The BuildTeam Model

BuildTeam generates revenue from its various services including @minnowbooster, @steemvoter and @steemsports. The company has been structured in a way where the profits are collected and amassed into the BuildTeam General Fund, in the form of Steem cryptocurrency.

Proof of Stake 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 will be 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.

Staking payouts will be done twice per month, on the 1st and 16th of each month. Payouts will be done from a fund of BuildTeam profits that have accumulated over the previous 2 week period. The size of this fund will not be announced before distribution.

Since most of our projects are based around the Steem blockchain, payouts will be done in Steem, 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.

Assumptions:

• Assume the entire profit pool is 1000 Steem.
• The total amount of staked tokens is 100 BUILDTEAM.
• Joe Stakes 35 BUILDTEAM tokens.
• Mary Stakes 45 BUILDTEAM tokens.
• Fred Stakes 20 BUILDTEAM tokens.

The results of the above scenario would result in:

• Joe receiving 350 Steem
• Mary receiving 450 Steem
• Fred receiving 200 Steem.

Note that the payout amount for each individual is determined at the exact moment of distribution. It is perfectly acceptable to establish a stake as little as 10 minutes before distribution occurs, and you will still get your correct share. Once the moment of distribution arrises, any newly staked tokens will count toward the following payout, but not the payout which is underway.

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 out of circulation.

This is the powerdown process by which you can unstake your tokens to make them liquid & tradeable once again:

• Power Down process takes 13 weeks to complete.
• 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.

There are several actions you can perform at any time to control your stake:

Simply send the amount of BUILDTEAM tokens you want to vest to the buildteamvest Bitshares account, with your Steem account name in the memo field. The amount you send is how much will be staked.

Send any amount of BUILDTEAM tokens (such as 0.001 BT) to the buildteamvest Bitshares account, with “start powerdown {Steem account name}” in the memo field. Or simply write “start powerdown” without the account name in order to powerdown all stakes (useful if you stake to multiple Steem accounts).

As Above,. Send any amount of BUILDTEAM tokens (such as 0.001 BT) to the buildteamvest Bitshares account, with “stop powerdown {Steem account name}” in the memo field. Or simply write “stop powerdown” without the account name in order to stop all active powerdowns (useful if you stake to multiple Steem accounts).

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 had the desired effect, you can verify your current stakes at any time by checking this public Excel spreadsheet:

Buildteam Vested Shares Spreadsheet

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

Staking is completely automatic so it’s important that people fill out memo fields exactly as instructed. Problems can be corrected, however this is a time consuming manual process, and Buildteam does not monitor the staked shares for errors. It is the stake holder’s responsibility to reach out for support as needed.

Buying BUILDTEAM token example screens remain from current site layout.