The moment we've all been waiting for is finally out!
The ideology behind Build-it remains solid and outstanding amongst other projects/tribes on the Hive Blockchain. With this in check, it's safe to say this project remains the hidden gem that will not only skyrocket itself but Hive Blockchain in general into new heights.
What makes Build-it a Hidden Gem to Hive Blockchain?
- Market Value
In 2020, Home centers' sales in the United States amounted to an estimated 300 billion U.S. dollars. This is an increase of about 15 percent compared to the previous year. The total sales of all three home improvement store types in the country combined reached over 450 billion U.S. dollars that year
Interestingly, DIY products and services range from arts, home maintenance, handmade crafts, painting, carpentry, and many more creative crafts and lifehacks. At Build-it, we want to bring DIY'er from all spheres of the world into one accord, using our newly created robust token BUIDL to reward, support and distribute to the millions of DIY'ers out there.
- Poverty Reduction
Thanks to Hive Blockchain for their unique reward system which we will be implying to spread wealth and power to the masses that care. Using our Robust digital token to reward and support DIY'ers for their DIY project/tutorial, then it's very safe to say this project has what it takes to bring financial equity to the world we live in.
- Onboarding the masses
Onboarding the masses will always remain a priority and goal for us at Build-it. Looking at the DIY space, there are millions of people doing amazing things with their bare hands which in turn will bring great value to this world. As we go all out fishing in DIY'ers into our platform leveraged on Hive, educate them on the Pros and Cons of crypto, why they should turn fiat into crypto (HIVE and BUIDL), then it's safe to say both Hive and Build-it can turn out to be a multi-billion project.
Introducing 'BUIDL' the new official native token for Build-it Tribe
BUIDL will be the official token for projects/tutorials posted on our website https://www.build-it.io/ and more. There are so many things we'll be doing with BUIDL token in an attempt to reward our valued holders.
Why are there so many Build's in total supply (10trillion)?
Basically, considering the huge market value behind this project, we felt there's a need to print that high amount. Inasmuch as we want to spread wealth across thousands and millions of DIY'ers across the globe, we do need a significant amount of tokens hence the huge supply. Interestingly, we will be burning a certain % overtime to keep price stability fair and also keep its value in check.
| Source | Token | % of total | ||
|---|---|---|---|---|
| Airdrop | 500,000,000,000 | 5% | ||
| Team | 500,000,000,000 | 5% | ||
| Dev | 500,000,000,000 | 5% | ||
| Advisory | 200,000,000 | 2% | ||
| @build-it.charity | 1,000,000,000,000 | 10% | ||
| Project Reserve | 4,000,000,000,000 | 40% | ||
| Partners/investors | 2,000,000,000,000 | 20% | ||
| Liquidity | 13% |
What happens to my old BUILD tokens since they will be worthless
Thanks to @eonwarped, we'll be executing a mirrored airdrop at a ratio of 1:1 snapshots of OLD BUILD tokens will be taken on Thursday, July 22nd @ 3:30 GMT. For the sake of avoiding dumpers of the new BUIDL tokens, users with staked BUILD (old tokens) will receive the new token airdropped in their Hive account as staked.
After a 2 hours conversation on the phone with @eonwarped, we concluded it will be best to airdrop the new tokens to holders of old token holders as staked. This is to prevent immense dumping which will indefinitely tank the price of the new tokens.
How do I claim the new tokens?
Literally, if you have the old BUILD tokens staked, you will automatically receive the new tokens into your hive account at a snapshot ratio of 1:1. Understand, if you have LIQUID BUILD you will not receive any new tokens, all you have to do is staked your old build before the snapshot so as to receive the new BUIDL tokens respectively.
Also, if you have no old Build as well, you can purchase some off the market on HIVE ENGINE, or TRIBALDEX and stake them in an attempt to receive the new BUIDL tokens.
Great!
!gif build
Via Tenor
Its obvious @build-it community is heading in the right directions, really proud of this developments.
For me I think it even makes more sense to stake the OLD BUILD Tokens for the new tokens, looking forward to this awesome features.
Meanwhile the markets is open for more cool options on BUIDL token HIVE ENGINE or TRIBALDEX
While i invite you to check our discord server.
Feel free to interact, comment and ask questions on discord as there are lots more features you don't want to miss.
Nice!
what happens if i have my build tokens delegated out?
It counts as your stake. If you have any pending unstaked, they also count as staked.
cool as i have 85k build-it tokens
Hi. When this all changed over i was away from the computer for and did not know about staking these token? Am I still able to convert them to the new token at the same rate?
No, snapshots have already been taken and tokens distributed. New tokens are available on Hive-Engine and TribalDex, ticker is 'BUIDL'.
Is it possible to look at the block chain and see the account values for the entire community and honor the token that way?
Not sure what you mean. Shoot me a DM on discord https://discord.gg/SUEZfsfJQb I’m
Oghie1#1412on there. ThanksHi I do not use Discord