Steem Basic Income

Steem Basic Income is a social experiment to bring a voluntary crowd-funded 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.

Support from Members

Thank you all for your support! Upvotes that we receive from members are an important component to continue delivering a sustainable basic income!

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

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

6.1% of our total value received was from our low 1.06% self-voting. 17.85% of our sustainability coverage is provided by author rewards. Ideally it would be at least 33% (or high enough that our self-vote percentage is higher than our percentage of total value received from that self-vote.)

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. This essentially works as a 'vote bank', allowing you to bank your extra voting power that you're not using, and then have those rshares returned to your own content.

We are exploring the possibility of phasing out the upvoting bonuses, as this 'vote for vote' aspect of our program has been increasingly criticized in the new Steem environment. It was introduced to help us build a sustainable SP base and is ancillary to our overall objectives, so we are willing to let it go if doing so will protect our members. If you have a strong opinion either way, please let us know in the comments section to help inform our final decision.

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

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Enrollment

If you want to get involved in Steem Basic Income, or to increase your subscription level, enrollment is pretty straightforward:

Just send 1 STEEM to Hive account@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.

In effect, when you enroll, you are 'curating' another account to receive ongoing support, and at the same time receiving curation rewards - an equal level of ongoing support. 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?

Most questions are addressed in our FAQ or in these helpful resources. If you still have questions, ask in the comments section or join us in our discord channel.