Passive income with Buildteam proof of stake
![](https://steemitimages.com/640x0/https://i.imgur.com/dqH8DKl.jpg)
I participated in the last auction and got a very nice return on my investment
But now the auction system has passed and they are evolving to a Proof-of-Stake way of working
you can read their original article [here](https://busy.org/buildteam/@buildteam/buildteam-announcement-proof-of-stake-has-arrived-stake-your-tokens-now)
Since I still had some Buildteam tokens (a whopping 3 tokens) sitting in my Bitshares wallet I decided to get them staked and want to do a step by step for you all to show how to go about this... If you do not have any buildteam tokens yet then this definitely is the time to go get them
Basically there is not a lot to it:
![](https://steemitimages.com/640x0/https://i.imgur.com/bbjcoqN.jpg)
then the next step will be filling out the form to transfer the funds you want to stake.
- So the recipient will be buildteamvest
- Do not forget to change the coin to Builteam token because it is automatically set to BTS
- enter the amount you want to vest
- and in the memo field you should mention the account that will get paid with the stake, this does not need to be your account but it HAS to be a STEEM ACCOUNT (my account: felander is fine as well)
as you can see there are already some people that have staked their buildteam tokens and will be receiving part of the pot payout twice per month: on the 1st and the 16th of every month there will be a nice extra in their wallet
following the link to the excel document will show who is staking how much and in the pic you can see that I am now among such illustrious names as @velimir @furious-one @techblogger @steembusiness
https://docs.google.com/spreadsheets/d/1AiiI_zqwb4g37aiteoIiprStIYl2M_N4F0aETyfZ8K4/edit#gid=0
your name could be here as well and this could be a start to some really nice passive income
if you get enough and SMTs explode the steem price this might turn out to be early retirement (more for them then for me, but hey, Babysteps)
So, upvote this post so I can get me some more buildteam tokens to stake
thanks
@felander great tutotial, thanks! I have a question for you.
When we transfer the builteam token to buildteamvest , we are giving the token to them forever, in exchange for the steem stake? Or we can get the BT back later?
How does it work?
And the stake will continue indefinitely?
Regards, @gold84
You can get them back just in the same terms as steem power over a 13 week period
But with them now announcing the new partnership i suspect the token value will go up
Thanks @felander ! Very fast reply. So, in case we wanted to get them back as steem power were are the instructions? Or do you know were to do it?
Regards, @gold84
The staking is done on the openledger platform, so that where you get the tokens. There is a link in the article explaining all the details
Thanks @felander ! I am on the same boat now. I just bought 35.8 and already placed it to stake.
Regards, @gold84
Nice tutorial! I’m glad you’re having fun staking and hope it makes you a nice long-term profit. One suggestion: you might want to clarify that the account you put in the memo field should be a Steem account, since payouts are in Steem.
thanks for the comment and the vote
and you are correct about the steem account, I will edit this since this could cause confusion otherwise.
I have followed you @cryptomancer
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