Celebrating 1 Year
They say time fly when you are having fun. And sure, @dustsweeper has enjoyed every single moment sweeping up dust on the blockchain. But I cannot believe it has already passed one year. It was in May 2018 when @dustsweeper was born. Dusty started out with a few thousand in SP which has now grown to around 24K. The initial SP was made up of kind donations, then we gradually used the deposits to rent SP from the Minnowbooster market.
The drop in the STEEM price has been the main struggle during this time. An increase in SP has been countered by a lower STEEM price, causing the voting power needed to fight dust to remain constant. So when going from 10K to 20K in SP we were not really able to handle any more dust.
So now when Dusty has turned one year old, it is time to introduce a change to the system. It is time to allow you to invest in Dust.
Invest in Dustsweeper
Starting from today, you can make a profit by delegating to @dustsweeper. There is no signup or registration required, just delegate any amount up to 5000SP(read more about that below) and you are good to go.
The profit comes from the transfers when users are topping up their Dustsweeper accounts. If you have an active delegation, you will receive a share of the amount proportional to the size of your delegation.
By delegating to @dustsweeper you will make a profit on your delegation and you will help @dustsweeper grow, which in turn will make @dustsweeper able to handle more of your dust.
How it works
Here is a quick breakdown:
- Delegate any amount to get started
- 5000 SP is currently the maximum to earn a profit
- Anyone can participate, you do not need to be a Dustsweeper user
- Transfers/top-ups to Dustsweeper will be returned to the users, proportionally to each user's delegation
- Ex. delegate 5000SP, out of @dustsweeper's 25000SP, and you will receive 20% of all future top-ups
- Profits will be paid out daily as long as it is above 0.001
- Profits will be paid in both STEEM and SBD
- Profits below 0.001 will be accumulated
- Stats can be checked in Dustsweeper's Discord
Run $stats steemuser in the discord server to get this:
Outstanding Earnings - Amount earned since the last payout. Everything above 0.001 will be paid out. Lower amounts will be accumulated until 0.001 is reached.
Total Earnings - Paid out earnings plus the outstanding earnings above.
The output for the outstanding earnings is rounded to 5 decimals, but the value stored in the database has much higher precision. So even the smallest delegation, combined with the tiniest of top-ups, will always gain you something.
Restrictions and Disclaimer
The reason for the 5000 SP maximum delegation is to minimize the risk of someone abusing the system. Without the threshold, a user could delegate a large amount of SP, top-up the account, and the un-delegate again. That way they would be able to claim a large amount of their own top-up.
With the 5000 SP threshold, we at least reduce the profitability for someone attempting this kind of abuse.
We also serve the right to adjust the Dustsweeper balance for any user deliberately trying to take advantage of this.
Old Minnowbooster Users
We are currently renting SP from 12 different users via Minnowbooster's delegation market. If any of these users delegate additional SP to @dustsweeper, the delegation will not be processed automatically, it has to be manually approved. This is just to avoid to have the logic in place to cover the various scenarios with Minnowbooster delegations.
Users delegating for free
We have also 4 users, @gamer00, @simplymike, @sparkesy43 and @xcountytravelers, who have been kind enough to send a delegation to Dusty as a very generous gift. We haven't automatically added them to the system but will confirm with them individually if that is their wish.
Discord Server
If you still haven't done so, please come and join us on Discord!
Dustsweeper Stats
Here are the latest Dustsweeper statistics, what we have accomplished in 1 year.
- We have 1400 Users registered.
- A total of $1100 saved from turning into dust.
ps. If you wonder about the cool @dustsweeper graphics above, they were all designed by @charisma777. Please check out her post: https://steemit.com/dust/@charisma777/a-gift-for-dustsweeper
Dustsweeper is an initiative supported by Witness @danielsaori. @danielsaori is also one of the co-founders, together with @davemccoy. Their shared vision is to help newcomers grow and prosper in the STEEM universe.
Seeing a 2 cents profit turn into dust doesn't sound like much, but for someone new, it can make all the difference. @dustsweeper is trying to prevent that potential disappointment by helping protect those tiny profits.
Do you like Dusty? Please give a Witness Vote to @danielsaori
