Upvote Shares Level 5 Available...

@upvoteshares is a project from @costanza that aims to provide Daily Upvotes based on a fair model that should be sustainable and scalable over time. This Project is mainly aimed towards Steemians with a longer term mindset.

If you are not fully up to date with this project, I highly recommend reading all the details in the Terms and & Conditions !

---

The account has reached 1155SP unlocking level 5 (See Table) after level 4 got sold out about a month ago. This means 50 new shares from the @upvoteshares account that spreads out daily upvotes become available. All 50 Shares have been reserved (See Reservations Post). Reservations are non-committal, so it is still possible some level 5 shares can become available, It's also always possible to reserve a spot for level 6 already...

LEVEL 5 RESERVATIONS

Account	Reservations	STEEM
@trincowski	10 Shares	38.000 STEEM
@roleerob	10 Shares	38.000 STEEM
@angelacs	5 Shares	19.000 STEEM
@costanza	5 Shares	19.000 STEEM
@newageinv	5 Shares	19.000 STEEM
@shookriya	4 Shares	15.200 STEEM
@andrewharland	3 Shares	11.400 STEEM
@barbadosso	3 Shares	11.400 STEEM
@fullcoverbetting	2 Shares	7.600 STEEM
@jlordc	2 Shares	7.600 STEEM
@byebyehamburgers	1 Share	3.800 STEEM
Total	50 Shares

---

Level 5 Schedule
Thursday 18/10/2018 : Level 5 Opens Up
Sunday 21/10/2018: Level 5 Reservations Expire
Monday 22/10/2018 : Level 5 Closes Down
Monday 29/10/2018: Minnowshare Sponsorship Deadline

---

-	50	Available Shares
Share Price	3.500 STEEM	Can be recovered at any given time by selling the share on the market, but comes with a 0.200 STEEM exit cost which benefits all other shareholders.
Share Entry Cost	0.300 STEEM	Will be used to Buy Delegation to slightly increase the upvote worth and allows 1 Minnow Share Sponsorship.
Total	3.800 STEEM	The total Steem for 1 Share

---

1 Daily upvote from the @upvoteshares Account	This for as long as this project runs. (the 3.500 STEEM Share Price can be claimed back in case the project ever ends!)
1 @minnowshares Sponsorship Giveaway	Can be Sponsored to someone by choice or be given away by hosting a Contest. Only accounts with <750SP or that have been sponsored between 1 and 6 Minnow shares in the past qualify to be sponsored a Minnow Share (See Current Minnowshares Count).

---

At any given time, the amount of SP in the account will at least be 10% higher compared to the current share price based on the amount of shares. [ Example Level 5 Price = 3.500 STEEM | Minimum Powered Up SP in Account = (3.50 STEEM x 300 SHARES)x1.1 = 1155 SP ]

Each share represents an equal daily voting % from the account that can be calculated. For Level 5 this is 1000% / 300 Shares = 3.33% Upvote. Based on current Steem Price this is a ~0.00227$ upvote. (To calculate accurately do SP x10000 and Upvote /10000 see image )

This is the Minimum Guaranteed number in case every single share is active and all daily upvotes are used without counting any of the value creating mechanisms the project offers. The minimum value goes up each time a new level is reached because shares will always become more expensive as the account grows and extra SP is being added each new level. Those who got in on previous levels paid less for each share and have increased their minimum return a bit (see numbers).

There are currently still more than 50+ inactive shares out of the 300 shares that will be in circulation after level 5 is complete and they don't count towards the upvote % distribution. Many of the shareholders from previous levels don't make daily posts which allows for an increased overall voting percentage to ~1250%. Each Level is pre-funded which means most of the SP from Level 5 will already be in the account to increase the upvote value. Leased SP from Level 1, 2, 3 and 4 are all still active and this will be increased by buying extra 90 day delegation from all the 0.300 STEEM entry costs that came with the Level 5 Shares. The @upvoteshares account has some savings to maintain the pace of moving to a the next level in the future for when it gets harder. This SP is powered up on the minnowshares account and leased to the upvoteshares account to give a bit extra value to shareholders (20SP). The 90 days lease (135SP & 130SP) from Level 1 & 2 will come to an end soon (22/10/2018).

All this brings the expected upvote for each Share at...
1250% / 245 = ~5.10% from the @upvoteshares account that will have ~2066SP in it.
This currently makes the upvote for 1 share worth ~0.0069$. (6%)
(The ~6% vote for each share might increase or decrease depending on how the total Voting Power holds up but will always stay above the minimum promised Percentage. Level 4 Upvotes were expected at 8% but turned out at 10% !)

---

While the upvotes themselves might not be spectacular because the bear market Steem Price, it is important to know that they are realistic and sustainable. One of the main ideas is that each share beats a 10x self-upvote that can be done with the amount of Steem it represents. If steem goes back up the upvote $ amounts will increase along with that.

Daily Upvote	Before Curation	After Curation
3.50 SP (10x Self Upvote)	~0.00196$	~0.00196$
1 Upvote Share Minimum	~0.00227$	~0.00182$
1 Upvote Share Expected	~0.00696$	~0.0557$

Calculations were done using The Steemit Upvote Calculator

It is important always to focus on the minimum upvote and see everything on top as something extra that will likely decrease over time. Upvotes will be set at minute 12 which will take ~20% curation rewards, while this does not beat the 10x self upvote at the bare minimum levels, it will over time since the value of each share always increases. [ see table ]

---

1. Every Upvote Share comes with 1 Minnow Share that can be sponsored. The ones that get sponsored get on the auto-upvote list from the @minnowshares account until the next level is reached. Everyone who manages to get sponsored 6 Minnow Shares over time can claim 1 Upvote Share. (There were 50 reserved in level 0). A post will be made where everyone can reply with who they want to Sponsor. There will be a week day delay for Minnow Shares to start spreading out upvotes so everyone has enough time to choose who they want to sponsor or organise a contest.

2. The account of every Shareholder will be followed by the @upvoteshares account, this will help to increase the followers_mvest needed to get / increase busy.org | busy.pay upvotes and also helps to boost your @steem-ua score.

3. Everyone who has 2 or more Upvote Shares can choose 1 post they want to have resteemed on the @upvoteshares account before the next level is reached to give it some more exposure.

---

It is possible to Sponsor 1 or more Upvote Shares to someone else. In this case the Steem remains owned by the one who made the sponsorship and will be returned to them in case the project ever ends. Only when the account that got sponsored agrees can the share be sold on the market by the account that gave out the sponsorship. The Minnow Share Sponsorship that comes along with each share can also be sponsored by the person who Sponsored the Upvote Share but can not go to the same account.

---

Previous Levels Information

Level	Post	Spreadsheet
0	Level 0 (100% Complete)	Link
1	Level 1 (100% Complete)	Link
2	Level 2 (100% Complete)	Link
3	Level 3 (100% Complete)	Link
4	Level 4 (100% Complete)	Link

Spreadsheet Updates

The first reserved Upvote Shares from Level 0 were given out to @lynncoyle1 & @tryskele who both managed to collect 6 Minnow Share Sponsorships. They were added to the list and their non-transferrable upvoteshares became active.

Share	Old	➡	New
001	@minnowshares	➡	@lynncoyle1
002	@minnowshares	➡	@tryskele

---

Since all shares are reserved and approved, the ones who have a reservation can send over the required Steem to the @upvoteshares account using this memo...

"Payment "x" Shares for "@yourusername", I understand how this project works and agree with all terms and conditions (https://steemit.com/steemit/@upvoteshares/upvote-shares-or-terms-and-conditions)"

(change "x" to your amount of shares and "@yourusername" to your steemit username.)

---

Once the Steem has been received I will conform your assigned shares here in the comments where you can give me your minnowshare sponsorships.

---

Everyone who does not have a reservation can still request shares that can get granted in case some reservations do not get taken up.

---

List of All Shareholders

x	Account	Shares
-	@minnowshares	48
-	Future Giveaways	13
-	Burned Shares	2
1	@costanza	28
2	@stimp1024	14
3	@doughtaker	10
4	@fullcoverbetting	10
5	@thedarkhorse	9
6	@jlordc	9
7	@andrewharland	8
8	@trincowski	8
9	@byebyehamburgers	8
10	@simplymike	7
11	@angelacs	5
12	@pifc	5
13	@maarnio	4
14	@beat-the-bookies	4
15	@erikklok	4
16	@blanchy	3
17	@abh12345	3
18	@lawlees	3
19	@tryskele	3
20	@lynncoyle1	3
21	@plantstoplanks	2
22	@wolfhart	2
23	@mermaidvampire	2
24	@acidyo	2
25	@nanzo-scoop	2
26	@acelad	2
27	@barbadosso	2
28	@jznsamuel	2
29	@cicisaja	2
30	@balticbadger	2
31	@bashadow	2
32	@fitat40	1
33	@lenasveganliving	1
34	@woman-onthe-wing	1
35	@steevc	1
36	@slobberchops	1
37	@numpypython	1
38	@fulltimegeek	1
39	@themanwithnoname	1
40	@rishi556	1
41	@o07	1
42	@lovetaxi005	1
43	@bengy	1
44	@veryspider	1
45	@eoj	1
46	@crypto-econom1st	1
47	@mmunited	1
48	@keegzhawkins	1
-	-	250

---

That's it, I plan to adjust all new voting powers on monday and I will do what iI can to make things go as smooth as possible..

---

Feel free to scrutinise this project along with the numbers and let me know if something doesn't add up, or if I made a mistake somewhere. All the earnings from this post will be used to grow the account which benefits all shareholders and helps to reach the next level!