Upvote Shares Level 19 (100% Complete)
Upvote Shares is a project from @costanza that aims to provide Daily Upvotes based on a fair model that should be sustainable and scalable over time. More on the Model Mechanics can be found here. These posts are made each time a level is complete and include all the details of the different Shareholders and Sponsorships
The State of Steemit
More drama on Steemit the last couple of days as projects like @steembasicincome and @upvotebuilders who both have done good things for the platform in my view became a target of downvotes with upvotebuilders closing down. All of it is based on very inconsistent arguments which makes it more of a bully behavior than anything else.
I'm sure this will all blow over and for as far as I know, @upvoteshares along with @qurator and @steem-ua have not been targetted yet. One of the objectives of this project has always been to help decent quality content creators who have SP invested build some more consistent upvotes in a way that is very fair and sustainable that also creates a friendly atmosphere with the sponsorships. I will continue to monitor the entire situation and have no direct intention of shutting the program down. The fact that this can happen has been considered and taken care of since the projects started. So in case it ever comes to an end, everyone will get their invested steem back as promised...
Level 19
Level 19 is now complete 28 days after opening up. It took a little bit longer as not all shares were bought up. I did power up some of the Steem the program had on steem-engine burning those shares in the proces which does increase the returns of all active shareholders a bit more. One of the good things about the model is that no new money needs to come in in order to keep the good returns for existing shareholders. I am keeping somewhat of a low profile right now with everything going on on Steemit making sure the account slowly continues to grow.
I also continued to increase the staked steem-engine tokens...
| Coin | Powered Up |
|---|---|
| STEEM | 5084 STEEM POWER |
| PAL | 780 PAL |
| SPORTS | 80000 SPORTS |
| LEO | 500 LEO |
Level 19 Shares
All Minnows that were with some delay sponsored added to the upvote list from the @minnowshares account from which they now receive upvotes until the next level is complete. For more info in case you got sponsored see This Post
Read Table:
The Account reached 4774SP which opened up Level 19 and made 50 new shares available that were acquired for 4.340 STEEM each (217 STEEM Total). This was Powered Up and 21.7SP (10%) was added on top. (an equal amount was paid out as curation rewards to shareholders) The account now needs to reach 5082SP (+22SP) making every share worth 4.400 STEEM to open up Level 20 ...
Previous Levels Information
Spreadsheet Updates
52 Free share conversions (Paid for by the program) have been given out so far and the required number of spornsorships right now is 9 which is were it will likely stay from now on.
| Share | Account | Sponsored By |
|---|---|---|
| 0726 | @celinavisaez | @macoolette - @costanza |
| 0727 | @mango-juice | @jlordc |
Next post will be posted when the next Curation Reward Dividends will be paid out followed by Level 20 Opening up...
100% of the token earnings from this post will go towards growing this account and increasing the value of each share. As always feel free to leave remarks, suggestions or questions in the comments and let me know if I made a mistake somewhere. Thanks Everyone !
