Hello there :) Today I would like to share some information with you guys, maybe some of you will be interested in participating and making some extra dollars ;)
When I was preparing my new post, I came across the @bellyrubbank user. This account was created by @zeartul, who is one of our witnesses, I believe. In my understanding, @bellyrubbank is an investing feature and it’s the main goal is to finance the voting power of @bellyrub voting bot.
Ok, but how it works exactly? Everyone can invest the own means by sending the deposit to @bellyrubbank. The minimum deposit is 20 SBD or 20 STEEM, and the memo field should contain a phrase: Bank Deposit, 3 Month. And now the best - the APR of this investment is 45% :) It means that ROI in 3 months is 11,25%. Do you know any bank which is offering the profit like that? Me neither.
If you decide to invest, your deposit will be used to buy Steem Power for @Bellyrub. In the meantime, every investor will receive the dividend payments on the monthly basis (it was changed recently from be-weekly basis). You can read more about this change here. After 3 months, your deposit will be returned to you and your account will be enriched by earned %. It’s easy to calculate that investing 20 SBD will bring you 2,25 SBD profit (if I understand everything correctly). And this is the minimum deposit :) You can read more about this project here. Among others, you can find there this table which confirms everything I wrote above.
I found this very useful, so I sent my 150 SBD deposit a few days ago :)
I’m not going to encourage you to do the same, everyone should decide what to do with his tokens by himself, but maybe some of you will find this information interesting and useful :) I’m also very curious what do you think about it - let’s discuss this in comments. Personally, I hope that this will bring us more investing and earn options on Steemit in the future.
Appreciate the content? VOTE UP, RESTEEM and FOLLOW@imperfect-one
Good for investment. The only problem if the operator losing private key then everyone will lose the capital.
Good point!
Yes, very good point. But I'm trying to think positive anyway :)
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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