BuildTeam Announcement: First Proof of Stake Distribution!

in buildteam •  last year

BuildTeam, the revolutionary blockchain technology company focused on creating cutting edge services and applications, announces its first Proof of Stake profit distribution.

Proof of Stake: Grow with BuildTeam

BuildTeam continues to take aim at enhancing the Steem social network ecosystem as well as other blockchain environments. In our efforts to make BuildTeam one of the world’s leading blockchain companies, we now operate on a Proof of Stake (POS) system. Our company sucessfully completed its first POS distribution which we would like to share with you below:


Current Metrics:

The first BUILDTEAM staking payout on Dec. 1 was 6700 Steem.

At this moment there are roughly 10,500 BUILDTEAM locked into the POS system.

Looking at the math, this would mean that (1) Staked BUILDTEAM would amount to a possible dividend of about 0.638 Steem, if the same amount of Steem were distributed for the next payout on Dec. 16, and if no further BUILDTEAM tokens were staked. Of course past performance is no real guarantee of future results, so take that as you will.

Please keep in mind these metrics can change rapidly and staking BUILDTEAM is a long term investment decision. Our blockchain projects speak for themselves.

POS dividend revenue is now ongoing for all stakeholders; bi-monthly distributions have replaced the previous auction bid system and BUILDTEAM tokens are no longer forfeited by their owners, instead they can be staked for a revenue share and tokens can be unstaked via a 13 week powerdown period, analogous to the Steem Power divesting period.


Welcome Aboard: BuildTeam Staking Tutorial Video

To help you get started, the amazing @velimir produced and directed this outstanding tutorial video showing you how to stake BUILDTEAM (and how to purchase tokens if you don't have them already)!


Viewing stake 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 executed successfully, you can verify your current stakes at any time by checking the public Excel record spreadsheet (screenshot shown above):

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

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

Important Message About Staking

Staking is completely automatic so it's important that people fill out memo fields exactly as instructed. If you get it wrong, we are capable of manually correcting problems, but we will not be proactively monitoring it. If you stake, it's your responsibility to verify that it worked as expected, and notify us in the MinnowBooster discord channel through the usual support process (use #buildteam-tokens) if there's a problem.


Final Thoughts

BuildTeam has come a long way in a very short amount of time. Our primary goal is to further develop the Steem community through services that help Steemians do what they do even better. Our POS system facilitates that goal and provides supporters with an opportunity to invest and grow with us. Together we can make Steem the greatest blockchain in the world.

With our new Proof of Stake (POS) system in combination with revolutionary new blockchain products and services being released every quarter, there's nothing to get in our way when we work together. We hope you will consider joining us!


Give us feedback

We are always looking to improve @buildteam and try to keep you up-to-date whenever something changes. If you have any suggestions about what we should change or add to @buildteam, then feel free to leave a comment below.


Join the conversation on our Discord chat

Get support and connect with us and other BuildTeam fans!


Please remember, that while we are a business and work for a profit, that we share a good deal of our income with the various investors in our services. There is no other booster or voting service available which shares its rewards with such a diverse set of people on the Steem blockchain.

Thank you for your continued support.


Missed the BuildTeam announcement? Here's all the juicy details.


BuildTeam is a company founded by @thecryptodrive (witness) @cryptomancer and @reggaemuffin (witness)


Visit our flashy new website BuildTeam.io!


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Portuguese version of this post/Versão deste post em Português:

Anuncio do Build Team Primeira distribuição de Proof of Stake!

Is there a way to buy a bigger amount of BUILDTEAM then on bitshares open ledger?

This was very great !!!

Good post, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste :D greetings

Seems like a great thing. I like PoS and will take a look at it. And for Steemit, that's probably a good thing. So please continue in any case so that together we can make Steemit bigger :))

What is the inflation rate?

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Up to a maximum of 5000 new BUILDTEAM tokens are distributed each month, though it may be a bit less depending on circumstances.

So can I stake my BUILDTEAM Tokens right now or has the staking round not started yet?

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Yes you can. Watch the video for instructions on how to do it.

I got some catching up to do. This looks interesting. Will keep an eye out and hope to better understand in the future. I host a weekly Steemit/Bitcoin Meetup in St Louis. The next one is this weekend. I am simply leaving a link to info about the event here for your reference in case there is anyone on your team in the midwest and wants to join us. Also, this might be something worth mentioning to the crew. All the best! https://steemit.com/life/@jacobts/st-louis-steemit-bitcoin-happy-hour-meetup-2

So I am curious as to what will happen to the buildteam/bts tokens when the SMT tokens are implemented? Will we get out bts buildteam back? Will they be 'burned' and tranferred over to SMT Stakes? Anybody have any input on this? As well as a possible timeframe for the SMT buildteam tokens?

Seems interesting. I will try to dig up some money and invest some.

Greetings. I'm a photographer and I need support for promotion. View my blog, can I count on your help?
https://steemit.com/@mariya-lorenz

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