Welcome to the #12 Daily Edition of s77Assistant report.
New Functionality Available!!!
Enhanced SteemBasicIncome (SBI) functionality.
Most steem members know about SteemBasicIncome and how it works.
If you don't know what SBI is read this post.
EnhancedSBI is a s77assistant functionality that allows you to earn 50% more SBI / Steem.
s77assistant is not SteemBasicIncome and don't have the same functionality it is only a middleman that increase your steem by 1 for every 2 your send.
You will get your SBI and your votes from SteemBasicIncome and not s77assistant.
enhancedSBI already used 5 times and sends 15 STEEMS to SteemBasicIncome of which 10 was from members and other 5 from s77assistant).
Eligible members.
EnhancedSBI is available only to active members that delegated SP to s77assistant.
How EnhancedSBI works.
- You send a fixed amount of 2 steems to s77assistant with memo 2for3.
- s77assistant read the memo and enable enhancedSBI. you will earn SBI and not points for this transaction.
- s77assistant increase your amount by 1 steem and send a total of 3 steems to SteemBasicIncome with your username.
- SteemBasicIncome gives you 3 SBI shares (2 from your payment and 1 from s77assistant EnhancedSBI functionality)
enhancedSBI Rules.
- enhancedSBI has a fixed amount of 2 steems ( subject to change in future if s77assistant grow enough)
- You have to include 2for3 text as memo only.
- if you send more or less the transaction will be canceled and you will be refunded.
- if you send SBD with memo 2for3 they will be converted to points and not SBI shares.
EnhancedSBI Limitations
Because s77assistant pays for the third steem of every EnhancedSBI transaction this functionality is limited to s77assistant steem balance and can be used only once per day per eligible member. This is to secure that more members can benefit from this functionality.
At current time s77assistant can support only 15 transactions.
Changelog
| 21/7/2019 | EnhancedSBI functionality enabled |
| 14/7/2019 | s77assistant will inform two unregistered seven77 members every hour about his existence. this is an one time message only |
| 14/7/2019 | s77assistant now select a random post that is less than 4 days old to vote and not the last post |
| 14/7/2019 | Fixed an issue that tag people that don't want it anymore |
| 13/7/2019 | s77assistant will replay to all posts that include introduceyourself tag that are less than 5 days old and inform them about seven77 challenge and s77assistant existence |
| 13/7/2019 | I am removing tagname list because too many complaint about that |
Purpose
s77Assistant was created by 
Eligible users
Every user that is a member of seven77 network can benefit from s77assistant.
How to enter
Registration is automatic, you only have to be a follower of s77assistant.
Point System
s77Assistant is based on a point system. Members with more points get higher votes and they have higher priority.
How it works
Every day at midnight s77assistant will update all users data (delegation, points etc) and will recalculate every variable.
maxPointsPerVote will be calculated with the following formula:
maxPointsPerVote = totalMemberPoints / (8 to 10 votes)
Every time vote power is reaching 100% a member will get a vote.
First two full votes will go to two random registered members without any points to support weak seven77 members.
After that the rest 16% voting power (or 20% if there are not any zero point members) will be shared between all s77assistant members based on the following formula:
VoteWeight = currentMemberPoint / maxPointsPerVote
If for any reason a member has more points than maxPointsPerVote that points will not be wasted instead it will be used as a boost to other members.
Spare voting power after all above members got their vote will be shared among other unvoted members.
Earning Points
There are 2 different ways to collect points (for now):
1. Delegation
SteemPower is the key for s77Assistant to work and delegators must be rewarded for that.
More delegated power mean that each vote worth more and the ROI is higher.
Once a day each member that delegated power to s77Assistant will increased his points based on the following formula:
pointsPerDay = delegatedSP * SteemSBDRatio / 7
Example:
if dragonblades delegates 175SP and 1 steem worth 0.4 SBD then each day he will get 175 * 0.40 / 7 = 10 points.
2. Transfer SBD/STEEM
Another way to increase your points is by sending SBD or STEEM to s77Assistant.
For every SBD you send you will get SBD * 100 points ( min 1 SBD )
For every Steem you send you will get Steem * SteemSBDRatio * 100 ( min 2 Steem ).
Steem/SBD will be used for other functions that are not implemented yet to s77assistant.
Voting Rules
Every day s77Assistant will use 20% of its power to upvote all seven77 member posts with the following rules and order.
- Two random registered members without any points will get a full vote each. The reason for doing this is to support and upgrade weak seven77 members.
- 16% vote power (or 20% if there are no zero point members) will be shared between all registered seven77 members with points based on the above point system.
- if all above s77assistant members got their vote and there is spare voting power then rest voting power will be shared equally among all unvoted members
- at the time of your vote turn if you don't have an unvoted post on a 25 posts depth then s77assistant will skip you for that day. this is very rare to happen.
Stats
| Members | 99 |
| Full vote worth | $0.0312 |
| All time vote value | $3.0967 |
| Total 24h vote value | $0.3186 |
Active s77assistant members
Registered users but not s77assistant followers
| member Name | Registration Date | Total Points | Delegated SP |
| steevc | 2019-07-12 | 0 | 0 |
| bluemist | 2019-07-12 | 0 | 0 |
| justatouchfey | 2019-07-13 | 0 | 0 |
 | 2019-07-20 | 0 | 10 |
Registered users but not seven77 members
Thoughts
s77Assistant is under development and maybe some rules or calculation formula will change in the future to be more fair.
More functions will be added in future so every s77member can grow his account.
Quick example ( and more maths )
Maybe someone believe that delegating 1000SP to s77assistant for a 0.02$ vote per day is not worth it because of ROI.
1000SP worth 350$ (1000 * 0.35) for a 0.02$ vote worth.
( 0.02$ * 365days ) / 350$ = 2% per year.
Imagine the following scenario:
If s77assistant has 8000SP delegated by 8 members with 1000SP his 100% vote worth 0.16$. Because s77Assistant uses all his 20% voting power every day every member will get 0.16$ each day. 0.16$ * 365days / 350$ = 16%.
Different scenarios with lower or higher ROI can exist because of curation rewards and point system but one think is for sure. you earn more with s77Assistant than every other bot because the key difference is that s77Assistant is using all 20% voting power every day
Limitations
s77assistant search for the last 25 posts of any user and removes resteems. if at the time of your vote you don't have any unvoted post you will loose your daily vote. this may only happen if someone resteem a lot and don't post often.
The key limitation of s77Assistant is that it gains his power from delegators.
if no one delegate power to s77Assistant then this project is worthless but if all seven77 members delegate power to s77Assistant no matter if there are a lot or not, s77Assistant will be powerfull and his vote will worth a lot. A high value vote that you will be the receiver.
Support
To delegate to s77Assistant, you can use any of the following links:
10SP, 20SP, 30SP, 50SP, 100SP, 250SP, 500SP, 1,000SP, 5,000SP, Custom Amount
Make sure you have at least 15 SP left on your account.