#buildteam

BUILDTEAM Tokens now trading on Steem Engine

The BUILDTEAM token is how BuildTeam pays developers, translators, and everyone else who contributes to our projects. While it's possible to trade the token, staking it provides you with a passive STEEM income on a bi-weekly basis.

Until now, the BUILDTEAM token has only been tradeable and able to be staked on BitShares. But as a team that's focused on the Steem blockchain, we decided that there should be the option to do the same on Steem Engine.

Because of this, we've worked on a BitShares/Steem Engine gateway which now allows you to convert BUILDTEAM tokens back and forth between the two.

How can I buy BUILDTEAM Tokens on Steem Engine?

If you want to buy BUILDTEAM tokens with STEEM, you can do so via the Steem Engine market, the same way you would buy any other token available there.

You can easily see what the current supply and demand for the token is, including the 24h trading volume.

How does a conversion work?

To convert BUILDTEAM tokens from BitShares to Steem Engine, you will have to send them to the buildteam.gate account first.

Simply enter the amount of BUILDTEAM tokens you'd like to transfer, and include the Steem username of the account you want to transfer the tokens to in the memo.

To convert BUILDTEAM tokens from Steem Engine to BitShares, you have the choice between using Steem Engine directly, or using Steem Keychain.

Simply send the BUILDTEAM tokens to buildteam.gate and include the BitShares username of the account you want to transfer the tokens to in the memo.

Steem Engine:

Steem Keychain:

Things to keep in mind

While Steem blockchain transactions only take 3 seconds, our gateway might need a maximum of 10 minutes to process your transaction. It's likely to happen faster, but please keep that possibility in mind.

If the transaction takes longer than 10 minutes, or if you forgot to include the memo/entered an incorrect memo, please contact our customer support on Discord! At this point in time, we can only do manual refunds, but are working on an automatic refund feature for the future.
Please note that, as is the case on every exchange, transfers to the wrong account cannot be refunded. Double check before clicking "send" that all information you entered is correct.
The minimum amount that can be transferred is 1 BUILDTEAM token. If you send less, your transaction will not be processed.

Instead, the gateway will accumulate transactions smaller than 1 BUILDTEAM token and will send the combined amount to the destination account once the minimum threshhold is reached. Your tokens will not be lost!
BitShares has transaction fees which you will have to pay if you send from BitShares to Steem Engine. The gateway itself does not have fees, so if you send 1 BUILDTEAM token, you will receive 1 BUILDTEAM token on Steem Engine.

It's a little bit different if you send it the other way, because then the gateway will have to pay the fee. In that case, the transaction fee will be subtracted from your transaction amount. The fee depends on what the current BitShares network fees are, but is typically close to 0.5 BUILDTEAM tokens. As a result, you will receive a little bit less on the BitShares side than you sent via Steem Engine.
The staking process is not changed for the moment. Staking can only be done on BitShares, but we're working on a staking option on Steem Engine. Right now, there is no timeline for when this feature will be available, but we will keep you updated!

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Comments · 15

@crypto.piotr(65)· 2575d
Dear @buildteam

Thank you for providing me with link to this old publication with me.

Would you mind sharing with me if buildteam token supply is fixed or will it be growing?

I'm just learning about your project and Im trying to figure out what would be utility, where demand would be coming from, where selling pressure would come from too. What's the supply etc. Need to figure out inflation to at least roughly understand your business model.

Yours Piotr
@angelica7(76)· 2584d
Es una excelente noticia, buena vibra para todo el equipo y felicitaciones por esta gran paso.

Posted using Partiko Android
@arcange(79)· 2613d
Congratulations @buildteam! Your post was mentioned in the Steem Hit Parade in the following category:
- Upvotes - Ranked 5 with 1496 upvotes
@flaxz(75)· 2613d
Well done, this is the right decision for you and for Steem, it will make it way easier for many more people to participate, stay awesome.
@steem-plus(74)· 2614d
Hi, @buildteam!

You just got a 0.24% upvote from SteemPlus! To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn. If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
@newageinv(74)· 2614d
Great news! An easier way to increase stakes! Looking forward to seeing the continued development!

Posted using Partiko iOS
@felander(73)· 2614d
just a few small questions:
- Are the BTS-Buildteam and SteemP-Buildteam linked in any way? or are they totally different markets (with possible arbitrage possiblilities)
- Is buildteam providing some of the liquidity on Steemengine or is that just the users.
- Will the buybacks happen on Bitshares alone or on both exchanges?
by the way, I am a big Builteam fan and like the cool passive income you provide twice per month. Have been steadily accumulating for a long time now
@eturnerx(69)· 2614d
Great progress! A staking option on steem-engine would be amazing.

Posted using Partiko Android
@raycoms(71)· 2614d
Just tried it out, works almost instantly.
@bafi(68)· 2614d
I've been staking BT tokens since October 2018 with great results. This is an amazing opportunity to get BT tokens in a simpler way!
@ash(74)· 2614d
would be cool if you could just use the steem-engine stake function... :)
@steemitboard(66)· 2614d
Congratulations @buildteam! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 90000 upvotes. Your next target is to reach 95000 upvotes.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking} _{If you no longer want to receive notifications, reply to this comment with the word STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@steemitqa(64)· 2614d
Look good guys!
@masterthematrix(61)· 2614d
Nice, the Buildteam Token has been a great success so far I'm glad that you took it to Steem Engine DEX.
@julisavio(70)· 2614d
Greetings, buildteam

Excelente news. I buyed 8 buildteam token now at steem-engine

Lets see how it works

thank you