BuildTeam Announcement - Token Buyback Campaign Starting Soon!

in #buildteam5 years ago (edited)




A New Buyback Policy Coming Soon!

In this post we would like to announce an exciting new policy based around the BUILDTEAM token.

That's right, BuildTeam would like to officially announce that our token buyback program will begin soon!

Currently, we have one of the only tokens trading on the Bitshares DEX that entitles users to rewards based on a percentage of the organization's monthly revenues.

This in itself offers outstanding value when compared to other tokens that don't offer the same incentives to hold them.

Now we'd like to push the bar even higher and inform traders and holders that as of April 16, 2019 we will be using 5% of total nett revenue for each pay period to buy back tokens. This will not affect distributable earnings as this will come from the BuildTeam savings portion, we are effectively decreasing savings in favour of token buybacks.

Benefits of our Token Buyback Campaign

The technical definition of liquidity is, “The degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price”. The higher the volume of activity in a market, the more an asset can be regarded as liquid. Our new token buyback campaign will add liquidity to the market giving traders and stakeholders more flexibility.

This action will most likely result in several forms of price appreciation. Naturally, as BuildTeam buys back tokens, the price will move upwards as a direct result but that will just be one of the forces putting upward pressure on the token.

Stakeholders of BuildTeam tokens will benefit as there will be fewer tokens on the market that can be added to the staking pool. Staking entitles stakeholders to a monthly reward based on earnings and holders receive a reward that is proportional to the number of tokens they are staking in relation to the total number of outstanding tokens being staked.

As tokens become more scarce, outside investors typically take note of this and buy tokens themselves effectively drying up the supply. Price appreciation of a token also can be a good way to advertise the token as people see high percentage gains and become interested in conducting research about the token and the entity backing it.

Suffice it to say all this means that our buy-back policy will most definitely put upward pressure on the token beyond our own internal efforts and result in further upward momentum going forward.

Now we'd like to take a moment to highlight our token spreadsheet and go over a few possible scenarios.


BUILDTEAM Token ROI Scenarios

There are many different possible circumstances that could put upward pressure on the BUILDTEAM token price.

Scenario 1

The first scenario below assumes a STEEM price of $0.46 and a BT token price of $0.45.

Assuming Steem distributions remained at 1,400 per payout period the USD earned annually per BT Token staked would be $.16 which would amount to a ROI of 36.40% annually.

We've developed a scenario spreadsheet as a tool and mechanism to highlight various assumptions such as the ones stated above.


image alt

If a BUILDTEAM stakeholder had reinvested the STEEM tokens they had earned back into the token, the numbers would be even more impressive due to the effects of compound interest.

Scenario 2

But what happens if the STEEM distribution increases by 10% per pay period (starting with 1400 for pay period 1)?


image alt

In this scenario ROI increases to 123.47% annually.

Scenario 3

What happens if STEEM price is $1 and we have STEEM distributions increasing by 10% per pay period?


image alt

This would result in ROI delivering a 269.54% return annually.

As you can see there is a lot of potential for price appreciation depending on improved circumstances.

If anyone wants to play around with the spreadsheet and try out different numbers for themselves, they can ask in our Discord and we will make the spreadsheet file available for download.

Why should you consider staking BUILDTEAM Tokens?

Buying BUILDTEAM tokens is a relatively easy process which can be done on the secondary market through the Bitshares exchange here: https://wallet.bitshares.org/#/market/BUILDTEAM_BTS

Please note that BuildTeam does not engage in direct token sales and all tokens are distributed as bounties to workers and builders of our services.

There are many reasons why you should consider staking BUILDTEAM tokens:

1.) They provide regular rewards via STEEM staking payments made semi-monthly to stakeholders.

2.) BUILDTEAM tokens are a way to fund BuildTeam's continued efforts to build on the Steem ecosystem.

3.) The tokens have a limited supply and low maximum distribution rate of 5000 tokens per month, which means they have a lot of potential to increase in value quite easily and quickly given the right market conditions.

4.) BuildTeam itself has ambitious plans to add to the use case model of BUILDTEAM tokens in 2019!

Tracking the BUILDTEAM token

If you'd like to keep track of our token's USD value and circulation metrics, we were recently listed on CoinGecko and that data can be viewed here:

https://www.coingecko.com/en/coins/buildteam/

>
image alt

Currently there are several ways to access the Bitshares DEX and trade BUILDTEAM Tokens:-

Firstly there is the standard Bitshares DEX interface:

https://wallet.bitshares.org/#/market/BUILDTEAM_BTS

They can also be traded on:

Rudex - https://market.rudex.org/#/market/BUILDTEAM_BTS
Openledger - https://openledger.io/market/BUILDTEAM_BTS

If you are unfamiliar with the BUILDTEAM token, we highly recommend you read the post below as it covers some of the most important aspects like the innovative 13 week staking system which was originally intended for Steem SMT's and is in play on the Steem blockchain.

The post also covers the recent performance of the token which many people may find interesting:

https://steemit.com/buildteam/@buildteam/buildteam-staking-performance-review-of-the-buildteam-token

BuildTeam's Just Getting Started!

There is no doubt that BuildTeam is taking broad steps towards the future and we'd love for you be a part of it!

For more information about BuildTeam and the BUILDTEAM token, go ahead and visit our website at https://www.buildteam.io/tokens.php or jump into our discord and we'd be glad to answer any questions you may have.

Here's to a fantastic year of further blockchain developments!



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Guess I need to go add some!

Posted using Partiko iOS

I don't have any money to invest but I am really interested in investing in the @buildteam token sometime in the future - it would help me diversify some of my portfolio, I strongly support the #BuildTeam vision and I love the idea of distributing corporate profits through dividends via Staking.

Thank you @thecryptodrive, @cryptoctopus @reggaemuffin 😊🖐️👏

Keep working hard and being passionate, money will come.

Please move your BT tokens from bitshares dex to @steem-engine so that steemians can trade with ease using keychain.

That is something we are currently looking into. But it isn't as easy as creating some random new token :)

That sounds like a good plan and to have a team of creative people happy, I love to send them a !BEER to enjoy the upcomming weekend.

sure, the funny BEER token is build on the @steem-engine to spread the love for this nice and healthy drink

hey @detlev, I guess you had to much !beer as well :-)
maybe correct it from !bber

Thx @felander, only one beer today but a shitty autocorrect and typing error.

Fixed now

Posted using Partiko iOS

Could having something akin to BTCP on Steem-engine work?
Not sure what the process is but thats the closest thing to a cross chain token i see existing.

Our plan is to build a bridge between bts and steemengine, so you can convert tokens and stake on both platforms. Or we could do a one time airdrop transition as every stakeholder has a steem account associated with it, so that should be possible.

We plan on getting community feedback on this before we start though 😎

Wow @reggaemuffin I'm intrigued with that idea and it's what I was hoping for the BuildTeam token #SMT 👏😊👍

We have to first create the staking and distribution smart contract, Bitshares Bridge etc, I would say possible ETA around end May, early June when BUILDTEAM will be tradable on both Bitshares and Steem-Engine.

That's a very good news :)

Hi, @buildteam!

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ah cool, I just added another 30 to my share and am happy to get to over 0.5% of the tokens. Target 1%...
Must get some more before this will drive up the price.
one question though: what will happen with the tokens that are being bought back?
are you burning them because that is not really clear in the post

Our current goal is to redirect them towards development efforts to further increase profits :)

so you will then not be taking any of the profit share of the bought back tokens?
could you then elaborate a bit on what you mean with:

Our current goal is to redirect them towards development efforts to further increase profits :)

This means that we will issue them as bounties for further work done by internal and external contractors of BuildTeam. But likely spread out over time.

Aha. So youre basically working on slowing down inflation. ;)

You could look at it that way, it also instils confidence in the market that we are prepared to buy back our tokens, we wouldn't do so if we didn't believe in our own team and products obviously.

I don't see the option to retweet this post so it remains in my feed. can someone help me to retweet please.

I see it on Chrome, see image above, you can also just copy the post link and paste it into a Tweet.

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