated profit percentages to benefit everyone while still helping reduce the Steem supply through the burning process.
100% of profits goes to delegators
We have found the solution to both maximize the delegators earnings while burning Steem that is why from now onwards all the bids that the
Burning Bid-Bot gets will be distributed to the delegators accordingly to the amount of Steem Power they have delegated.Example
Bob delegates 1,000 Steem Power to the
Burning Bid-Bot, supposing that the Bid-Bot has 10,000 Voting Power and that day it earned 9 SBD and 1 STEEM Bob would receive 0.9 SBD and 0.1 STEEM that day corresponding to his share.Why have changed profitability from 50% to 100% (an increase of 100%)?
We believe the 100% profits will encourage more steemians to delegate and the more Voting Weight that the
Burning Bid-Bot has the more Steem it will be able to burn.
Curation rewards distribution
15% of curation rewards will go to the largest delegator/sponsor
You heard that right, if you are the largest sponsor of the
Burning Bid-Bot you will receive 100% profits from your delegation plus 15% of all the curation rewards on a weekly basis that the Burning Bid-Bot generates when voting, this will give an outstanding ROI for the largest sponsor, even bigger than if he/she hosted a bot on their own!!
5% of curation rewards will go to to reduce the STEEM supply
You are not only receiving 100% of profits you are also reducing the STEEM supply making every STEEM that you or others hold even more valuable. STEEM will be burnt on a weekly basis.
Future updates
We aim to make the
Burning Bid-Bot one of the largest Bid-Bots in the Steem ecosystem that is why we will:-Never change the profits earned by delegators, it will always be 100%
-As new Delegated Steem Power comes in we will increase the curation rewards percentages to:
-Increase curation reward percentage that the largest delegator/sponsor gets
-Increase curation reward percentage that is burnt
-Fund Steem Growth projects with a percentage of curation rewards to make Steem a better blockchain that it
is(Future project)
Delegate Now to earn daily payments of SBD/STEEM (100% of the Bid-Bot profits)
Bonus: If you are the largest delegator/sponsor you will receive 15% of the curation rewards generated on a weekly basis.
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Rules for using the Burning Bid-Bot
-Bid rounds every 2.4 hours
-Minimum bid is 0.01 SBD/STEEM
-Min age 30 minutes/Max age 3 days
-The
Burning BId-Bot doesn't promote spam or plagiarism, if you want to report one of this cases message in steem.chat and we will evaluate whether the vote should be removed or not.
Feedback
Join the discord server of the Burning Bid-Bot
You can contact us through steem.chat our nickname is lrd.
Happy burning time,
