Hello, I am Eirik and I am with WhaleShares from the start. With many great people like @patelincho, @jphenderson, @akrid, @rondonson, @alexpmorris, @nepd, @walterz and many more we built an amazing discord WhaleShares community of over 1000 people now - helpful, kind and just lovable!
Sometimes a new member comes to the discord and ask for help. We don't denie people like him and tell him to get the help elsewhere. We are trying to help as much as we can. Some people are not that good with computers or cryptocurrencies and you have to guide these people. However they have to listen what you are saying and they have to try to understand or it will not work.
There is video down below that is going straight to the point of how to use WhaleShares! For some people visuals are easier than text. The video works also for BeyondBits.
Also If this post will still not be enough for you and you want to know more information about the project or actually anything, please join our WhaleShares discord and we will help you out.
https://discord.gg/zsdWYQX
If you still don't know, the WhaleShares is a project from the @OfficialFuzzy – the cofounder of BitShares. WhaleShares is not just a token, but also a community of people.
These tokens have their own value. Their ability is that you can "convert" them to a whale vote to a post you choose.
1 WhaleShares token is 1% of the whale vote. This can help you massively. No more of being depressed after you spent days on your amazing post and nobody saw it. :)
TL;DR – WhaleShares tokens can increase your post-payout and thus increasing your visibility on steemit. But it is not their only advantage.
Another advantages of WhaleShares are:
- It is also a community.
- 100% upvote is possible from more whales on the same post (WhaleShares and BeyondBits).
- You can get more than what you paid for. With some other projects you always end with a loss.
- Hot/Trending tab is possible.
- Free contests and giveaways.
The one big disadvantage of WhaleShares could be that you have to use DEX - decentralized exchange. WhaleShares are only possible to get on BitShares/OpenLedger decentralized exchange. For some this is actually an advantage as this is much better "cold storage" than having them on centralized exchange such as poloniex.
What I need to get some?
The most important thing is to have BitShares or OpenLedger account ready. It does not matter where you register as if you register on OpenLedger you are also registered on the Bitshares Exchange and vice versa.
Pick your side :)
To make it as easy as possible the account model is the best. To login you just need your account and your password. With wallet model your wallet is restricted to current computer and browser. Amazing security but also you can lose your coins very fast if you are not very computer skilled.
The creation of the account model is easy as 1 2 3
How do I get some WhaleShares now to my wallet?
With account ready it is time to get some WhaleShares.
There are 3 ways how you can get some:
- Contests.
- Being lucky.
- Buying them from the DEX.
The project is still very new and the best way how anyone can promote anything is giving people a free samples. Even right now you can join few contests where you can get those WhaleShares or even BeyondBits for free!
Like this meme contest: https://steemit.com/whaleshares/@jphenderson/whaleshares-meme-contest-4-last-week-s-winners
Being on WhaleShares discord and being active member of the community can get you some free whaleshares. Sometimes you can get them in the voice chat when OfficialFuzzy is online (although I didn't get my WhaleShares for quite some time now :P fuzzy has probably forgotten :D, but it's fine! :)), or type your bitshares/openledger account in the discord when a mod or admin say "All hail the Red Queen".
You can read more about it here: https://steemit.com/whaleshares/@jphenderson/whaleshares-secret-phrase-2
This is the hardest part of how to get WhaleShares, but also the one you will be using the most. Many people just don't know how they can buy Whaleshares on the BitShares/Openledger exchange. DEX can be very hard to use for a new people, but when they get into it they will understand the strength of DEX and will love it.
The main currency on the DEX are BitShares. The best way how to change your Steem/SBD to BTS is by using blocktrades.
https://bitshares.org/wallet/#/market/WHALESHARE_BTS
I have WhaleShares, what now?
You should also check the voting power of those whales and if it's worth it for you to use those tokens right now or if you should wait and let those whales recharge before using them. Less voting power means that the upvote is less worth.
Great site for it is: https://steemnow.com
The calculator is here: https://steemnow.com/upvotecalc.html
If you did not get the vote, please head over to WhaleShares discord and we will find the error.
Many people don't know that you can use both tokens, WhaleShares and BeyondBits, on their posts and thus increasing it's visibility and post-payout even more.
WHAT ARE BEYONDBITS?
BeyondBits is an another token in the WhaleShares project. The features of these tokens are the same as with the WhaleShare tokens. In other words you can use them to call a whale to upvote your post and as with WhaleShares is one token worth 1% upvote. The biggest difference is the whale that will be doing the upvoting. Every token is linked to different whale and BeyondBits tokens are linked to fuzzyvest.
WHY IS THERE ANOTHER TOKEN? ISN'T ONE ENOUGH?
If you want to join the WhaleShares project as a whale, you have many options how to do so. Every one of these options have advantages and disadvantages.
FIRST OPTION
You can delegate some of your steem power to whales that are already in the project, like officialfuzzy. The problem with this option is that you are not getting the curation rewards and you also don’t earn anything. You can pretty much say you donated this steem power to the project. However this project can not only help minnows, but also the whales.
SECOND OPTION
You can trail your votes to the whales in the project. Advantage of this option is that the steem power is still on your account and so are the curation rewards. With this option you are increasing the power of current tokens as you have added your steem power and thus increasing the potential rewards that people can get by using those tokens.
THIRD OPTION
The third option is probably the best.
This option is about having whale with it's own token on the DEX. You can set the parameters like name, maximum supply and choose for how much it will be selling on the market. You are the boss of your own tokens so you can even choose how your tokens will be distributed. And there are a lot of ways how you could do that. The best thing is that you will not even want to power down as a whale, because your SP is actually a marketable now. It is a win-win scenario for both sides.
WHERE CAN I GET SOME BEYONDBITS?
Or you can just click this link to go straight to the market.
https://bitshares.org/wallet/#/market/BEYONDBIT_BTS
You can also exchange your WhaleShare tokens to BeyondBit tokens. https://bitshares.org/wallet/#/market/BEYONDBIT_WHALESHARE
ARE BEYONDBITS WORTH IT?
You can buy 1 BeyondBit for 1.42 WhaleShare right now, but you really have to calculate. BeyondBits are much stronger than WhaleShares, because they are linked to much stronger whale. However it is very important to check the voting power of them both and pick the one with more voting power to maximalize your ROI.
This is just a start though. The project is still very young. With more whales in the project there will be many more tokens and every one of those tokens will have it's own value, popularity and demand. I would say WhaleShare tokens are like a main currency of this project so holding as many of them as you can is a good idea, because later you can use them to get some better tokens with really good price.
Like 1 WhaleShare token for 1 BeyondBit token. It will probably not go to 1:1 exchange rate again as the value of buying them for such a low price was just too big...
Video for fast explanation of WhaleShares.
If you put the video on 2x speed you can know everything about WhaleShares in about 4 minutes!
Thank you!
Do you want to ask about anything else? We got you, just come to our discord channel! :)
I had no idea that you could use whaleshares on Golos as well.
It's pretty cool, but those accounts don't have a lot of voting power on that blockchain, sadly. Anyway, that is a very detailed article, I'm glad it exists.
You can? Even I didn't know that! :)
Thanks!
Yeah haha I saw that on the screenshot you provided! It says: "copy/paste target steemit/golos url" so I assumed you can?
top post man
Yes this was great explanation post. I always wondered about whaleshares but never understood it. I totally get it now. Im going to bookmark this and Resteem.
Didn't know it.. but was also looking how some posts really get this massive votes..
been lounging on and off the whaleshares discord channel and since I did not have the chance to really engage, I did not quite understand how it works until now. Thanks, @eirik. Hope to try this out soon. :)
Hey arrlinn,
it is actually fun to try them for the first time, because you don't know what to expect. However after a while you will love them... :)
yeah, seems really fun and interesting as well. I sure hope to be able to try it out soon.
Best post I come across today. We do need whales as starters but is there any work being done to make this process a lot easier as some would like to use whaleshares and steemit without having to go through DEX etc etc? @eirik
Well the process is much more easier now with whaleshares.net and also many, many really good guides.
But maybe in the future it will be possible to just give Steem/SBD to somebody who will do all the work for you. :)
Woooowww... great explanation.. very clear... i will be one of ypur followera always... upvoted... resteem... can i have your discord channel?
https://discord.gg/zsdWYQX
See you there kenny! :)
Thanks for this guide. It's all a bit complicated, but I like what you guys are doing. I joined the Discord, too!
Amazing! I am glad we have you! :)
its easy to use DEX....
Yeah. :P
Thank you for sharing :)
No problem splendorhub! :)
HELP I get this error on both openledger AND bitshares! I've tried every server available both on my macbook and my PC so my computer and time is not the problem!
There was a bug and they had to fix it, it's okay now! :)
thanks, just got some whaleshares on the EOS contest, gonna give it a try.
That's amazing, tell me how you like them. :)
well. it looks likeit worked. a 4whaleshares vote gave a 2-3SBD vote that will probably be a little bit less when it comes to the payment (still around 5 days to go)
just think that 1 whaleshare as tax to transfer is too much, don't you think?
You are probably right. I am not using BTS as fee payment, but UIA like Newbie or Narwhals - it is more worth it.
Uia? Newbie? Narwhals? These are dofferent tokens? In my account i can only choose whalesahres
Yes those are different tokens. Are you talking about paying a fee? Paying fee with whaleshares is not worth it as it will take the whole 1 whaleshare to do so. You should get couple of Bitshares, Narwhals, newbies and use those to pay the fee.
Thanks lucas.
I see. Thanks a lot.
So the idea would be buying some bitshares at poloniex or other and sending to open ledger? Or maybe more worth send bitcoins and exchanging on open ledger?
Investing in our whales is investing in our future. Let's face it minnows need whales. The larger the whale the more minnows that can be helped
Thank you @eirik for a great write up, this was just what i was looking for. Upvoted and resteemed :)
No problem! :)
Great work man i have a question beyondbit token is very less on Dx exchange is there any other platform where we can buy it , also very expensive on Dx exchange not give u worth of vote value , i try it bust loss 1.45$
Hello ehujra.
No it is possible to buy only on Bitshares or Openledger exchange. There are some contests right now for beyondbits so hopefully the price will lower again as there is no supply at all.
I think for what you are looking for are other pairs for beyondbits that are not that popular but can offer better value.
Beyondbits not for BTS, but for whaleshares. And whaleshares can be bought much cheaper.
https://bitshares.org/wallet/#/market/BEYONDBIT_WHALESHARE
I did not know anything about it, I just listened to everyone ... I learned many things today ...
thank you very much... i hope you get something better @eirik
Thank you riyadhycsm!
I get it. There's going to be a long procedure involved but once joined, I may finally be able to get whale upvotes.
Yes! :)
Before reading this post, I thought we cannot buy whaleshares but I was wrong, now I can buy whaleshares easily.
Buy them till they are cheap!
thank you for posting this here. I'm trying to be a quick learner.
Thats cool, see you on our discord! :)
Comprehensive sir ... I was going to join this contest but ... you have my support !
Thank you star, but I think you should join just because you maybe have different following than me thus more people will see the guides for whaleshares thus more people will come to our discord! :)
Wow, very well explained!! You surely worked hard on this!
I have even added some stuff after the post was done, because there is always something that people should know about - like steemnow.com and how much is 1% upvote worth. :)
Thank you so much for explaining. I'll do a second attempt with this explanation/guide when I get a chance. I tried 2 whaleshares earlier and I had trouble with the link and then when I did get the link and copy and pasted it into the memo in OpenLedger it didn't look like it had copied and pasted the link because the memo space was empty- But then when I scrolled over the memo section it had picked up/highlighted the text/link I had just pasted there... so I figured the memo had picked up the copy and paste and hit send. Nothing happened so I figure maybe next time I need to manually type the link in the memo space on OL so it picks up my link properly. It is my first time using open ledger...so. LoL They got 2 free whaleshares from artwatch2017 I geuss haha. Trial and error usually how I end up learning ha ha quite new to crypto and different wallets.
But I am learning .>.<
You could try BTS exchange next time, it's probably little bit easier to use! :) Anyway, if you have any question, you can just ask me. :)
It looks very complicated for me, but I'll learn, don't give up! :)))
Haha! You will make it kalemandra! If you need any more help, just ask! :)
Thank's eirik, this I very helpful, I'v been trying to figure this out for a few days. I will ask in discord if I get stuck again.
Cool! But you can come to discord anyway. :)
Nice informative post..!keep posting & Dont forget Upvote and Follow @akraees
#gtg =D
video really gives idea easier
Amazing explanation, Loved the video! at 7:23 in the video... so as the memo you have the post's link?
Yes, but don't forget about the U - that is the most important thing!
Alright thanks! But what is the purpose of it?
to get higher rewards, reputation, following... :)
Excited to learn more!
I am exiced to be here. Thanks
Nice article dude!!
Thank you, this idiot's been waiting for an idiot's guide. I may make use of this now.
Great job!!!
Thanks for this excellent guide! I was wondering what whaleshares was and you've answered my question.
I'm interested in learning more about this coin. Sounds promising.
This is so ,,, useful ! Will hel a lot in explayn how the things works :)
Excited to learn more about whaleshares
Great explanation post, I had no idea how this worked
I enjoyed learning how to get and use that whaleshare today. Worked well for my post. Thank you!
@eirik could you please explain a bit how much return can be expected from an investment of say 5 Steem Dollars? What will be the value of upvotes as per your experience?
5 SBDs can give you 35 Bitshares.
That is: 4,66BB or 5,8WS if you would buy them instantly through the sell orders.
That is like 4,6 dollars for BBs or like 3,6 dollars with WS.
However those sell orders are really expensive and it is not worth to buy them for that price. It is much more if you would put a order for yourself :)
imagine this guide did not exist... even with the guide it's quite complicated for a newbie like me.
I am sorry, but if you want more help you can come to our discord. :)
Very helpful, I know that this post is 5 months old, I just listed my BTS to exchange, I set the price as you mentioned 0.55 BTS per Whaleshare, how long does it take to convert them? Thank you :)
I'm a newbie in steemit and I won 100 whaleshare and I found it. Thank you so much!!
would you know If it is the best time for me to use it?
that is an eye opener