My Favorite Cryptocurrencies & Tokens :STEEM Cryptocurrency

Hello friend

Greetings to you my dear friend. I am glad to have you here in this post. In this post, I have discussed about my favorite cryptos and tokens for you to read through and make yourself happy.

---

What are your favorite cryptos and tokens?

Today, there are about thousands of cryptos and tokens that are in the crypto industry and out of all these thousands of availabe cryptos that we have it's only few of them that are my favorite which I have listed them according to how they're important to me.

Firstly, before looking at my favorite cryptos and tokens, I will love us to take a brief look at the difference between cryptos and tokens. I know as a beginner in the crypto industry you might be confused someday or sometime with the blockchain terms cryptos and tokens because this two words are common words that are used interchangeably as there are both digital assets.

Well in order not to waste your time here, the main difference between cryptos and tokens is that crypto which is the abbreviation of cryptocurrencies are digital asset that operate on a blockchain such as BTC or ETH, while tokens are digital assets that are built on an already existing blockchain, through the use of Smart contract example EIP-20 tokens. (USDT and BAT) are tokens. So now let's take a quick look at my favorite cryptos and tokens below.

• STEEM Cryptocurrency
• Tron (TRX)
• USDT
• Bitcoin (BTC)
• ETH

---

Briefly describe your favorite crypto projects and tokens!

Here, I will only describe STEEM crypto which is my most favorite.

Source

STEEM is a cryptocurrency that is used to power Steemit plaform which is an incentivized social media blockchain platform. In a nutshell, Steem is a social blockchain, that is earn from a publicly accessible database that stores immutable contents that are published by users in the form of plain text. Just as I have earlier said, Steem is the crypto that is use to reward users like you and I for the content we published.

Steem blockchain has its own DApps where users get paid in Steem crypto and one of its first and most popular DApps is Steemit which is a social media platform that is built on Steem blockchain which rewards users with Steem cryptocurrency.

Finally aside earning Steem token from Steemit plaform, users can also buy, sell and trade STEEM from exchanges like Binance, Houbi, MEXC, Roqqu wallet etc.

---

Why are you interested in these cryptos and tokens?

The main reason why I am interested about Steem crypto is that is a reward system. Steem is a crypto that is use to rewards Steem users who produce and curate content, engaging in content discussion like the Steemit Engagement Challenge that is ongoing on Steemit platform and vote on users.

Investors, blogger, publishers, can build their own reward based social media platform on Steem blockchain where users can be earning Steem crypto. To this I am more interested about Steem crypto because it's a crypto with big potential. The potential of Steem crypto rising up to $10 is certain and Steem is the best social media platform ever.

Also HODLers of Steem crypto can engage in either buying and sell when the price rise or earn Steem from Steemit platform or other Steem DApps. However, on Steemit there are basically three types of Steem tokens that is earn:

• STEEM: Liquid token that can be traded for fiat or other tokens
• Steem Dollar (SDB): pegged to US.dollar
• Steem Power (SP): is what give users influence (vesting token for both long and short term holder).

We can see that in Steem crypto there are a lot of opportunities that is offer to HODLers which is why I am interested about Steem crypto.

---

What are the investment opportunities in your favorite crypto and tokens?

There are a lot of investment opportunities in my favorite crypto which is Steem. Steemit is a dApps that is built on Steem blockchain. Before I will continue, i want us to understand that Steemit is not just a platform for publishing contents alone but it's also a long term Investment platform and certainly not a platform that one can spend half an hour or a week doing things and be expecting greater results.

In Steemit, it's either a user invest his/her money or time, which I will be discussing the Investment opportunities with you now. Before that let me just take a little breath. Is okay am done doing that so let's take a look at the Investment opportunities.

• Buy and hold Steem Power
• Delegation
• Staking
• Curating Content
• Trading Steem

Buy and Hold Steem Power:* is one of the Investment opportunities about Steem.

For every Steem power there is approximately 3.10% rewards that is earn daily. You can buy Steem from Steem user or an exchange walleye like Binance send it to your wallet and power up your account and be earning 3.10% daily without stress.

Delegation: In Steemit platform Delegation is known as staking and it's the reason why i had to separate the two word. Delegation is another investment opportunities that is in Steemit platform.

Source

As an Investors, businessman/businesswoman or content writer, you can delegate your Steem Power (SP) to community and be enjoying upvote daily with additional Liquid STEEM token and TRX as a Return of Investment (ROI) daily, weekly or monthly base the community rules.

Staking: Staking is just like you delegating your SP here on Steemit plaform and it's also an investment opportunities that you can do on third party exchange like Binance.

In Binance exchange,you can stake your Steem through flexible savings and be earning 0.5% Steem as a reward daily. You can see that from the screenshot above.☝️

Curating Content: this is one of the simplest Investment opportunities. All you have to do is to be voting on peoples post and be earning curation rewards.

Once the post that you voted has payout you will receive your reward instantly which is very good investment opportunity for anyone that doesn't have time to be publishing contents.

Trading Steem: If you are a good trader you can be earning good amount of money from buying and selling Steem crypto in any exchange wallet that Steem token is supported. (Secret buy low and sell high and rebuy again when the price has fall down). In a nutshell, apply your own trading skills because crypto trading is associated with risk.

So my dear friend/reader as we can see there are a lot of investment opportunities in my favorite crypto (STEEM) that I can't even talk about them all .

---

In your opinion, what makes Crypto and Tokens better than other types of crypto and tokens?

Base on what I have discussed above,which is just a tips of what Steem crypto offer to HODLers is it's of no doubt that it's better than other types of crypto and tokens for additional reasons given below.

• The potential of Steem is very high
• It's earn as a Rewards and it's also traded
• HODLers can stake, delegate and be earning more Steem
• No transaction fees
• Can be converted to other crypto and token even SDB.

---

your suggestions and criticisms to readers!

Steem is well-known as a monetized social media blockchain, and it's the reasons why every users are trying to maximize their opportunity by getting votes rather than their brand like bringing their businesses to Steem just like in other social media platform where products are been advertise.

In all and all I will suggest that users should start investing in Steem as the potential is very high.

Thank you for reading through this post am grateful