After a month of testing, this project is finally ready to go live. The @upvoteshares account reached 548SP which opens up 50 Level 2 Shares. This level will be something of a learning process when it comes down to distributing the shares since it is difficult to know what the exact demand will be and how to descide who gets in and who not in case the demand is too high. 25 shares in total have already been reserved, some for myself and others to the ones who have been following this project and asked me.
| - | 50 | Available Shares |
|---|---|---|
| Share Price | 3.320 STEEM | Can be recovered at any given time by selling the share on the market, but comes with a 0.200 STEEM exit cost which benefits all other shareholders. |
| Share Entry Cost | 0.300 STEEM | Will be used to Buy Delegation to slightly increase the upvote worth and allows 1 Minnow Share Sponsorship. |
| Total | 3.620 STEEM | The total price for 1 Share |
| 1 Daily upvote from the @upvoteshares Account | This for as long as this project runs. (the 3.320 STEEM Share Price can be claimed back in case the project ever ends!) |
|---|---|
| 1 @minnowshares Sponsorship Giveaway | Can be Sponsored to someone by choice or be given away by hosting a Contest. Only accounts with <1000SP qualify to be sponsored with a Minnow Share. |
At any given time, the amount of SP in the account will at least be 10% higher compared to the current share price based on the amount of shares. [ Example Level 2 Price = 3.320 STEEM | Minimum Powered Up SP in Account = (3.320 STEEM x 150 SHARES)x1.1 = 547.8 SP ]
Each share represents an equal daily voting % from the account that can be calculated. For Level 2 this is 1000% / 150 Shares = 6.66% Upvote. Based on current Steem Price this is a ~0.0035$ upvote.
This is the Minimum Guaranteed number in case every single share is active and all daily upvotes are used without counting any of the value creating mechanisms the project offers. The minimum value goes up each time a new level is reached because shares will always become more expensive as the account grows and extra SP is being added each new level..
There are currently more than 60 inactive shares out of the 150 shares that will be in circulation after level 2 is complete and they don't count towards the upvote % distribution. Many of the level 1 shares that have been given away also don't make daily posts which allows for an increased overall voting percentage to ~1250%. Each Level is pre-funded which means most of the SP from Level 3 will already be in the account to increase the upvote value. Leased SP from Level 0 and Level 1 are still active and this will be increased by buying extra 90 day delegation from all the 0.300 STEEM entry costs that came with the Level 2 Shares.
All this brings the expected upvote for each Share at...
1250% / 90 = 14% from the @upvoteshares account that will have 1100+ SP in it.
This currently makes the upvote for 1 share worth ~0.0137$.
(The 14% vote for each share might increase or decrease depending on how the total Voting Power holds up but will always stay above the minimum promised Percentage.)
While the upvotes themselves might not be spectacular, it is important to know that they are realistic and sustainable. One of the main ideas is that each share beats a 10x self-upvote that can be done with the amount of Steem it represents.
| Daily Upvote | Before Curation | After Curation |
|---|---|---|
| 3.320 SP (10x Self Upvote) | ~0.00306$ | ~0.00306$ |
| 1 Upvote Share Minimum | ~0.00350$ | ~0.00280$ |
| 1 Upvote Share Expected | ~0.01370$ | ~0.01096$ |
Calculations were done using The Steemit Upvote Calculator
It is important always to focus on the minimum upvote and see everything on top as something extra that will likely decrease over time. Upvotes will be set at minute 24 which will take ~20% curation rewards, while this does not beat the 10x self upvote at the bare minimum levels, it will over time since the value of each share always increases. [ see table ]
Every Upvote Share comes with 1 Minnow Share that can be sponsored. The ones that get sponsored get on the auto-upvote list from the @minnowshares account until the next level is reached. Everyone who manages to get sponsored 6 Minnow Shares over time can claim 1 Upvote Share. (There are 50 reserved all inactive in level 0). A post will be made where everyone can reply with who they Sponsor. There will be a 2 week delay for Minnow Shares to start spreading out upvotes so everyone has enough time to choose who they want to sponsor or organise a contest.
The account of every Shareholder will be followed by the @upvoteshares account, this will help to increase the followers_mvest needed to get / increase busy.org | busy.pay upvotes.
Everyone who has 2 or more Upvote Shares can choose 1 post they want to have resteemed on the @upvoteshares account before the next level is reached to give it some more exposure.
| Level | Post | Spreadsheet |
|---|---|---|
| 0 | Level 0 (100% Complete) | Link |
| 1 | Level 1 (100% Complete) | Link |
The amount of shares are limited and the idea is only to accept Steemit Accounts with a longer term mindset that somehow have a positive impact on the Steemit Community. Everyone who wants to buy shares in the program needs to apply in the comments. (unless you have allready been approved and your shares are being reserved). After a couple days you will get a reply if you have been accepted or not and for how many shares. I'm not sure how to do this selection but when in doubt, existing shareholders will be asked their opinion.
How to Apply In The Comments...
First make sure you have read the Terms and & Conditions. There are a lot of details in there that might be important to understand before you try to get in.
State how many shares you would like to get. You can always include some reasons why if your account does not speak for itself. It might get you a spot reserved for the next level in case there is too much demand now. (Sponsoring Upvote Shares to someone is also possible)
Say who you plan to sponsor your Minnow Shares to or if you plan to give them away in a contest and how.
Do NOT send any Steem over before you got a reply. (all mistaken transfers will be returned 100%)
That's it, replies on share requests will follow at latest this monday.
Feel free to scrutinise this project along with the numbers and let me know if something doesn't add up, or if I made a mistake somewhere. All the earnings from this post will be used to grow the account which benefits all shareholders and helps to reach the next level!