Three largest holders of BUILDTEAM agree not to outbid other participants in first auction

Hi everyone, I've got some great news for those of you who have already bought some BUILDTEAM tokens or are thinking about getting involved. Myself, @bayboylulk and @Mildfun are currently the biggest holders of BUILDTEAM eligible to participate in the monthly auctions ...

In an effort to reward early adopters of BUILDTEAM tokens, we have agreed to not outbid other participants in the first profit auction.

The three of us will hold off on bidding until August 6, at which point, we will limit our bids to the same size as the highest bidder. This will ensure that all the early adopters of BUILDTEAM tokens are amply rewarded for their efforts. It also means the highest bidder will receive just as much Steem as me, @CoinHawk and @Mildfun.

I'm not sure how big the pot is going to be exactly, but there's rumours floating round it will be substantially more than 1000 Steem ... Stay tuned for the official announcement from the @buildteam account on August 3.

If you are looking to buy some BUILDTEAM, it is probably a good idea to do it before August 3, as demand is likely to pick up once the pot is announced. BUILDTEAM is currently trading at about $1.20 on the BTS market and $1.10 on the SBD Market.

That's me for the day folks, back with another market wrap tomorrow!

Missed the original BUILDTEAM announcement?

Here's the TL;DR:

Existing Supply = 17 000
Maximum Supply Cap = 1 000 000
Maximum of 5 000 tokens issued each month
Holders can bid for a stake of BuildTeam's monthly profits
Tokens used in bidding recycled, subtracting from new issue

As usual, 20% of the rewards from this post will be split with @bayboylulk for the communal benefit of #TeamAustralia

Team Aus footer by the amazing @bearone