Last day to take part in the BUILDTEAM 3700 STEEM pot bidding

in #trading7 years ago (edited)

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Good morning everyone, i'm writing to you as probably many of you are not aware that as a holder of Buildteam tokens you can take part in the monthly bidding.

The basic idea is as follows. The pot consists of some part of Buildteam's profits, this month it stands at a whopping 3700 STEEM.
Buildteam tokens are freely tradable tokens on the Bitshares Exchange

1 - bitshares.PNG

Step 1 - Create a Bitshares account. I use the account model. You can then use the online exchange or the downloadable desktop wallet to trade on the exchange. You can fund your account from Steemit by sending STEEM->BTS via blocktrades. BTS is Bitshares native/base token, with that you can buy other tokens or currencies there.

Step 2 - With the BTS in your account, quickly grab some BUILDTEAM tokens on the exchange. As seen on this image (right-click and choose open in new window to see it bigger), on the top right you choose BTS as base currency and BUILDTEAM as an asset name you want to trade against. Buy some Buildteam tokens buy filling the form in the lower left (circled) and watching the current BUILDTEAM token offers in the market. You can buy by filling any offers partially or completely.

2 - buy buildteam.PNG

Step 3 - take part in the bidding. Send the Buildteam tokens you want to bid to Buildteams Bitshares account.

3 - bidding.PNG

NB! Watch the developing bids here in this google sheet or via the Buildteam Bitshares account history.
This is important! Don't try to outbid others! The bidding is co-operative, if you bid too much, you will do massive disservice to you and the other bidders. You must see that your bid is small enough for the bidding to end profitably to all participants

How the pot shares are calculated and more on the bidding process, please refer to @bulleth 's post about the bidding here:
https://steemit.com/buildteam/@bulleth/why-i-m-only-bidding-100-buildteam-in-the-september-auction

See the original Buildteam bidding announcment here!
https://steemit.com/buildteam/@buildteam/buildteam-bidding-announcement-3700-steem-bidding-is-now-open

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