BTUniverse - How to Purchase and Stake BuildTeam Tokens

The Benefits of Staking BUILDTEAM Tokens

Would you like to learn how to be a part of BuildTeam, share in its success and receive a portion of profits bi-weekly by obtaining and staking BUILDTEAM on the Bitshares Decentralized Exchange?

In this article, we are going to show you how easy it is to accomplish that goal and be a part of the magic.

Lets start by quoting the BuildTeam.io website and have a quick look at what they have to say about their unique and innovative token.

BuildTeam stimulates growth and innovation by rewarding builders with BUILDTEAM (BT) tokens. BT token emission are only directed at builders and there is no way for the tokens to be purchased directly by the public other than in a secondary market when builders resell their surplus tokens which they do not wish to stake on the Bitshares DEX.

Holders of BUILDTEAM tokens are able to Stake for a discretionary percentage of BuildTeam's Nett revenue in a bi-monthly distribution process. Steem is distributed on a proportional basis depending on how much each participant has staked.

If you'd like to get your hands on BUILDTEAM tokens they can be bought or sold at market on the Bitshares Exchange or Openledger.

Here are the specifications of the token itself:

Ticker: BUILDTEAM
Type: Bitshares Asset
TPS/Max: 100,000 TPS
Consensus Mechanism: DPOS (Delegated Proof of Stake)
Block Target Time: 2 Seconds

Now what is the underlying value behind BUILDTEAM tokens?

Well, BuildTeam generates revenue from its various services including @minnowbooster, @steemvoter and @steemsports. Nett revenues are collected and amassed into the BuildTeam General Fund, in the form of Steem cryptocurrency and BT token holders are able to vest their tokens in exchange for rewards.

The more tokens you stake, the larger the percentage of staking payouts you will receive. The amount of Steem paid is proportional to the number of tokens staked in relation to all other users who have staked tokens and the overall quantity of Steem distributed.

The more BT you stake, the more Steem you will receive!

Now let me walk you through the process of obtaining BUILDTEAM tokens and what you need to do in order to stake them.

Stage 1

If you don't have a Bitshares wallet, you can create one here: https://wallet.bitshares.org

Stage 2

You will need to fund your Bitshares DEX account with an approved cryptocurrency. In addition to Bitshares, BTC, DASH and many other tokens are accepted as well. (If you are already a BUILDTEAM token holder and have sufficient BTS for transaction fees, skip to Stage 4)

Stage 3

Click on the following link to go directly to the BuildTeam exchange on Bitshares DEX:

https://wallet.bitshares.org/#/market/BUILDTEAM_BTS

You should now be able to purchase the quantity of BUILDTEAM you would like to obtain in the buy window.

Stage 4

Now that you've got your hands on a bag full of BUILDTEAM tokens, there are several actions you can perform at any time to control your stake:

--- Establish a new stake or add to an existing stake ---

Simply send the amount of BUILDTEAM tokens you want to vest to the buildteamvest Bitshares account, with your Steem account name in the memo field. The amount you send is how much will be staked.

--- Powerdown a stake ---

Send any amount of BUILDTEAM tokens (such as 0.001 BT) to the buildteamvest Bitshares account, with “start powerdown {Steem account name}” in the memo field. Or simply write “start powerdown” without the account name in order to powerdown all stakes (useful if you stake to multiple Steem accounts).

--- Stop powering down a stake ---

As above. Send any amount of BUILDTEAM tokens (such as 0.001 BT) to the buildteamvest Bitshares account, with “stop powerdown {Steem account name}” in the memo field. Or simply write “stop powerdown” without the account name in order to stop all active powerdowns (useful if you stake to multiple Steem accounts).

--- View staking information ---

After sending a Bitshares transaction, it can take up to 20 minutes (but most of the time it should be less) for your transaction to be processed and changes to your stake(s) recorded. To make sure your transaction had the desired effect, you can verify your current stakes at any time by checking this public Excel spreadsheet:

https://docs.google.com/spreadsheets/d/1AiiI_zqwb4g37aiteoIiprStIYl2M_N4F0aETyfZ8K4/edit?usp=sharing

This sheet will always show the latest staking information, with data being updated automatically every 10 minutes. Stakes are displayed in alphabetical order by Bitshares & Steem account, so it should be easy to find your entry.

Still confused? Check out this BuildTeam staking video to show you step by step how to get involved like a pro!

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Be a part of the BuildTeam movement!

Now that you know everything there is to know about how to gain BuildTeam and be a part of the organization's success we hope you'll consider jumping on board with us! We appreciate your support and look forward to bringing you new exciting blockchain-based applications in the months ahead. Thanks for taking a few moments to review this @BTUniverse tutorial!

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