BuildTeam Bidding is NOW OPEN - 4000 STEEM up for grabs in October!
BuildTeam would like to announce that we are now taking bids for the October pot ...
The October 2017 BuildToken General Fund is :
4000 STEEM!!!
Bidding commenced at 00:00 UTC October 3rd, 2017 and will close at 23:59 UTC on October 5th, 2017.
To participate in the bidding process, you will need to get your hands on some BUILDTEAM tokens. If you haven't got some yet check out this handy video tutorial from @velimir and @techblogger:
How is the pot distributed?
The pot is distributed proportionately among the bidders according to how many tokens each participant has bid. There is no minimum or maximum bid. Assuming two participants, if you bid 1 token and the other participant bids 9, you will get 10% of the pot.
What's the best bidding strategy?
The more tokens each person bids, the less STEEM there is to pay out per token. The bidding "game" is designed to be co-operative, rather than competitive. If you start trying to "win" by outbidding other participants, you won't just be damaging the group, you will be damaging your own interests too!
Bidding Process
Step One
If you already have a Bitshares wallet and BUILDTEAM tokens, you can skip straight to Step 4, otherwise you should create a Bitshares wallet here: https://bitshares.openledger.info/?r=buildteam
Also, consider downloading the Bitshares desktop wallet for a more secure way to transact. The wallet can be downloaded here: https://bitshares.org/download/
Step Two
Fund your Bitshares DEX account with some Bitshares tokens. You can buy Bitshares at Bittrex, or use STEEM or SBD to buy Bitshares at blocktrades.us
Step Three
Click on the following link to go directly to the BuildTeam exchange on Bitshares DEX:
https://openledger.io/market/BUILDTEAM_BTS
Use the 'Buy' panel to purchase the desired quantity of BuildTeam tokens.
Step Four
After the bidding process has begun, make your bid by clicking on the 'Send' tab in the top right corner of the exchange window.
It will take you to the screen below:
Send the quantity of BuildTeam Tokens you would like to bid and place your Steemit account name in the 'MEMO' field. Remember to keep some BTS tokens in your account and select them for the transfer fee option as this is a much cheaper way to transact.
Additional bids can be made following these same instructions up until the deadline period.
Tracking Bids
BuildTeam is proud to present you with this opportunity to share in our success. We want this process to be as transparent as possible. You can see the current bids on the October 2017 tab in this google sheet, but be aware that we fill this in manually. In addition you can see the latest transfers on cryptofresh, at OpenLedger or, if you are using the desktop client, simply click the gear icon -> explore -> accounts, enter buildteam and click the account name to view the latest transactions.
Make sure you keep track of the number of bids made and the quantity of STEEM offered in the monthly pot before making your bids.
If you have any questions head over to the MinnowBooster discord channel and contact either @tech-trends, @furious-one or @locke.
Good luck!
This is an awesome example of how the Bitshares decentralized exchange is enabling real businesses to be built on the blockchain - not scammy shitcoin ICO pump and dumps like most of the top 20 on CMC. You guys are doing great work and I'll be buying you on the DEX!
Thank you @johnsmith, we are really proud of what @buildteam could already achieve and it would not be possible without steem and bitshares. This is the future of blockchain and we are looking forward to it.
Thank you for showing us what works.
Nice one guys, i participated in the first bidding process in August and made some pretty nice profits on my invested BT. I'm in for this month guys.
how much is a buildteam token worth?
Currently 22BTS on the market.
Ah okay thanks
Check out this website for more detailed info: https://cryptofresh.com/a/BUILDTEAM
Nice, but what's the purpose behind bidding for Steem? Is it to increase awareness of Buildteam tokens?
This is the way we pay salaries. All our team members get BUILDTEAM tokens and each month we share a part of our profits with token holders. And as a non team member you can buy tokens on the market and participate in the bidding. So the reason is getting a profit.
This is HUGE .... I'll be there in the bidding
I will also be there
Thank you for clarifying the non-competitive bidding process. I stayed out of last months bid because again, another pure arsehole sought to grab the pot for themselves.
Yet, if everyone bids around the same, and under 100 we all win and get more bang for our buck.
If Señor dickhead had refrained from bidding nearly 400 on the last pot we would have seen the coin price rise significantly.
That is the twist with this coin :I Should there be anything @buildteam can do to improve the bidding process, please give us feedback.
I have actually given this a lot of thought over the last two months but I think you're doing it well. If you shove a roof on the auction then you're essentially preventing growth (in my eyes) - I'm just annoyed that people are sacrificing long term gain for short term profit. I'll get over it! I'm just grumpy lol
Alright, thank you for the feedback :)
Nice one guys👌👌👌👌 i participated in the first bidding process in August 👌👌👌👌and made some pretty nice profits on my invested BT. 💐💐💐
I can only recommend everyone to get some BT Tokens and participate in the Bidding. The returns are just too good to be missed ;)
How long does it take to double up
exactly it's once in a month opportunity to double or triple your money
It seems I should start buying buildteam token as early as possible. They are getting more and more expensive! But isn't it risky to send these premium tokens for bidding and we might end up getting less equivalent steem. I am a minnow and I just want to be sure!
if you look at the google sheets you'll notice that the pot size increased every month which reduced the chances of loss ... therefore it is less risky
Holy cow! pot is gettin increased with every auction 🤓
Nice post 👍
Thanks for sharing and and very useful information