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Announcing a BIG change to BUILDTEAM tokens by buildteam

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· @buildteam ·
$167.70
Announcing a BIG change to BUILDTEAM tokens
<center>![](https://steemitimages.com/DQma1sZz4tuYqbCEjLCWTRmPkhQPnv6N81qUMXAtFTktyDz/image.png)</center>

Hey everyone, @bulleth here with some big news on behalf of BuildTeam :)

From 1st of December, we will be moving away from the current auction system and transitioning to a Proof of Stake (POS) system. The monthly profit pot will continue to be announced and distributed each month, but you will no longer forfeit ownership of your tokens by participiating.

Although we had some great success early on with the auctions, the model was too vulnerable to last minute "sniping" and the co-operative game did not always function as envisioned. We believe our new POS model will add significant long term value to the token, shifting the focus away from short-term monthly gains. After all, BuildTeam's projects are still very young and the profit pot has been proven to have grown each and every month - is then a short term mindset really appropriate? 

## How will the POS model work?

When Steemit Inc launches Smart Media Tokens (SMTs) in 2018, BuildTeam will be moving our tokens to this new platform. Other than supporting the Steem network, the primary reason for this change is that SMTs will have a vesting (Power Up) fuction simillar to what the Steem network currently has with SP. This is how we will handle staking: powered up tokens will be considered staked and will be eligible for proportional payments from the monthly pots. Also just like with SP, staked tokens will be subject to a 13 week power down process - this encourages a longer term mindset and prevents people from agressively gaming the payout date. 

In the meantime we will simulate vesting on our current Bitshares token via a custom Python script that will automatically return your staked tokens to you over a 13 week period upon request. We will do a more detailed post on the POS mechanics as we get closer to December. If you have any questions in the meantime, feel free to ask in the comments sections below or reachout on our [discord server](https://discord.gg/EDQhwHw).

# The final auction

Since we are moving to a POS model in December, the November auction will be the last auction ever! The profit pot is already looking quite big, but considering the tokens will have long term value after December, it would not be wise to bid all your tokens in the final auction. Just like with previous auctions, the best result will be achieved if everyone limits their bids to a modest size. Let's all work together and try and ensure a good result for everyone in the final round!

Thanks guys!


---


### How do I buy BUILDTEAM tokens?

Check out this handy video tutorial:
https://www.youtube.com/watch?v=gcSmZ9013pM

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-3700-steem-bidding-is-now-open

### 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.

## 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: 

<center>[<img src="https://steemitimages.com/DQmV3vq9X1LuEx1JeHCxPMTSyYDeM8MoaMXe2udAUCPM7B6/image.png">](https://discord.gg/EDQhwHw)</center>

---

# Visit our flash new website! https://buildteam.io

---

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.
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@maintain4real-eu ·
$1.05
Hello @buildteam

You have been doing a great job for the steemians and the community as a whole to have a taste of buildteam token.
I believe the new POS model will add significant long term value to the token by shifting the focus away from short-term monthly gains to long term gain and by the way granting steemians access to enjoy more of the service.

Keep the good job going.
@maintain4real-eu
πŸ‘  , ,
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@thecryptodrive ·
Much appreciated, thanks for your support and kind words!
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@angelsmith ·
good new guys
πŸ‘  
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@syedabuabdillah ·
It's really great opportunity
πŸ‘  
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vote your-acct "syedabuabdillah" "re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t073823723z" 100 true
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@tech-trends ·
Yup great opportunity to buy these while they are cheap
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@syedabuabdillah ·
yes this is what i wanted to say
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@sanjeevm ·
$0.08
This will be certainly a big improvement. Because earlier there was always a possibility of losing as a result of a large bid at last minute.
πŸ‘  
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@tech-trends ·
Yes ... taking that into consideration we have decided to take the direction of POS
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@bestrahul2017 ·
i hope you instruction me. how to make steem power
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@chairil05 ·
@Buildteam sukses selalu, good job bos
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@mohit670 ·
LETS MAKE US A COMMUNITY TO PROMOTE EACH OTHER BY GIVING UPVOTE

STEPS :

GO TO EACH ONE ARTICLE AND UPVOTE HIM OR HER BECAUSE DOING UPVOTING CAN NOT LOSE YOU A PENNY.
LINK OF MY LATEST ARTICLE-https://steemit.com/las/@mohit670/las-vegas-casinos-have-no-clocks
πŸ‘Ž  
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@emily7 ·
Fantastic post!
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@princeshady5 ·
$0.04
This is a nice opportunity
πŸ‘  
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@drwom ·
Awesome news
Congrats again BuildTeam!
You guys rock!
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@sarah5 ·
Really very cool post and knowledgeable love it
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@hms818 ·
$0.09
This is definitely great news!
πŸ‘  
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@bitopia ·
$0.08
Great work you guys are doing, I used minnowbooster for the first time yesterday and see that great work is being done, I do not yet fully understand what you guys are about but will definitely put in the time to learn more about @Buildteam. Cheers!
πŸ‘  
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@tech-trends ·
If you face any problem in understanding Buildteam then hit us up on our Discord :)
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@damoah ·
Very nice pies , how do i join the team
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@hassanshahid ·
Good job . Keep it up
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@joythewanderer ·
Great project, good to know you'll apply SMTs. Looking forward to BuildTeam project.
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@felander ·
$0.10
well I have just bought a bit of buildteam coins and will be participating in the last auction and then staking the coins
I really have faith in the stuff you guys design and the good ideas you come up with...  So showing my support by buying your coins AND getting some extra income
not a lot of downside for me there
πŸ‘  ,
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@tech-trends ·
Thank you for believing in our project and support :)
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@mirmining ·
<html>
<p>Morning all , i just want to say, upvote is free and you not paying for it, you guys can help each other to earn more money.</p>
<ul>
  <li>Voting is free</li>
  <li>You don't pay for vote</li>
  <li>We all can help each other to earn</li>
</ul>
<p><img src="https://scontent-arn2-1.xx.fbcdn.net/v/t1.0-9/22555051_361580334264918_2525253483613386984_n.png?oh=d3096bc8fb76927859467a9b0eba43a4&amp;oe=5A80440C" width="896" height="620"/></p>
<p>Best Regard<br>
Mir</p>
</html>
πŸ‘  ,
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vote your-acct "mirmining" "re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t105852301z" 100 true
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@reggaemuffin ·
Have you learned about voting power yet? :)
πŸ‘  
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vote your-acct "reggaemuffin" "re-mirmining-re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t105852301z-20171020t13597367z" 100 true
post_comment your-acct "re-reggaemuffin-re-mirmining-re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t105852301z-20171020t13597367z-20181114t141122267z" "reggaemuffin" "re-mirmining-re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t105852301z-20171020t13597367z" "" "your reply.." "{}" true

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@mirmining ·
No , I’m new here , how it works?
πŸ‘  
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vote your-acct "mirmining" "re-reggaemuffin-20171020t145015728z" 100 true
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@theaustrianguy · (edited)
Short summary: You don't have infinite worthy votes so "We all can help each other" isn't always true ;)

P.S: Please stop spamming your comments!
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vote your-acct "theaustrianguy" "re-mirmining-re-reggaemuffin-20171020t230357470z" 100 true
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@jennifer7 ·
Nice... Cool!! Steem On!
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vote your-acct "jennifer7" "re-buildteam-20171020t115845649z" 100 true
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@screenname ·
Re: Announcing a BIG change to BUILDTEAM tokens
<p>This post has been ranked within the top 10 most undervalued posts in the first half of Oct 20. We estimate that this post is undervalued by $59.12 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-oct-20---part-i">The Daily Tribune: Oct 20 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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vote your-acct "screenname" "re-announcing-a-big-change-to-buildteam-tokens-20171020t133259" 100 true
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@simnrodrguez ·
$1.16
### Spanish version of this BuildTeam publication / VersiΓ³n en espaΓ±ol de esta publicaciΓ³n
**https://steemit.com/buildteam/@simnrodrguez/se-ha-anunciado-un-gran-cambio-en-relacion-a-las-fichas-buildteam**
πŸ‘  ,
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vote your-acct "simnrodrguez" "re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171020t155342647z" 100 true
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@tech-trends ·
Thank you :)
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@decentropia ·
$0.12
@buildteam is going to be one of the largest SMT in steemit. I like that it already working as a successful prototype as predecessor to SMT.  Great job guys for great services :)
πŸ‘  , ,
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vote your-acct "decentropia" "re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171021t040829400z" 100 true
post_comment your-acct "re-decentropia-re-buildteam-announcing-a-big-change-to-buildteam-tokens-20181114t141122276z" "decentropia" "re-buildteam-announcing-a-big-change-to-buildteam-tokens-20171021t040829400z" "" "your reply.." "{}" true

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@tech-trends ·
Yeah I can feel that too ... Thank you for your support :)
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@matthewhalder ·
Thank you for your informative post. Really appreciate !
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@arcange ·
Congratulations @buildteam!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171020) in the following categories:

* Upvotes - Ranked 3 with 761 upvotes
* Pending payout - Ranked 7 with $ 178,75
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@arcange ·
Congratulations @buildteam!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171020) in the following categories:

* Upvotes - Ranked 3 with 762 upvotes
* Pending payout - Ranked 7 with $ 178,33
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@molometer · (edited)
This post was really helpful and the video was spot on. I've been trying to get some more buildteam tokens after winning a bunch in @thatindianlady photography challenge but could not buy in from the UK. 
Using this SBD method solves that issue. 
I could do a post on this and use the video if you don't mind as I can't resteem it.
Alternatively I could just funnel people to this post? Your thoughts? @builteam @bulleth
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@steemitboard ·
Congratulations @buildteam! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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@raymondspeaks ·
Ah, this is perfect. This is a far better system than the last!
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@tech-trends ·
$0.03
### Read this post in Hindi 
#### https://steemit.com/buildteam/@tech-trends/crib5
πŸ‘  
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@hubteam3 ·
### Italian version of this Buildteam publication / Versione italiana di questo post Buildteam

https://steemit.com/buildteam/@hubteam3/si-annuncia-una-grande-modifica-per-i-token-buildteam
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