Bid.Bot (or @bid.bot, as will be used in this document) is a service on the Steem blockchain that allows Steem users to participate in STEEM/SBD based bids, in exchange for an upvote or to trigger a flag on posts.
The @bid.bot services are only meant to be used for promotional activities or for mitigating abuse of rewards by low quality content on the Steem blockchain.
By using @bid.bot, you agree to the terms and conditions mentioned herein. Any inappropriate use of @bid.bot services that is not explicitly covered in this ToS document will result in a permanent ban from our services.
In order to upvote/downvote a post, one must make Bid.Bot credits. Invalid bids may be refunded fully or partially based on the current service cost.
Bids will always be rejected in any of the following cases:
An account that is present in either of the following blacklists:
- Steemit Blacklist
- Custom @bid.bot blacklist
2) Flag Alerts
The post was flagged by @spaminator, @cheetah, @steemcleaners, @mack-bot or @utopian-io.
Upvoting is meant to be used for promotional purposes only. Abusing the upvoting system will result in a permanent and arbitrary ban.
Flagging is meant only to mitigate the impact of low quality content on the Steem blockchain. Abuse of the flagging feature will result in a permanent and arbitrary ban.
You understand @Bid.Bot allows for opposed bids. A negative bid may be sent against a post you are promoting during the same voting round, possibly decreasing the payout without an unpredictable limit.
Value of Bid.Bot Credits
Bid.Bot Credits are virtual STEEM and SBD tokens. The value of these credits is completely dependent on the value of STEEM and SBD on the market as well as the value of the total amount of Steem Power delegated to @bid.bot and the number of bidders participating to the voting round.
By using @bid.bot, you understand that delegation can be taken away or added by its owners, at any time, without @bid.bot's consent, thus decreasing/increasing the actual value of your Bid.Bot Credits, without any set limits.
Ownership of Bid.Bot Credits
Bid.Bot Credits are non-transferrable and locked to your account. You may lose your Bit.Bot Credits in any of the following cases:
A blacklisted account loses access to all its Bid.Bot Credits and their value and utility.
2) Lost Account Credentials
As Bid.Bot Credits are non-transferrable, losing access to your Steem account automatically results in the loss of all the Bid.Bot Credits held in it, as well as their value and utility.
3) Service ShutDown
In the case of service failure or shutdown, you understand that you will lose access to all of your account's Bid.Bot Credits and their associated value and utility.
By delegating your Steem Power to @bid.bot, you may receive a share of the total profits generated, in the form of daily incentives. The incentives are calculated proportionately, based on the amount Steem Power that you have delegated, and they are derived from the daily liquid incomes of @bid.bot received from STEEM/SBD bids.
Delegating does not give you any rights to redeem your incentives in case of system failure or service shutdown.
Delegation is risk-free and can be returned to your Steem account at anytime.
Mining Bid.Bot Credits via delegation
Based on your daily returns, new Bid.Bot Credits will be generated and sent to your wallet together with your share of the liquid STEEM/SBD incentives.
Bid.Bot Credits are generated on a fixed percentage
You understand that this percentage is completely arbitrary and may change at anytime, without limits.
Get in touch
For any questions you may have, do not hestitate to get in touch with us on Discord
ALL INFORMATION PROVIDED FROM OR THROUGH THE USE OF @BID.BOT AND ANY OF ITS SERVICES DOES NOT CONSTITUTE INVESTMENT ADVICE OR ANY FINANCIAL RECOMMENDATION. NO FINANCIAL DECISIONS, OR ANY OTHER TYPES OF DECISIONS, SHOULD BE MADE BEFORE USERS SEEK OUT PROFESSIONAL ADVICE OR UNDERTAKE THEIR OWN DUE DILIGENCE.