Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

Enhanced Votes Graph

We last published this graph that 'maps' the interrelationships in our member pool nine days ago. Here is our graph and analysis from last time we published it:
https://busy.org/@steembasicincome/enhanced-votes-graph-8-may-2019

And here is the graph from this week. We are still targeting only 10% of our total VP to be spent on self-voting, but it is delivered through our regular voting bot (with voting accounts chosen dynamically for each post). That means our additional voting accounts will start to show in the graph.

_{(img source http://www.steemreports.com/votes-graph-enhanced/?accounts=steembasicincome)}

It only shows people that regularly upvote each other or @steembasicincome, or have high subscription levels for regular upvotes that are too big for our smaller voting accounts to deliver. That makes sense, because we have over 4900 active members that are voted by ten different accounts. All of those interrelationships would be too much for this chart.

Member spotlight: @preparedwombat

@preparedwombat was first enrolled in Steem Basic Income 13 months ago, by @taskmaster4450. Since then, he has sent over 200 enrollment transactions. Sometimes a single STEEM, sometimes as high as 50 to support @steemchiller or even up to 160 spread across 16 different accounts. Needless to say, he is committed to the vision of using Steem Basic Income to provide sustainable ongoing support to deserving Steemians!

If you don't know @preparedwombat, stop right now and check out whether his blog is one you want to have on your follow list!

Change the account name in the Steem Reports link to any account you want to look at:
http://www.steemreports.com/votes-graph-enhanced/?accounts=preparedwombat

Sustainability Coverage and VP Management

Sustainability Coverage is currently at 78.29% and rshares reward rate is 618,493,130 per SBI unit per day. Surprised by the sudden drop? Over the last few weeks we have been depending heavily on Conversion profits to keep our Sustainability Coverage above 100%. The volatility in STEEM/SBD prices has made for some choppy conversion outcomes, and today's result was particularly bad. We are still up over 2000 STEEM in profits on the last few weeks of conversions, though.

The rshares reward rate for bonus units (delegation reward) is not decreased. It actually is higher, to return curation rewards to our delegators. You can help increase the sustainability coverage (and thus the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read Into the Heart of Sustainability.

VP Management

Upvoting Reward multipliers are currently at 1.10x until our Voting Power recovers to 80%. Our VP is getting low enough that quite a few accounts are starting to be impacted by our maximum votable amount. If you are limited by this and have delegation in place, you might consider leasing through https://dlease.io until our VP recovers. (Our orders are all for 24 weeks, but delegation can be withdrawn by the delegating account at any time).

We will continue aggressively issuing regular lease orders until we are able to bring our VP up to our target levels.

Enrollment

If you want to get involved, or to increase the level of basic income that you receive, enrollment is pretty straightforward:

Just send 1 STEEM to @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 (except for yourself), it does not have to be a current member.

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?

Please read our FAQ. If you still have questions, ask in the comments section or join us in our discord channel.

You can look up your current membership levels by using !sbi status in a comment, or by using the #bot-commands channel in our discord server.

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The Block Party! ➡️June 20th-23rd

Steem Basic Income is an official sponsor of The Block Party.

^{image by logo contest winner @edxserverus}