Hello, I am Eirik and I am with WhaleShares from the start. With many great people like @patelincho, @jphenderson, @akrid, @rondonson, @alexpmorris, @nepd, @walterz and many more we built an amazing discord WhaleShares community of over 1000 people now - helpful, kind and just lovable!
Sometimes a new member comes to the discord and ask for help. We don't denie people like him and tell him to get the help elsewhere. We are trying to help as much as we can. Some people are not that good with computers or cryptocurrencies and you have to guide these people. However they have to listen what you are saying and they have to try to understand or it will not work.
There is video down below that is going straight to the point of how to use WhaleShares! For some people visuals are easier than text. The video works also for BeyondBits.
Also If this post will still not be enough for you and you want to know more information about the project or actually anything, please join our WhaleShares discord and we will help you out.
https://discord.gg/zsdWYQX
If you still don't know, the WhaleShares is a project from the @OfficialFuzzy – the cofounder of BitShares. WhaleShares is not just a token, but also a community of people.
These tokens have their own value. Their ability is that you can "convert" them to a whale vote to a post you choose.
1 WhaleShares token is 1% of the whale vote. This can help you massively. No more of being depressed after you spent days on your amazing post and nobody saw it. :)
TL;DR – WhaleShares tokens can increase your post-payout and thus increasing your visibility on steemit. But it is not their only advantage.
Another advantages of WhaleShares are:
- It is also a community.
- 100% upvote is possible from more whales on the same post (WhaleShares and BeyondBits).
- You can get more than what you paid for. With some other projects you always end with a loss.
- Hot/Trending tab is possible.
- Free contests and giveaways.
The one big disadvantage of WhaleShares could be that you have to use DEX - decentralized exchange. WhaleShares are only possible to get on BitShares/OpenLedger decentralized exchange. For some this is actually an advantage as this is much better "cold storage" than having them on centralized exchange such as poloniex.
What I need to get some?
The most important thing is to have BitShares or OpenLedger account ready. It does not matter where you register as if you register on OpenLedger you are also registered on the Bitshares Exchange and vice versa.
Pick your side :)
To make it as easy as possible the account model is the best. To login you just need your account and your password. With wallet model your wallet is restricted to current computer and browser. Amazing security but also you can lose your coins very fast if you are not very computer skilled.
The creation of the account model is easy as 1 2 3
How do I get some WhaleShares now to my wallet?
With account ready it is time to get some WhaleShares.
There are 3 ways how you can get some:
- Contests.
- Being lucky.
- Buying them from the DEX.
The project is still very new and the best way how anyone can promote anything is giving people a free samples. Even right now you can join few contests where you can get those WhaleShares or even BeyondBits for free!
Like this meme contest: @jphenderson/whaleshares-meme-contest-4-last-week-s-winners
Being on WhaleShares discord and being active member of the community can get you some free whaleshares. Sometimes you can get them in the voice chat when OfficialFuzzy is online (although I didn't get my WhaleShares for quite some time now :P fuzzy has probably forgotten :D, but it's fine! :)), or type your bitshares/openledger account in the discord when a mod or admin say "All hail the Red Queen".
You can read more about it here: @jphenderson/whaleshares-secret-phrase-2
This is the hardest part of how to get WhaleShares, but also the one you will be using the most. Many people just don't know how they can buy Whaleshares on the BitShares/Openledger exchange. DEX can be very hard to use for a new people, but when they get into it they will understand the strength of DEX and will love it.
The main currency on the DEX are BitShares. The best way how to change your Steem/SBD to BTS is by using blocktrades.
https://bitshares.org/wallet/#/market/WHALESHARE_BTS
I have WhaleShares, what now?
You should also check the voting power of those whales and if it's worth it for you to use those tokens right now or if you should wait and let those whales recharge before using them. Less voting power means that the upvote is less worth.
Great site for it is: https://steemnow.com
The calculator is here: https://steemnow.com/upvotecalc.html
If you did not get the vote, please head over to WhaleShares discord and we will find the error.
Many people don't know that you can use both tokens, WhaleShares and BeyondBits, on their posts and thus increasing it's visibility and post-payout even more.
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...
Video for fast explanation of WhaleShares.
If you put the video on 2x speed you can know everything about WhaleShares in about 4 minutes!
Thank you!
Do you want to ask about anything else? We got you, just come to our discord channel! :)
