Presenting: INCOME - Long Term Support Token that now mines SBI automatically!
For a long time I have been contemplating on creating some value-adding tokens. To be absolutely sure that a token has value, generally it need to have assets or income backing it. Steem Basic Income units allow INCOME to grow both of these organically, rewarding token holders with both more votes as well as long term growth.
We have now completed the first phase of testing and the draw is live at 2pm every day on @ecoinstats
Buy some now on Steem Engine!
Another token project - Am I right?
But if you are still here, let me tell you a bit more about why I think INCOME will be a value-adding token to holders.
1. Growth Focus
As mentioned above, the fundamental use of SBI units allows the program (as well as holders) to 'grow'. This will result in the slow but steady growth of the number of SBI draws available daily with which to reward token holders.
2. Minnow Skew
Once we upgrade to multiple draws per day, we will be limiting holders to 1 SBI per day, allowing smaller holders a higher chance to win in later draws.
3. Long Term commitment
I present to you my account and reputation as a person and as a user of #STEEM as evidence of my conviction to not only support STEEM but to also build projects with lasting value.
So if you want to passively grow your SBI units, consider adding some INCOME to your portfolio! Here is a link to the Steem-Engine Market, with the release of some upcoming features I will be looking to have a deal for liquid STEEM instead of STEEMp.
As me anything in the comments!
Thanks for your 200.06SP to team-cn ! Your post has earned 10% team-cn upvotes！
Then in the whole point of the token is to get SBI slowly and only have one option to win one per day why would anyone want to get more then a few tokens?
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I have a few ideas on how to add additional value to this token, but I don't want to get ahead of myself. Let's think about the math on this for a second - I still think there is a strong mathematical case to be a medium size holder with the current mechanism.
Yes there is and will be a limit to the number of SBI that a 'whale' or larger holder could earn per day. We can say that there is a theoretical cap of 365 SBI per year on any size token holdings (with current mechanism).
Now, as we raise the number of draws per day, the math for the larger accounts will be about their probability of getting a share each day. A true whale account in a sea of minnows may well be getting very close to 365 SBI per year (Expected value each day approaching 1) by the time we get up to 10 draws per day.
I am interested in all feedback - we are still in testing - let me know what you think!
Interesting, but I think you need to take it more slowly - and clearly - exactly how this works eg the SBI draws and any income sources.
Also, as these are "income" tokens will the market price be left to slide and rise?
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Is there an amount we need to buy? I only bought 1, but I just noticed they cannot be staked.
Is owning one enough?
I am about to publish some more math - 1 is enough, although more is better XD
No staking required - thanks for asking!