Ever since becoming aware of Steem Bot Tracker I've been watching the bots with great interest. It struck me that by the time payout is reached, most bots have accrued so many bids that the return-on-investment for bidders is negative.
This said two things to me:
- The demand for bid bots is extrememly high.
- The market would greatly benefit from a bid bot that can guarantee a profit.
I'm now the proud owner of 
. My bot meets the demand of point 1 merely by existing, but point 2 was a little bit trickier...
This is the little animation that I teased yesterday.
How does it work?
HonestBot is able to guarantee a positive ROI by tracking the real-time value of Steem and SBD. It sets a round fill limit feature that prevents the total amount of bids from exceeding the total value of HonestBot’s vote. This ensures that at the time of voting, no one will receive less than the value of their bid. Any bids that exceed this limit will be automatically returned.
Don't worry, this limit amount does accounts for curation fees. But of course, HonestBot cannot account for future changes in market prices, so it cannot guarantee that the ROI will still be positive by the time of a post's payout. But at the time of the bid, a profit, or at the very least a match of the bid's value will certainly be had.
For more details, visit HonestBot's introductory post.
For those of you who hate bots...
I hope you won't hate mine quite as much as some of the others. Clearly voting bots are something the market wants. I'm just trying to get things done is a way that attempts to reward its customers more fairly.
Let me know what you think in the comments!
~Seth
P.S. I'm only going to do this once, but I want to take my bot out for a spin. I'll send the minimum amount to promote this post.
