Staking Bitshares To BEOS? More Tokens Being Airdropped
For those who are involved in the BEOS project, there was some news released today.
Those who staked Bitshares the past few months were rewarded with a "raindrop" of BEOS tokens. This is how 5/7 of the BEOS are being distributed. There is no ICO/IEO, thus, when the raindrop ends, all tokens will be distributed. The remaining 2/7 of the 3B+ total is being retained by the foundation (non-profit) that is going to use the funds for legal defense of developers (and others) targeted by the SEC.
The token distribution is soon coming to an end. There is incentive to keep the BTS stakes since there will be another 80 weeks (if memory serves me correctly) of RAM drop. Those who were receiving BEOS were also getting RAM throughout. This will continue.
There is an added incentive. According to @michaelx, those who keep their tokens staked will now receive BTSMD tokens. This is going to be dropped in addition to everything else. Personally, I think this is turning into a pretty good deal.
So what is BTSMD? It stands for Bitshares Media. It is another social media application that is being constructed using, in part, the Bitshares network.
There are a few interesting features that the team is proposing.
At this point, I am not sure what the distribution ratio will be nor how long the new drop will last.
How is all this possible?
Simply put, the BTS that is staked is able to qualify for the drop of BTSMD. Since it was in an offline wallet, @blocktrades moved it for the snapshot. Hence, all the staked BTS was (will be) rewarded with the other tokens. This is something that the BEOS team is now using as an incentive to stake the tokens for a longer period of time.
This is a really smart approach in my opinion. To start, it shows some character to turn the tokens over to those who staked with you. Often, exchanges and such just keep the tokens that are airdropped.
Also, staking is one of the best ways to "buy time". With new projects, it takes a while for development to take place. Token holders tend to be impatient especially when said tokens were airdropped. Many are in for the quick hit and will dump.
This adds another layer of incentive to help keep people in the fold. Essentially, to maintain much of the consistency as before, simply pay (or incentivize if you prefer) people to keep their tokens with you.
It is smart on the project team's end and also a good deal for the token stakers. This is how wealth is built. By putting one's tokens to work, one is already in a fine position with the BEOS payout. Add in RAM and now some BTSMD, and you see quite a haul for those Bitshare holders who decided to stake.
The BEOS team is working hard to create an abundant future for all those involved.
Thankfully, I count myself as one of them.
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To be honest the project looks kinda all over the place and the website is full of google translate errors. I will take the free coins but am not expecting much. If I stake my BTS or keep it in my wallet is the same
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Same here.
I'll keep staking....thanks...
I’m so glad I stayed on the second day that I was able to. Would have hated to have missed out on any more than that first day. I saw your post back when it was first going down, so thanks.
I will continue to stake my bts, I’m getting all the free tokens I can get!
Hi @taskmaster4450
I hope you won't mind this comment (it's not really related in any way to your current publication).
I've been just wondering if you joined PALnet airdrop (PALnet is a token build on Steem-engine).
If you didn't claim it then perhaps I could ask you for small favour. Would you consider claiming your tokens and selling or delegating it to me for few months? I would obviously pay you some STEEM for those tokens (I can even pay for delegation - I want to invest some time and money into that platform).
How to claim your token?
a) login in http://palnet.io/ (it's build on STEEM blockchain, so you will use same login details)
b) login in steem-engine.com
c) claim your tokens -> to do that you need to open steem-engine.com and go to "wallet". In left-top corner you will have PALnet (blue colour) logo. Click on it and claim your PAL tokens.
d) go to your palnet wallet and either transfer your PAL tokens to crypto.piotr or STAKE it and delegate to me (click STAKE and then "advanced" and simply type in my username).
Amount of received tokens depend mostly on your current level of SP (I'm not sure if delegations are being taken into consideration as well).
So based on my current experience, if you have 200 STEEM POWER then you should be able to receive something around 100-150 PALnet tokens.
I would pay you 10 STEEM for purchasing each 100 of those PAL tokens. So basically you can earn something and help me grow on this particular platform, making both of us happy :) Plus you would sell/delegate those tokens without bringing down their current price (you won't need to dump them on exchange).
You would earn some extra STEEM and I would have higher STAKE in this platform.
I've only 500 STEEM I can spent on that purpose (plus airdrop will not last forwer) so HURRY UP :) :)
Cheers,
Piotr
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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They don't really have much of a "white papper", and they're lying saying it's a separate blockchain when it's a UIA.. I want this to be successful, but they obviously haven't done any due diligence...
I had intended to stake until I maxed out the RAM airdrop. I’ll probably stake even longer until I see a use for BTS or BEOS.
Posted using Partiko iOS
Thanks for the link and the background information. Looks interesting, and yet another good incentive to keep BTS staked.
😄😇😄
