[Announcement] Launching SIZ Exchange | Community Official Retail Exchange and Bank | 50% to @siz-official
This is @cryptokraze, Founder of community Steem Infinity Zone (SIZ) with an important announcement to show my continuous support for SIZ community members. SIZ community is growing day by day and I am really thankful to all the active participants who are bringing their friends and family to Steem Ecosystem.
What is SIZ Exchange?
To meet the demands of cashout and keeping the Steem within the system, I am launching SIZ Exchange which is a separate account and will be considered the community's official Retail Exchange and Bank.
This will be used to receive Steem or SBD from SIZ members who want to cash out their rewards.
I will be paying the members in local currency from my personal resources so that Steem resources are kept within the system and not moved to Third-party Exchanges.
SIZ Exchange will be a Non-Profit Service and we will use the amount received on SIZ Exchange Account for supporting SIZ projects and Power UP our Official Community account.
Why SIZ Exchange is Created?
I was receiving lots of requests to get cashouts for rewards in local currency, so I decided to start SIZ Exchange to meet this demand.
Cashout means the Steem resources will get out of Steem Ecosystem so I decided to keep them within the system. The users will be sending the exchange and cashout request to SIZ Admin and I will pay them with local currency from my personal resources.
The Bitcoin fees are high and if members try to cash out using Third-Party Exchanges, it would be a costly option for them. So SIZ Exchange will provide SIZ members the cheaper option to exchange their rewards with local currency.
It will provide an easier option for some members who don't know the technical aspects of crypto exchanges or don't have the necessary documents to verify their exchange wallets.
The amounts received to @siz-exchange account will not be cashed out until there is an emergency need to cash out. We will use the SIZ Exchange funds to power up SIZ community Official Account (@siz-official) and we hope this initiative will be appreciated by Steem Team and @steemcurator01 because we are trying to keep the Steem resources within the system and use it to power up.
How SIZ Exchange Will Work?
Our first advice to all our community members is to power up from the rewards they get for activities.
As we all know that members will need to cash out some rewards for their day-to-day needs so we will provide them a cheaper and faster way of exchanging their Steem or SBD rewards for local currency.
SIZ members can transfer any amount of Steem or SBD to @siz-exchange they want to cash out.
You can see the Step-by-Step Process on How to Transfer Steem and SBD
Provide us with your details you want to receive your payment and we will process the payments in the minimum time possible.
SIZ Exchange will act as Retail Exchange and Bank which means you will get the exact spot currency rate in PKR that is available in Live Market.
SIZ will not charge any fees for providing this service because we want this service to be a Non-Profit Service.
The only purpose of this service is to facilitate SIZ members and keep the Steem resources within the system.
Currently, SIZ Exchange services are available to SIZ Community members only but we will be opening it to other Pakistani members soon depending upon the response and demand we receive.
How You Can Support SIZ Exchange?
As we have cleared that SIZ Exchange will be a Non-Profit Service aiming to facilitate SIZ members and keep Steem Resources within the system that will be used to power up our Official Account (@siz-official)
You can transfer any amount of Steem or SBD to @siz-official if you want to add your share in this goodwill gesture.
You can set @siz-official as your posts payout beneficiary whatever you feel comfortable, even 5%
You can delegate your SP to @siz-official and take benefit of our Delegation Rewards Offer of getting up to 200% Curation Rewards
You can also use these quick delegation links. Just click on your desired amount of SP you want to delegate and it will be done in process of 1 minute.
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- Steem Infinity Zone (SIZ) is determined to grow and support community members that are producing quality content. This SIZ Exchange initiative is just a humble effort by @cryptokraze to support community members with his personal resources and keep the Steem resources within the system. I would like to invite all the Steem stakeholders specially @stephenkendal, @steemchiller, @pennsif and community members to have a look at our SIZ Exchange Initiative
- In order to grow SIZ community official account, 50% of this Post Payout will go to @siz-official
@cryptokraze | @arie.steem | @qasimwaqar | @vvarishayy
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