Upvote Shares Level 10 Available...
The account has reached 2299SP unlocking level 10 (See Table) after level 9 got sold out around 21 days ago. This means 50 new shares from the @upvoteshares account that spreads out daily upvotes become available. All of them have been reserved! Reservations are non-committal, so it is still possible more level 10 shares will become available. It's also always possible to reserve a spot for level 11 already or have some shares automatically reserved for each level like many by now do.
|Share Price||3.800 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 fully be used to Buy Delegation to slightly increase the upvote worth and allows 1 Minnow Share Sponsorship.|
|Total||4.100 STEEM||The total Steem for 1 Share|
LEVEL 10 RESERVATIONS
|@roleerob||10 Shares||41.000 STEEM|
|@glastar||10 Shares||41.000 STEEM|
|@macoolette||6 Shares||24.600 STEEM|
|@bengy||5 Shares||20.500 STEEM|
|@newageinv||5 Shares||20.500 STEEM|
|@mango-juice||3 Shares||12.300 STEEM|
|@costanza||2 Shares||8.200 STEEM|
|@jlordc||2 Shares||8.200 STEEM|
|@abh12345||2 Shares||8.200 STEEM|
|@braaiboy||2 Shares||8.200 STEEM|
|@fullcoverbetting||1 Share||4.100 STEEM|
|@byebyehamburgers||1 Share||4.100 STEEM|
|@fredkese||1 Share||4.100 STEEM|
|Total||50 Reserved Shares|
The ones who have a reservation can send the required steem to the @upvoteshares account with the memo
Payment Level 10 Shares , I understand how this project works and agree with all terms and conditions (https://steemit.com/steemit/@upvoteshares/upvote-shares-or-terms-and-conditions)
I will confirm when your shares have succesfully been assigend in the comments below where you can also let me know who you want to give your sponsorships to. In case you don't have the Steem directly available confirm your resrvation in the comments and send it later on (before 03/03/2019). If you don't want to take up your reservations also let me know if possible so they can be taken up by others. I will be adjusting everyones voting powers during the week already.
Level 8 Schedule
Monday 18/02/2019 Upvote Shares Level 10 Available...
Friday 22/02/2019 Upvote Shares Level 10 Sold Out!
Monday 04/03/2019 Upvote Shares Level 10 (100% Complete)
|1 Daily upvote from the @upvoteshares Account||This for as long as this project runs. (the 3.800 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 roughly around <500$ worth of STEEM or that currently have between 1 and 6 sponsorships qualify. Current sponsorship count will be posted tomorrow on the @minnowshares account.|
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 number of shares. [ Example Level 10 Price = 3.800 STEEM | Minimum Powered Up SP in Account = (3.800 STEEM x550 SHARES)x1.1 = 2299 SP ]
Each share represents an equal minimum daily voting % from the account that can be calculated. For Level 10 this is 1000% / 550 Shares = 1.82% Upvote. Based on current Steem Price this is a ~0.00093$ upvote. (To calculate accurately do SP x1000 and Upvote /1000 see image )
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. Those who got in on previous levels paid less for each share and have increased their minimum return a bit (see numbers).
There are currently still a lot of reserved inactive shares and they don't count towards the upvote % distribution. Many of the shareholders from previous levels don't make daily posts which allow for an increased overall voting percentage to ~1500% and above. Each Level is pre-funded which means most of the SP from Level 11 will already be in the account to increase the upvote value. Leased SP from previous Levels are all 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 10 Shares. The @upvoteshares account has some savings to maintain the pace of moving to a the next level in the future for when it gets harder. This SP is powered up on the minnowshares account and leased to the upvoteshares account to give a bit extra value to shareholders (70SP).
All this brings the expected upvote for each Share at...
1700% / 500 = ~3.4% from the @upvoteshares account that will have ~3600SP in it.
This currently makes the upvote for 1 share worth ~0.00291$. (4%)
(This project always aims to overdeliver and the expected upvote % for each share has always been a lower than where it was actually set. )
While the upvotes themselves might not be spectacular because the continued low Steem Price, 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. If steem goes back up the upvote $ amounts will increase along with that.
|Daily Upvote||Before Curation||After Curation|
|3.800 SP (10x Self Upvote)||~0.000768$||~0.000768$|
|1 Upvote Share Minimum||~0.000930$||~0.000744$|
|1 Upvote Share Expected||~0.002910$||~0.002328$|
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 12 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 7 Minnow Shares over time can claim 1 Upvote Share. (There were 50 reserved in level 0 and more in later levels). There will be a 10 day 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 and also helps to boost your @steem-ua score.
It is possible to Sponsor 1 or more Upvote Shares to someone else. In this case the Steem remains owned by the one who made the sponsorship and will be returned to them in case the project ever ends. Only when the account that got sponsored agrees can the share be sold on the market by the account that gave out the sponsorship. The Minnow Share Sponsorship that comes along with each share can also be sponsored by the person who Sponsored the Upvote Share but can not go to the same account.
There is currently No available share left for this Level. It is always possible to reserve shares for the next level or have an auto-reservation of one or more shares for each new level.