SteemFolio - An update on the format of the list of participants

cryptochannel (61)in #steemfolio • 7 years ago

Since the list function on the platform only allows for 5 rows I have to change it up a bit to add more important values than the ones on it now.

Name	Letter	Stake	% of the 10% share	value in $

Name	Stake (%)	SteemPower ($)	SteemFolio ($)	Total current value ($)

the changes:

removing "letter" and all participants will be listed in order of when the stake was created instead.

Also adding the percentage of the stake in the same row with the stake amount. The SP and its current value in USD in one row and the liquid Steem which will be diversified into other altcoins in another . SteemPower is the 50% that will be kept in SP and 5% of that goes to stake owners who can choose to withdraw it at any time to the cost of their stake. SteemFolio are the diversified assets which the 5% are withdrawable by the stake owners once every quarter. (January, April, July and October) maybe an exception this April depending on the investments and the possibility of liquidation).

Since most digital currencies are very volatile, including bitcoin, the SteemFolio amount will be posted in USD. This will make it more fair when making investments (for example let's say I'm investing 100 Steem into ethereum. Instead of documenting that I invested 100 Steem or 0.0074 BTC (at current price) I will count it as USD and the changes in value will reflect the USD price. This is in case either Steem or bitcoin changes drastically giving me a negative profit value of altcoin x because the steem or btc i invested it in has risen a lot more.)

Hope that wasn't too confusing, I don't always english properly :P

The reason why I am holding 50% of the posting rewards in SP is because in my opinion we are nearing a low that can't go much lower and the potential is still there.

As of right now there are a total of 33 stakes from 24 unique users for 10% of the Portfolio.

More info on how the Portfolio's coins will be listed and divided on the next post! Stay tuned and follow @cryptochannel for more info! Like always, stakes will be created through votes by this account on comments!