WHAT DOES IT MEAN TO INVEST INTO STEEMIT AND WHAT ARE THE WAYS WE CAN INVEST IN STEEMIT BY@fahad8 28/10/2021.
It is my pleasure to participate in this contest, thanks to you steem ghana for given us this amazing contest about how investment into steemit means and ways to invest in steemit blockchain . I am very glad that I am able to participate in this contest and also in this lovely community, steemit is a wonderful social blockchain where each and everyone create content and get rewarded based on the originality, knowledge and importance of the blog to the steem blockchain.
Also steemit blockchain is formed to make life easier to everyday people and for graduate who couldn't find work after graduation to earn crytocurrency not just like mining it like Bitcoin but to to earn rewards through the curation of their own contents on steemit platform.
Once investment in steemit blockchain is done by owning an assets in the steemit blockchain like steem dollar (SBD), steem power (SP) and STEEM. In holding this assets to the growth of crytocurrency and also make it to compete other crytocurrencies in the cypto market.
In this platform there are so many way to invest in steemit blockchain,you can invest in STEEM through by buying Bittrix, poloniex, or Binance and also one can invest in steem by powering up.
THE MEANING OF POWER UP,
Power up simply means converting steem into steem power (SP). The benefits in powering up steem on the blockchain is attain greater and higher steem power on the steemit blockchain.
BENEFITS OF POWERING UP,
In wondering how other steemians have influence on steem blockchain more. Have you ever ask yourself why others in steem blockchain attain upvotes than some people on steem blockchain or earn more comments and payout on steem blockchain.?
Well, you don't need to stress your self, most of the steemians use this as an advantage by powering up their steem and remember the more you power up the higher your steem power (SP) you get and also get more influence on the blockchain.
Steemit Promotion; This is one of the most outstanding way of promotion in steem blockchain by investing more in STEEM which is powering up your SP. A secret reveled there would be a drop down STEEM price when influential members power down in the Steemit platform.
Another benefit of power up and investments in Steem blockchain is earning more money from the platform. You know one can also earn more money from Steem blockchain by self- upvoting.
On the other hand, helping others in Steem blockchain platform,once you are earning more money by self-upvoting,you can also help in voting other steemians to earn high to by your upvotes.
STEPS OF POWERING UP
STEP 1
Here Waiting for your amount.
STEP2
Here just enter the amount of STEEM that you want to use to power up and press OK under.
STEP 3
In this section all you would do is to confirm your details and press the OK under for process.
STEP 4
Here the system will ask you your active or owner key or master password to be secure that is really you doing the transaction.
THE DIFFERENCE BETWEEN POWER DOWN AND POWER UP;
The Steemit blockchain platform has two activist of the price of Steem .The more steemians power up their Steem the more Steem crytocurrency increase in value,On the other hand, STEEM decrease in value and weakens in the blockchain when people keep on powering down.
IN CONCLUSION;
TRX is also an important account in Steemit platform which users must take it seriously because is also in a form of investment which can transfer into Tronlink pool or Binance account to trade with others. Am happy that I am able take part in this contest, I can't thank you less @magcarnie for giving us this wonderful contest and also a big thanks to country reps @nattybongo and more.
THANK YOU.
We can also convert our tron to steem through exchanges with which we can now powerup. This is also another great way to invest in the blockchain
@nattybongo thanks for remembering me really appreciate your efforts
Wow great write up... Thanks for the entry
@magcarnie Thanks really appreciate you
You have been curated by @nattybongo, country representative (Ghana). We are curating using the steemcurator04 curator account to support steemians in Africa.
@nattybongo thanks really appreciate your kind.and also thanks to @steemcurator04
You are welcome