How a bidding bot works

How a bidding bot works

A bidder places a bid by sending bidding amount along URL of a post to Hive account@skydragon. Each bidder gets a percentage of total bid amount. That percentage will be multiplied with Total Vote Value for bidding reward.

For example, if bidder A bids $0.1, bidder B bids $0.3, bidder A will get 25% ( 0.1/(0.1+0.3)=25% ) of total Vote Value, bidder B will get 75% of total Vote Value.

A bidder is allowed to send in one a bid for each post. Multiple posts are allowed in a single round.

Here is how to send in a bid for your post:

Under your account wallet, click on Transfer from Steem or SBD:

In To field, enter 'skydragon'
In Amount, enter desired amount
In Memo, enter URL of your post