It is very likely that that the demand will be far greater that the supply especially over time if this get more exposure on Steemit and existing shareholders who are satisfied want to get some more shares in later levels. Right now this is not a real issue and I can deal with ways to find a more consistent way to determine who is getting their requested shares later.
There will also be a about 2 weeks delay between the Upvote Share distribution and the Minnow Share Distribution purely for practical reasons so everyone has more time to choose who they want to sponsor.
As for practical steps to get shares approved, paid and minnow share sponsorships asigned are the following.
Apply for shares in the post that was made opening Level 2. This can also directly to me on Discord ( @costanza#2335 ) or on the #upvote-shares channel hosted on the SBC server.
Once you get your shares approved I will send you reply / message with the amount of shares that were granted, the total amount of Steem that needs to be send to the @upvoteshares account and the memo message that needs to be included. This will be something in the line of... "Payment 5 Shares for @costanza, I understand how this project works and agree with all terms and conditions (@upvoteshares/upvote-shares-or-terms-and-conditions)
Once your shares are added to the spreadsheet I will make a reply to this Sponsorships post confirming everything got processed properly and the sponsorships can be given before a specific date (Level 2 deadline will be August 1st) below that reply. Sponsorships cal also just be added in the memo while sending over the Steem. In this case the reply to this post confirming your shares will also contain the sponsorships and nothing else is needed.