STEEM POWER EXPOSURE - FOR YOUR HODL ASSETS - SMART CONTRACTING WAYS to LEVERAGE All of Your Crypto's
Strong Sources of Liquidity make for strong, vibrantly rich communities and cultures. Think of it like this:
Where there's Money...and Where there's Water - You know a good source of Water and or a good source of Money - Life Flourishes with effortless ease.
How many people have some Crypto that is committed to HODL?
Do you think more people will continue to HODL as we move through the next few years?
Wouldn't it be nice if there was a way to leverage your HODL positions without taking on any added risk while at the same time - creating an expansion in your HODL portfolio?
STEEM POWER EXPOSURE
This works with the worldclassplayer SMT.
Functions as a utility token that smart contracts your HODL coins/tokens in a way to create added liquidity for STEEM ecosystem.
Example:
You have $5,000.00 USD worth of Bitcoin and Litecoin.
The plan is to Hold On for Long Term Appreciation.
Opportunity exists to structure a smart contract that works as like a form of escrow on your coins. Coins are safe and cannot be touched. Creating this smart contract with the worldclassplayer utility token unlocks funding via STEEM POWER. worldclassplayer serves the community as an added benefit liquidity provider - allowing each and every player in the space to leverage their HODL positions and expand their STEEM POWER influence and exposure.
This is positive in many ways:
Supports Expansion of Steem Ecosystem
Supports Individuals to expand their incoming rewards and benefits.
Become Your own 'Life Bank' that has many privileges and ways in which to expand your individual life potential.
Structures a point of added stability and reassurance in the STEEM network by essentially, Backing up the Steem Ecosystem with the whole world of digital assets.
Creates an adequately substantiated global decentralized media network that has a solid baseline governance structure to support growth, development and maturity.
Practical way to Bank the Unbanked while incentivizing existing banking patrons to quit their banks and bank more heavily on being a part of the 'Life Bank' - where each and everyone is their own Bank with access to the 'new world bank' and global liquidity options and operations.
Making social media into a point of personal responsibility in care taking for the best world funding.
Enabling people worldwide to become more independent in creating their best lives.
Making social media more of a higher purpose - where altruism can actually function and flourish as an expansion of our best sharing's. Creating the narratives to actually create the best things.
Helping to shape the physical building and development of locations world wide to act as hubs within the Steem Ecosystem as like clubhouses with member privileges as a way to support and perpetuate open source collaborations...insuring we have good incubators everywhere.
This is a project in the works - if you are interested in getting involved in some way or another - drop me your best contact info in the comment section below
I’m unclear how this works. In your example, I commit $5,000 in a smart contract but what is the benefit to me? Interest? Delegated SP? Or is it purely a community project that aids the community but not me personally?
I apologise but I seem to be missing the point.
your 5k goes into a smart contract - which enables the smt token to be collateralized into steempower delegation...giving you roughly 5k minus a small fee of steem power. Thus - as long as that 5k is in the smart contract - you have roughly 5k worth of steem power delegated to you from the smart contract.
This means that you are able to increase your ability to earn steem rewards by having your hodl assets leveraged into an smt contract that enables steem power usage.
let me know if this makes sense
There's an idea to structure community projects....but the finer details haven't been completely ironed out on that regard.
The first primary focus is in creating added benefits to the individual holders of crypto.
That makes perfect sense thank you. So I could place $5k of any crypto (assume btc for example) into the smart contract and get the equivalent delegated Steem power to use as you see fit?
That’s awesome.
I still don’t see how it’s generated though. If you use btc (as per example) and btc goes up by 100% but Steem drops by 90% you still get all of your btc stake out I assume? How?
It's generated with the smt - utility token.
Because The btc is going into a smart contract - this enables the utility token to be unlocked and utilized as collateral for steem-power.
Because it's the smt- utility token enabling the access to the steem - it's backed up as legitimate because the btc is secured in the smart contract. Meaning you can't pull out the bitcoin without relinquishing access to the steempower.
The smt is utilized as a stable crypto that matches up to the value of the btc. For example the smt is always equal to the btc you put into the contract. It also means that the btc in the smart contract in terms of settling/stopping the smart contract is always equal to the initial amount of steempower received. This is an interesting dynamic because it keeps things balanced.
Example:
1 BTC into SMT Contract.
Price of STEEM/STEEM POWER is established relative to the current price of 1 BTC.
Contract is locked in at this rate.
Contract is executed with SMT which results in the steempower being delegated to your account.
If this were to happen - it would be best to settle the contract. As you release your Bitcoin from the smart contract - the steem power delegation is removed.
You could then start a new contract. Which would result in more steem power!
That’s crystal clear. Many thanks for that. I am really interested in this and will definately be taking g part when launched. I would love to help with this but I doubt I am technical enough to offer any useful assistance.
That is amazing!
Wow!! So Cool!!
Thank you for sharing something amazing @worldclassplayer! I will resteem soon!
Send regards for success!
Coins mentioned in post:
Steem power is the best power to hold on to for long term with great benefits profiting double the users :)