The Greens Steem Bank Weekly Report: 29 November - 05 December 2021 | Steemit Trade deals, Bank Account created, New Bank logo, 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 $28 - $32 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 | 29 November - 05 December 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/SBD have witnessed a tremendous drop during the week with Steem and SBD trending around $0.47 and $5.6 respectively making this period an excellent moment 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 fluctuating value of Steem/SBD as well as due to Club5050, the bank handled just 03 small trade deals ranging between 2 - 5SBD 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 has one loan with @majerius as you can read here: https://steemit.com/hive-195150/@thegreens/the-greens-steem-bank-loan-agreement-between-thegreens-and-majerius
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 26 of the Cameroon Steemit Njangi and 100K SP Shares program via which @thegreens now owns 18 Shares.
The Power Up Challenge
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The December #SPUD4STEEM Power Up Challenge Report was published as you can read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-vol-20-report-and-prize-award-or-1-301-808-steem-powered-up
This edition of the Power Up Challenge was the last edition for the year 2021.
The Power Up Challenge Report from the premiere edition till date was published a few weeks ago
Ever since we launched, The Greens' Steem Bank has organized 20 Power Up Challenges with over 21,167.8202 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 140 entries from over 50 Cameroonian Steemians as you can read here: https://steemit.com/hive-195150/@thegreens/the-power-up-challenge-report-may-december-2021-or-21-167-8202-steem-powered-up-and-100-steem-given-as-power-up-rewards
Bank Promotional Trade Deals
The bank now offers special withdrawal discounts for #Club5050 members as announced in this post: https://steemit.com/hive-195150/@thegreens/the-greens-steem-bank-pledges-to-award-special-withdrawal-charge-discounts-to-club5050-steemians
During, the week, the bank organized two promotional deals as you can read here:
- #Club5050 Withdrawal Promo: We're buying at SBD at 3,000CFAF and Steem at 375CFAF
- #Club5050 Withdrawal Promo: We're buying at SBD at 2,00CFAF and Steem at 250CFAF
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;
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.
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.