As I heard, I should also add some information about BeyondBit to my steemgigs whaleshare guide. Many people don't know that they can use both tokens, WhaleShares and BeyondBits, on their posts and thus increasing it's visibility and post-payout even more. This is the continuation of my guide post as I think this will be little bit more comprehensive too, even though this token is not that much different from WhaleShares token. I will add all of this to my guide later.
This post is also a promotion of whaleshares project in general and my comprehensive whaleshares guide. In the guide there should be like everything you would need to use WhaleShares. Also it is very detailed and easy to use. If you are still missing some information in the guide, please tell me what you are missing so I can add it. :)
THE WHALESHARES DISCORD:
https://discord.gg/zsdWYQX
THE GUIDE:
@eirik/steemgig-a-complete-guide-on-how-to-use-whaleshares
WHAT ARE BEYONDBITS?
BeyondBits is an another token in the WhaleShares project. The features of these tokens are the same as with the WhaleShare tokens. In other words you can use them to call a whale to upvote your post and as with WhaleShares is one token worth 1% upvote. The biggest difference is the whale that will be doing the upvoting. Every token is linked to different whale and BeyondBits tokens are linked to fuzzyvest.
WHY IS THERE ANOTHER TOKEN? ISN'T ONE ENOUGH?
If you want to join the WhaleShares project as a whale, you have many options how to do so. Every one of these options have advantages and disadvantages.
FIRST OPTION
You can delegate some of your steem power to whales that are already in the project, like officialfuzzy. The problem with this option is that you are not getting the curation rewards and you also don’t earn anything. You can pretty much say you donated this steem power to the project. However this project can not only help minnows, but also the whales.
SECOND OPTION
You can trail your votes to the whales in the project. Advantage of this option is that the steem power is still on your account and so are the curation rewards. With this option you are increasing the power of current tokens as you have added your steem power and thus increasing the potential rewards that people can get by using those tokens.
THIRD OPTION
The third option is probably the best.
This option is about having whale with it's own token on the DEX. You can set the parameters like name, maximum supply and choose for how much it will be selling on the market. You are the boss of your own tokens so you can even choose how your tokens will be distributed. And there are a lot of ways how you could do that. The best thing is that you will not even want to power down as a whale, because your SP is actually a marketable now. It is a win-win scenario for both sides.
WHERE CAN I GET SOME BEYONDBITS?
Or you can just click this link to go straight to the market.
https://bitshares.org/wallet/#/market/BEYONDBIT_BTS
You can also exchange your WhaleShare tokens to BeyondBit tokens. https://bitshares.org/wallet/#/market/BEYONDBIT_WHALESHARE
ARE BEYONDBITS WORTH IT?
You can buy 1 BeyondBit for 1.42 WhaleShare right now, but you really have to calculate. BeyondBits are much stronger than WhaleShares, because they are linked to much stronger whale. However it is very important to check the voting power of them both and pick the one with more voting power to maximalize your ROI.
This is just a start though. The project is still very young. With more whales in the project there will be many more tokens and every one of those tokens will have it's own value, popularity and demand. I would say WhaleShare tokens are like a main currency of this project so holding as many of them as you can is a good idea, because later you can use them to get some better tokens with really good price.
Like 1 WhaleShare token for 1 BeyondBit token. It will probably not go to 1:1 exchange rate again as the value of buying them for such a low price was just too big...
Thank you!
Do you want to ask about anything else? We got you, just come to our discord channel! :)
