HOW TO BUILD YOUR TEAM ON STEEM

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••••
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••
BUILDTEAM Token Update
6 days ago
buildteam59 in buildteam

Hey everyone, @bulleth here with an update on the BUILDTEAM token supply and everything that's been going on in the market!

First auction recap
The first auction was a huge success, with early adopters doubling their investment in a just a matter of days. We received bids from 20 different people and each participant ended up receiving 1.73 STEEM per token:

Total Pot = 2100 STEEM
Bids Received = 1214 BUILDTEAM
1 BUILDTEAM = 1.73 STEEM

Participants = 20
Average Bid = 59.7 BUILDTEAM
Max Bid = 147 BUILDTEAM
New issue and token supply
As 1214 tokens were bid in the last auction, only 3786 new tokens will be issued in August.

2000 new tokens were issued on August 15, bringing total supply to 19 000. Another 1786 tokens will be issued on August 31, which will bring total supply at the next auction to 20 786.

Of the 19 000 tokens that currently exist, 13 859 are held by directors and company accounts that are unable to participate in the monthly auctions. Of those 13 859 tokens, only 1493 tokens are currently available to purchase on the open market.

State of the market
BUILDTEAM last traded at 12 BTS ($1.48), down from a record of high of 18.46 BTS earlier in the week (over $3 at the time). There are currently 2348 tokens available for purchase on the open market, with the lowest ask sitting at 11.99 BTS. The highest bid is currently 11 BTS, with buy orders totaling 3377 BTS.

The three largest holders of BUILDTEAM who are eligible to participate in the next auction are:

prosirius101 (1090)
bull-eth (604)
netuoso-42 (545)
Get in quick!
The next pot will be announced on September 3 and rumours abound that it will be even bigger this time, with more than 3000 STEEM up for grabs. Considering BUILDTEAM was trading at 15 BTS at the last auction, with a pot of only 2100 STEEM, in my opinion these tokens are incredibly cheap right now. There are currently more than 350 tokens available between 11.99 and 15.

As BuildTeam staff are paid on the 1st and 15th of each month, mid-month will likely continue to provide opportunities to pick up tokens at a discount. Don't expect them to stay cheap for ever though, when the last pot was announced, price doubled in 48 hours:

So if you are looking to get your hands on some BUILDTEAM for the next auction ... you better get in quick while they're still cheap!

How do I buy BUILDTEAM tokens?
Tokens can be purchased on the OpenLedger - https://bitshares.openledger.info/?r=buildteam

If you already have an OpenLedger account, use this link to go directly to the exchange pair:
https://openledger.io/market/BUILDTEAM_BTS

How do I participate in the monthly BUILDTEAM auction?
We recommend reading the following posts to understand BUILDTEAM better and participate in bidding:

https://steemit.com/buildteam/@buildteam/pre-ann-the-buildteam-bidding-process-tutorial

https://steemit.com/buildteam/@buildteam/buildteam-bidding-announcement

What determines the price of BUILDTEAM tokens?
Like all exchange traded assets, buyers and sellers determine the price of BUILDTEAM tokens. Current supply and the size of the monthly profit pot are the primary fundamental drivers.