Redeem the Steem is a simple concept. 1 STEEM= 1 Vote a day 4 LIFE!
It is really as simple as we've implied but there are extra details you may want to know! Each Redeemer will receive one equal upvote a day. The account will vote a combined maximum of 20 votes a day at 100% voting power.
For example:
- 20 Redeemers receive 1 vote a day at 100% voting power.
- 40 Redeemers receive 1 vote a day at 50% voting power.
- 60 Redeemers receive 1 vote a day at 33.3% voting power.
- 80 Redeemers receive 1 vote a day at 25 % voting power, etc.
šHAPPY YOU ASKED! 75% of the subscription fees will be powered up into Steem Power to increase the vote power of the @redeemthesteem account to benefit Redeemers
The other 25% will be split into two parts.
- 12.5% will go towards promoting and improving @redeemthesteem.
- 12.5% will go towards @redeemthesteem labor costs.
Subscription Fees
SOMEONE'S PAYING ATTENTION!
Redeem The Steem believes there is power in an upvote. But it would be nice to have that up vote be worth a little something, RIGHT?
There are two mandatory criteria that must be met to receive an equal upvote from the @redeemthesteem account and one optional.
- Send 1 Steem to @redeemthesteem with the memo Subscribe.
- Follow @redeemthesteem
Optional - Upvote @redeemthesteem posts.
VOTE!???
It's not that bad...
- @redeemthesteem will post a maximum of 4x a month.
- All posts will be @redeemthesteem related.
- There's an appreciation gift!
@redeemthesteem will contribute 25% of post author payouts to contribute towards a quarterly appreciation gift for Redeemers. The recipient of the gift will be randomly chosen using an online randomizer. The recipient will receive the percentage of the drawing equal to the average percentage of their upvote during the previous three month period. If you contributed 20% of your voting power then you will receive 20% of the drawing prize. Another winner would be selected until the total percentage of voting power is equal to 100% of the gift.
For Example:
Sue is chosen as the quarterly gift recipient. The average voting power contributed by Sue over the previous 3 months is 20 %. Sue would receive 20% of the gift. Sue would then be removed from the randomizer and another name would be chosen. This person's average upvote over the previous three months is 80%. That person would receive the other 80% of the quarterly gift.
The first drawing will be September 1st 2018
Has Everything Been Covered?
Gosh, you know how all this all works. You think everything has been covered and there is that one detail that's been missed! As the project grows there may be issues that have to be addressed but the principal of @redeem the steem will stay the same!
