Upvote Shares Level 7 Available...
The project keeps going forward regardless of the low price of STEEM. The goal has always been to help keep real bloggers on Steemit by getting them daily upvotes on their post in a way they are always getting a good minimum guaranteed return that always increases. This is exactly what the program is doing and it is working. Since as good as all unused upvotes are distributed to active shareholders and some shareholders reduced their amount of posts because of the low steem price, the total daily voting power near the end of level 6 is set at 1579% !
The account has reached 1593SP unlocking level 7 (See Table) after level 6 got sold out about a 19 days ago. This means 50 new shares from the @upvoteshares account that spreads out daily upvotes become available. 49 of those shares Shares have been reserved. Reservations are non-committal, so it is still possible more level 7 shares can become available, It's also always possible to reserve a spot for level 8 already or have some shares automatically reserved for each level like some do.
| - | 50 | Available Shares |
|---|---|---|
| Share Price | 3.620 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 fully be used to Buy Delegation to slightly increase the upvote worth and allows 1 Minnow Share Sponsorship. |
| Total | 3.920 STEEM | The total Steem for 1 Share |
LEVEL 7 RESERVATIONS
| Account | Reservations | STEEM |
|---|---|---|
| @roleerob | 10 Shares | 39.200 STEEM |
| @blanchy | 10 Shares | 39.200 STEEM |
| @glastar | 10 Shares | 39.200 STEEM |
| @costanza | 7 Shares | 27.440 STEEM |
| @braaiboy | 6 Shares | 23.520 STEEM |
| @jlordc | 2 Shares | 7.840 STEEM |
| @erikklok | 2 Shares | 7.840 STEEM |
| @fullcoverbetting | 1 Share | 3.920 STEEM |
| @byebyehamburgers | 1 Share | 3.920 STEEM |
The ones who have a reservation can send the required steem to the @upvoteshares account with the memo
Payment "amount of shares" Shares Level 7 , I understand how this project works and agree with all terms and conditions (https://steemit.com/steemit/@upvoteshares/upvote-shares-or-terms-and-conditions)
I will confirm when your shares have succesfully been assigend in the comments below where you can also let me know who you want to give your sponsorships to. In case you don't have the Steem directly available confirm your resrvation in the comments and send it later on (before 17/12/2018). If you don't want to take up your reservations also let me know if possible so they can be taken up by others. Voting Powers will be adjusted latest on Friday.
Level 7 Schedule
Monday 03/12/2018 : Level 7 Available
Wednesday 05/12/2018: Level 7 Reservations Expire
Friday 07/12/2018 : Level 7 Closes Down
Monday 17/12/2018: Level 7 Complete (Sponsorship Deadline)
| 1 Daily upvote from the @upvoteshares Account | This for as long as this project runs. (the 3.620 STEEM Share Price can be claimed back in case the project ever ends!) |
|---|---|
| 1 @minnowshares Sponsorship Giveaway | Can be Sponsored to someone of your choice. Only accounts with <1000SP or that currently have between 1 and 6 sponsorships. (See Minnowshare Count before Level 6). |
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 7 Price = 3.620 STEEM | Minimum Powered Up SP in Account = (3.620 STEEM x400 SHARES)x1.1 = 1593 SP ]
Each share represents an equal minimum daily voting % from the account that can be calculated. For Level 7 this is 1000% / 400 Shares = 2.5% Upvote. Based on current Steem Price this is a ~0.00101$ upvote. (To calculate accurately do SP x1000 and Upvote /1000 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 a lot of reserved inactive shares who don't take up their upvote. Many of the shareholders from previous levels don't make daily posts which allows for an increased overall voting percentage to ~1400% and above. Each Level is pre-funded which means most of the SP from Level 8 will already be in the account to increase the upvote value. Leased SP from Level 4, 5 and 6 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 7 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 (40SP). The 90 days lease ( 261.2SP) from Level 4 will come to an end on 01/01/2019). There is also a 250SP from @costanza to make sure a minimum of having 2 shares will show at least a 0.01$ upvote.
All this brings the expected upvote for each Share at...
1400% / 350 = ~4% from the @upvoteshares account that will have ~2865SP in it.
This currently makes the upvote for 1 share worth ~0.00290$. (4%)
(This project always aims to overdeliver and the expected upvote % for each share has always been a lot lower then were it was actually set. Each share will be set at a 5% upvote and I will see how the voting power holds up )
While the upvotes themselves might not be spectacular because the continued 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 |
|---|---|---|
| 3.62 SP (10x Self Upvote) | ~0.000916$ | ~0.000916$ |
| 1 Upvote Share Minimum | ~0.001010$ | ~0.000808$ |
| 1 Upvote Share Expected | ~0.002900$ | ~0.002320$ |
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 ]
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). 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.
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.
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.
Spreadsheet Updates
Everyone who managed to reach 6 sponsorships after level 6 will get their free Upvote Share (paid for by the program) this week. The Spreadsheets will be adjusted when Level 7 is Complete.
There is currently only 1 share left for this Level that can be requested in the comments. It is always possible to reserve shares for the next level or have an auto-reservation of one or more shares for each new level.
List of All Shareholders
| x | Account | Shares |
|---|---|---|
| - | @minnowshares | 50 |
| - | Future Giveaways | 13 |
| - | Burned Shares | 2 |
| 1 | @costanza | 38 |
| 2 | @trincowski | 20 |
| 3 | @roleerob | 20 |
| 4 | @stimp1024 | 14 |
| 5 | @jlordc | 13 |
| 6 | @fullcoverbetting | 13 |
| 7 | @andrewharland | 11 |
| 8 | @o07 | 11 |
| 9 | @angelacs | 10 |
| 10 | @doughtaker | 10 |
| 11 | @byebyehamburgers | 10 |
| 12 | @thedarkhorse | 9 |
| 13 | @simplymike | 7 |
| 14 | @blanchy | 7 |
| 15 | @pifc | 5 |
| 16 | @newageinv | 5 |
| 17 | @barbadosso | 5 |
| 18 | @beat-the-bookies | 5 |
| 19 | @plantstoplanks | 4 |
| 20 | @macoolette | 4 |
| 21 | @maarnio | 4 |
| 22 | @erikklok | 4 |
| 23 | @shookriya | 4 |
| 24 | @abh12345 | 3 |
| 25 | @lawlees | 3 |
| 26 | @tryskele | 3 |
| 27 | @lynncoyle1 | 3 |
| 28 | @cicisaja | 3 |
| 29 | @wolfhart | 2 |
| 30 | @mermaidvampire | 2 |
| 31 | @acidyo | 2 |
| 32 | @nanzo-scoop | 2 |
| 33 | @acelad | 2 |
| 34 | @jznsamuel | 2 |
| 35 | @balticbadger | 2 |
| 36 | @bashadow | 2 |
| 37 | @braaiboy | 2 |
| 38 | @craigcryptoking | 2 |
| 39 | @fitat40 | 1 |
| 40 | @lenasveganliving | 1 |
| 41 | @woman-onthe-wing | 1 |
| 42 | @steevc | 1 |
| 43 | @slobberchops | 1 |
| 44 | @numpypython | 1 |
| 45 | @fulltimegeek | 1 |
| 46 | @themanwithnoname | 1 |
| 47 | @rishi556 | 1 |
| 48 | @lovetaxi005 | 1 |
| 49 | @bengy | 1 |
| 50 | @veryspider | 1 |
| 51 | @eoj | 1 |
| 52 | @crypto-econom1st | 1 |
| 53 | @mmunited | 1 |
| 54 | @keegzhawkins | 1 |
| 55 | @adelair | 1 |
| - | Total | 350 |
Hey @upvoteshares / @costanza ... payment for 6 shares were just sent.
Please confirm that @thearned already has 1 minnowshares. If that is the case, then please give her an additional 5 shares from this round (which should put her on 6 and converted to a upvoteshare), and please give the other minnowshare to @baasdebeer.
That would be fantastic!
Thanks @braaiboy !
6 Shares [Share 395 & Share 400] have successfully been assigned to you .
All current minnowshares can be found in this post. The maximum amount of sponsorships you can give someone each level is 2, so I can give 2 to both @thearned & @baasdebeer and you have 2 more to give away.
Voting percentages have been adjusted for everyone set at 5% for each share.
Ah... thanks @upvoteshares... please allocate the remaining 2 sponsor shares to @incubot then please.
Sent in the Steem! XD The 2 sponsorship shares goes to @fullcoverbetting this time as the two I have sponsored for weeks have gone idle lately. XD
Thanks @jlordc !
2 Shares [Share 362 & Share 363] have successfully been assigned to you and your sponsorships was given to @fullcoverbetting (Great choice! )
The voting percentages will be adjusted latest this friday.
1 Share [Share 352] has successfully been assigned to @abh12345
Feel free to let me know here or on Discord who you want to give your sponsorship to before 17/12/2018. I also put you on the auto-reservations list for 2 shares each level and will send a message when each time they become available. Voting values will be adjusted on Friday. Thanks Asher !
Nice one thank you :)
Can I sponsor anyone? If so I'll go for revisesociology cause he's a geezer.
And If if the requirements are less than 5k SP, mr fullcoverbetting.
Cheers!
Cheers! Having read the post I'm a bit confused about how it all works - something similarish to steembasicincome?
Posted using Partiko Android
I have planned to make another post clearly explaining some of the differences (improvements) compared to nearly all other daily upvote providing projects.
This is mostly a smaller scale proof of concept project that aims to do something similar to what steembasicincome / qurator does, but in a way where the numbers actually add up when you do the calculations and run all possible scenarios.
Everything is broken down in the Terms & conditions. It can be quite a lot of information, but once you understand how the model works it will be very clear how it is providing great value to everyone who posts on a regular basis and is in it for the long run.
Sounds cool! I'll give it a read asap.
Posted using Partiko Android
Yes it is, but the inner workings of it being more self-sustainable I've yet to take some time to read. I trust the man in charge and that's good enough for me :)
It's a good one for the 'read later list' for sure. I lost the will after the first paragraph! Favourited though.
Posted using Partiko Android
The idea for the sponsorships is that they mostly support minnows and act as a way to increase the chance they stay on steemit. The advantage for the ones with more SP is that they are allowed to get more upvoteshares. I'll assign the sponsorship to @fullcoverbetting.
Fair enough, cheers!
You just received my payment. I'd like to dedicate the minnowshares to @pundito and @fullcoverbetting
Thanks @erikklok!
You're welcome. You deserve it 👍
Thanks @erikklok !
2 Shares [Share 360 & 361] have successfully been assigned to you and your sponsorships were given to @pundito and @fullcoverbetting
The voting percentages will be adjusted latest this friday.
Thank you so much, @erikklok!!!
Highly appreciated!!!
These minnowshares are awesome :)
You're welcome. Indeed a nice extra upvote each day 😉
Congratulations @upvoteshares! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Can I have the 1 remaining share for this round?
I saw the request from Asher first on Discord and already gave him the last share. If there are any reservations that go unclaimed you will still be able to get in. I will keep you posted.
Okay.
By the way, I believe I got 6 minnowshares sponsorship already. I thought that will equate to 1 upvoteshare, right? So I should have 5 upvoteshares by now, is it?
You did indeed reach 6 sponsorships @macoolette and you will be assigned you free share soon. Congrats !The conversions are always done around the time the @minnowshares upvotelist is refeshed. ( see previous post). I will try to add the free shares for ones that reached 6 sponsorships on wednesday.
Thank you.
Payment sent there. How many minnow votes do I get again when I buy 10?
Thanks @blanchy !
10 Shares [Share 364 to 373] have successfully been assigned to you.
Each share comes with 1 sponsorship (so you have 10 to give away), you can give a maximum of 2 sponsorships to the same minnow. Currently only people who have <1000SP can be sponsored or the ones that own at least 1 Minnowshare.
I will adjust the voting values latest on friday, you can let me know everyone you want to sponsor before 17/12/2018.
Thanks a million. Below are the steemians that I would like to give my minnowshares to the following
@audreybits 2 shares
@wales 2 shares
@sultnpapper 2 shares
@hamg96 1 shares
@foxyspirit 2 shares
@lucylin 1 share
Thanks a million
Blanchy
Thank you Blanchy! <3
Your sponsorships have been noted, thanks @blanchy
Thank you so much @blanchy. I am not familiar with this minnowshares but I guess I will have to check it out.
Thank you so much, Blanchy!
When you next check @upvoteshares / @costanza, you will find my payment for the 10 shares reserved for Level 7, as I said I would.
Perhaps I have missed it somewhere, but I have yet to see any reference to those who I selected for minnowshares getting a full upvoteshare. Specifically, by my accounting, @macoolette and @viking-ventures.
Please advise on that, as I would like to be clear on where that stands, before providing my list for Level 7.
Thanks!
Thanks @roleerob !
10 Shares [Share 374 to 383] have successfully been assigned to you.
About the Minnowshare conversions, I always process them when the upvotes from the @minnowshares account end and the list is refreshed. (The level 5 conversions were done 15 days ago [see post] and the Level 6 conversions were planned for around the time level 7 is complete) Honetsly this is mostly because of laziness, but I can see how doing it immediately is better and I will change the timing of doing this starting this level. So @macoolette and @viking-ventures will for sure get their 6 sponsorships converted into an Upvote Share that will provide permanent upvotes instead.
Also when the first 10 reserved upvoteshares for conversion are trading for 6 sponsorships, the needed amount will go up to 7 afterwards which I will keep that way for the next 20 shares that are given away. This is mostly to keep everything in balance and sustainable.
Feel free to let me know who you want to sponsor before 17/12/2018 which is the date the minnoswhares upvotes list will refresh.
If you have any more questions or need something to be cleared out, always feel free to ask !
Thanks
Okay, thanks for the update @upvoteshares.
Yes, well, certainly not wanting to create any problems. I’m sure you are busy, as are we all. For me, I am always appreciative of updates, when original goals or projections are not able to be met.
Are you planning an update to the “Current Sponsorship Count” as you did here on Level 5? It would help me in putting my list together for Level 7 minnowshares.
I appreciate all you are doing. Thanks!
I finally got around updating it all on the @minnowshares account. (See Post) From now on, the next 15 shares will go out for 7 sponsorships in order to keep it scalable.
It will be better when I just do it immediately from now on when the next level is complete. Thanks for all the feeback.
P.S. Also @upvoteshares, do we need to ensure those we add to the list are above 500 SP, i.e. true "minnows?" Or are we allowed to support redfish?
The idea behind the sponsorships is to act as a way to increase the chance smaller accounts stay active on Steemit and have an overall positive impact (however small it is)
on the platfom without overly cutting into the returns of the ones who get in on shares from the @upvoteshares account. Given the low steem price, the bar is set somewhere around 1000SP as a maximum for someone to be able to get sponsored. I'm not that tight on it though but it should also not be the intention to sponsor accounts with 2k+ SP.
I hope that makes sense.
Very good @upvoteshares.
I'll take this as the answer to my question, as I will most likely have Redfish in my next list.
I agree with and support this approach, as we are working with you to do what we can to encourage other Steemians to stay and continue adding value to the Steem blockchain.
Thank you!
Posted using Partiko Android
Good evening (here) @upvoteshares / @costanza. Here is my Level 7 list for your @minnowshares upvote list:
2 shares - @buckaroo
2 shares - @celinavisaez
2 shares - @el-nailul
2 shares - @insight-out
2 shares - @marya77
10 shares
Thanks for all you are doing to make this possible! 👍
¡Gracias @roleerob! Muy agradecida con su patrocinio, muchas bendiciones, un fuerte pero cariñoso abrazo.
Thanks, your sponsorships have been noted.
Done the transfer, thanks!
Posted using Partiko Android
Thanks @glastar !
10 Shares [Share 384 to 393] have successfully been assigned to you.
Your account is now followed and I added you to the upvote list. Feel free to let me know who you want to sponsor your minnowshares to before 17/12/2018. An update post about this level and the adjusted upvote percentages will be posted likely today.
Congratulations @upvoteshares! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard: