Introducing "INVITE" Token: Mine STEEM Accounts Through Delegation!
The Problem
Creating accounts on STEEM is not free. Not everyone wants to pay $2-$5 for a social media account. After HF20, using your RCs, you can claim accounts but for that, you also need to have enough SP. Newer accounts don't have that leverage in general.
The Solution - "INVITE" Token
Since we have the RCs and you have some SP to spare, we are introducing INVITE Token to solve the above problem.
INVITE is a Steem-Engine token which can be used to buy accounts from STEEM Ninja Invite Tool.
1 INVITE = 1 STEEM ACCOUNT
Earn "INVITE"
There is only way to get hold of INVITE tokens and that is by delegating to @steem.ninja. For the convenience of interested Steemians, we have made a delegation tool inside https://invite.steem.ninja/. Please feel free to delegate the amount you feel is appropriate for you! Minimum delegation hold period is 7 days to get at least one payout.
Payouts
- Payouts will happen every 7 days into your Steem-Engine wallet with the number of INVITE tokens you earn in the week.
- We are starting by giving 300 accounts per 7 day period. If you delegate to @steem.ninja you get a portion of the 300 accounts that week depending on how much you delegated in proportion to other delegations. If the program does well we will make more accounts available in the future.
You can always checkout the next payout date on the timer present at https://invite.steem.ninja/
Redeem "INVITE" for real STEEM Accounts
- There are simple steps to redeem your INVITE tokens for voucher codes. Which can be used by outsiders to get started.
- Click on "Create Instant Account With INVITE" and then enter your username.
- Pay with KeyChain
Once the transaction is complete, you will then get a voucher code which can be used by anyone to create a STEEM Account. Account will come with zero delegation. The Steemian who invited the new user is encouraged to delegate 15 SP to the new account and make sure that the account is not abused.
You can check your delegation on this page with some interesting estimates & data:
BTW, did you notice the cool stuff? Yes, this one's coming:
FAQs
Q. Can I buy INVITE Tokens?
A. If you want to buy INV tokens, you might think to buy a STEEM Account through https://steem.ninja/
Well, they will be available for trading on Steem Engine after the first distribution is made.
Q. How much I can delegate?
A. It's a free market with limited supply. We are starting out with 300 accounts per week. The more you delegate, the more INVITE you can earn w.r.t other delegations. Game of proportions, you see. Fact Check: In order to create 300 accounts per week, it requires about 1 Million Steem Power.
Q. How many accounts I can buy with 1 INVITE tokens?
A. 1 INV = 1 STEEM Account
Q. The new accounts created after redeeming INVITE tokens will have delegation?
A. NO. The Steemian who invited the new user is encouraged to delegate 15 SP to the new account and make sure that the account is not abused.
Q. How many accounts I can buy with 1 INVITE tokens?
A. 1 INV = 1 STEEM Account
Q. When does payout happen?
A. Every 7 days. To get the payout, your delegation should be at lease 7 days old.
Q. Can I trade INVITE with other Steem-Engine Tokens?
A. Not right now. This will be possible as long as the delegators receive their INV tokens after the first round put their tokens for sale on the market on steem engine dex
Q. Can I delegate any other TOKEN power except SP?
A. Not now but in future we will accept PAL Power delegations too.
If you appreciate the work we do for the blockchain and its members, please vote for our witness @oracle-d by going to https://steemitwallet.com/~witnesses or directly through SteemConnect
Your vote is highly valuable for us and thank you for being a part of this Journey! Also, please do not hesitate to connect with us for any kind of collaborations that can help the STEEM Community grow.
It would be interesting to see how the implementation of the INVITE token would solve the Steem Blockchain's onboarding issue. What type of users do you expect to benefit from the INVITE token mining?
We expect that this will allow for an 'invite a friend' process to happen instantly on steem.
In a couple of weeks we will also open source the steem ninja widgets to allow for any account holder with a number of claimed accounts to tokenise them on Steem Engine, this will allow for whales to easily create liquid markets for their accounts via tokens. Both solutions will bring liquidity, ease of sale and instant onbaording to steem
I know it's a little, but more I stop being minnow XD
congratulations for the great job
the delegation proposal is indeed a good start but I am able to claim my accounts and have been doing so. The option to tokenise my claimed accounts is a lot more valuable to me so I am looking forward to that
This is only useful if you have less than ~3000SP and want new account creation tokens.
You only need about 3000SP worth of Resource Credits to create a single Steem Account Creation Token. If you're considering delegating more than this amount, its probably better to hold onto your own Steem Power and generate the account creation tokens yourself using Steemworld.org
I've added this comment in the interests of transparency.
In regards to the invite token, I am assuming they can be traded in quantities only larger than 1? If this isn't the case, I could see a lot of "invite dust" distributed which isn't a fantastic experience for delegators, and I would encourage this information to be made available to the community.
Even though you might be able to claim your own accounts INVITE has some advantages:
I was able to get 0.6+ INV for my 50 Sp and so i bumped it up 150 more to now 200 SP and I love this option, because during hf19 I was able to delegate something like 15SP for a month and pay 0.1 steem for an account so this is the closest for an account without the what 3K to 7K SP I need for the 1 account every 5 days with blockchain subsidized account creation? like i can do on https://steeminvite.com BUT with my account i cant do that and after hf20 I cant delegate to create accounts UNTIL now! so this is still very very useful and im grateful for this, and hope that there is a way we can get more accounts created maybe with the support of some resource credits by @steem @steemit @misterdelegation by @ned
yeah this is an intuitive interface and maybe we can get a referal program like busy.org ?
If you first delegated 50SP and then 150SP you have a total delegation of 150SP. You can always check your delegation in the table at https://invite.steem.ninja
This is interesting. I'm almost to that plateau. I've never really looked into RC's but I imagine it may be a bit complicated for me at first. One thing I like about this new option is it may be easier to teach the new members how to get their friends accounts
Steemworld.org with the KeyChain browser extension makes it so easy to create a new account token.
oh yeah!!!!! My thing is that i know a few instagram influencers with over 1 million followers each. I want to bring them on, teach them and then bring over their followers. I am reluctant to do so until after the fork. I think the rampant downvoting will turn them off and ruin my real world credibility with them. I have to wait and see what happens.
If you need any free account creation tokens, let me know. I've got a handful, and people who live in the same city as I have many as well.
I anticipate we've got over 600+ tokens sitting on our community's accounts here in Adelaide, South Australia.
They're not for sale, in my opinion, they're for real people with real content! :)
cool. I'll keep that in mind. Gonna wait a bit before I drag someone onto steem right now. It shouldnt be this way but I don't trust the state of things right now. Gotta see how the fork shakes out and watch the whales obliterate newbies for awhile.
I share this sentiment. I recently onboarded a close friend that I have the capacity to support with any questions (ie they can call at anytime sorta friend) but applying that to your target audience probably isn't a sustainable model.
People are busy and they want things to be as simple as possible.
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Exactly. Plus I don't want them tinkering around when whales are obliterating people. I always thought that if whales chopped up 1 of their valuable votes into 10 to 100 pieces per day and randomly voted on people who posted regularly, then we would be a really popular place to be. Everyone is earning! The rich need to supplement the poor in order to stay rich. It is true in every free market economic model that has ever existed.
You need more than 4000SP to create account. I have 5000SP and sometimes only 5% is left.
You can check current costs:
https://beempy.com/resource_costs
If you had 3000SP, why would you not just lease it out on minnowbooster for like 50 STEEM per month and then you have the STEEM to buy 16-17 accounts.
Hey @holoz0r & @ackza,
as you can see in the picture below, actually you need more than 7000RC to claim an account!
Source: https://beempy.com/resource_costs
Cheers!
Amazing work Oracle-D! This taking on boarding to the next level!
Great, this is a great initiative for more people to join steem, yesterday I made a post talking about INVITE because I like the idea, but very brief.
Excellent introduction and explanation about how INVITE works.
Can I do a Spanish translation of this post?, by the way I already voted for oracle-d as witness.
you can do a spanish version
Great, thank you so much for letting me do the translation.
That's great, I thought so. Can you notify here when you post? so I help to share it with the community
Hola @danielvehe, gracias de ante mano. Aquí esta la traducción:
This is a welcome development by the team, thanks for this wonderful introduction...💪💪💓
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this is epic! congrats team oracle-d!
A futuristic approach and a step ahead for Steem. Thanks to @wehmon for bring this up. Pretty interesting how steem- engine is makeing things so easier...welcome INV token👍
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vote @oracle-d witness
And you have My Axe!
@oracle-d
Already done so, they should be top 20
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Delegation done. Now waiting for my first set of INV Tokens. Will be able to instant invite a friend for almost zero fees, which is crazy. ;)
I will always support this. Maybe delegate soon. I like the idea of converting this cryptocurrency to an invite on an account. I hope one day we are scanning invite tokens to each other on phones to build the Steemit economy.
Would you like to receive QR codes if you redeem your INVITE instead of a normal link?