Massive Update! Sellable Shares? Daily Briefing- IncinBoost
Intro
The seats are getting taken quite rapidly, so make sure if you want to join to do so fast!
Numbers
A relatively solid day again, not as massive as the other two but it still added shares so can’t complain!
Firstly, we added 2 more members in the last 24 hours.
Secondly, we now have a total of 1770 sp! This is a jump from yesterday’s 1110, so we are making moves! This puts the maximum shares available to over 300, and the new max shares per person is 34.
Lastly, we have a total of 227 shares! This is an increase of 20 from yesterday, with 10 of the 20 coming from a delegation!
Massvie Update
Sell Your Shares!
We are now changing the bots functionality to better compete with others at a rate that nobody else can match! As you are investing steem into IncinBoost, you only are able to make your money back from the upvotes we provide. Unlike a standard investment, you aren’t able to actually sell the shares that you have, so we decided why shouldn’t we add that!
How/Why to Sell
Maybe you have decided steemit isn’t for you and you aren’t going to be posting, or maybe there is some other reason that you no longer want to have your shares. We are now allowing you to sell your shares to anyone on steemit for .4 each. This will allow others to jump on board easier and allow all our seats to be more efficiently used.
For this to work without any risk of damages, IncinBoost will be facilitating all trades as a middleman. If you are selling your shares, you must send a .001 sbd/steem memo saying how many shares you are selling. The buyer of the shares then has to send the amount of steem equivalent to the shares that they want to buy, and list the amount they want in the memo. We will decide whose shares you get, and we will most likely choose the seller who has had theirs up the longest. If all shares have not been sold, the remainder stays in your account until all has been bought.
Our Cut
We are going to be taking a 10% fee for the services. This cut will come after the buyer has paid, and will only impact that sellers amount. Each share will net you at the end .405 steem, and .045 will go to us.
Let us know your thoughts down below, and let us know if this makes you feel better when it comes to investing with IncinBoost!
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interesting
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A really cool idea and also another way to earn money for the bot :)
IDK who will use it now until the bot is bigger but it a good feature to have
For sure. It’s just a way for people to be more “ok” with investing the steem with us
Math dosent add up selling share for 0.4 but your cut is calculated using 0.5 as sale price... which is it?
Also i want in. You should be posting a link to the information on how to join. Or just repost the instructions....
I like where you are headed with this.
The "used" shares need to be sold on open market so that market forces determine the price on the secondary market. Bitshares would likely be a good fit for this type of asset.
Check this accounts post for details, the first post describes how to join. When buying shares you also sponsor someone, so that is 2 shares that are given per 1 steem. So basically 1 share is worth .5 steem. Seeing how one would get upvotes until they sell, if they play their cards right they can walk away with a profit.