Splintertalk Basic Income?

What is Hive SBI?

SBI Logo design by @roldamn

Hive Stake Based Income (Hive SBI) is a social experiment to bring a voluntary crowdfunded basic income to as many Hivers as possible. Members join by sponsoring others into the program. Hive SBI is delivered through providing regular upvotes to member content.

Background

Hive SBI was originally founded almost four years ago, on the Steem blockchain, as Steem Basic Income. When the fork forming Hive occurred, Hive SBI was 'airdropped' to Steem Basic Income members and established as a separate program. Hive SBI has delivered over a million upvotes. Most accounts that receive support have never paid anything, but instead have been sponsored by others!

Hive SBI is unique in that it is an account based curation program. You're actually curating other accounts to receive consistent upvotes and sponsoring them into the program. When you sponsor others into the program, you are also enrolled to receive consistent upvotes - in essence you receive your curation indirectly as upvotes on your own content.

This is a comparable result to powering up and configuring other users on your own auto voter, except that Hive SBI enables you to do so in a way that requires much less cognitive bandwidth. The upvote delivery dynamically responds to changes in people's posting behavior, and ensures that delivered upvotes are never dusted. It stores up potential value for people that are taking a break and delivers it when they return.

Because of these unique characteristics, Hive SBI is an extremely effective retention mechanism. Users that have been enrolled into Hive SBI have often commented that they find the votes to be a good incentive to continue posting. It inspires them to keep up a consistent effort; they appreciate seeing regular support.

(For more information about Hive SBI, please read our FAQ!)

Splintertalk Curation Proposal

In onboarding new users, Splinterlands has proven itself to be an unstoppable engine of growth. Thousands of new users are creating Hive accounts. We see the current challenge of integrating them into the Hive community as a good fit for our ongoing mission.

We had already started building up a small SPT position when one of Hive SBI's big early supporters (@dynamicgreentk) made a large investment into the Splintertalk token (SPT) and asked Hive SBI to become more involved in Splintertalk curation.

Hive SBI already has a trailing account that accumulates tokens (@sbi-tokens) so that members that post within particular communities will also receive tribal token votes for their posts in those communities.

We always encourage our members to be respectful of appropriate tag usage and we are willing to skip-list members who continually use tags that are not appropriate for the content that they are posting, in fact we have strived to maintain high standards over the course of four years.

After receiving the request from @dynamicgreentk to get more involved in Splintertalk curation, we reviewed our resources and determined that a community funded proposal would be the most effective way of boosting Splintertalk activity.

If our proposal is funded, 100% of the requested SPT will be powered up on the @steembasicincome account and delegated to our token trail account (@sbi-tokens). This two step process is to make it more transparent to the community that the received SPT is being staked and dedicated to curation in accordance with our commitments.

Any liquid curation rewards earned on the @sbi-tokens account will be used at our discretion. The primary uses would be to provide market-making support in various token markets, support our 2.0 development that is currently in progress, and accumulate SPS for one of our upcoming features (not yet announced).

Any curation rewards received as staked SPT tokens on the @sbi-tokens account will be left alone to accumulate on @sbi-tokens and further boost our Splintertalk curation capabilities.

Conclusion

We anticipate that existing Hive SBI members will post more about their Splinterlands activity, as well as actively curate newer Splinterlands accounts by sponsoring them into the Hive SBI program. We have already seen some of this from our team members as we have been in discussions about this proposal.

Hive SBI has been warmly received by most of the Hive community over the last several years, and we deeply appreciate the ongoing support! This proposal will enable us to extend our reach and help countless members of the Splintertalk community in the years to come.



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Wow, I love this idea so much as being shared by you. Thanks a lot, friend

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No, we already have monster curator. Buy the spt if you want to stake and vote.

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It would be good for the ecosystem to have more than one major curator. We have been buying SPT, and plan on buying more. The idea of the proposal was to extend reach quickly.

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Congratulations @steembasicincome! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:

Post with the most upvotes of the day.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - October 1st 2021 - Hive Power Delegation
Hive Power Up Month - Feedback from Day 25
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Mayve you should reconsider your logo and remove steem from it :p

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!BEER
!BEER
!BEER
!BEER

I want to tip 4 times the regular amount of beer but not sure how to do it so I am trying this, let's hope it works.

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It's not considered a good practice to upvote your own comments.

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I was unaware since I am new and have seen some other people vote on their own posts.

Would it also be bad ettiquette to boost my own post using Ecency?

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Nono, ecency boosting is fine because nobody is going to do it for you xD

But spread youe upvote out to help others and gain more visability :D

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I guess that's what the user 'anddumbcunts' has been doing lol. I see their upvotes everywhere.

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Nah.. anddumbcunts is a bot, who downvotes alot of users just for the sake of doing it..
But when they run out of Downvote power, it will start to upvote, so its only upvoting now because it ran out of power.

Its a bot by something who is fking crazy

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Curious about how the HIVE community is trying to stop people like that. I assume you are talking about the voice-to-skull spammers, right?

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We can't. We can only downvote them

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Interesting proposal yet if it passes for 100k SPT a day for 1 day or 730 days, do all get free shares if the community funds this instead of us buying shares with SPT? I bet it would pass more easily if liquid rewards were burned with an accurate number of what would be burning throughout the 2 years and what it could also do for the tokenomics? The sound of it going to fund your programs overhead means you will be selling curation payouts so... Great program though, too bad I gave my SBI shares away years ago.

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We considered burning or staking the liquid rewards. They're actually going to be pretty negligible over the life of the program, so it's better to have some flexibility.

There will be no buying units with SPT. Our team have already started curating more splintertalk users, and there will be some exciting new features in our 2.0 release. We don't want to leak too many details at this time, though.

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Hey there I didnt realize I had been given HBI units on this account but it is one of my older backup accounts. Is there any way I can transfer my HBI over to my main one which is @vipservice?

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I really appreciate this proposal of curation Splintertalk content creators. Our actions as a community will keep the positive spirit and favorable for new bloggers.

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I was reading the SBI pinned post and I read this one, and, as a relatively new person to Hive, I have to say: 1. This sounds very cool, and 2. I wish there was an "explain it to me like I am five" version because I don't really understand what I need to do to enroll. Can I enroll or do I need to be sponsored? The instructions seem unclear. I should probably hop on the discord, but I prefer to figure things out on my own (right... so why am I writing a question/comment, then? -- well, I can't find the answers, and I thought maybe other people have similar questions.)

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Wow glad I recently stumbled into this post and can be a part of the process one day <3 I'm still rather new to splinterlands and even newer into this blogging space, but enjoy the deep dive currently

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Is there still discord server to discuss and query about HIVE/Splintertalk SBI ?
I saw discord links in some old posts but they seem to be invalid now

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!sbi status

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Hi @cryptocopy!

  • you have 156 units and 250 bonus units
  • your rshares balance is 118916201170913 or 137.274 $
  • your next SBI upvote is predicted to be 45.758 $

Structure of your total SBI vote value:

  • 34.89 % has come from your subscription level
  • 39.97 % has come from your bonus units
  • 3.37 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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WOW! You are amazing! Thanks for all your work!

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You're welcome.

We have not received the community support needed to gain any DAO funding for Splintertalk Basic Income (and did not really expect it, tbh, which is why the post is title with a question mark), so we are building it up the slow organic way instead.

The main Hive SBI program continues to tick along.

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Oh, i see... But if there is any way how we as community members can help, just let us know :)

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!sbi status

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Hi @ana-maria!

  • you have 5 units and 2 bonus units
  • your rshares balance is 387485824552 or 0.438 $
  • your next SBI upvote is predicted to be 0.146 $

Structure of your total SBI vote value:

  • 14.98 % has come from your subscription level
  • 6.27 % has come from your bonus units
  • 78.76 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @harlowjourney!

  • you have 5 units and 0 bonus units
  • your rshares balance is 48687675836 or 0.068 $
  • you need to wait until your upvote value (current value: 0.023 $) is above 0.026 $

Structure of your total SBI vote value:

  • 66.80 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @maxgolden!

  • you have 8 units and 0 bonus units
  • your rshares balance is 1855974473225 or 4.093 $
  • your next SBI upvote is predicted to be 1.364 $

Structure of your total SBI vote value:

  • 91.91 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 5.75 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @sportsbuddy!

  • you have 1 units and 0 bonus units
  • your rshares balance is 23251027766 or 0.051 $
  • your next SBI upvote is predicted to be 0.017 $

Structure of your total SBI vote value:

  • 40.52 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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(Edited)

Hey guys I missed a vote today and after just making 3 posts my vote value has dropped 33% or so.

I was scheduled to get a $5.20 vote per vote but after 3 posts it is now 2.9 and that is without today's vote. I have not posted in at least 3 months before recent 3 posts over 3 days.

Why is my vote value 3x times lower than when I had similar shares and a much more higher posting freq with another account.

Does @steembasicincome penalize posting once a day on Hive and why is my Vote much lower with sbi having better HP voting mana %, higher vote value and less posting frequency?

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Looks like the missed vote is because nodes stopped responding again. We've restarted our bot to connect to a different node and it should catch up soon.

Your vote value fluctuates depending on several different factors. Your account earns rshares (pending vote value) every 2.4 hours and then receives up to 1/3 of your pending value when you post. The actual vote values can vary depending on how the blockchain is valuing those rshares (HIVE price), along with how long it has been since your last post. Shorter intervals mean less rshares accumulation.

You should only expect consistent vote values day to day several conditions are met:

  • if your posting frequency is always the same (you would have to post at the exact same time every day),
  • HIVE price is static
  • reward pool usage is consistent
  • our sustainability metrics are unchanged

Since all of these things change often, you should expect your vote value to vary from day to day. At a minimum, since posts don't even payout for a week, you should evaluate vote values after two weeks at any given SBI level (a full week of payouts) before establishing a baseline expectation.

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(Edited)

At the current rate I will be earning less of a % of the vote than much much smaller investors to program. The math is not adding up at all.
What is my posting frequency btw and why is there a large I mean HUGE difference in vote values with more hp on program, higher vote values and an extremely low posting frequency, in comparison to just 3 months ago. Investors who believe in you and your program are being penalized

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You've only posted three times since getting back into the program. You need at least a week of paid out posts before you can establish an accurate %.

The values in Peakd are estimations, and they use some delayed inputs, so they are not very accurate when the HIVE price is going down.

image.png

All Hive SBI units earn rshares at the same rate. Membership is a subscription to an ongoing account-based curation service; members are not investors and SBI units are not an equity stake.

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Considering it is advertised as a lifetime program I would argue any money you put into a lifetime program is an investment. This program is unique because in my three years of exp I have found it beneficial to invest into you via your program and Hive as a result, my recent remigration to your program was more so the latter. You even, in past posts indicate possibility of return of initial investment in relation to current prices on market but was also more so in steem days. I am sure you worded investment a certain way.

Also in my exp when price of either steem or hive would rise so would value of vote except now. I will consider the variable for waiting a week for the algo to translate accuratly formulas. Seems that is not the case looking over people's posts I am used to monitoring sbi I would give to.

You are a smart person and it does not take one to look at my past posts and the recent ones to see something is way different. Also Peakd numbers in my exp has been very accurate and have double checked with you before even.

Thanks for your time and I am, as you know, able to get more sbi shares in near future and in a community right now. I have been promoting your program. I will be patient and wait the week

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Considering it is advertised as a lifetime program I would argue any money you put into a lifetime program is an investment.

Point taken, but if you buy google adwords to promote a local business, it's an investment for you (and you would likely track ROI on your ad purchases internally) but revenue for them. Google would not see you as an investor (you don't own shares of Google) but as a customer.

You even, in past posts indicate possibility of return of initial investment in relation to current prices on market but was also more so in steem days.

Return of initial investment is subject to our return policy, and it requires a qualifying event (a material change to the program since the accounts initial enrollment). Our last qualifying event was when Hive SBI forked from Steem Basic Income at the time of the Hive fork from Steem. Our next qualifying event will be when we complete our 2.0 release (likely in the upcoming quarter). Any accounts that are enrolled on Hive only will not qualify for refunds under our policy until the next qualifying event.

Also in my exp when price of either steem or hive would rise so would value of vote except now.

The vote value rises with the Steem/Hive price, but usually on a delayed basis (3-5 days minimum, sometimes longer) and not with a perfect correlation. When price goes up, inactive accounts become active again and it negatively impacts some of our sustainability metrics.

Right now the votes will be very wonky because of the node issues we've been having. There's no new pending balance accrual for hours at a time when it gets stuck, and then it will catch up several rounds of accrual when we detect it and enter replay. We are injecting a better alert processes to detect and remedy node issues more quickly as part of our 2.0 roadmap, but at present we have to either monitor the logs regularly or have somebody inform us when votes are being missed. If it's a long interval before we detect it (this time was about 20 hours) and node issues continue while we try to catch up, it can take a long time to resolve.

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Rather than deleting these messages I will say thank you for your video call today and getting on same page. You were very helpful and explained everything perfetly. So much so that I want to get more HSBI soon!

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Our next qualifying event will be when we complete our 2.0 release

Erm... any major changes happening to the program? Is there a post I can read regarding the roadmap?

Sorry, I've been with SBI since Steem days but have returned from a long hiatus. Nice to see you are still around though, but anxious now about HBI 2.0 .. I like it the way it is :o

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We have not announced the changes yet because the timeline is still uncertain.

We definitely took into account that most members like things how they are. The 2.0 release is designed so that new features are mostly opt-in and operations will proceed unchanged for members not interested in the new functionality.

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It gets hard to respond to your comments when you edit your posts while I'm responding...

Previously you came back from a long period of inactivity, and you had a large pending balance that accrued during that period of inactivity. You're comparing a vote powered by 1 day of rshares accrual with a vote powered by months of rshares accrual.

I can't give more specifics about now versus then without you sharing the specific posts you're comparing. Even then, vote values are sensitive to several external conditions and change over time.

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I understand I will wait. Biggest concern is that math works if I were to get more shares. defi pools are nice and maybe defi makes more sense if there is huge wall with membership program
Thank you for clarification

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!sbi status

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Hi @maxgolden!

  • you have 9 units and 0 bonus units
  • your rshares balance is 170062087951 or 0.339 $
  • your next SBI upvote is predicted to be 0.113 $

Structure of your total SBI vote value:

  • 91.93 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 5.73 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @kharma.scribbles!

  • you have 144 units and 5 bonus units
  • your rshares balance is 38961456182158 or 72.609 $
  • your next SBI upvote is predicted to be 24.203 $

Structure of your total SBI vote value:

  • 78.45 % has come from your subscription level
  • 4.36 % has come from your bonus units
  • 2.12 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @yaziris!

  • you have 7 units and 0 bonus units
  • your rshares balance is 25115573799 or 0.051 $
  • you need to wait until your upvote value (current value: 0.017 $) is above 0.017 $

Structure of your total SBI vote value:

  • 31.52 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @henruc!

  • you have 4 units and 0 bonus units
  • your rshares balance is 30651696693 or 0.053 $
  • your next SBI upvote is predicted to be 0.018 $

Structure of your total SBI vote value:

  • 0.84 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @forsakensushi!

  • you have 1 units and 0 bonus units
  • your rshares balance is 27070239652 or 0.046 $
  • you need to wait until your upvote value (current value: 0.015 $) is above 0.017 $

Structure of your total SBI vote value:

  • 19.46 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @forsakensushi!

  • you have 11 units and 112 bonus units
  • your rshares balance is 22712278104 or 0.039 $
  • you need to wait until your upvote value (current value: 0.013 $) is above 0.017 $

Structure of your total SBI vote value:

  • 18.03 % has come from your subscription level
  • 13.91 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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!sbi status

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Hi @forsakensushi!

  • you have 11 units and 112 bonus units
  • your rshares balance is 29634607877 or 0.051 $
  • you need to wait until your upvote value (current value: 0.017 $) is above 0.017 $

Structure of your total SBI vote value:

  • 16.99 % has come from your subscription level
  • 24.09 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
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This concept is good, you onboard, sponsor, curate and support good content creators , for those who have gone quiet, this good for them cos something is stored up for them. I wish I knew how to participate

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It's easy to participate, you just choose an account to support and send HIVE with their user-name to @steembasicincome. You and they each receive 1 units per 1 HIVE that you send. You can send any quantity of HIVE and the frequency and size of your upvote is directly related to the total units that you have.

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Alright, thanks for the explanation. I will get back

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Hi @steembasicincome, I was just wondering it there is someplace I can go to check my account of SBI? I am running a weekly contest where I award a share of SBI once per week and I was just wondering where I can track my upvotes and worth etc. Thanks.

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