RE: Upvote Shares | Updated Upvote Percentages & Tribe Upvotes

[deniskj]

This is an interesting idea. I had tried something similar on Steem years back but the community I was supporting was not as dedicated.

I think the only thing that is not quite clear is, i.e

1. Cost of a share?
2. Does 10 shares entitle you to a bigger vote than lets say 2 shares?
3. How to apply?

Comments

[costanza]

1. For Level 22 which is about to open, 1 Share will cost 4.52 HIVE (+0.30 HIVE Entry Cost which will be used to get delegation). The 4.52 Hive is not lost and can be fully recovered in case the project would ever come to an end (see Steem refunds). It's also at any given point possible to sell it to someone else.

1. Each share will give a minimum upvote of 0.95% (1000%/1150 shares) so 10 shares give a minimum of 9.5%. The actual upvote % will be set at 2.8% for each share because of the way the model provides value to shareholders. Depending on how many shares you have you will get 1 weekly or 1 daily upvote. (you can see all the upvote percentages shareholders get in this post and everything can perfectly be calculated in term of returns).

2. You can reserve shares or request them once I make the post where Level 22 opens up (probably tomorrow)

[deniskj]

This is a perfect description. I assume the upvotes come from the upvoteshares account?

I would like to reserve 4 shares to start with.

[upvoteshares]

ok, your shares have been reserved. Upvotes will indeed come from the @upvoteshares account. I'm almost done with the post but will finish it tomorrow evening or wednesday.