Steem Tribe Tokens UpdateThe platform is still in full development trying to figure out the different steem-engine tribe tokens along with the SMT's that are around the corner. I will try to manage the tokens and airdrops as good as possible and splitting the risk staking them on this account while selling them on the @minnowshares account turned out to be a good call. I will mainly try to increase the PAL holdings since nearly everyone is also using that tag. I will see if I can alter the upvote % on the SPORTS and LEO tokens that have been staked as explained in the latest post from @abh12345 after trying it out only main account first.
|Tribe||Currently Staked||Steem Value|
|Palnet.io||650 PAL||260 STEEM|
|steemleo.com||500 LEO||55.5 STEEM|
|Sportstalk.social||2800 SPORTS||8.12 STEEM|
I increased the PAL from 600 to 650 by converting some of the PORN airdrop. I am also unstaking 100 LEO to convert into PAL. I'm not sure how all these tokens work out in the near future but for now, it's a great way to give some extra value to all active Shareholders and to help the project move forward at a similar pace of 25 days to reach the next level.
The account has reached 3890 SP unlocking level 16 (See Table) after level 15 opened up exactly 26 days ago. This means 50 new shares from the @upvoteshares account that spreads out daily upvotes become available. All of them have been reserved!. The current low ~0.24$ price for 1 Steem hurts the upvote $ value but also makes it very cheap to get in for everyone who is in it for the long run and believes in the platform...
|Share Price||4.160 STEEM||Can be recovered at any given time by selling the share on the market, but comes with a 0.200 STEEM exit cost which benefits all other shareholders.|
|Share Entry Cost||0.300 STEEM||Will fully be used to Buy Delegation to slightly increase the upvote worth and allows 1 Minnow Share Sponsorship.|
|Total||4.460 STEEM||The total Steem for 1 Share|
Level 16 Reservations
|@roleerob||5 Shares||22.3 STEEM|
|@costanza||5 Shares||22.3 STEEM|
|@macoolette||5 Shares||22.3 STEEM|
|@trincowski||5 Shares||22.3 STEEM|
|@barbara-orenya||5 Shares||22.3 STEEM|
|@ervin-lemark||5 Shares||22.3 STEEM|
|@hans001||5 Shares||22.3 STEEM|
|@glastar||2 Shares||8.92 STEEM|
|@meesterboom||2 Shares||8.92 STEEM|
|@jlordc||2 Shares||8.92 STEEM|
|@abh12345||2 Shares||8.92 STEEM|
|@braaiboy||2 Shares||8.92 STEEM|
|@romeskie||2 Shares||8.92 STEEM|
|@fullcoverbetting||1 Share||4.46 STEEM|
|@byebyehamburgers||1 Share||4.46 STEEM|
|@bashadow||1 Share||4.46 STEEM|
|Total||50 Reserved Shares|
The ones who have a reservation can send the required steem to the @upvoteshares account with the memo
Payment Level 16 Shares, I understand how this project works and agree with all terms and conditions (https://steemit.com/steemit/@upvoteshares/upvote-shares-or-terms-and-conditions)
I will confirm when your shares have successfully been assigned in the comments below where you can also let me know who you want to give your sponsorships to. In case you don't have the Steem directly available confirm your reservation in the comments and send it later on (before 07/08/2019). If you don't want to take up your reservations also let me know if possible so they can be taken up by others. I will likely keep the voting weight at around 3.4% for each Share and will increase the upvote % as I'm assigning the new shares.
Level 15 Schedule
Monday 29/07/2019 Upvote Shares Level 16 Available
Friday 02/08/2019 Upvote Shares Level 16 Sold Out!
Wednesday 07/08/2019 Upvote Shares Level 16 (100% Complete)
You can always request shares for this level in case some don't take their reservations up. It's also possible to already reserve shares for Level 17.
|1 Daily upvote from the @upvoteshares Account||This for as long as this project runs. (the 4.160 STEEM Share Price can be claimed back in case the project ever ends!)|
|Tribe Upvotes||650 PAL-500 LEO-2800 SPORTS is staked by the account which will increase the payouts on posts with that tag!|
|1 @minnowshares Sponsorship Giveaway||Can be Sponsored to someone by choice or be given away by hosting a Contest. Only accounts with roughly around <500$ worth of STEEM or that currently have between 1 and 8 sponsorships qualify. Current sponsorship count can be found on the @minnowshares account in this post.|
At any given time, the amount of SP in the account will at least be 10% higher compared to the current share price based on the number of shares. [ Example Level 16 Price = 4.160 STEEM | Minimum Powered Up SP in Account = (4.160 STEEM x850 SHARES)x1.1 = 3890 SP ]
Each share represents an equal minimum daily voting % from the account that can be calculated. For Level 16 this is 1000% / 850 Shares = 1.18% Upvote. Based on current Steem Price this is a ~0.000641$ upvote. (To calculate accurately do SP x1000 and Upvote /1000 on 1% and recalculate to 1.25% see image )
This is the Minimum Guaranteed number in case every single share is active and all daily upvotes are used without counting any of the value creating mechanisms the project offers. The minimum value goes up each time a new level is reached because shares will always become more expensive as the account grows and extra SP is being added each new level. Those who got in on previous levels paid less for each share and have increased their minimum return a bit (see numbers).
There are currently plenty of inactive shares that directly increase Shares. Many of the shareholders from previous levels don't make daily posts and I try to have the Voting Power steady around 80%-90% which allow for an increased overall voting percentage to ~1700% and above. Each Level is pre-funded which means most of the SP from Level 17 will already be in the account to increase the upvote value. Leased SP from previous Levels are all still active and this will be increased by buying extra 90 day delegation from all the 0.300 STEEM entry costs. The @upvoteshares account has some savings to maintain the pace of moving to the next level in the future when it gets harder. This SP is powered up on the @minnowshares account and leased to the @upvoteshares account to give a bit extra value to shareholders (200SP). Also a big thanks to @mcoinz79 for a 100SP delegation that helps to increase the returns from all shareholders. Different Staked tokens also increase the overall returns compared to the minimum.
All this brings the expected upvote for each Share at...
1750% / 800 = ~2.2% from the @upvoteshares account that will have ~5250SP in it. This currently makes the upvote for 1 share worth ~0.0020$. (3.3% at 80% VP)
(This might go up or down a bit based on how the voting power holds up and does not include the extra upvotes from Staked Tokens.)
While the upvotes themselves might not be spectacular because of the continued low Steem Price, it is important to know that they are realistic and sustainable. One of the main ideas is that each share beats a 10x self-upvote that can be done with the amount of Steem it represents. If steem goes back up the upvote $ amounts will increase along with that.
|Daily Upvote||Before Curation||After Curation|
|4.160 SP (10x Self Upvote)||~0.000582$||~0.000582$|
|1 Upvote Share Minimum||~0.000641$||~0.000513$|
|1 Upvote Share Expected||~0.002017$||~0.001613$|
Calculations were done using The Steemit Upvote Calculator
It is important always to focus on the minimum upvote and see everything on top as something extra that will likely decrease over time. Upvotes will be set at minute 12 which will take ~20% curation rewards, while this does not beat the 10x self upvote at the bare minimum levels, it will over time since the value of each share always increases. [ see table ]
Every Upvote Share comes with 1 Minnow Share that can be sponsored. The ones that get sponsored get on the auto-upvote list from the @minnowshares account until the next level is reached. Everyone who manages to get sponsored 8 Minnow Shares over time can claim 1 Upvote Share. (There were 50 reserved in level 0 and more in later levels). There will be a ~10 day delay for Minnow Shares to start spreading out upvotes so everyone has enough time to choose who they want to sponsor or organize a contest.
The account of every Shareholder will be followed by the @upvoteshares account, this will help to increase the followers_mvest needed to get / increase busy.org | busy.pay upvotes and also helps to boost your @steem-ua score.
Make a reply with a request in this post if you want to get in ad I'll let you know if anyone doesn't take up their reservation. It is also always possible to reserve shares for the next level or to be added on the auto reservations list like many which is the most optimal way to get in.