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RE: WHALESHARE vs RANDOWHALE vs MINNOWSUPPORT - What You Should Use

in #steemit7 years ago

Whaleshares is not a purely traded token... We have only released whaleshares as prizes for contests, giveaways on our discord server and to reward people who have done things to benefit our community and steemit in general. The tokens on the bitshares exchange are ones that people won and decided to sell for BTS. It makes sense that they would cost more that way than what you get for post payouts since if they were less the people would just use them to upvote their posts. There is also a very wide range between the bid price and the ask price so if you just took the sell price you probably could have gotten them cheaper. We have been slowing down on the contests since HF19 so as to regulate the supply so the voting power doesn't get drained too much but we will be starting contests again soon with prizes adjusted for the HF19. We have pretty much decided that we will probably not be offering whaleshares officially for trade but instead will keep them purely for contest prizes and rewards for people benefiting the communities.

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By saying that I meant the price is guided as a traded token in openledger without taking into account current state of voting power of the whale. But I do like what you just mentioned about using this as a contest token. Good luck and I really like this project...

Yes since we aren't officially trading them then the market determines the price completely. I just thought I'd take this opportunity to say that about it being a purely contest and reward token.

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