Hello Steemit!
This is @steemraffles, a new way to earn free Steem on the platform! All you have to do is upvote a post. I really wanted to bring a fun, intuitive and fair way to engage with the platform and also give people the opportunity to win some decent sized Steem payouts!
This is a great system for everyone to have a chance at winning a good amount of Steem daily!
Every day I will post a new Steem Raffle post to be upvoted on. Once posted, for promotional purposes to start, I will send Steem to an upvote bot to automatically give the post some value. This upvote will be made more than 30 minutes after the post is made to ensure that the curation value from the bot goes to the curators. This will guarantee rewards for people that upvote and comment on the post. Once the community is built enough, a vote bot may not be used. The post will continue to receive votes, be commented on, and be resteemed throughout the initial seven day post period.
Just before the Steem Raffles post is paid out, I check the post with a nifty tool that shows everyone that has upvoted on the post and their associated SBD post value. See following example:
For every $0.01 SBD that your vote contributes to the post value, your account will be credited with one raffle entry. So, if your upvote is worth $0.05 SBD then you have 5 entries, if your upvote is worth $7.26 SBD, then you will have 726 entries. The great part about this system, is even if someone has 10,000 entries, it only takes one entry to win. So, minnows and whales alike can benefit from this! Do not be discouraged if you have a low account value, it only takes one win to get paid out and put it into Steem power!
The payout – A lot of contests typically have a set amount. "Win 10 SBD and someone that upvotes or comments will win." This is a bit different. The payout is almost the entire post reward from upvotes!
Here is how it works:
With the tool that can view the SBD value of each vote, the amount from the Upvote bot that is used can be seen. When that is paid out, I will not include that in the actual payout, I will keep that since it is what I have put in. The remaining amount on payout less 5% will be sent to the winner.
So: 75% of payout goes to the author, 25% to curators. The amount from the upvote bot that I receive in SBD will be removed from the total pot since that was used for promotion purposes. The remains of the value of the post less 5% will be sent directly to the winner. This will more easily be seen after we do a couple drawings.
Remember, as the post value grows, so do the payouts to the upvoters and commenters on the post as well since 25% of the post value goes to curators.
How are winners selected?
After the post pays out after the seven day period, the winner selection process will begin. This is NOT a "I will pick someone at random" sort of thing. This is a proven system that works and is truly random that I have used many times before. This will be screen captured the entire way from start to finish with an actual timestamp posed on SteemIt while screen capturing.
Once I have made the list, I will list it into a popular list randomizer site.
I will post the UTC Timestamp ON STEEMIT so it is on the post as well as on the screen capture
I will use a dice roll site to roll a pair of dice to determine the amount of time the list is randomized.
I will then randomize the list the amount of times shown on the dice, and whoever is on top at the last roll is the winner!
The video will be posted to Steemit for all to see.
The winner will be announced in the SteemIt comments below the video, and payment will be sent to the winner.
That's it!
I want to bring some more fun opportunities to Steemit and this is one of them. This can actually really get your adrenaline going as well! It is a lot of fun to watch that list randomize in hopes to be on top! This is a great way to have some fun, earn some Steem, all for free. All it costs is one upvote.
Do understand, I will try to do this every day, and most days I will be able to, but I may possibly miss a day here and there due to work and family. The same goes for the randomizer videos, there may be some days where a day lapses and I can't do a randomizer video, if this happens, they will be caught up!
I look forward to having fun with everyone on the Steemit platform!
Remember, this CANNOT happen without YOU! Please upvote, resteem and follow me to earn your chance in daily Steem payouts!