Why Steem is so Undervalued + How Steem Can Utilise Reddit to Fix This
Hey guys! Do you think Steem is undervalued? If you're like me looking at the potential (future) of this blockchain plus everything that's already been done on it, I feel we can safely say we are objectively better than many other (not naming names) coins with a higher market cap than Steem. Why do I think we are so undervalued? Simply because we don't have the WOW factor since we're such an old blockchain with not much more in development (lol jokes, SMTs!!), we don't have marketing and we lack exposure. Reddit is one of the primary sources of exposure in the crypto world, almost every top 100 coin has their own dedicated Reddit, but Steem doesn't really have one.
This post is a skeleton/summary of my main, more detailed post which I'll post regarding this in the upcoming days!
How Reddit Can Help
We need a subreddit. I made one myself but I realised it's a massive commitment , especially with @crypto.charity being launched I don't think I'll have enough time to moderate it so I'm looking for active moderators! You guys will be doing 99% of the work :)
Click here to have a look at the Reddit and hit that subscribe button if you'd like!
Message me on Discord on cryptoeater#5209 if you'd like to be a moderator!
Why this might help Steem
First, let's look at what my vision for this Subreddit is, any feedback on this vision is welcome!
The Vision
A hub of Steem discussion, where veterans can post updates, answer or ask questions and help newbies get started!
Posting links to your Steemit articles as posts on the Reddit should be allowed. However, PLEASE do not use this as a post promotion platform for unrelated posts
What should be allowed
- Questions about Steemit from newbies and a pinned FAQ section
- Questions about server downtime
- General questions about the Steemit blockchain
- Updates about patches and hard forks
- Suggestions for Steemit's future
- Steem's growth/decline and metrics
What I think should not be allowed
- Steemit posts unrelated to the overall Steem blockchain ecosystem
- Anything unrelated to the Steem blockchain's ecosystem
Features
- Verification tool: link your Steemit and Reddit account by sending a unique memo from your Steem account to some account! This will give you a tag with your Steemit reputation (at the time of verification) and your Steemit name!
- That's all I got for now haha
How This Will Help Steem
- New to Steemit, no idea how to get started? Learn more from the FAQs
- Help expose Steem's potential and developments to a wider audience
- Help expose the Steem blockchain on Reddit, which is (arguably) the largest source of crypto news and information for the majority of Western crypto investors
- More Steemians active on Reddit = more exposure for us, especially on already established subreddits like r/cryptocurrency
- This is a cycle, as more exposure = more users = more questions + active subreddit = more exposure, etc
ANY support and/or criticism is welcome! Feel free to contact me on Discord (cryptoeater#5209)
This article was written at around 4AM in the morning with about 3 hours sleep last night, sorry if I'm missing some information, feel free to ask if you have any questions!
Until the signup process is not ready it's pointless.
upvote for me please? https://steemit.com/news/@bible.com/2sysip
Really a great idea. We must do this. Don't forget to invite me to the subreddit!
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
Every crypto right now is undervalued.
If you analyse every social platform it grow at great heights.
Steemit will be BIG in the futre, you just need a little bit of patience :)
U get nuttin!🔨⚖
r/steemit already exists. It's mostly just a syndication channel though.
Reddit is a very popular site, but since steemit is basically a competitor I don't think you're going to get much traction.
Hola amigo yo soy de Venezuela, ingrese a esta plataforma con la misma intención, ya que mis familia y amigos vivimos una situación muy difícil, me ha costado mucho recibir el apoyo de esta plataforma. Mi deseo siempre ha sido no solo recibir ayuda para los mio sino para muchos otros. Actualmente junto a mi esposa creamos una fudacion para niños y personas que viven en pobreza. https://www.instagram.com/fundacionpequenosdiscipulos Aqui uedes ver un poco lo que tratamos de hacer, hasta ahora solo hemos podido dar apoyo escolar, recibimos muy pocos recursos. Me uno a tu iniciativa¡¡
Hello friend, I am from Venezuela, enter this platform with the same intention, since my family and friends live a very difficult situation, I have had a hard time receiving the support of this platform. My desire has always been not only to receive help for mine but for many others. Currently with my wife we create a foundation for children and people living in poverty. https://www.instagram.com/fundacionpequenosdiscipulos Here you can see a little what we try to do, so far we have only been able to give school support, we received very few resources. I join your initiative!
Steemit is a competitor to Reddit
Thus the reason Reddit will not be as helpful for Steemit promotion and discussion because the most powerful at Reddit want Steemit dead.
It also seems to me that steem is undervalued, and I think part of that is due to the payment scheme used by the platform, which makes it almost impossible for those who do not have dollars to invest to earn enough to reinvest in the same platform and stay with something of profit, I myself have written more than 80 articles of 500 or more words each and despite having almost 500 people who follows me in some of those post the gain is 0.00.
What is the secret to winning on the platform? I interpret that it is designed only for those who have the potential to invest in it, in that case the vast majority of Venezuelans are left out
The true secret is you need to get your steem power to atleas 100 and the to the 1000 level and you need to gind a whale to upvote your every post (this thing helps the most not only he likes and gives you the rewards he can also resteem you and his followers can upvote you as well)
Good luck dude and get more Steem power!