BlockTrades now offering Steem Power Delegations

in blocktrades •  2 years ago  (edited)

BlockTrades (http://blocktrades.us) has begun testing a new feature: the ability to purchase temporary delegations of Steem Power from our site using bitcoin, litecoin, and other currencies. Initially we’re offering 30 and 90 day delegation periods. The cost for a 30 day should be relatively similar to that offered by MinnowBooster, with some additional discount available for 90 day delegations. Also we plan to shortly enable the ability to renew existing delegations from BlockTrades at a discounted rate.

While it is not strictly necessary to create a BlockTrades account in order to purchase a Steem Power delegation, we strongly recommend it as this allows a user to have a record of the current expiration date of the delegation and will also allow for renewal of an existing delegation.

Terms and Conditions for Steem Power Delegations

While BlockTrades does not plan to directly oversee usage of the delegated Steem, we will investigate complaints of abuse by the community. BlockTrades reserves the right to terminate a user’s delegated Steem Power without refund if the user uses the delegation in a manner it considers harmful to the Steem community. The most common forms of abuse in this context would be: frequent upvoting of nearly contentless posts and/or plagiarism posts, targeted downvoting attacks on non-abusive community members, or phishing attacks aimed at defrauding other Steem users.

On the other hand, BlockTrades does not consider it abuse to upvote your own posts as long as they consist of original material that can be argued to have some meaningful content (even if it’s just an original joke).

btc_to_delegated_steem_power.png

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@blocktrades before I say thank you
that is what we hope for and that we are waiting for from you,
but there is little that I doubt,
what if the community delegates two places, that means delegating from the first party and secondly from the second party, whether it can get the SP from both parties.
as an example, I've got delegates from others, can I still get from you?
thank you for posting this

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Yes

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@robert-call there is no definite answer
can or can not?

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You can receive delegated STEEM Power from multiple sources.

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yes, robert-call is correct. You can get delegation from multiple sources. Note that it is NOT possible to re-delegate the steem you get from a delegation, however.

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Thanks so much..this is a very good landing for steemit users in the future to develop the economy. i like you. i always follow you.

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@blocktrades
Congratulations for this new feature, I love your services, always consistent and fast! Also this new lending feature seems to be pretty fair I will certainly give it a try!

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Does that also mean that one can buy delegated SP from @blocktrades single time, second delegation is not possible until expiration. Or, @blocktrades can delegate from multiple accounts? Can you kindly clear it?

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You can buy multiple delegations for a single account, our system automatically tracks prior delegations and delegates the appropriate additional amount.

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Hi, question, do you only do 90 day leases now? as I can not see a 30 day option? thank you in advance.

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Yes, we only do 90 day leases now.

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Thanks for the reply, the return for 6sbd seems not worth doing now, so I will have to give it a miss. Will you be adding ripple xrp to the trade list in the future? as I have hundreds of those in my nano s wallet, and would gladly exchange them.

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  ·  2 years ago (edited)

I just checked this and we get only 18.827 steem power for 1 steem for a 90 days period, where as the same investment in minnowbooster gets 150 SP for a period more than 4 weeks. So not sure, how even they are comparable. Isn't it too small ?

I would love to have a vote from you instead 😁

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I looked up minnowbooster's pricing page that you're referencing, but something is hard to understand about that price, because it's not what you actually get from a delegation from them when you do it. I think we are both misinterpreting the meaning of that page.

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  ·  2 years ago (edited)

Do you have a community leasing in a more discounted price ? We are building a charitable bot , for which we will need some support.

https://steemit.com/@thehumanbot

And by the way I already have bought some from you for a monthly price, lets see how it goes.

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The difference here is that you can lease delegations in crypto other than Steem.

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A 90 day delegation is worth more than a 4 week delegation, so you have to adjust by the time period to compare them.

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You can visit my post I made HERE some days back giving you a look at the steem price to delegation quantity. Hope that helps out.

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why would you say thank you for adding to the instability of the whole block chain???????
Please think this through.
What kind of behaviour does it encourage ?
THINK

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Hi @blocktrades, I was thinking why would you compete with MB on something that they are very good at. So, I was searching for the uniqueness of your program and I'm happy that I found this:

While BlockTrades does not plan to directly oversee usage of the delegated Steem, we will investigate complaints of abuse by the community.

Can there be a reward for those who buy the highest SP through delegation feature and don't abuse it? :)

Keep inspiring the world with you awesomeness.

Steem On!

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The ability to purchase with bitcoin, litecoin, and other currencies is also a plus.

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I think this move is an extremely poor one which can only add to the instability of the platform making it easier for people to bleed the system dry completely fucking the price of steem in the process. Can nobody here think beyond their own immediate self gratification !
this makes investing in steem long term pointless

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@joe.public

Or, it's a way for people to build up steem capital, which is good for steemit.

Let's say I'm a new user (I am) and I don't want to create content for free. So I start and pay for 30 days of delegated SP, say, a $30 upvote.

With my full value 10 upvotes, every day I would:

  • write two good articles a day and upvote myself (I haven't smashed the math but I think 2 self upvotes a day has the investment break even, maybe upvote a comment to make a little profit...which would increase my SP...which increases the value of my upvote, which makes me more interested in helping people out with my upvote).

  • upvote https://steemit.com/steemit/@daniel.dalo/centaurus-steemit-lottery-142-2017115t211421608z every day to help get the game going/grow the popularity of his project. Because fun.

  • upvote 6-7 other steemians articles/posts that I like.

These $30 upvotes put all the receivers (including myself) into higher standing with greater chance to attract followers and votes and income. This has me want to continue to create more content. This has daniel.dalo want to continue/increase his participation. This makes new authors smile like crazy when they see a $30 upvote.

This is only good for steemit. Yes I can see it would be bad to self invest to upvote 10+ times on spam comments.

If someone with more SP downvotes me because they think self voting is bad, then A. my investment would be lost and B. I'd quit steemit because a platform where a bully can kill your account/rep/earnings will never mass adopt. I shouldn't even be here because that happened to my friend who had built her account up to $100+/post and some whale smashed her account down to a -1 rep. Fuck that....but here I am because with some fixes I hope will be implemented, steemit might be awesome in the future.

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Hi @haveyouvisited
I totally understand why it is attractive no question.
And I hear the Blocktrades deal is more attractive than others who offer that service.

The problem I have with Blocktrades offering is, it lends social validation to usury on the platform as a whole.

It diminishes mutual support in the community.

When people Vest Steem into Your account they already receive interest on that. The system is designed to encourage vesting in that way, into accounts that offer value to the community. Its not just about financial rewards its also about creating a better world.

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One more point @haveyouvisited.
I am aware of account that invest into buying upvotes and short term Vests, which have questionable value. These accounts also tend to cash out regularly but not giving much in return.
I am also aware of an account that invest heavily into both buying votes and vests which appears to be nothing more than a scam.

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Ouch. I did the math. The investment to get a $30 upvote is like $6,000+, and even if did all 10 full power upvotes on oneself, one would take a serious loss.

The loss might be worth it if putting out good content and building rep and followers and upvotes, etc.

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wow that is steep.
it does provide an brilliant short term Return On Investment for the people selling the leases though

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It's a new business for us, so we'll take some time to explore and see what works best. It's hard to say so early.

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I really apreciate the calm responses to concerns : )

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It's really great

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Competition doesn't have to be bad.

I think it's good that blocktrades are trying this

That's really exciting news! Good job! @blocktrades are you planning (in a near future future) to offer shorter periods ( like 7 days ) ?

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Short periods don't work as well because there's a 1 week delay before delegated steem "returns". So short delegations would end up being much more expensive. But it's a possibility if there is enough interest. It might be a good way for an author to quickly gain attention for a series of posts in order to establish themselves.

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  ·  2 years ago (edited)

I totally agree with you @blocktrades. It is a good and bad side but I see with this delegate a lot of steemians who can help themselves and the theme so this is a good idea. Thanks for share information @blocktrades

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just a thought. But wouldn't a voting bot where the vote could be purchased for x days at a time at x voting strength accomplish this better than trying to buy delegation for less than say 2 weeks? Once the voting period is purchased it is up to the purchaser to make the posts to get themselves established.

is the delegation amount based on a calculation, do you know how many post I need to post and like in these 30 days to make a profit?

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There's no way to compute this I think. For example, perhaps most importantly, the ultimate value of purchasing a steem delegation can be much more than the immediate return one gets from upvoting one's posts. This is because it makes it easier to gain attention initially and this can lead to long term profit long after the delegation has expired.

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Ah, true, gaining more followers is another benefit, but I wish there was a way to predict all of those, after all we're spending the money for a profit.

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You could try the MoonBot which is a subscription based upvote service. You can then spread out the curation over a month or so.

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sounds more fair than other bots I saw, but I can only write four or five posts each month.

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whatt is price??

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you can get around 377,493.556 Delegated STEEM POWER (30 days) for each bitcoin

What a way to empower those who would normally not be. this is so great, as long as there isn't any abuse, we'll all win from this. Great job Blocktrades!!!

All for one and one for all! Namaste :)

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When money is involve, abuse is always lurking around.

@yehey

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pretty much

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This is Steemit's slogan: Money talks !

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In other words, The Bees are always on Honey.

Wow, these prices are really good! Thank you for the service, I think it can even be profitable to buy delegated steem power from you and then sell your vote to minnowbooster. I will test that out over the next days.

Do you plan on bumping up the SP limit? Or is it gone once it it sold out?

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We have a limited supply, of course, but I'm not sure exactly how much we will be able to offer. We've been planning to do something like this almost since delegations were initially announced, but we just have been too busy with other projects.

We have no plans for offering a service that directly competes with minnowbooster's business model of matching up delegator/delegatees, as it's a much more complicated thing to do well and doesn't really fit with how the rest of our system operates.

Hi blocktrades, do you have an approximate timescale for when the delegations will be available again?
Thank you

This may or may not be a bug, but extremely small amounts don't seem to work:

https://steemit.com/blocktrades/@preparedwombat/re-whatsup-rent-steempower-easy-from-blocktrades-20171107t040109872z

Is there a posted minimum somewhere?

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Yes, there is a apparently a 2 Steem Power minimum enforced by the blockchain. We're adding a warning about it now, because I guess some people try such minimum amounts as a test.

That's an interesting development, and I looks forward to seeing how this works out. Not going to buy power now as I don't really need it, but for curators who aren't authors, this is an amazing tool.

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Actually, I think it's probably most beneficial to authors who are just trying to get established on steem.

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Authors can promote their content in a bunch of ways, but curators who are not content creators at all are a group that is largely neglected when it comes to tools for growth.

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I tend to agree. But the worst thing they face currently, IMO, is the 30 minute rule that tends to take away a lot of their potential rewards.

@blocktrades:
are there any plans to make it possible to buy Steem, Steem Power or SBD via BlockTrades directly with Euros (€)?

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It's definitely something we want to offer, but it's a matter of getting regulatory approval to do it. We've been very busy and haven't had time to explore the requirements fully yet.

Hi @blocktrades,
I have featured your new delegation service in this post. I hope you like it!

I would appreciate any comments, corrections/clarifications or additions that you would like me to add for a more accurate representation of your service.

Thank you for your visit in advance.
Dr. TLK :)

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Yes, it was good to get a comparison and info.
Thx

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You are welcome. Thank you too :)

To be honest, I still feel weird to see blocktrades doing this. I think mainly because you have such a strong brand image of quick and no-fuss exchange but buying SP delegation is totally another thing. Wouldn't this undermine your brand somehow? especially to those outside the Steem community... I am not sure, maybe you have evaluated this already.

One particular good thing from this service though, in addition to MB's similar service that is, is that this will facilitate those who want to give power to some Steemians but do not want to reveal their Steem identity or even do no have one at all!! So this is somewhere you might consider focusing for your future marketing direction. Say if Vitalik Buterin sees a Steemit post about him and likes it so he decides to give the author a gift in this way but he doesn't want to register at all (yeah, I can imagine that...). This is what he can use. XD

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The purchase process for Steem Delegations is actually pretty much the same as normal purchases of coins (except that we will offer the option of delegation renewals in the near future). So I don't anticipate it will cause any confusion to our existing user base (and so far, we haven't seen any).

Naturally, there will be some people who will think it's a bad thing: this is true of just about any new thing in crypto from what I've seen. As one of the largest steem holders, I did give it a lot of thought before deciding to offer the service, and I'm sure it will be a net positive for the long-term value of the coin.

That’s a cool new feature and it even offers a discount for a longer period or renewal of the delegation. A great news for the minnows who want to increase their influence on Steemit and start their own projects.

Delegation is a powerful feature. I've delegated to a few people I trust so they can use it to vote up the good content. I do have concerns about people buying such things to just benefit themselves, but I think Ned said it's just another business opportunity.

I saw you around at Steemfest, but missed the chance to chat and thank you for your generous votes on my posts. They are much appreciated. This platform is amazing and the people I met there just reinforced my belief in it.

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@blocktrades I just went to https://www.steemnow.com/upvotecalc.html and put in 100,000 SP. It calculated that full power upvote to be worth $8.44.

Is that correct? (For instance) paying $2,000 for approx 100,000SP only gets one less than $10/upvote? (yes I know steem price varies, etc.)

In your experience so far, what do people do with the delegated SP they buy from you? If they buy, say $2,000 for an approx $9 upvote....even if they do all 10 full power votes for themselves they're running a loss on that investment. I guess they're hoping for followers and 'trend' upvotes...)?

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I haven't done the math, but I think delegations are only cost effective if you are able to get others to vote for your posts as a result of the higher profile your own vote brings. But you are missing one factor in your calculations that improves the value of getting a delegation: a delagatee doesn't just get extra money when he self-votes, he also gets higher curation rewards on all his votes (not just his own posts).

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Hmm, right. Thanks.

If, for instance, one bought 2,000 of delegated SP (about a $.15 upvote), and JUST curated, could one break even or profit in 30 days?

I haven't seen the values there yet (will go google something like 'how much can one make curating on steemit').

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I doubt it, but in theory I think you SHOULD be able to, because more people would see the post you've upvoted and upvote it as well. In practice, I doubt you would unless you were very good at finding posts that other people just don't see at all, because the 30 minute rule tends to crush a curator's potential for profit (this is something I would like to see change).

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Why would anybody spend money to buy delegated SP to spend it all on others? Then it' s just a straight monetary loss.

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@haveyouvisited
It is called a philanthropic spirit.
There are actually many on steemit that do it. Same as YouTube, people give money through Patreon to their favorite content creators.

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Yep, many of the people who've contacted me about the new service are interested in promoting some kind of common-interest group of writers.

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u need to give at least three warnings to alleged abusers before cancelling delegation. Plus u need to return unused part of bitcoins on retrograde basis. That will be a fair contract. Else it does not generate enogh confidence.

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Our policy is strict because we have a strong stance against abuse. If there's any doubt in the mind of a potential purchaser about whether or not people will consider their usage of the SP delegation to be abusive, they should not use our service for delegations.

Can we buy sp with steem?

I don't understand, why 30 days are cheaper than 60 days?

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It is cheaper because of the "Period of rent(delegation)", hiring a service for a longer time means you have to pay more. So, that longer time rent result in lower SP. and yeah, you can buy delegation with steem and many other cryptocurrencies as well. Hope that helps

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Thanks for help, but this is cheaper than minnowbooster, right?

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Minnowbooster say that gives you 150sp every 1 steem but in reality it gives like 37 sp for 1 steem..

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Yes, it is cheaper than minnowbooster, MB gives 150 for 4 steem(28 days) while BlockTrades is 197 for same 4 steem(30 days). So that is 47 extra SP when you use BlockTrades

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Yep, im going to use blocktrades then, thank you!

@blocktrades Please add support for Golos and Golos Gold (GBG)

I'll wait for the next reward payout then I'm rent it...:)

Anyway dear @blocktrades, please take a look just a moment to this post. I'd like to recommend this nice spot to be the next SteemFest Location/Destination, named Sabang, Weh Island, Aceh, Indonesia.

This spot near India and Australia. Would you like to support my effort too? If you agree please upvote and resteem it > https://steemit.com/steemfest/@adly.jailani/proposal-sabang-weh-island-aceh-the-next-steemfest-destination

Well, using Blocktrades is a whole lot easier to buy delegation than most of the other services.

Awesome

I didn't know this was a thing. So do you just send them steem and after the term you get a percentage of the return?

How about us to delegate sp ti blocktrade for a portion of profit like minnowbooster do. However, with minnowbooster the divided turn low overtime.

That will be helpful for the investors who are trying to get higher SP. Now no need conversion from SBD to steem to SP. Can directly do that from blocktrades. Great job indeed. Way to go.

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Except you are not beung sold SP but being lent SP. This may have only been profitable if influence is not tied to reward.

an exciting news .. hope the future of steemit can create features that can chat directly between users of steemit. thank [email protected]

  ·  2 years ago (edited)

I like your posting .post is good. i want to be like you are a lot of fans. and i need your support in achieving the ideals in order to become a good artist. i need support from you.

@blocktrades

Question: Did the price for delegated SP just change?

Two days ago I put $2000 (randomly selected amount) worth of btc into the blocktrades purchase section to see how many 30 day delegated SP that would buy.

Two days ago it was 112k SP.
Today it's 74k SP.

Big difference.

The price for delegated SP went up ($1,000 more for the same 112K amount compared to two days ago)?

If anyone would like step by step instructions, we wrote our version of them here.

https://steemit.com/delegation/@steemiteducation/blocktrades-delegation-tutorial-now-small-donations-can-have-a-large-impact-on-your-favorite-steemit-project

If @blocktrades or anyone notices an error in these, please let us know.

I wanted to get some more delegations.. but I can't access blocktrades.us for a while now.. is there any limit to how many times I can use blocktrades in one day or a week and that's why I can't have access now or there is an issue with the overall site? Am I the only one who can't open blocktrades website or others are also facing this.. is there anyone here who will reply me.

Thanks

@blocktrades this is another disrupted initiative from you. All the steemit community should be thankful. The first great thing you did was creating a magical tool to convert steem into Litecoin, Ethereum or Bitcoin, and other, and deposit it on any wallet of the persons choice, this is increible, a great bridge for people to exchange some of their earnings for fiat money and make a living from steemit. Simply great. upvoted. @gold84

Dude Blocktrades thank you so much!!! What a great deal and nothing better than more competition!!!

@blocktrades, your deal is awesome, I will save up some spare steem to get me some, really nice! do you get it instant?

I like this idea ;)

Site is go down :D

Did somebody try it ?

Your Delegated is more expensive than MinnowBooster!

This is a ood news @blocktrades I always like and welcome healthy competition. Will you also offer the ability for someone to delegate steem power to your service say 90 days with ability to extend it?

Well, that's a great idea. I hope it works out well.

  ·  2 years ago (edited)

Amazing news....Excellent feature is added by http://blocktrades.us to support this great community...

Spanish version of this BlockTrades publication / Versión en español de esta publicación

https://steemit.com/blocktrades/@simnrodrguez/blocktrades-ofrecera-delegaciones-de-steem-power

Awesome update thank you!

Great service, this will provide low cost entry of VP to minnows who are the backbone of the steemit.

I loved this new information @blocktrades!
Would you allow me to translate your article into Spanish to share it with the community that reads in Spanish?

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Sure, we are generally fine with anyone translating our articles into their native language when we don't provide our own translation. Assuming it is a reasonably accurate translation, of course :-)

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perfect! It will be ready soon!

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@simnrodrguez I love your avatar!
providing a translation service is good! maybe I'll check it out to practice my spanish!

especialmente para servicios como Blocktrades. oportunidad igual. progresso igual.

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Thank you very much for your comment @public-eye
I love that you like my avatar :)

Thank You @blocktrades Resteemed and Share on Steemit Viral Facebook Page by @irfansardar Good Luck!

It is revolutionary idea will impact the whole rewarding process, waiting for more information.

Hey @blocktrades Great idea! I was on the site and maybe its just my browser, but 90days is showing up as less delegation than 30days @ the same price point. Looking forward to trying this out.

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Yes, I think you figured it out....
for 10Steem you can get 1000 SP for 30 days or 333 SP spread out over 90days. (not realistic...just an ex)

Actually the 90day delegation is about 10-15% stronger or better... so if you can afford it... go for the longer delegation. but balance with your time input... if you want to go Hard and Heavy for 30 days, better to invest 10 or 20 or 50 for much more SP but only 30 days. But if you are slow and steady, less SP, but longer time is a better deal.

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Yep i have the same doubt.. 30 days cheaper..

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I'm realizing its because the duration is longer.

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yes, see my explanation below @spotlight comment.

90 day is a better deal. more bang for your buck.

EX. 10Steem for 30 days gets you ????? 500 SP
10 Steem/30 days for 90 days gets you ??? 560 SP... but that 10 steem is per 30 days... so will cost 10X3= 30 Steem for 90 days.

10-15% better rate.

If I want to send 10 Steem, how much I will get sp from your program @blocktrades

Thats great news

  ·  2 years ago (edited)

This is quite interesting and love the instant delegation. Amazing! Can't wait for the renewing option. =)

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at some point I need to get on chat or discord to sign up for Qurator.... you are one of the mods correct?

Thx

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Indeed I am. Come have a chat on Discord. =)

  ·  2 years ago (edited)

Great :)
This was possible all day.

hello, @blocktrades
re-steem.jpg

Great news! This is a really great feature to be added. Would you allow me to translate this post into spanish?

That's something I was waiting for a long time. I hope you guys develop more in this direction. It gives more opportunities for us - users. Now we can choose from one or another option and that creates healthy competition. Very happy for you @blocktrades

  ·  2 years ago (edited)

Really interesting idea @blocktrades!

PS: I have posted my article about our awesome #Steemfespoker night and thanks that you have participated, it was a pleasure to play my last hand 1 on 1 against you! :-)

IMAG4145.jpg

https://steemit.com/steemfestpoker/@future24/steemfest-poker-photo-impressions-playing-poker-with-nuts-in-a-5-star-hotel

  ·  2 years ago (edited)

Great news..Thanks for these efforts beneficial for the growth of our community.

Good post @blocktrades

The whole week the news is pleased, we need to get acquainted. Thank you.

Wow this is a very good idea that will bring new opportunities especially for newbees keep it up and keep the good work !!



lenders suck the borrowers...I have a lot of friends who fall unto it and ended bankrupt...

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