Community post

Burning Bid-Bot Overview, A Caring Bot

Introduction

This post will give an idea to the reader about the current state of the @lrd Burning Bid-Bot, the following subjects will be discussed:

ROI for Vote-Buyers

ROI for Delegators

Anti-Spam Measures

Charity

Burning

Current Payout Structure

Partnership

Long-term goals

ROI for Vote-Buyers

The Burning Bid-Bot has been created having both delegators and vote-buyers in mind, that is why we want both of them to get the highest ROI while helping decrease the STEEM supply through burning and help those in need through charity, these are the following features that the Burning Bid-Bot currently has to ensure that vote-buyers receive the highest ROI possible:

Positive ROI guaranteed: Even in the worst case scenario vote-buyers will get a 1% profit out of their investment after curation rewards.

No capped ROI: What this means is that there is no limit on the amount of profit you can get out of your investment, currently if you bid 0.1 SBD and nobody else bids in that bidding round you'll get a profit of 1700%.

Curation Trail: The Burning Bid-Bot has a curation trail which activates when sending a bid of 2 SBD or more, this means you'll get some extra upvotes and profit when bidding 2 SBD or more.

0 minute post age: This means you can keep most of the curation rewards and get an even higher ROI

All the features described above are currently active and are designed so that the vote-buyer profits while promoting its post.

ROI for Delegators

For Delegators we are currently offering 100% of bids + 45% of curation rewards, our delegators are averaging a 17.2% APR from their investment in the last 7 days. Furthermore, by delegating to the @lrd Burning Bid-Bot they are also decreasing the STEEM supply through burning an helping through charity. If you are interested in delegating you can click here and select the amount you want to delegate. You can always ask any questions you may have before delegating in our Discord

Anti-Spam Measures

Stopping Spam is something very important, that is why the Burning Bid-Bot is currently using the @buildawhale blacklist created by the amazing witness @themarkymark (Vote him for witness if you haven't already). This blacklist created with hard work by @themarkymark contains a list of over 4600 accounts that don't do any good to STEEM which is why they won't be able to use the Burning Bid-Bot to promote their scammy activities, if you are a bot owner you should think about using this blacklist too.

Charity

With this update now the Burning Bid-Bot will give 10% of its curation rewards to @crypto.charity which is a project created by @cryptoeater, their current focus right now is in helping Venezuela through donations that help in the purchase of food, clothes and medicines. The @lrd Burning Bid-Bot and @fairlottery have already donated SBD and STEEM to Venezuelans before through the @safedeposit account, some of the beneficiaries of this donations have been @drmaizo and @reinaldoverdu.

Burning

5% of all Curation Rewards are burnt, by doing this we are helping to decrease the STEEM supply, over 15 STEEM have already been burnt by sending them to @null.

Current Payout Structure

This is the way all earnings and curation rewards are currently being distributed:

100% earnings go to delegators

45% of curation rewards go to delegators

10% of curation rewards go to @crypto.charity

5% of curation rewards go to @null

40% of curation rewards are charged as a fee for maintaining and upgrading the Bid-Bot

Partnership

We have partnered up with @fairlottery, for those who don't know what @fairlottery is here's a quick intro, you can find more info in the official introduction of the project.

Intro to @fairlottery

Fair Lottery is a lottery with a very low entry threshold, a ticket only costs 0.001 SBD/STEEM and you can purchase as many as you want, there is an assured pot for the winner of 1 SBD/STEEM (winner takes 95% of the total pot, the more tickets that are purchased the bigger the pot gets), this lotteries take place daily and all you have to do to purchase some tickets is sending any amount of SBD or STEEM to @fairlottery, that amount will automatically be divided between 0.001 and that is the number of tickets you'll have, all you have left to do then is sit back and wait for the winner to be announced.

Long-term goals

The @lrd Burning Bid-Bot has some clear long-term goals:

Provide Vote-Buyers an effective way to promote their posts & comments

Provide Delegators a great way to make a daily income while helping the community through burning, charity and much more

Burn Steem to decrease its supply

Help charity projects so that a stronger Steem brand is built

The larger the amount of SP that @lrd has the easier it will to accomplish this goals.

Join our Discord

Happy burning time,
https://steemitimages.com/DQmULCG8WAtw7Ys6jwJGp3KPh3tF3MVt1uS7rRwfbLZ9pP8/update.png