BUILDTEAM Token Update

in buildteam •  last year

Hey everyone, @bulleth here with an update on the BUILDTEAM token supply and everything that's been going on in the market!

First auction recap

The first auction was a huge success, with early adopters doubling their investment in a just a matter of days. We received bids from 20 different people and each participant ended up receiving 1.73 STEEM per token:

 Total Pot         = 2100 STEEM
 Bids Received     = 1214 BUILDTEAM
 1 BUILDTEAM       = 1.73 STEEM
 
 Participants      = 20
 Average Bid       = 59.7 BUILDTEAM
 Max Bid           = 147  BUILDTEAM

New issue and token supply

As 1214 tokens were bid in the last auction, only 3786 new tokens will be issued in August.

2000 new tokens were issued on August 15, bringing total supply to 19 000. Another 1786 tokens will be issued on August 31, which will bring total supply at the next auction to 20 786.

Of the 19 000 tokens that currently exist, 13 859 are held by directors and company accounts that are unable to participate in the monthly auctions. Of those 13 859 tokens, only 1493 tokens are currently available to purchase on the open market.

State of the market

BUILDTEAM last traded at 12 BTS ($1.48), down from a record of high of 18.46 BTS earlier in the week (over $3 at the time). There are currently 2348 tokens available for purchase on the open market, with the lowest ask sitting at 11.99 BTS. The highest bid is currently 11 BTS, with buy orders totaling 3377 BTS.

The three largest holders of BUILDTEAM who are eligible to participate in the next auction are:

prosirius101 (1090)
bull-eth     (604)
netuoso-42   (545)

Get in quick!

The next pot will be announced on September 3 and rumours abound that it will be even bigger this time, with more than 3000 STEEM up for grabs. Considering BUILDTEAM was trading at 15 BTS at the last auction, with a pot of only 2100 STEEM, in my opinion these tokens are incredibly cheap right now. There are currently more than 350 tokens available between 11.99 and 15.

As BuildTeam staff are paid on the 1st and 15th of each month, mid-month will likely continue to provide opportunities to pick up tokens at a discount. Don't expect them to stay cheap for ever though, when the last pot was announced, price doubled in 48 hours:



So if you are looking to get your hands on some BUILDTEAM for the next auction ... you better get in quick while they're still cheap!


How do I buy BUILDTEAM tokens?

Tokens can be purchased on the OpenLedger - https://bitshares.openledger.info/?r=buildteam

If you already have an OpenLedger account, use this link to go directly to the exchange pair:
https://openledger.io/market/BUILDTEAM_BTS

How do I participate in the monthly BUILDTEAM auction?

We recommend reading the following posts to understand BUILDTEAM better and participate in bidding:

https://steemit.com/buildteam/@buildteam/pre-ann-the-buildteam-bidding-process-tutorial

https://steemit.com/buildteam/@buildteam/buildteam-bidding-announcement

What determines the price of BUILDTEAM tokens?

Like all exchange traded assets, buyers and sellers determine the price of BUILDTEAM tokens. Current supply and the size of the monthly profit pot are the primary fundamental drivers.

The Team

Who is behind BuildTeam?

The BuildTeam's organizational structure looks like this:

--------------------THE BUILDTEAM--------------------

BuildTeam General:

@thecryptodrive (@buildteam co-owner, CEO and Steem/Peerplays Witness)
@reggaemuffin (@buildteam co-owner, Steem witness and CTO and Lead Developer of @minnowbooster and @steemsports)
@cryptomancer (@buildteam co-owner and CTO and Lead Developer of @steemvoter)
@coinhawk - (@buildteam Business Development Manager)
@techblogger - (@buildteam Business Development Manager)
@bulleth (@buildteam Business Development Manager)
@tech-trends (@buildteam Assistant Public relations officer and Chat Moderator)
@bania (Nigerian Community Ambassador)

Developers: @mildfun, @netuoso (witness), @on247

Designers, UX and Multimedia: @carlosd15, @kozak, @velimir (Multimedia Manager & Writer), @shrey, @heelzkinu

SteemSports
@theprophet0 - (@steemsports General Manager, Editor-in-Chief and Steem/Peerplays witness)
@scottybuckets (Steemsportscast Presenter)
@writingamigo (Steemsporstcast Presenter and Editor)
@sirlunchthehost (Steemsportscast Presenter and Video Journalist)
@gnocdepatat (@steemsports community manager and writer)

@princewahaj (@steemsports SEO expert)
@murda-ra (@steemsports consultant and @minnowbooster Discord chat moderator)

Other:

@smooth and @neoxian (@minnowbooster advisors and liquidity providers)

Support

What is the best way to get in contact with BuildTeam?

Please visit our Discord support chat for help with any questions or problems you may have:


Thanks for your interest in BuildTeam and stay tuned for more exciting projects!


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that is good :)

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This post received a 3.2% upvote from @randowhale thanks to @mountrock! For more information, click here!

Wawww .. Nice post, really interesting to folllow !

Thanks @buildteam for your detailed links and information about Build Team Blockchain Innovators. I appreciate your effort in doing this however it looks like you have a better understanding with @bulleth and @thecryptodrive being the CEO is a good pointer that build team is driving towards something great. Please keep it up. I appreciate.

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1NSQSxRcGMsEYJGjtEZudib4A9beNMuCvL

Need to learn more about builteam. I like to follow you @buildteam for grow my goal. Thank. If you have time l should learn to you.

Hey guys! I advertised you in my last post! I hope it gets you more clicks! If you find any tokens collecting dust somewhere - OL: st44m

Cheers!

Have Trade able markets....​

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We are focusing on BUILDTEAM/BTS market for the moment as we'd rather have one moderately liquid market than many markets with no volume.

Seems a good investment to me I will read more about it.

Please comment on my post about investment in market
https://steemit.com/investment/@amanjain2k/best-investment-coin-please-share-your-thoughts

Thanks you @buildteam
New issue and token supply

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Thanks you @steemboad :)

@jacksonoskele got you a $1.55 @minnowbooster upgoat, nice!
@jacksonoskele got you a $1.55 @minnowbooster upgoat, nice! (Image: pixabay.com)


Want a boost? Click here to read more!

A very informative post. thanks a lot @buildteam for sharing. i'll pass the massage to my friends.

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Thanks khekhem!

Market analysis is quite better.

Thanks for information

what is build team?

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Hey, @buildteam is a team of marketers, developers, managers and creative thinkers who build apps for blockchains like Steem.

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oh that is cool indeed, I'm going to follow you ,you got my attention !!

Hey guys, I only see one pic in steepshot, how do I read an article? I'm a newbie btw

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Try refreshing the page - there should be at least two pictures and a bunch of text :)

Thanks @buildteam for your information about Build Team Blockchain Innovators. I like and i appreciate your effort in doing this. Its great idea. :)

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Thanks theceo :)

Seem like a good investment this will certainly look into it. Please head on down to @rogerblu and check out my article on a feiend of mine who has cancer trying to raise some funds for her a follow and upvote will be appreciated.

Awesome informative post hank you so much for sharing
this is a great team!

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Not a problem mate!

Its a very good post i will still read carefully. Nice vision

complicated but informative no dought!, should try to decrees the length of post, too much posts are ignored due to their huge gape between top and bottom.

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We only do these updates once a month and there's a lot of info to get in!

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ahh right sir, and Post is informative no dought, so thanks for the reply , But............... Vote is necessary !

Follow me @uangdatang because life is easy
Thanks

super interesting

great informatibe post my bro
@steemprice @minnowbooster @steemvoter

Great article. Thank you.

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Glad you enjoyed :)

In doing this you seem to have a better understanding with @bulleth and @ thecryptodrive as CEO is a good pointer that builds teams into something great.

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wow. this is a very great post and very interesting. i am joining the discord to know more

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Great, look forward to seeing you on the discord server!

Good to know

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Excellent comment, I really like your work. I think it is very objective in the analysis and in what you want to convey. Thank you for sharing your knowledge with us.


that is why your post it in hot!!!
very good post!!!

Awesome post! I'm going to spend some time researching and trying this myself. Up dated following

Congratulations @buildteam!
Your post was mentioned in the hit parade in the following categories:

  • Upvotes - Ranked 1 with 678 upvotes
  • Pending payout - Ranked 4 with $ 231,3

Nice post! Been looking to get into crypto for a while now, might just have to make a move...

Effective knowledge of build team

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Knowledge = power

good info

Can i buy btc??

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We don't have a BTC market set up yet as not enough volume, the easiest way is probably to use blocktrades.us to convert your BTC to BTS :)

from @rizwankhan
nice post.thanks for sharing info with us.

That is great post @buildteam .. I'am Really to interesting to upvote and follow

Thank you @buildteam for this post, It's very nice !!!

Good to see this token doing well. Can anyone help me get some more detail:

1.Where can I find a table / chart to check the monthly profit of all the BUildteam's steem based project?

  1. What percentage of this profit is assigned for token holders?

  2. How many total no. of employees have you got currently? What is the total emoluments being paid to them.

  3. Is it decided that you will always distribute a fix amount of only 5,000 tokens to your staff every month?

  4. What if some day acquiring this token seems costly to you, would you generate tokens on your own instead of recycling? What stops you to do that?

Any answer to these will be highly appreciated. TIA!

Build Team Good Job!