CLOSED - Hello Steemit, MinnowBuilder Shares are For Sale
It's official, round 1 of sales for @minnowbuilder shares are starting now and will end when this post goes to payout in 7 days.
For those that haven't been following along here are a few posts to read:
Laying Out The Plan
Voting Weight, Voting Pools & Account Break Down
The Math of It All
High Level Overview
@minnowbuilder's main mission is to help create minnows and offer the opportunity for the community to help support steemians who are producing quality original content.
This will be done by selling share of @minnowbuilder and splitting the total voting power into 2 voting pools. One pool is designed to reward those who are supporting the project and will provide daily upvotes that are equal to 5x what a single self vote would be worth for the same amount of Steem being powered up and used in your account.
The second pool is for the Minnow Building Program and will provide daily upvotes to those who are selected until they reach minnow status. The size of this vote will greatly depend on the number of share we sell.
Numbers for Shareholders
Price Per Share Owned (includes equal share of account growth): 1 Steem
Price per Share with Delegation: 2 SteemPower
Expected daily upvote per share as of now: 0.0002555 (This changes with the price of steem as all votes do)
Rules For @minnowbuilder
Adding an Image with this info as a permanent record.
How to purchase with Steem?
Send at least 1 Steem to @minnowbuilder with the memo "I understand and agree to the rules of the @minnowbuilder program and want to purchase XXX Shares"
Make sure to replace the XXX with the number of share you are purchasing.
If you would like to purchase shares for someone else please send steem to @minnowbuilder with the following memo:
"I understand and agree to the rules of the @minnowbuilder program and want to purchase XXX Shares for @accountname and that gifted shares are now owned by @accountname"
To be very clear the person who you buy the shares for can withdraw their shares just like anyone else as they are the owner of the share.
How to purchase with Delegation?
Please send .001 steem with the following memo:
"I understand and agree to the rules of the @minnowbuilder program and want to purchase XXX Shares and have sent a delegation of XXX SP for the purchase"
Make sure to replace the XXX with the number of share you are purchasing and SP sent. Remember it's 1 Share per 2sp Delegated.
To purchase shares for someone else by delegating SP please send this memo:
"I understand and agree to the rules of the @minnowbuilder program and want to purchase XXX Shares for @accountname and have sent a delegation of XXX SP for the purchase."
By purchasing shares with Delegation you will remain in control of your steempower and you make all decisions about the shares you are allowing someone else to benefit from. This would be the best way to help someone short term and keep control. If you need to change names of who you are sponsoring message me on Discord @thedarkhorse #6765.
Added value for round 1 buyers
The account has 232.37 SP and only 218 Shares purchased plus there is 4.591 SP & 4.591 STEEM in pending author rewards before this post.
Ongoing Added Value
This account also currently has 79 SBI shares which will provide ongoing upvotes to this accounts posts. As these earning will increase the SP of the account this will help increase the total vote value per share.
BETA
Yes this is in Beta form and changes may happen or if this ends up taking over my life the program might come to an end one day. If at any time we make significant changes to the program you may request to liquidate your shares without any transaction fees. If we end the program all steem will be returned including increased account value. These may take a 13 week time frame for the powerdown and if required all benefits will stay active during that time frame.
Not Required, but Smart
While it's not required it will be highly advantageous to upvote the posts of @minnowbuilder and increase the rewards of the posts. As this account grows so does it's total vote adding value to not only shareholders, but also the Minnow Builder Portion of this program.
Please help us gain more exposure and resteem this post. We are trying to grow this program purely grass roots and avoid paying to promote.
| Follow the account to stay informed about updates, bonus votes, and future Selling Rounds! |
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Source
#introduceyourself/#introducemyself
The “introduceyourself/introducemyself” tag is for creating one introductory post that tells us about you. Users are encouraged to use this tag exclusively for that, and not to reuse it.
More information:
The Game of Tags
Exactly what the tag was used for.
well just purchased my first share. Hope to buy more before the 7 days window closes
As our Voting Power was sitting much to high you got a bonus 100% upvote on Steemtagram: we've got more pictures than articles these days.. Thank you for your support.
oh thank you very much, I appreciate.
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
I have purchased 2 shares. It will be interesting to see it grow. I saw mention of someone creating a discord channel. Any update on that? Good luck with the venture.
Something great is about to happen to our community, I can see it, let's hope it will work accordingly
A little support for this program
Thank you. As always you are a great supporter of the community sharing and giving back on a regular basis.
I grow because I am in community, and the community grows because it members support. We all get benefit :D
Great news! I have been waiting all week for this one so I can resteem it.
I am going wait and see how my payouts look over the next few days then decide on how many share to purchase.
Thank you! Appreciate the support.
This is well done. well done
Andrew did one heck of a job
The posts are purely @thedarkhorse , I've been involved in the background suff. 👍
Not having the time to fully dig into and digest all the details @minnowbuilder, I have chosen this morning to support this program. I am doing so from the outset based solely on the strength of the impression made on me by @thedarkhorse, since first being introduced to the @pifc team by @headchange weeks ago. Full stop. Period.
Stating the obvious (to me), I am trusting the fact he and @andrewharland (with likely other support currently unknown to me) have put this together to the best of their individual abilities. Applying their particular skill sets, based on the foundation of good business (no time to extract highlights for this reply …), in what they have deemed to be in the “mutually beneficial” best interests of all involved with the PIFC movement!
I do have questions. But they are likely answered in the text of previous posts somewhere, so I have gone ahead with my decision.
All the best, to all involved with the @pifc team, for a better tomorrow!
Appreciate the trust you are putting in us. Please ask away on your questions as there is full transparency here and would rather people fully understand our mission of helping Build Minnows and how you benefit from doing so. Educated people tend to be much more likely to help spread the word.
I appreciate that @thedarkhorse. Prefer to not take your valuable time for now. At least not until I've invested my own time to read all you've spent a lot of time already in writing for our reference. Just my "old school" ways perhaps ...
Posted using Partiko Android
Thank you for that. Appreciate you respecting my time!
Not a problem. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (some times insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (some times insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (some times insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
Not a problem @thedarkhorse. My pleasure, as it is "built in" from a career extending that professional courtesy to others and hopefully receiving (sometimes insisting on ...) the same in return. 👍
Posted using Partiko Android
I appreciate that @thedarkhorse. Prefer to not take your valuable time for now. At least not until I've invested my own time to read all you've spent a lot of time already in writing for our reference. My "old school" ways perhaps ...
Posted using Partiko Android
Well, a few days ago I was sitting on 315 SP while waiting for this program... and then, markets crashed. Again. This time I couldn't resist myself:
Now I'm almost at the end of Level 6.
Makes little sense to use this program now. Right? I might as well allow @minnowbuilder to help others instead.
I'll probably be above 500 SP by the end of the month. :-P
No because it will also give a nice vote on your posts. The other side of it is to build minnows. two different things
Will you continue voting, once members get past that 500 SP mark?
We will pick up another redfish to take there place but. the voting part keeps going depending on the amount of shares you have. The redfish to minnow has nothing to do with shares
I've just got myself 10 Shares! :-D
nice, well done
Thanks for the explanation. Now that I understand it better, I'll go get a few shares. Still waiting for an internal market order... Maybe I can get 10 shares instead of 8.
Any time. @thedarkhorse explains it better and glad he jumped in, along with andrew. They did an outstanding job on this.
Hola @trincowski, ¿cuanto cuesta una accion?. lei por otra publicacion 1 steem, pero quiero estar segura.
Si, ès 1 STEEM por accion.
¿y hay que patrocinar a otra persona como SBI?
No, no funciona dessa forma.
The shares purchased give you a Lifetime Daily Upvote based on your total shares. This is for the owners 50% of the total voting power.
50% of the voting power goes towards the minnow building program and will be used to grow minnows.
Now I think we need to talk to @hitmeasap about the program to bump you to Minnow right away. You give back to the community so much and know you deserve the support of others. 24 steem is nothing and if they agree to do this I will kick in the first 5 steem (@thedarkhorse account).
After your explanations... I finally understood the program. I've just got myself 10 Shares! :-D
Thanks buddy I hope it's going well this weekend for you.
Thanks. I would get there myself faster but I'm reserving a few Steem, to buy shares into this program! 😉
And for the PIFC group There is an advantage?
The @pifc judges will be selecting the steemians who will be in the Minnow Building Program. There will be a limited number of slots per account to make sure that we are able to give large upvote to each of them and move them up the ranks as quickly as possible.
As the @pifc judges will be doing the selection most will come from the community. Stronger those who are curating content each week are the more good we can do as a community. It's a snowball effect as to the benefits of this program.