What is the @buildawhale PreVote Club?
The @buildawhale PreVote Club is a service that allows our members to vote on posts before we come around with our $48 @buildawhale vote. This allows you to get awesome curation rewards knowing there is a vote coming. It also rewards @buildawhale members with additional votes.
It costs nothing to join, but you do need to have at least 500 Steem Power. The more Steem Power, the larger curation rewards you can earn.
How does it work?
When someone submits a bid that reaches our minimum threshold, we vote with all members with more than 90% voting power before @buildawhale votes. This allows club members to get guaranteed curation rewards.
We will only choose members who have at least 90% voting power in normal situations, but we also have a Feeding Frenzy mode. If we receive a bid that meets or beats our largest bids we will bid with everyone to take advantage of the larger than average curation rewards. This only activates for very large bids but may result in you going below 90% but will be capped at 80%.
If you manual vote, you will decrease the frequency of club votes. You can prevent this by creating a new account and delegating the amount of steem power you want to reserve for PreVote Club.
Everyone using @buildawhale will see more votes and ultimately more rewards for their posts. Club members will earn curation rewards automatically.
What do I need to do?
To sign up @buildawhale PreVote Club we need your private posting key. This key does not have access to your funds or Steem Power. It can only be used to Post and to Vote, but we only will use it for voting.
We have a Google Form that you need to fill out with your username and private posting key. This is not our favorite way of doing this, but Steem Connect requires your active key and this is how other FrontRunner guilds handle it. At any time you are unhappy, you can change your posting key and we loose access to the ability to vote from your account.
Sign-Up for @buildawhale PreVote Club
Cool initiative!
Count me in.
Lets see if it works Good for all :D
Man this is just Genius!
Buildawhale getting better and better each day!
It sure is a win-win scenario, where both sides are benefited.
Good thinking guys!! 😊
Thanks :)
This is such a beautiful pic I have ever come across, I this it's toy but really getting all my attention. I love it.
I really appreciate your all efforts.
not sure if that comment is a troll or serious haha
Excellent work, thanks buildawhale
This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
Great post
it's not clear to me... and you want the private posting key? i'll have to say no
Completely understandable.
To explain it, it works like booster's frontrunner guild. We will vote using the accounts in our club on posts prior to our vote. Basically the moment the bid comes into our account, we will have the accounts in the club vote on it. Then when we vote at the end of the window everyone gets curation rewards for our vote. The people bidding win because they get more votes as well.
I understand the concerns with the private key, I would rather use SteemConnect but that uses Active Key which I wouldn't recommend anyone hand out. The only thing that can be done with the posting key is to upvote/downvote and post new posts. Changing the posting key remove that's permission. A lot of services like SteemVoter, FrontRunnerGuide, Streemian (although they require active key due to using SteemConnect) use your posting key.
At no time do we have access to funds or powering down, and this is more for people who don't do well actively curating with their account or just want more curation rewards. If security is a concern, but you still want to take advantage of this, you can create a new account and delegate steem power to it. You can then use that account for this service, this also works well if you only want to use a portion of your steem power for voting, but also want to continue manually voting.
I understand this isn't for everyone and there are ways to provide additional security (making a new account and delegating) but it can be canceled anytime by resetting the posting key (which can be done via CLI or just changing your password). This is a not a new idea, a lot of third party services use posting key for providing different services and other boosters have a similar guild.
At no time will we use the posting key for anything but automatically voting before we vote. As a witness and someone who has built a lot of goodwill in the Steemit community, I promise you that, but I completely understand.
I'd be happy to answer any questions, but that I think covers it well.
thanks, it sounds cool, but i'll still pass for now / maybe when steemit has the feel of being more completely secure, etc. / peace
I don't have 500 steems but still wanna participate... :P ;)
Right now it is limited to accounts with 500+ SP.
This is undoubtedly one of the best automated initiatives out there. And it does maximize bots the correct way. Awesome job, @buildawhale!
Now to hit 500SP first and then I will join this project as one of the very few automated projects I do support. Well... 5k SP rather, gotta give Big or go home, but that will take a little longer.
awesome - I am in - I don't get to vote all of the time so this is a perfect solution for me to increase my curation rewards
Sounds like a plan. If Paula's in I'm in.
Thanks for all your great work here making steemit a better place.
Unfortunatly I'm in power down mode and will be below 500 in a couple of weeks. It's only a short term thing, then buy buy buy.
I'll be all over this great deal.
Thanks again
This is for sure a great opportunity I do want to join but I'm wondering you mentioned:
"you do need to have at least 500 Steem Power"
Isn't?
Great idea. I only have 379 though, maybe make a buildaminnow club for people between 2 - 400 ?
Great Initiative specially who want to get appreciation by most active community.
That's cool! 😎
This sounds good! I’ll have to do some more research and find out if it’s for me to join! I’m still learning right now, and no where near that steem power.