RE: RE: Presenting: INCOME - Long Term Support Token that now mines SBI automatically!
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RE: Presenting: INCOME - Long Term Support Token that now mines SBI automatically!

dmwh(54)
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Please confirm if I am understanding this correctly?

  • There are currently 10,000 INCOME (not all have been purchased from steem-engine but I'm using the circulating supply number)
  • Say I purchase 100 INCOME at a cost of 1 STEEMP each
  • This gives me a 1 in 100 (10,000 / 100) daily chance of winning, for entertainment purposes only ;) 1 SBI share
  • Number of drawings per day could increase the chances of winning but not beyond 1 SBI per day

Now, to my question... How is this better than simply sending STEEM to steembasicincome@steembasicincome and guaranteeing myself 100 SBI shares, starting now, where I also sponsor a bunch of other Steemians for a dual benefit? I would have to win 100 drawings to get my 100 shares and I would not be choosing who to sponsor. My math skills are a bit fuzzy but it seems like it would be many, many days (years?) before I would end up winning 100 times. Have you made a post breaking down the math? Thanks.

@dmwh: Please confirm | Ecency