Introducing Steem Basic Income (SBI)

in ASEAN HIVE COMMUNITY3 months ago

What do you think about a social project on the hive platform?
Steem Basic Incom I have known this project since 2017 during a training course of the old Vietnam community. At that time I didn't pay attention and only used 3 hives to participate in this program . But here we have one advantage compared to social insurance that when you transfer money to SBI, both you and your friend receive votes, and you only need to deposit money once and get upvotes forever.

What is Steem Basic Income (SBI)?

Steem Basic Income(SBI) is like a social experiment program, it is like a social insurance program, aiming to provide participants with a basic income when you post on the hive platform .
When you join SBI with 100 hive, you and your sponsor will each receive 100 shares worth 100 hive. Both will then receive upvotes worth 5000 hive. it will be equal to 0.08$ value per article.

So you can see it operates like the social insurance model, you and the sponsor will receive a certain amount of votes when writing articles. it's just more valuable when you get upvotes from writing articles. But here we have an advantage over social insurance that when you transfer money to SBI, both you and your friend will receive votes, and here we will only send money once and receive upvotes forever

How will SBI upvote?

According to my calculations, after transferring to SBI, the account value will be multiplied 50 times and will upvote for you. For example, if you send 100 hives you will receive an upvote from an account worth 5000 hives, equivalent to $0.08 per post. But here SBI's mechanism will be different, which is to reduce the number of votes each day when posting like they need time to recover upvote mana points. This is also an easy-to-understand mechanism of the hive ecosystem.

You can take a look at the 1-month statistics table of me using SBI for my articles.

As you can see, with the capital spent for 2 people of 400 hive per day, I can receive approximately 0.3 if I write articles regularly. My total number of upvotes until today is 6.5$ with 2 people. Actually, my friend and I could have reached 10$ but my friend and I still have our own main jobs so we don't have enough time. To write articles, we can only earn about $6, so if we reach $10, it will take about 40 months to pay back and start making a profit, so this index is also quite high.

how to join sbi

SBI you can send at least 1 hive to @steembasicincome with the account name of the person you want to sponsor in the memo section. Note that the minimum price to sponsor an account is 1 hive.

After you send successfully, you can check it on SBI's system. Currently there is a website for us to conveniently track, which is https://www.hivesbi.com
If you feel this program is quite good, please join me in 2017. I invested in 1 hive here after a long time, it increased by x3 to 3 hives hehe.

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I haven’t participated in this social project but I know that this project has been in operation even before Hive. It started when the whole community is still Steem/Steemit. It seems to me that they are a solid project for maintaining their commitments until now.

 3 months ago  

Exactly, I've seen it work for 6 years so it's very reputable

Yes you’re right about their reputation. I think that the projects aims to support users who have ling term goals with their growth here in the platform.

It was Steem Basic Income on Steem, but on Hive it's actually Hive Stake Based Income (Hive SBI). But it uses all the same accounts that forked from Steem still.

 3 months ago  

hehe . Thank you very much for your contribution.

 3 months ago  
Thanks for posting in the ASEAN Hive Community.

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 3 months ago  

It looks like very interesting. This is the first time I know SBI.

 3 months ago  

I find it quite interesting. You can try authorizing or sending hive to them

 3 months ago  

I will try soon. Thank you for sharing this wonderful opportunity.

Just about to purchase my first SBI shares as Christmas presents to some Hivers -- THANKS for the good breakdown!