Round One Share Sales Status - Open!

minnowbuilder3 (54)in #minnowbuilder • 6 years ago (edited)

It's official, round 1 of sales for @minnowbuilder3 shares is open and we are starting now and will close when this post goes to payout in 7 days. The only change from our highly successful first round of sales for @minnowbuilder is that there is a 2 share minimum purchase. Looks like now that things have balanced out some that 2 shares will be enough to have a vote cast. If there is an issue with this we will give an option to either buy 1 more share down the road at 1 steem or to have your money refunded. Trying to keep the minimum low to help allow access to even smaller steemians who really need the daily vote.

For those that haven't been following along here are a few posts to read:
Minnow Builder Program FAQ - Good Overview that covers enough for most people
Voting Weight, Voting Pools & Account Break Down
The Math of It All

High Level Overview

Minnow Builder'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. We have created what we believe is the single best win-win for allowing people to give back to the community while still growing their own accounts.

This will be done by selling shares of @minnowbuilder3 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 Redfish who are selected until they reach minnow status. The size of this vote will greatly depend on the number of share we sell.

Cost Per Share

Price Per Share Owned (includes equal share of account growth): 1 Steem
Price per Share with Delegation: 2 SteemPower

Rules For @minnowbuilder3

Adding an Image with this info as a permanent record.
@minnowbuilder_Rules_09-08-2018_Day_1.PNG

How to purchase with Steem?

2 Share Minimum due to the way SteemAuto votes...or in this case doesn't cast the votes for smaller sized shareholders. If you can't afford 2 steem send me a message on discord at thedarkhorse #6765

Send at least 2 Steem to @minnowbuilder3 with the memo "I understand and agree to the rules of the @minnowbuilder3 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 @minnowbuilder3 with the following memo:
"I understand and agree to the rules of the @minnowbuilder3 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?
Each share cost 2sp and there is a minimum of a 2 share purchase (4sp). If you aren't sure how to delegate SP please just ask.

Please send .001 steem with the following memo:
"I understand and agree to the rules of the @minnowbuilder3 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 @minnowbuilder3 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.

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 @minnowbuilder3 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!

#community #steemit #curation #payitforward

6 years ago in #minnowbuilder by minnowbuilder3 (54)

$1.24

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giddyupngo (57) 6 years ago

Hi, this is a very innovative idea. So the only profit/benefit to those running Minnow builder is the 10% transaction fee right? Hard to argue with that, thanks for putting the time it takes into it.

$0.03

1 vote

[-]

minnowbuilder3 (54) 6 years ago

The actual transaction fees for selling shares is one way and one we don't see being collected very often. If the idea of votes is solid today unless you are closing your steemit account it will be even more solid down the road as the accounts grow in value.

As shares are sold there are 10% of the shares assigned for "management shares" which we do with as we see fit. Most of those votes are going towards @pifc and even other @minnowbuilder accounts to help grow the entire network. None are currently assigned to anyone running the Minnowbuilder accounts.

Down the road I'm sure we will take some of the management shares, but don't see that happening for a while. Andrew and I are both more interested in getting this up and running then focusing on profits.

Now when I run into VP reaching close to 100% there have been a few self votes given, but this is purely while in Beta and sorting this all out. We don't have a full load of Redfish yet and that creates extra VP each day. Most of the time it's used on shareholders who give the account upvotes and who own the most shares...which also happens to be Andrew and myself. Work really hard to make sure we are not taking more then we should.

As most people don't post daily we will likely have some factor built into everyone getting a larger vote then their percentage owned, but for now this is a little up in the air and the rewards are going to our biggest supporters. Most importantly those who autovote the posts which will add real long term growth to the accounts.

Hope that all makes sense. Try to keep as much disclosure as possible and down the road once we can automate more of the processes it will be 100% transparent.

$0.38

7 votes