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RE: Upvote Shares Level 13 (100% Complete)
How does one go about getting shares? I'm not sure if I missed something in the post or not.
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How does one go about getting shares? I'm not sure if I missed something in the post or not.
Posted using Partiko Android
New shares become availabe each time the account reaches a certain amount of SP. The program will buy up Level 14 (more on that in a post tomorrow) so next available level will be level 15. You can reserve up to 5 shares and will be send a message when they become available and a post will be made with all the needed info. Reservations are non committal so no obligation to take them up when they are ready.
25 out of the 50 Level 15 shares are currently resevred already. If I would make an estimation of the date they become available I would say around the end of june somewhere.
Feel free to let me know if you need more info @nmcdougal94
And the shares would cost 4.1 steem per, correct? Is there a minimum amount I would need to get?
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1 Level 15 Share will cost 4.4 Steem, 4.1 will be powered up and can be claimed back if the program ever ends or sold on the market if you end up quitting on Steem. 0.3 steem is used to buy delegation and allows you to sponsor someone giving them a daily 0.01$ upvote for about a month and the potential to earn a free upvoteshare over time (see post). It is fairly easy to earn the 0.3 steem back as upvotes currently give an equivalent of a 24x self-upvote (check here). I always try to give some of my own sponsorships to the ones that are starting out so the 'entry costs' gets recovered that way.
There is only a maximum amount you are allowed to get which is somewhere around 1 share for every 40SP you have powered up. The intention was to have 1 share show a 0.01$ upvote when using the Steemplus extention but due to the bear market price it takes 2 shares to show a 0.01$ upvote now. Shares also always get more expensive meaning returns will increase on them each time a new level is reached. This project is mostly aimed toward those with a long term mindset on this platform.
I hope that answers your questions, feel free to let me know i you want t be on the reserved shares list.
So to get a 0.01 vote, I'd need to buy 2 shares? Hmmm. Will that upvote increase over time, or only if I buy more shares? And is it linear increases per share, or some other formula?
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Right now 1 shares gives a 3.4% upvote (3% rounded down) and 2 shares give 6.8% upvote (7% rounded up). This % will go down but the minimum value will go up as the SP of the account always grows. The more shares you have the bigger % of the daily upvotes someone gets.
Basically the account always grows because new Steem comes in each level and extra SP is being added on top each time along with the fact that the account is earning some curation rewards. Everyone who gets in gets the same base value for their Steem meaning at least 10% extra is in the account compared to the price of 1 share, each time a new level is reached this value increases.
This table shows that. The ones that for example got 2 shares in Level 4 started out with the account having at least 10% more compared to the steem they put in. By now in level 14 there is at least 29% extra on top. meaning their minimum upvote in relation to the price they paid went up quite a bit. Same goes for level 15 shares that will be worth much more next year when we should be at level 25+. The basic idea is that you always get a much bigger upvote on a daily post compared to powering up the steem yourself, making 10 posts daily and upvoting them each at 100%. The 10X self upvote number is a reference when it comes down to how much steem is worth, this model currently gives somewhere around 25x the self upvote number and you don't lose the steem that you put in. I hope that makes sense. If you are on steemit for the long term it will give plenty of value.
Cool. Well I would appreciate if you would reserve 2 shares for me.
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noted, I'll make sure to send you a message once it become available !
Thank you :) either tag me on something, or telegram if you have it. T.me/nathaneil