The Greens Steem Bank Weekly Report: 25 - 31 October 2021 | Steemit Trade deals, Bank account created, new bank logo, 20 Steem given as Prizes, Investments, The Power Up Challenge, etc
The Greens’ Steem Bank (@thegreensbank) was created to ease Cameroonian steemians' Steem to BTC to CFAF (Local currency) transactions as well as reduce the cost of the withdrawals by 20 -75%.
It costs 0.0005BTC to withdraw Steem via @poloniex but with @thegreens Steem Bank, Cameroonian Steemians can now get instant cash payments in CFAF via MTN Momo for their Steem/SBD at a reduced cost i.e. 20 - 75% of 0.0005BTC.
0.0005BTC currently range between $30 - $34 and USD value increases with the increase in the price of BTC and vice versa
The principal objectives of the bank are;
- To ease Steem/SBD - CFAF transactions for Cameroonian Steemians
- To reduce the Steem/SBD withdrawal cost for Cameroonian Steemians
- To minimize the losses incurred during Steem/SBD withdrawal transactions e.g. A lot of people have made mistakes and sent SBD to Poloniex or mistakes with BTC Wallets.
- To reduce the time taken and worries associated with completing a Steem/SBD to CFAF transaction e.g. Sometimes it takes hours or days for a BTC confirmation to be complete or there may be network issues but with the bank, once Steem/SBD is deposited, the MTN Momo is credited.
- To reduce or stop the power down of Cameroonian steemians’ Steemit accounts via the provision of very low interest Steem loans (10 -13% Interest rates). We believe, if we give Cameroonian steemians loans, they will reduce the rate at which they power down their accounts.
- To give Steem trading and investment alerts/advice to Cameroonian steemians
- To guide and provide Cameroonian steemians with information on how they can better invest in Steem
Bank Report 25 - 31 October 2021
Bank account and Bank logo
A Steemit bank account for The Greens Steem Bank was created (@thegreensbank) as you can read here: https://steemit.com/thegreenssteembank/@thegreens/introducing-the-greens-steem-bank-account-thegreensbank
Meanwhile, above is the image of the bank's new logo.
Steem Advice
Now is the best time to invest in Steem!
The prices of Steem and SBD have been rising during the week with Steem and SBD trending around $0.57 and $7.0 respectively but we still believe NOW is a very good time to acquire more Steem as you can read here: https://steemit.com/steem/@thegreens/steem-advice-invest-in-steem-now
Bank Trading Deals
Due to the fall in the value of Steem/SBD, the bank handled just 06 small trade deals ranging between 2 - 10SBD with the steemians trading to meet up with some of their urgent and pressing financial needs. The bank had withdrawals from;
Bank Loan Deals
The bank is currently giving microloans to Cameroonian steemians as announced in this post: https://steemit.com/thegreenssteembank/@thegreens/the-greens-steem-bank-microloans-now-available
Meanwhile, the bank also harmonized her withdrawal tariff as you can read here: https://steemit.com/thegreenssteembank/@thegreens/6hs3ju-the-greens-steem-bank-steem-sbd-withdrawal-tariff
Bank Investments
Every week, @thegreens contributes 15.5SBD to @steem-cameroon for the Cameroon Steemit Njangi and 100K SP Shares Program. The bank wired 15.5 SBD to @steem-cameroon for week 24 of the Cameroon Steemit Njangi and 100K SP Shares program via which @thegreens now owns 18 Shares.
The Power Up Challenge
“Powering-up brightens your steem future” - @thegreens 2021
The Power Up Challenge is a weekly steem power-up challenge for Cameroonian Steemians organized by The Greens' Steem Bank in partnership with @steem-cameroon. The eighteenth edition of the challenge registered 10 entries with 598.499 Steem powered-up from Cameroon
A handful of steemians whose power-ups we searched and found did not abide by all the Power Up Challenge rules. We are advising that even if you are doing a #club5050 power-up post, make sure to abide by the Power Up Challenge rules so that the post will also be included in the Power Up Challenge for you to win power-up prizes.
The following Steemians were rewarded by The Greens' Steem Bank for participating and powering up over 50 Steem during the eighteenth edition of the Power Up Challenge;
| Name | Steem Prize |
|---|---|
| @benjamin09 | 01 Steem |
| @noelamontana | 01 Steem |
More about the Power Up Challenge Report can be read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-vol-18-report-and-prize-award-or-598-499-steem-powered-up
The nineteenth edition of the Power Up Challenge was launched during the week as you can read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-vol-19-or-spud4steem-on-november-01-2021-and-win-amazing-steem-prizes
The Power Up Challenge Report from the premiere edition till date was published a few weeks ago
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Ever since we launched, The Greens' Steem Bank has organized 15 Power Up Challenges with over 17,531.491 Steem powered-up and +100 Steem given as power-up rewards to participants of the Power Up Challenge. The Challenge has recorded a total of 99 entries from over 40 Cameroonian Steemians as you can read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-report-may-september-2021-or-17-531-491-steem-powered-up-and-100-steem-given-as-power-up-rewards
Bank Promotional Trade Deals
There was no promotional trade deal during the week but the bank looks forward to organizing some juicy promotional trade deals during this week.
Bank Prizes
The Greens paid 20 Steem to participants of her different contests during the week.
@thegreens paid 02 Steem to participants of the Power Up Challenge Volume 17;
| Name | Steem Prize |
|---|---|
| @benjamin09 | 01 Steem |
| @noelamontana | 01 Steem |
@thegreens paid 18 Steem to participants of the Creative Writing Contest Volume 19 as follows;
| Name | Rank | Award |
|---|---|---|
| @desireforku | / | 05 Steem |
| @mukadas | / | 02 Steem |
| @kataali | / | 01 Steem |
| @elian23khan | / | 01 Steem |
| @imuniru38 | / | 01 Steem |
| @echamroland | / | 01 Steem |
| @gerakam | / | 01 Steem |
| @njilah24 | / | 01 Steem |
| @habdallah | / | 01 Steem |
| @mukka | / | 01 Steem |
| @favour216 | / | 01 Steem |
| @piini | / | 01 Steem |
| @nafisatu | / | 01 Steem |
| @miinah123 | / | 01 Steem* |
- Will did not receive the prize for reasons highlighted in their post.
Bank Reviews
Some of our clients have been nice to leave reviews in the Steem Cameroon WhatsApp Group. Below are some image reviews from some of our clients;
The Greens’ Steem Bank has the best Withdrawal Tariff Rates as you can read here: https://steemit.com/thegreenssteembank/@thegreens/6hs3ju-the-greens-steem-bank-steem-sbd-withdrawal-tariff
The Greens’ Steem Bank now offers microloans to Cameroonian Steemians as you can read here: https://steemit.com/thegreenssteembank/@thegreens/the-greens-steem-bank-microloans-now-available
Coming up!
The Greens' Steem Bank goes international in ....
The Greens' Steem Bank Profits
The Greens' Steem Bank weekly profits will be spent as follows;
- 30% of the profits will be sent to @thegreens for her #club5050 power up.
- 40% of the profits will be used to award @thegreens' contests prizes (Creative Writing, The Power Up Challenge and Green Deeds Contests)
- and 30% of the profits will be used for The Greens' Steem Bank services.
Contests organized by @thegreens
You can also participate in any of these contests organized by @thegreens;
- The Power Up Challenge
- Green Deeds Contest: To be launched by @steemenvironclub
- Creative Writing Contest
Are you passionate about environmental issues?
Do you want to become a co-founder of a global environmental club on steemit? Visit this link to learn more about Steemit Environmental Club: https://steemit.com/hive-195335/@steemenvironclub/announcing-steemit-environmental-club-sec-a-global-community-of-environmental-steemians
Now is the best time to invest in Steem!
CC:
@steem-cameroon
@majerius
@saxopedia
@fombae
The Greens is a grassroots environmental organization that strives to educate, inspire and engage young people to take action to combat climate change and be at the forefront of biodiversity conservation and waste management.