Drip, Drip, Drip! Leaky Sink? No, It's Lifetime Income - Steem Basic Income Review

How does an upvote on each and every post, each and every day for your lifetime on Steemit sound to you? No worrying about if others will like what you produce or if they will even see it, just a small vote to help boost your earnings on Steemit.

This is the promise of Hive account@steembasicincome (SBI) and their Basic Income program for Steemit users. While the idea of 1 or 2 cent upvotes might not thrill some bigger fish in the sea, to the rest of us mortals every penny counts on each post! When you are first starting out and you have just your own upvote or maybe that of just a few others it's nice to know that even a small upvote will be coming in for your efforts.

What Steem Basic Income Is NOT!

To be clear, without a TON of shares #steembasicincome isn't going to drastically effect your payout. It's not designed to shoot you into the Hot or Trending Page, it's not designed to make a living off of.

What Does Steem Basic Income Pay

Steem Basic income as of now for one share will get you an upvote of around 0.01 if you post once per day and give a few upvotes to their posts each week. I only know this because this is what I was getting with 1 share. While small, it's consistent.

As a member of Hive account@sbi3 now with 19 shares based on the publicly available information I will get a 15% upvote which will give me around 0.11 of an upvote. Again, not getting rich here but that is a nice boost to any post...even nicer when it's on every post.

So How do I get SBI shares?

Anyone can sponsor any other member into the program for 1.00 Steem. You send a transfer to Hive account@steembasicincome with the persons name you are sponsoring as the memo (including @ in front of their name). For sponsoring someone into SBI you will also get a share in the program. For each and every sponsorship you give away you will receive one for yourself. Win-Win!

Now if you have already entered the best contest on Steemit and need some other options (ok maybe it's not the best, but it's up there IMO) you can look to see what contests have tagged steembasicincome. This is the page showing all of the posts using the tag steembasicincome so some are entries into contests, some might be reviews, but there are lots of contests that give away SBI shares.

Got an SBI sponsorship, Now What?

This might be the best part about SBI, it's fully automated. You don't need to tag SBI in your posts, you don't need to do anything other then post like normal. After you post SBI will upvote your post based on your current shares.

Now you can increase your voting weight from SBI from your current shares without new sponsorships. A couple free ways to increase your vote is to Upvote Hive account@steembasicincome posts and comments. Based on how many upvote you give your vote will increase. A second way is to delegate some SP to Hive account@steembasicincome and this will result in an increase in the voting weight based on how much you delegate. You can see the exact breakdown of these bonuses on this post by SBI. Watch for new updates as SBI has said upgrades are coming to the program!

Final Thoughts

SBI currently manually does all of the calculations for voting percentage, tracking of upvotes, enrolling new members, adding new shares to current members, leasing of SteemPower, and so forth. It's a MASSIVE undertaking and one that needs to be automated! Which is in the works and will make enrollment much faster. Right now it can take a couple days before you are enrolled which isn't a big deal, be patient it will happen.

This program is one of the best on Steemit to help smaller members start to gain consistent rewards and encourage them to keep blogging!