Stacking STEEM Daily...Why SteemBasicIncome Is A Must During The Bear Market!
If you have spent anytime in the crypto markets, you'll know how volatile they can be...
I got into the STEEM blockchain when STEEM was trading at around $1.75 in December of 2017....It shot up to over $7 during the crypto boom!
Today....Here's where we sit:
What a roller coaster!
But regardless of the price of these tokens, I have continued to stack them at every chance I could over the past 15 months...
There are many ways you can earn STEEM tokens on the blockchain which is why I think this project is so attractive:
Create content on your blog at Steemit.com , Busy.org or Steempeak.com....This blockchain is built for content creators. And while the trend is moving into other dApps that generate STEEM...A good ol' fashioned blog can always do well here! (@SteemPress makes it even more attractive btw!!)
Create video content via @Dtube or live streaming via @Vimm...Some of the most active and popular content on STEEM come in the form of video.
Record podcasts via @dsound ....Maybe sitting in front of a camera isn't your thing, no worries...The microphones are ready to be used and uploading your audio content is a breeze!
Take pictures and upload them via @appics ...There is no better way to take a few selfies ;)
Be mobile and engage with your followers using @partiko ...It's the easiest way to engage and use STEEM while on the go...
Or even, play games like @drugwars @steemmonsters @magicdice and others...Yup, you can be rewarded for...Playing games??? It's true...
And I'm just scratching the surface of the potential that STEEM presents for actually earning tokens. I remember @meno once stating a few months ago...He wants as much of this stuff as he can get...So when someone sends him a spam message for 0.001 SBD or STEEM in your wallet...He's grateful :)
But there is one way that I've fallen in love with and feel like it goes under the radar as one of the BEST ways to generate STEEM every day....
And that's @SteemBasicIncome
What is SBI? It's this super cool project run by @JosephSavage where he developed a formula to reward participants with upvotes every time they create content on the blockchain. The idea is to get it to where everyone on STEEM can earn a 'basic income' for their time in the community. I like to simplify things and say it's upvotes for life...But it's much more complicated than that.
(Here's their latest post describing the in's and out's of this project!)
However for simplicity sake, I'll just say....Steem Basic Income allows you to get rewarded in the form of an upvote every time you make a post on STEEM. But what's amazing about this program is that you can 'stack' your units. So the more of these things that you acquire, the higher your vote value will become...
But wait...There's more!
The only way to get involved in SBI is to be 'sponsored' into the program...So someone literally has to buy your way in for the cost of 1 STEEM. Why would someone do that? Simple, because they receive an SBI unit for every UNIT they sponsor.....!
So you see why this is a win-win?
The sponsor is motivated to reward people with SBI units because they get a share as well...Newsflash, I give out a LOT of SBI units...It's well over 300 by now and continue to do so every day to people that engage with me on this blog. Once again...Win-win! I get higher upvotes and my readers and followers acquire more SBI units for reading my blog every day!
And here's the crazy part...Steem is trading at around 33-34 cents today...Imagine if we get back to all time highs or even half of that...And that upvote from SBI that was once a penny, starts to become closer to 10 cents...Or 50 cents...or 2 dollars...Every time you post...For life?
That's why I encourage you to look at Steem Basic Income as not only a way to support the people that come to your blog and engage with you...But for the potential it has when STEEM becomes a 7 dollar token again...That to me, makes collecting as many SBI units as I can today...A must!
Remember...Now is the time to BUILD your STEEM! And @SteemBasicIncome is the perfect way to do that because everyone wins!
And yeah....In case you are wondering...I'll be giving you an SBI unit for engaging with me on this post ;)
Posted from my blog with SteemPress : http://plus1daily.com/stacking-steem-daily-why-steembasicincome-is-a-must-during-the-bear-market/
Thanks for the great write-up. We continue to work hard to help Steem Basic Income reach its full potential, and appreciate your big vote of confidence.
thank you for creating this man. it’s changing a lot of people’s journey on steem for the better.
Posted using Partiko iOS
Yes, at the peak of the crypto peak I was a small minnow, but my vote was valued at $0.10. Since then I'm adding up SP and SBI, preparing for a new peak in STEEM value. I'm pretty sure that these times will return, and that is just a question of time.
Posted using Partiko Android
oh wow. if it gets to 3 bucks. my vote will be epic!!! lol
Posted using Partiko iOS
SBI is great for sure!!!
I think long term it will even be better than it is right now.
Getting as much SBI as you can now will pay large dividends down the road.
So far I have 30 some odd and would always like more.
Jongolson is great that as he gives a ton of SBI units away.
Posted using Partiko iOS
yessir. and as steem keeps rising so will every vote people get with sbi.
Posted using Partiko iOS
Was just reading this post and scrolling through the comments and happened to see ya! Just thought I would say HI! :) @jongolson
ha ha awesome! what’s going on?
Posted using Partiko iOS
Yup - people don't value 1 cents these days, because they don't understand the value :D I love SBI and I'm very sure the people who were still active in these bear markets collected the most... That's a good thing in my opinion :-)
It is interesting to see how many people are talking about 'low payouts' - a vote from a 500 SP account is a vote from a 500 SP account. Period. We really need to do something about that dollar sign below our posts like @steempeak does, but okay, I digress...
Cheers for @steembasicincome!
ya. the math of it is very tricky and a simple steem payout would suffice. pretty sure that was developed to entice bloggers when steemit first started.
Posted using Partiko iOS
We need to allow users to see the steem value of a post instead of the nonsense "stu" number that every front end presently shows.
Wow this is mind blowing! As a new Steemite, it is incredible to see the endless possibilities to earn & network with others. I love the stacking concept of SBI as well. Great blog. Thanks for sharing. Looks like I will be trying a few of those other apps out as well ;)
appreciate you jenn. and very happy that you are getting more involved with steem.
i knew you’d love it ;)
Posted using Partiko iOS
I appreciate you too Jon. Thanks for not giving up on me ;)
Posted using Partiko Android
The thing I like is that it encourages engagement. Those who post benefit. Those who comment and curate are more likely to run across someone who will sponsor them. As you said, a win-win for most people.
I noted that once I got some SBI it encouraged me to post more regularly. This in spite of the fact that I know that if I post more frequently, each individual vote's value is smaller. It's a carrot on the stick to entice :-)
Thanks for the reminder about this. I think i will go ahead and delegate a little more to them as well.
Also resteeming though I don't have many followers and a fair number of mine probably know about it already. Maybe it will gently remind them also about all of the encouraging benefits!
much appreciated :)
and absolutely. that’s the key to me. if someone knew they were getting upvotes very time they posted...they may start building a habit.
which gets them seen, allows them to engage and earning more steem :)
Posted using Partiko iOS
Man, SBI is great in so many ways! It provides an upvote for life, but also it makes you feel good for giving and it makes the receiver feel good for the gift. And the units add up to both as you mentioned.
The interesting part, as you said, is that someone has to gift you the first unit, so you can enter the system. I'm not sure if it's possible to gift yourself an unit, and to be honest it would lose much of its do-good charm if you could/would.
nah. i think there is protection in place where you can’t gift yourself.
Posted using Partiko iOS
And that's how it should be.
Posted using Partiko Android
Pretty interesting. I did not know this existed till now.
Posted using Partiko iOS
glad to hear you discovered it now. it’s an amazing platform.
Posted using Partiko iOS
I love SBI more and more. It's a great opportunity for getting rewarded. I have made a Delegation to them.
yeah the delegation plan they have is great too. just an awesome project from top to bottom.
Posted using Partiko iOS
The SBI stacks are awesome to accumulate as I have been trying to sponsor as much ad I csn to also motivate users to remain actively engaged across the ecosystem. Their recent upgrades are amazing and the improvements we are seeing due to the automation are great to see as it add a level of transparency for those who doubt its sustainability.
Posted using Partiko iOS
yup. i ended up delegating another 250 so today to them. i’m a huge fan of this project.
Posted using Partiko iOS