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RE: CLOSED - Hello Steemit, MinnowBuilder Shares are For Sale
So if I understand everything correctly, Getting 1 share gets you a minimum 50% of the upvote value minus curation rewards of that steem amount (based on a 10x self-upvote and) . The other 50% goes to minnows selected by the program until they reach 500SP and the full share price that was send (-10%) can be claimed/sold back.
How about the unclaimed upvotes since not every account will publish a daily post that gets upvoted, where will they go to. For as far as I understand it is not possible to select a minnow account you want 50% of your share to go to.
Thanks for clearing it out.
Correct 50% less curation. The votes currently will be timed around 17-18 minutes so you are recouping a good chunk of the curation too.
Unclaimed votes: Each user is assigned a number on our tracking spreadsheet and we were thinking of assigning random 50% upvotes.
We will also use some of the unused power to build the network of @minnowbuilder accounts stronger. So self voting of posts of the accounts posts.
If we find that we are nowhere near correct in using 7 average posts per week (which will happen IMO) we have plans to lower this which would increase the average voting power. But didn't want to start with the assumption that people would be posting 5.8x per week and then have to take away part of the vote. It was our opinion that starting at worst case and then improving was a much better way to go.
Down the road once we have other plans, but would rather not dangle a carrot we can't deliver for right now.
I'm totally with you when it comes down to building from the worst case scenario.
When you buy a share you get a percentage of 5 upvotes a day. What your percentage is depends on the amount of shares in the program level.
The more shares the lower the percentage but the high the sp so you get more value the more shares are in the program.
There will be a window to remove your shares. All shares purchased with steem will include the proportion of grorth the account has seen. So all share holders own a part of the program.
When you sell your shares back they will be subject to a 10% fee.
I hope this helps. If you need further information please read the posts from @minnowbuilder