The Billion Hero challenge officially started with the [announcement](https://steemit.com/hero/@stan/the-billion-hero-challenge) (info from telegram)

*Note: this is not an investment advice, do your own due diligence and use common sense first*

![team bts.gif](https://steemitimages.com/DQmXsxtjaJ2cWJ8jSNYf8PL37Z5pXdY9SPwQv2BTgrFJNsk/team%20bts.gif)
*Not affiliated with BTS, the Korean boygroup*

# Why I do this


First of all, we cannot allow some outsiders beating us on our beloved playground. 

But more importantly, someone with actual BitShares voting needs to be in the tournament... Imagine the horror if $millions join and no one is voting or **even worse**, doing some very uneducated voting with the proxy millions.

# Win Condition

## Proxy Vote to `fav`

![2017-06-17 16_57_23-OpenLedger.png](https://steemitimages.com/DQmasRCTkSrG9qHYsGvamyCDyEw17yBZU8AZRPr7SqmtHrL/2017-06-17%2016_57_23-OpenLedger.png)

## Short HERO

The team earns points on shorted (*borrowed*) HERO, and **only** on that action.

Visit: https://openledger.io/market/HERO_BTS

![](https://steemitimages.com/DQmUYgjo889XbWmryud1hYhBSkJmRkVfhzoBMcNWfTTDkhh/2017-06-16%2013_43_52-OpenLedger.png)

1. Click `BORROW HERO`

In order to Borrow HERO, you need to lock away 2.25x the value of BitShares 
*See Economic Model/Risks and why this works: http://www.sovereignhero.com/buy-sell-short-hero/*

So this is a bit trial and error, depending on how much BitShares you want to use to create HERO.

![](https://steemitimages.com/DQmYtnofYvJ613YNkgDFWYYHsK9pVKFSCcJsvNrTmo2rFBX/2017-06-16%2013_45_23-OpenLedger.png)

1. Enter `AMOUNT`
2. Set the Slider to AT LEAST 2.25
3. Click `Update Position`
4. Confirm

*Note: Here's a follow up on how to take out profit: https://steemit.com/bitshares/@ash/bitshares-how-to-take-out-profit-from-borrowing*

# TIP

Start with a small amount, like the traditional 0.05 HERO - and see how the system works and how you can take out profit, or how you can lose.

> Complete Newbie Guide: https://steemit.com/bitshares/@ash/how-to-join-the-hero-challenge-as-leader-and-participant

# Risks

Read: http://www.sovereignhero.com/buy-sell-short-hero/ and contact me if you got questions

# Cause

Depending on the rank we reach, it'll either get burned, or to the fav-quits-dayjob-to-work-fulltime-for-BitShares fund. 

But this is up for discussion :)

# Contact

► [Via Mail](http://www.google.com/recaptcha/mailhide/d?k=01QLsWrDaPWZjO8sO_kC5kng==&c=D9NC4oryr01fh7y_ClAo1zQteHaxjxzTkEMDTMnuzek=)
► Telegram: favdesu 
► HERO Telegram: https://t.me/sovereignhero