Upvote Shares Level 2 Progression Report [Day 13 | 74% Complete]
It has been 13 days since Level 2 was sold out and the upvotes have been spread out to all shareholders based on the amount of shares they have. Everything seems to be working properly and nearly all unused votes (1.6% Account Self Voting) are being used to give bigger upvotes to Shareholders that did make a post that day!
While the minimum promised upvote % for 1 share is (6.66%), they are now set at 25% due to a lot of the reserved shares being inactive and the mechanism where bigger shareholders contribute to the smaller shareholders since the maximum daily upvote is 100%. Since 4 shares give a 100% upvote, the ones who have 5 or more (See Full List) in a way add value for the others right now while still getting more than the minimum promised (15 shares = 100% upvote at minimum).
The voting Power manages to keep up with all the upvotes. Most of Bigger shareholders post in the moring European time. This tends to drain the power to around 90% to see it recover during the day rarely hitting 100% leaving voting power unused.
| - | Day 0 | Day 13 | Goal |
|---|---|---|---|
| Account SP | 730.600 SP | 740.323 SP | 744 SP |
| Saved STEEM | 0 STEEM | 1.375 STEEM | - |
| Minnowshares STEEM | 0 STEEM | 5.177 STEEM | - |
| Followers | - | 231 | - |
| Followers_mvest | - | 149 Million | 1 Billion |
These early levels should be quite easy to clear because not that much Steem (13.2 SP) needs to be earned to unlock the next level. The account right now earns around 1.7 STEEM each week on curation rewards. This alone is not enough to progress to the next level each month. The posts that have been made so far got some good support from @stimp1024 and some others which made a big difference. Unlike most other upvote groups, @upvoteshares does not require any vote whatsoever, but they are highly appreciated and help everyone grow.
I am already saving some STEEM for future levels who will get increasingly difficult to clear as a way to speed those up if it is ever needed. I sold the byteball tokens I got from the airdrop which gave me around 50SBD. This was deposited in the account and put into the @stimp-bank project from @stimp1024 which pays out a massive weekly interest of 3%. this earned interest will be used to build up some account savings.
For those who are interested in this project check with @stimp1024 and follow @stimp-bank for future updates.
The minnowshares account have been running for a while and earned around 5 SP, this will aslo be used in the future to keep the progression pace at 1 level each month.
Getting some initial exposure can be a challenge on Steemit. I'm sure there is a big demand for projects like this on the platform, but people have to know about it to drive up the overall demand. Some shares were reserved for Giveaways and are used as a sponsorship for the Engagement League of @abh12345 since this almost guarantee the shares going to solid accounts while giving the project some more exposure. Shares 88, 89 & 90 will be given away to the 7th place of that contest during the next weeks. (Share 88 was won this week by @bengy who has been added to the list, congrats ! (The spreadsheet will be updated when the next level is completed)
Thanks to all shareholders that made posts about this project or mentioned it somewhere ! Check out the post from @thedarkhorse "Paying It Forward to some Amazing Steemians" where he explained the project and gave his Minnow Share Sponsoirships away! Also thanks to @fullcoverbetting & @beat-the-bookies for helping promote this along with all the others.
Once the account reaches aroun 742SP I will make a post to start taking in reservations for Level 3 Shares (some have already been reserved). To make the transition between levels smooth, it is nice to have most of them reserved before they actually open up. Over time this should go fairly quickly as the project gets more exposure since the amount of shares are limited. Now in case the level does not get filled within 3 days, I will buy up some extra shares myself or for future giveaways and see what I can do to make sure the project can progress.
- Follow the @upvoteshares Account.
Evey follower (especially bigger SP accounts) add to the Followers_mvest number which can highly help the project getting some extra earnings over time by using the busy.org platform that gives upvotes for doing so. - Mention @upvoteshares to Steemians that might be interested
Mouth to mouth publicity can do a lot, so if you know anyone who is suited to be a part of this group make sure to let them know. - Upvote @upvoteshares Posts
100% of the post earnings go towards growing this account and icreasing the value of the shares for each of the shareholders. Upvoting posts will never become mandatory for this project!
You can count on me doing at least 5 more shares next time around, most likely more but that is the least.
Nice, I'll see if I can make manual upvotes like these for the bigger shareholders that only made 4 or less posts in a week into something. The voting power is holding up quite nicely at the moment.
I'll get onto the pifc as a judge the next couple days.
Next week for PIFC as a judge. You will be week 20. I really want to do something special for that week, maybe we can arrange something with minnowshares as a bonus.
Ok sounds nice, it will be around the time level 3 gets opened up.
I'll see if I can also sponsor an upvote share to my personal favorite in next weeks contest.
I will also definitely be coming after some of those shares. This project sounds pretty sweet.
Hey @skookriya, unlike SBI the values are based on daily votes, so anyone posting 4 times or less on a weekly basis will be unable to get a good return on these shares. I have been thinking about also offering manual weekly upvotes, but I'm affraid it will become a hassle over time.
Stick to automation, @upvoteshares. Manual will be too time consuming.
Also, I wouldn't worry about shareholders who don't post enough. They may begin to post more often and benefits will accrue then. Peeps will probably want to hold the shares as early as possible whether they're going to make full use of them immediately or not. ;)
This comment was made from https://ulogs.org
Thank you for that information. The transparency alone makes me want to be inlvoved. But as @angelacs says, I’d like to get involvedearly and expect my posting to go up dramatically next month after some big life changes.
The transparency is also what I really like about it myself. The model is quite straightforward and will just follow the numbers. This project is mostly for people with a longer term mindset on Steemit. Good luck with your big life changes !
I'm definitely interested in getting a couple of shares in the next round. How can I reserve them so I don't miss out like I did in the past round?
No problem simplymike, I'll reserve some. The next level will likely open 10-14 days from now.
Cool, thanks. It would be a great to be able to give some away during a contest or my gardening challenge.
Great work, @upvoteshares. Thanks for the update.
I'd also like to be added to the reserve list for at least 2 shares.
This comment was made from https://ulogs.org
thanks @angelacs, I'll reserve 2 for you.
Thank you, @upvoteshares. I'm saving to cover six if you can spare more. ;)
The program is designed in a way that the maximum amount of shares that you can get is limited to your owned SP (40SP for each share). The idea behind it is that you need a certain amount of SP to support others before you are 'allowed' use steem to support yourself. (mostly it's there as an easy way to avoid accounts with a more taking mindset and I don't really mind allowing more shares to accounts that are still some below but are doing good things and grow at a steady rate.)
Something that is project perfectly suited for is to save up a bit each month while your account grows and get 1 share when each new level opens. This allows you to grow a bit fater and at the same time help a minnow friend grow along by giving your sponsorship to the same person each time so they also get continued upvotes from the @minnowshares account that eventually turns into them reaching 6+ minnow shares that they can turn in for an upvote share that will give permanent upvotes.
Level 3 was reached and the post will be online later today
Ahhhh... didn't know. Thanks so much for taking the time for explaining the underlying principles of the program and for your tips. Working to increase owned SP so looking forward to implementing your excellent tips as it grows, @upvoteshares.
You got a 7.21% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @upvoteshares! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
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