It's Competition Time again.!! I am reaching out for the best Ideas on how to Promote Steem and Steemit using the Contest tag.

#Promo-Steem - Helping to Support and Promote the #Contest tag on #Steemit

Competition Time.!!

It's Competition Time again.!!

I am reaching out once again for the best Ideas on how to Promote #Steem and #Steemit using the #Contest tag.

With so many great Contests and Competitions now running on #Steemit it is absolutely awesome to see those taking part and making the #Contest tag a magical tag to follow.

Velocity of #Steem

Before I get into the details of #Contest I quickly wanted to explain the importance of the Velocity of #Steem.

Though we are only talking about small amounts of #Steem that are currently being paid out in the Contests on #Steemit it is the growth in the Velocity of #Steem within the #Steem Ecosystem through the transaction of Prize Money that I am more interested in.

Sure, $10,000 worth of #Steem currently transacted and exchanged as Prize Money through Contests per week might not make much different, but what if this was $10,000,000 worth of #Steem transacted and exchanged as Prize Money per week on #Steemit?

Staggering isn't it.!!

You can now see why I am very keen to push for more Contests on #Steemit.

Velocity of Money

For those that are unfamiliar with the Velocity of Money I have taken an extract from wikipedia.org to help explain what I am trying to say.

Definition of Velocity of Money

Credit: wikipedia.org

Definition of Velocity of Money

The velocity of money (or the velocity of circulation of money) is a measure of the number of times that the average unit of currency is used to purchase goods and services within a given time period. The concept relates the size of economic activity to a given money supply, and the speed of money exchange is one of the variables that determine inflation. The measure of the velocity of money is usually the ratio of gross national product (GNP) to a country's money supply.

If the velocity of money is increasing, then transactions are occurring between individuals more frequently. The velocity of money changes over time and is influenced by a variety of factors.

Credit: wikipedia.org

https://en.wikipedia.org/wiki/Velocity_of_money

Back to the #Contest

To help in the Marketing and Promoting of #Steem I am once again reaching out for the best Ideas on how to Promote #Steem and #Steemit using the #Contest tag.

#Contest for a #Contest

50 #Steem Cash Prize

To help support #Promo-Steem in the promotion of #Steem and #Steemit I will be giving away 50 #Steem in Cash Prizes to x3 Lucky Winners as follows....

1st Prize = 30 #Steem

2nd Prize = 15 #Steem

3rd Prize = 5 #Steem

Total Prize Pot = 50 #Steem

Closing Date / Time

Closing Date - Monday 17th May 2021.

Closing Time - 20:00pm GMT (U.K. Time).

Announcement of the Winners

The Announcement of the Winners of this #Contest4Steem #Contest will be published shortly after the Closing Date / Time of the #Contest as above.

How to Enter

When you publish your Entry Blog, please begin the Title of your Blog with the following words: "Contest4Steem entry by @[yourname]."

Please use the following x4 hashtags as the first x4 tags: #contest4steem #promo-steem #steem #contest.

The above will make it easier for your Blog to be entered into the #Contest.

200 to 500 words

The #Contest is very simple.

I am looking for the best Ideas to run a #Steem Promotional #Contest that will help Promote #Steem and #Steemit.

Using between 200 to 500 words give a brief explanation of your Idea for the #Contest including as much detail on the #Contest as you can and the target audience you believe the #Contest should be targeting.

Feel free to use pictures and images if this helps.

All work must be your own.

100 #Steem Prize Money

I will use the best Idea and the 1st Prize Winner of this #Contest to run the proposed #Contest next week with a 100 #Steem Prize Money.

The Winner of this #Contest will be promoted as the Winning User's Name in the proposed #Contest.

Magical #Contest

Once again let's make this another Magical #Contest to take part in and show the World using the #Contest tag just how amazing #Steem and #Steemit truly are.

Announcing the Winners

Looking forward to seeing your #Contest Ideas coming in and announcing the Winners shortly after the end of this #Contest on Monday 17th May 2021 - Closing Time - 20:00pm GMT (U.K. Time).

Thanks again for reading and good luck.

Stephen

#Promo-Steem - Helping to Support and Promote the #Contest tag on #Steemit