INCOME token - Full Presentation on 'Why you should own some!'


A few months ago when I launched INCOME token in testing mode, it was just a dream of something that was possible - a bundle of ideas, of "might do's" and theories around creating and sustaining value.

Today I am happy to announce that we are moving to Phase 1 Alpha! What does this mean for the INCOME hoard? Read on to find out!

The basic automation was originally created with help from @thecrazygm and some long conversations with @rudyardcatling. The idea is simple - Everyday, INCOME token holders automatically get entered to win nominations for SBI units.

MATH + ENTERTAINMENT = FUN and PROFIT

Income is an entertainment token because if anything goes wrong, wasn't that fun? Jokes aside, the legal obligations of being anything other than an entertainment token are complicated, constantly changing, and really unnecessary for the current scope of this project.

That said, the expected value of holding any number of INCOME token can be strictly calculated using probability math, based on the number of other holders and their totals and taking into account the number of daily draws at current.

I am not going to do a new example in today's issue, but here are some calculations I did for a past scenario

WHY SBI?


I work closely with @josephsavage and @steembasicincome as a community manager, writer and spanish language moderator in discord. Besides my own involvement, SBI has the following benefits that make it attractive for our program:

1. Sponsor and Sponsee Growth

After each new day of nominations, our program (and any using SBI) will continue to strengthen its ability to utilize the power of #STEEM.

2. Delivery that is time and post-type agnostic

Since the advent of 'automation', Steem Basic Income delivers exact rshares values to users from their 'balance', allowing for accumulation or draw down. After 7 days with no post, comment votes are enabled. By using the tag sbi-skipanywhere in a comment or post, users can mark certain content to not be voted, and thus are in complete control.

3. Long-Term Focus and Self-Selective Burning

The 'ROI' of this non-tradeable token is measured in years, and can only be achieved by actually using #STEEM, albeit almost in any way. Any users that stop using #STEEM permanently would be effectively burning their balances. Those that are unable to post for awhile will find their balances have continued to grow.

4. Open-minded, multi-vector black-list/tag-list

While using multiple blacklists from other communities as a place to start, @josephsavage and team use every tool at their disposal to insure that no one is treated unfairly, including manual review, encouragement and education and, if necessary, the refund policy. Another vector of attack is the tag-black-list, which puts the onus on generally low-quality tags like drugwars instead of on users. Anyone using those tags would just not receive a vote on that post, their balance continuing to build until the next.


Along with the powerful reasons listed above, I like SBI's model of curating users instead of individual contents. I believe both techniques go hand in hand in a healthy #STEEM ecosystem!


INCOME ACCOUNTING

@ecoinstats account:
1750 SP
2790 SBI
500 MAPXV
1406 MAXUV
348 staked MAPX

This account has grown thanks to sales and, full disclosure, most of those have been to myself. You can see the current rich list below - I have deployed my full INCOME hoard under @quintaesencia, a not-for-profit that I help manage.

PROBABILITY

INCOME token probability uses what I call the 'minnow skew', which limits each account to 1 win daily. This allows me to hoard all of my substantial INCOME in one account and never take more than 1 SBI per day from the prize pool. @ecoinstats is now listing 4 winners daily, so if you want to calculate the expected value of holding any amount, it would be easier to simplify to 3 draws and remove @quintaesencia entirely from the calculation.

A quick napkin calculation will show you that INCOME are still quite undervalued on the market. I believe the sweet spot (EV) to hodl to be in the neighborhood 20-30 tokens. For anyone looking for a special whale deal, I have a few 1000 income packs remaining, starting at 1050 steem. Get in touch with me for more info.


To the STEEMLEO community - thank you for the invitation to post on your interface (I love the DEX!)! I look forward to your thoughtful and challenging feedback in the comments!


Comments 19


Thanks for your 1000.10SP to team-cn ! Your post has earned 25% team-cn upvotes!

11.11.2019 13:02
0

Thank you for supporting @CatsMakeKittens by being a part of our community @ecoinstant.

Each CATS you purchase gets you daily upvotes from me @CatScientist as our community grows so do your rewards for being a member!

11.11.2019 13:07
0

Hi @ecoinstant, a free $trendotoken from the TULIP Mania Game!
Round 3 will start soon and full details will follow. Thanks for playing!

11.11.2019 13:13
1

Congratulations @busbecq, you successfuly trended the post shared by @ecoinstant!
@ecoinstant will receive 5.30784900 TRDO & @busbecq will get 3.53856600 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

11.11.2019 13:13
0

A bonus $trendotoken tip from ONECENT!
Also consider MAPR fund and MAXUV vote bonds too.
MAP Steem FinTech: growing your STEEM without SP.

11.11.2019 13:15
1

Congratulations @onecent, you successfuly trended the post shared by @ecoinstant!
@ecoinstant will receive 6.94661062 TRDO & @onecent will get 4.63107375 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

11.11.2019 13:15
0

As a member of the @Council - Community Curator Service, this post has received a 100.00% upvote.

Members of the community can all chip in to Power UP. Become a member, delegate 10 or more Steem Power (SP) to @Council to receive upvote and resteem. Here's the link to delegate https://on.king.net/council10sp it will redirect to Steem Connect for a secure connection. We share the Steem Power of all members that delegate to Community Curator Service, sharing our SP for a stronger upvote.

Thank you.
Project Powered by Steemians

11.11.2019 15:44
0

I need to pick up a few for my personal account. Good work!

12.11.2019 02:55
2

Thank you for reading and for being an early supporter! You have been a motivating force for this type of reciprocal energy here on #steem!

15.11.2019 12:32
2

You got it. I hope we all see some growth in 2020. It would be fun to see.

18.11.2019 03:52
1

It's been a while since I won my self an #SBI unit for holding some income token, i need to stack more...really soon...so soon like before the end of this week am going to add some more INCOME in my engine portfolio 🤑🤑🤑

Posted using Partiko Android

12.11.2019 14:29
2

Thanks Tony! I have a surprise for you too later this week - thanks for your great participation in the #buildbetter Phase 1!

12.11.2019 20:56
0

Congratulations @ecoinstant, your post successfully recieved 12.25445962 TRDO from below listed TRENDO callers:

@busbecq earned : 3.538566 TRDO curation
@onecent earned : 4.63107375 TRDO curation


To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

14.11.2019 13:31
0

So is it like a miner for SBI units, basically?

Posted using Partiko iOS

15.11.2019 06:16
4

That is a very simple and elegant way to explain it - yes!

I should say, this is the way I am doing an SBI miner, and this is not the or even a official SBI miner. I am scaling the SBI mining into place, and plan to use that as an underpinning of value to the INCOME token. INCOME token will then be free to experiment new use cases, without fear of value collapse.

15.11.2019 12:31
0

@ecoinstant, Looks and sounds like something unique Mining Methodology. Hope that this Project will be encouraging one and over the period of time will become empowering one.

Good wishes from my side and stay blessed brother.

Posted using Partiko Android

16.11.2019 05:48
1

Hi @ecoinstant!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.086 which ranks you at #1039 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 92 contributions, your post is ranked at #34.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

16.11.2019 16:16
0

Is your algorithm still updating my rank?

16.11.2019 23:13
0

Made it just in time to upvote your post!

This is the second post regarding investment that I have curated from the last #PYPT Show. I am glad your mama shared it! I will have to investigate this investment opportunity.

Your post is bookmarked for more serious consideration after I finish curating! Time is getting away from me!


must say I am also very excited about the new decentralize exchange (DEX) that has made available. Look forward to more tokens being listed.

The frontend/website, STEEMLEO.COM), that they have put together is amazing!

POSTSCRIPT:   Looks like your post is the last on my #PYPT curation list! Now to work on my curation post!

18.11.2019 00:18
0