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RE: MinnowBooster STEEM Power Leasing Service Analysis and Independent Audit
Nice work :)
Do you think SP delegation the biggest business on the blockchain?
Part of me wants to promote this nice APR to attract investors, I wonder if I'd think the same if the delegates were analysed to find out what they'd done with their new found power?
DLease is a great way to attract external financially oriented investors, we are starting a big drive for that, as an example we issued a Press Release on Coinidol - https://coinidol.com/offering-passive-returns/ great for Steem exposure. Regarding SM being bigger I’m not so sure, on number of users yes but on turnover volume we have facilitated 20 Million SP in leases since mid 2017 so that’s a pretty big figure, when Steem was at its peak the total lease to date leasebook value was worth upwards of $50 million dollars.
Those are big figures.
Ideally, we'd want the leases to be taken up by businesses wishing to promote a product or service, who can then reward others for helping out. It's similar to what oracle-d are working on, except their aim is to get the businesses themselves to invest in SP. I can see a mix of both being positive in the long run. Cheers.
Yes definitely, this is a great way for businesses and apps to get involved in Steem without having a massive barrier to entry Steem Power cost wise, leasing will be even more crucial when Steem prices soar and attaining Steem become more expensive. Thanks for the great discussion and have a nice day!
the problem is until SBD's get put on markets like Kucoin, Bitrix, Changely, Huboi and Binance, the use of the MinnowBooster / Dlease market are being stunted..... If you offer SBD's for lease payments you might find off Blockchain investors willing to Lease because it is the same as selling Currency pair contract with a tethered fiat.
So an external investor wants to make 16% fixed on his USD investment, look at the 2 scenerios.
Case 1 (present) he buys Steem and leases it out....and over the lease as he gets his payments he has to immediately sell his received Steem to prevent lose from market fluctations. A real headache and if the Price of Steem goes down he's screwed.
Case 2: The investor buys steem and immediately leases it out for a specific amount of SBDs which are based on the spot prices of steem vs sbd at time of contract signing. Over the course of the lease he receives his payments in equal increments OF SBDs, since SBDs are tethered roughly to $1 USD he makes his profit of roughly 16% guaranteed.
This is what investors want, not to be rolling the dice on Leases.
It also has 2 additional added benefits:
This is the by far the biggest problem with the Leasing system right now. And couple of the largest clients we have been working to onboard have expressed these specific concerns with our the Steeminati. We are talking small companies willing to come in with 5-10k budgets for the year who realize that to get onto to the trending pages for their product launches they need to leverage other peoples powered up Steem.
That's not a bad idea, we have discussed being able to pay for leases with SBD and other crypto, but didn't think of lessors being paid in SBD, that would just be a conversion on the internal market, Minnowbooster already does that, it is just a matter of creating a user settings page on DLease and making than an option. Thanks for the idea.
I think steemmonsters is bigger :-)
The APR is a solid way to attract new investors, not everyone that comes to steem want to create content. yes we also need more content consumers but likewise with investors.
As for the delegates, well thats a different story. there are many communities using this service to support their community which is good. I havent looked at the ugly.
Maybe, tough to get a figure on all delegations, bots, public, and private though. I would say more STEEM has changed hands this way, and no, I'm not offering to calculate :P
I know friendsofgondor are, and maybe qurator/sbi/makeawhale?
This keeps many abuse services in work!