Upvote Shares Level 7 Progression Report [Day 20 | 97% Complete]

in #steemit5 years ago (edited)

Upvote Shares is a project from @costanza that aims to provide Daily Upvotes based on a fair model that is proving to be sustainable and scalable over time. These posts will track the progress towards reaching the next level and give an update on how the project is currently doing

It has been only 20 days since level 6 shares became Available and the upvotes have been spread out to all shareholders based on the number of shares they have. Everything continues to work properly and nearly all unused votes are being used to give bigger upvotes to active Shareholders. With the low price of Steem, the progression goes a bit faster as it is a lot easier to earn Steem on the platform. The original idea is would always have at least shown a +0.01$ upvote but this has become impossible right now and the aim is now to have 2 shares always show a +0.01$ upvote...

The upvotes for each share after Level 6 was sold out were expected at 5%. They were set at 5.4% and increased twice to 6% and 6.2% currently because the voting power has been able to keep up (~92.12% right now). This makes current upvotes worth 2.17x the minimum promised voting weight for each share without even counting all the value-creating mechanisms. The aim of the upvoteshares project is to always under-promise and over-deliver when it comes down to the return on investment for those who stay active on the Steem blockchain and are in it for the long run!



-Level 3Level 4Level 5Level 6
Account SP943.003 SP1152.194 SP1370.6001591.726 SP
Saved STEEM17.828 STEEM22.13 STEEM29.666 STEEM36.167 STEEM
Followers264277289293

The account nearly reached the needed 1593SP in order to move to Level 7 some days ahead of schedule again. Many of the Level 7 Shares have been reserved already as they are quite cheap based on the current steem price. Also an increasing amount of shareholders have some shares auto-reserved for each new level. I did not anticipate such a low price when starting this project, but it is what it is and it does not really have that much influence on the longer run.

Level 7 Reservations

AccountReserved Shares
Auto-reservations-
@roleerob10 Shares
@costanza5 Shares
@jlordc2 Shares
@braaiboy2 Shares
@fullcoverbetting1 Share
@byebyehamburgers1 Share
Manual Reservations-
@blanchy10 Shares
@glastar10 Shares
@braaiboy4 Shares
@costanza2 Shares
@erikklok2 Shares

Total|49 Reserved Shares
Available|1 Available Shares

There are still shares left for this level and they can be requested in the comments below. Reservations are non-committal, if you have reservations but don't want to take them up please leave a comment below so I can grant them to someone else. Also let me know if I made a mistake and did not add your reservation to the list above.


Monday 03/12/2018 Upvote Shares Level 7 Available...
Friday 07/12/2018 Upvote Shares Level 7 Sold Out!
Monday 17/12/2018 Upvote Shares Level 7 (100% Complete)

I will open up the next level this Monday and aim to have Level 7 fully complete so the @minnowshares sponsorships upvote list can be recycled on Monday 17/12/2018


As always, feel free to post remarks, suggestion, questions in the comments below.
Thanks everyone for the support!

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Lekker! \m/ ;-)
Could I please reserve an extra 4 shares (6 total) for the next level.

Ok, I have you on for 6 shares in total for Level 7, they will become available on monday.
Thanks

Once again, I won't mind adding 2 more shares to my balance but only if no one else wants them.

Ok @trincowski
Iit's unlikely, but if shares don't sell out I'll make sure to give you a sign!
Thanks

I'll take the rest of the shares if there are nobody else

Posted using Partiko Android

Thanks, I'll make sure to let you know in case there are any unsold or cancelled reservations.

Thanks!

Posted using Partiko Android

Can I still reserve 2 shares? Thanks in advance!

done! 2 shares are reserved for Level 7

Great, thanks a lot!

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