Hi! @techblogger here, bringing you an exciting report on the developments with BuildTeam's organizational token referred to as BUILDTEAM available for purchase on the Bitshares DEX.
In this report I'm going to go over the purpose of the token and provide some clearly laid out metrics to give supporters a clearer picture of past ROI in early 2018.
What is the purpose of BuildTeam's token (BUILDTEAM)?
BuildTeam generates revenue from its various services including MinnowBooster, Steemvoter and @steemsports. The organization has been structured in a way in which profits are collected and amassed into the BuildTeam General Fund. The profits of BuildTeam are retained in the form of Steem cryptocurrency.
The BUILDTEAM token operates on something called 'Proof of Stake' which allows a token holder 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 you stake 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!
How Does Staking Work?
Staking payouts are made twice per month. They occur on the 1st and 16th of each month. Payouts are done from a fund of BuildTeam profits that have accumulated over the previous 2 week period. The size of this fund is never announced before distribution.
Since most of our projects are based around the Steem blockchain, payouts are made in Steem, and are sent to the Steem account you nominated when initiating the Stake.
When BuildTeam branches out to build on other blockchains, income in those currencies will also be paid out to Stakeholders.
Once you have staked your BUILDTEAM tokens, they are essentially frozen as long as they remain staked. Staked BT cannot be transferred or traded on the Bitshares market.
These tokens are effectively taken out of circulation.
This is the powerdown process by which you can unstake your tokens to make them liquid & tradeable once again:
The Power Down process takes 13 weeks to complete (Just like Steem Power).
You will get a portion of your BUILDTEAM back once per week.
At the end of 13 weeks, all of your BUILDTEAM will have been returned and your stake will be Zero.
While powering down, you will still earn staking payouts for the portion of your BUILDTEAM that remains staked.
Powerdown can be stopped at any time, in the event you change your mind and decide to leave some tokens staked.
BUILDTEAM tokens are distributed at a maximum rate of 2500 tokens, twice per month, to builders who do work for BuildTeam on a "Proof-of-Productivity" basis. The only way the tokens can be obtained by the public is when the builders decide to sell off a portion of their earnings for immediate expenditure needs.
Most builders however choose to stake a major portion of their tokens to remain vested in the future of the projects which takes further tokens out of circulation and increases scarcity.
BUILDTEAM tokens can be bought and sold using the following link :
https://bitshares.openledger.info/market/BUILDTEAM_BTS
BUILDTEAM Metrics 2018
BuildTeam was founded with builders in mind, the primary purpose of the BUILDTEAM token is to reward builders for contributions to BuildTeam's overall ecosystem and support their efforts to create a new and better world powered by blockchain. BuildTeam itself does not sell BUILDTEAM into the market but rather allows builders the opportunity to either stake or sell their tokens and gives the free market a chance to determine their overall value as the token is publicly traded.
BuildTeam was founded with builders in mind, the primary purpose of the BUILDTEAM token is to reward builders for contributions to BuildTeam's overall ecosystem and support their efforts to create a new and better world powered by blockchain. BuildTeam iteself does not sell BUILDTEAM into the market but rather allows builders the opportunity to either stake or sell their tokens and gives the free market a chance to determine their overall value as the token is publicly traded.
This year BUILDTEAM has offered an outstanding ROI to both inside and outside parties and would like to highlight that ROI in the chart below:
What does it all mean for BuildTeam?
As you can see from looking at the chart above payments / ROI declined over March and April which also tracked a major correction of the overall cryptospace in which every major cryptocurrency faced a massive decline of 20-80pct.
Another apparent observation is that payments / ROI has a new trend increasing significantly at the end of April 2018 and mid May 2018.
BuildTeam has an incredibly ambitious roadmap for 2018 which involves major updates to some of our flagship services and a possibility of getting involved with brand new projects involving the new EOS mainchain due to release on June 1, 2018.
Stay tuned for some exciting news! Thanks for supporting BuildTeam!
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