Hey everyone, @bulleth here with an update on the BUILDTEAM token supply and everything that's been going on in the market!
First auction recap
The first auction was a huge success, with early adopters doubling their investment in a just a matter of days. We received bids from 20 different people and each participant ended up receiving 1.73 STEEM per token:
Total Pot = 2100 STEEM
Bids Received = 1214 BUILDTEAM
1 BUILDTEAM = 1.73 STEEM
Participants = 20
Average Bid = 59.7 BUILDTEAM
Max Bid = 147 BUILDTEAM
New issue and token supply
As 1214 tokens were bid in the last auction, only 3786 new tokens will be issued in August.
2000 new tokens were issued on August 15, bringing total supply to 19 000. Another 1786 tokens will be issued on August 31, which will bring total supply at the next auction to 20 786.
Of the 19 000 tokens that currently exist, 13 859 are held by directors and company accounts that are unable to participate in the monthly auctions. Of those 13 859 tokens, only 1493 tokens are currently available to purchase on the open market.
State of the market
BUILDTEAM last traded at 12 BTS ($1.48), down from a record of high of 18.46 BTS earlier in the week (over $3 at the time). There are currently 2348 tokens available for purchase on the open market, with the lowest ask sitting at 11.99 BTS. The highest bid is currently 11 BTS, with buy orders totaling 3377 BTS.
The three largest holders of BUILDTEAM who are eligible to participate in the next auction are:
prosirius101 (1090)
bull-eth (604)
netuoso-42 (545)
Get in quick!
The next pot will be announced on September 3 and rumours abound that it will be even bigger this time, with more than 3000 STEEM up for grabs. Considering BUILDTEAM was trading at 15 BTS at the last auction, with a pot of only 2100 STEEM, in my opinion these tokens are incredibly cheap right now. There are currently more than 350 tokens available between 11.99 and 15.
As BuildTeam staff are paid on the 1st and 15th of each month, mid-month will likely continue to provide opportunities to pick up tokens at a discount. Don't expect them to stay cheap for ever though, when the last pot was announced, price doubled in 48 hours:
So if you are looking to get your hands on some BUILDTEAM for the next auction ... you better get in quick while they're still cheap!
How do I buy BUILDTEAM tokens?
Tokens can be purchased on the OpenLedger - https://bitshares.openledger.info/?r=buildteam
If you already have an OpenLedger account, use this link to go directly to the exchange pair:
https://openledger.io/market/BUILDTEAM_BTS
How do I participate in the monthly BUILDTEAM auction?
We recommend reading the following posts to understand BUILDTEAM better and participate in bidding:
https://steemit.com/buildteam/@buildteam/pre-ann-the-buildteam-bidding-process-tutorial
https://steemit.com/buildteam/@buildteam/buildteam-bidding-announcement
What determines the price of BUILDTEAM tokens?
Like all exchange traded assets, buyers and sellers determine the price of BUILDTEAM tokens. Current supply and the size of the monthly profit pot are the primary fundamental drivers.
The Team
Who is behind BuildTeam?
The BuildTeam's organizational structure looks like this:
--------------------THE BUILDTEAM--------------------
BuildTeam General:
@thecryptodrive (@buildteam co-owner, CEO and Steem/Peerplays Witness)
@reggaemuffin (@buildteam co-owner, Steem witness and CTO and Lead Developer of @minnowbooster and @steemsports)
@cryptomancer (@buildteam co-owner and CTO and Lead Developer of @steemvoter)
@coinhawk - (@buildteam Business Development Manager)
@techblogger - (@buildteam Business Development Manager)
@bulleth (@buildteam Business Development Manager)
@tech-trends (@buildteam Assistant Public relations officer and Chat Moderator)
@bania (Nigerian Community Ambassador)
Developers: @mildfun, @netuoso (witness), @on247
Designers, UX and Multimedia: @carlosd15, @kozak, @velimir (Multimedia Manager & Writer), @shrey, @heelzkinu
SteemSports
@theprophet0 - (@steemsports General Manager, Editor-in-Chief and Steem/Peerplays witness)
@scottybuckets (Steemsportscast Presenter)
@writingamigo (Steemsporstcast Presenter and Editor)
@sirlunchthehost (Steemsportscast Presenter and Video Journalist)
@gnocdepatat (@steemsports community manager and writer)
@princewahaj (@steemsports SEO expert)
@murda-ra (@steemsports consultant and @minnowbooster Discord chat moderator)
Other:
@smooth and @neoxian (@minnowbooster advisors and liquidity providers)
Support
What is the best way to get in contact with BuildTeam?
Please visit our Discord support chat for help with any questions or problems you may have:
Thanks for your interest in BuildTeam and stay tuned for more exciting projects!
This is a @steemvoter subscription payment post. Thank you to Steemvoter customers for allowing us to use your Steem accounts to upvote this post by virtue of your free subscription to the Steemvoter.com bot service. @steemvoter is proudly a @buildteam subsidiary and sister project to @steemsports and @minnowbooster.
that is good :)
This post received a 3.2% upvote from @randowhale thanks to @mountrock! For more information, click here!
Wawww .. Nice post, really interesting to folllow !
Thanks @buildteam for your detailed links and information about Build Team Blockchain Innovators. I appreciate your effort in doing this however it looks like you have a better understanding with @bulleth and @thecryptodrive being the CEO is a good pointer that build team is driving towards something great. Please keep it up. I appreciate.
1NSQSxRcGMsEYJGjtEZudib4A9beNMuCvL
Need to learn more about builteam. I like to follow you @buildteam for grow my goal. Thank. If you have time l should learn to you.
Hey guys! I advertised you in my last post! I hope it gets you more clicks! If you find any tokens collecting dust somewhere - OL: st44m
Cheers!
Have Trade able markets....
We are focusing on BUILDTEAM/BTS market for the moment as we'd rather have one moderately liquid market than many markets with no volume.
Seems a good investment to me I will read more about it.
Please comment on my post about investment in market
https://steemit.com/investment/@amanjain2k/best-investment-coin-please-share-your-thoughts
Nice post
Thank you @buildteam for this post, It's very nice !!!
Useful👍👍
Excellent comment, I really like your work. I think it is very objective in the analysis and in what you want to convey. Thank you for sharing your knowledge with us.
complicated but informative no dought!, should try to decrees the length of post, too much posts are ignored due to their huge gape between top and bottom.
We only do these updates once a month and there's a lot of info to get in!
ahh right sir, and Post is informative no dought, so thanks for the reply , But............... Vote is necessary !
that is why your post it in hot!!!
very good post!!!
Thanks you @buildteam
New issue and token supply
Thanks you @steemboad :)
great informatibe post my bro
@steemprice @minnowbooster @steemvoter
Awesome informative post hank you so much for sharing
this is a great team!
Not a problem mate!
Follow me @uangdatang because life is easy
Thanks
Great article. Thank you.
Glad you enjoyed :)
Effective knowledge of build team
Knowledge = power
Can i buy btc??
We don't have a BTC market set up yet as not enough volume, the easiest way is probably to use blocktrades.us to convert your BTC to BTS :)
A very informative post. thanks a lot @buildteam for sharing. i'll pass the massage to my friends.
Thanks khekhem!
Market analysis is quite better.
Thanks for information
what is build team?
Hey, @buildteam is a team of marketers, developers, managers and creative thinkers who build apps for blockchains like Steem.
oh that is cool indeed, I'm going to follow you ,you got my attention !!
Hey guys, I only see one pic in steepshot, how do I read an article? I'm a newbie btw
Try refreshing the page - there should be at least two pictures and a bunch of text :)
Thanks @buildteam for your information about Build Team Blockchain Innovators. I like and i appreciate your effort in doing this. Its great idea. :)
Thanks theceo :)
Seem like a good investment this will certainly look into it. Please head on down to @rogerblu and check out my article on a feiend of mine who has cancer trying to raise some funds for her a follow and upvote will be appreciated.
Its a very good post i will still read carefully. Nice vision
super interesting
In doing this you seem to have a better understanding with @bulleth and @ thecryptodrive as CEO is a good pointer that builds teams into something great.
wow. this is a very great post and very interesting. i am joining the discord to know more
Great, look forward to seeing you on the discord server!
Good to know
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STOPAwesome post! I'm going to spend some time researching and trying this myself. Up dated following
Congratulations @buildteam!
Your post was mentioned in the hit parade in the following categories:
Nice post! Been looking to get into crypto for a while now, might just have to make a move...
from @rizwankhan
nice post.thanks for sharing info with us.
That is great post @buildteam .. I'am Really to interesting to upvote and follow
Good to see this token doing well. Can anyone help me get some more detail:
1.Where can I find a table / chart to check the monthly profit of all the BUildteam's steem based project?
What percentage of this profit is assigned for token holders?
How many total no. of employees have you got currently? What is the total emoluments being paid to them.
Is it decided that you will always distribute a fix amount of only 5,000 tokens to your staff every month?
What if some day acquiring this token seems costly to you, would you generate tokens on your own instead of recycling? What stops you to do that?
Any answer to these will be highly appreciated. TIA!
Build Team Good Job!
good info
@jacksonoskele got you a $1.55 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
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As an active curator that most of the time strives to vote on content I know will probably not see many votes after mine due to it being new users, etc. I have thought about this for a long time which changes would help out to incentivize curation more for all accounts involved.
Even though curation has a much bigger inventive here than say on other platforms such as Reddit it can still be finetuned more and I hope it will become better over time and experiments.
The curation penalty for voting early should be changed somewhat. I know this was put in place because of bots voting on the same second a post was released by authors they knew will gather a lot of votes but this was also done at a time when people were already using bots for their 40 daily votes. Now with only 10 daily votes and a bigger inventive to vote manually this could incentivize curators to check through the 'new' section more often in hopes of finding the gems that people don't already have on automatic bots.
Combined with that I think we need to rething the curve of rewarding curation where the first voters receive a much bigger piece of the pie than those voting last. I've noticed that often even if you are the last to vote you still make a decent amount of curation rewards if your stake is big, this would at the same time discourage curators from voting on friends and the popular authors if they notice it has already garnered big amount of rewards and they might consider voting on something newer or with less rewards instead.
At the same time, increasing the curation reward pool and decreasing the post reward one would activate more authors to start voting.
There are a lot of things that can still be improved on and experimented with and I'm sure we will be able to find a better balance over time.
I also noticed the lack of mention of delegation in your post, having read a post of @sukhvir2500 recently I have to admit that its like a superpower and in the right hands it will make curation even more effective on the platform.
I am for instance delegating my own SP further to the curators of @ocd and we are looking to growing over time in amount of curators and delegation with the platform and its userbase to make sure that less and less quality and new authors get overlooked.
Steem has a lot of incentives and even though not all of them are being used to their max extent yet I believe it will get better and better over time
https://steemit.com/curation/@thecryptofiend/the-curation-conundrum
Best not plagiarize :O