Blocktrades enters the steem power delegation market with much cheaper rates
Source : https://steemit.com
Blocktrades entered the steem power delegation market a few days ago and it is offering steem power delegation at much cheaper prices.
Blocktrades has initially started two delegation periods which include 30 day delegation period and 90 day delegation period.
The good thing about leasing steem power from blocktrades is that you can buy steem power with every currency that is listed on https://blocktrades.us which saves you from additional fees you pay to trade between currencies.
Source: https://blocktrades.us
I made a collage of these three screenshots which I took from their website which shows the three major cryptocurrencies are accepted and besides these three there are a few more.
Now let's see at what price, blocktrades is offering steem power delegation,
Source: https://blocktrades.us
You just have to put the amount of cryptocurrency you are willing to spend to buy temporary steem power.
Let's say I have 10 steem and I want to buy steem power for 30 days. As you see, it is delegating 493 steem power for 10 steem.
Now let's see the price at which the rival minnowbooster is offering the same amount of steem power for 30 days.
Source : https://minnowbooster.net
The same amount of steem power costs you 4.5 steem extra if we take 30 days into consideration.
That means you are saving $4 approx if you buy from blocktrades.
See the comparison between two services.
For 90 day delegation period, I put an amount of 100 steem on which blocktrades is giving me 1882 steem power.
On the other hand, the same amount of steem power for the same period of time from minnowbooster costs a whooping 63 steem extra.
Moreover blocktrades is promising that on renewal of previously delegated steem power, users will receive additional discounts.
I think more people will switch to blocktrades now and in order to be competitive, minnowbooster might have to bring the prices down.
Hey @syedumair !
How long does it take until you get the delegation from Blocktraders? I just send a couple of Steem for some Steem power for 1 month. So far no delegation but I am still waiting.
It might take upto 12 hours.
Be patient, you will get your steem power
That is the reply I was looking for, just made my first ETH to Steem delegation 20 minutes ago, so far nothing. I will wait then until tomorrow. Do you know if Blocktrades does it from their own account or they have a pool of delegations same as Minnow?
They do it from their own account.
Thank you !
Thanks for the information, it has been helpful.
Thanks for the heads up. I just did a four week lease through Minnow Booster and was planning on doing regular leases. I Think my lease next week will be through Block Trades unless prices change.
Upvoted via Steemfollower.
Your welcome
My next lease is definitely going to be through @blocktrades
nice post dear
Helpful post
Regards @lessonseighteen
img credz: pixabay.com
Nice, you got a 97.0% @kamikaze upgoat, thanks to @syedumair
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