Save2Soar: Crowdfunded Investment Savings Scheme brought to you by SteemAlive. (100% Powered up)
We are delighted to announce yet another project initiated by our lovely SteemAlive community. This Scheme or Project is called Save2Soar. We care a lot about community development, which is why we are constantly brainstorming to initiate projects that will help us grow. We believe that the future success of Steemit lies in building strong and self-sustaining communities where each member is adequately supported. We see SteemAlive as one of such communities. Our think-tank and resourceful team has come up with Save2Soar. We are very optimistic that this project will be a valuable addition in our efforts to make SteemAlive stand strong on two feet. To begin, its nice to explain what Save2Soar is all about.
What is Save2Soar?
Our community is growing in numbers everyday. Through our recruitment and marketing campaigns, we drive member ship growth in numbers. All of these people make posts and need votes. Unfortunately, we are still growing our curation trail which currently votes at nearly $1. We have stressed the importance of members powering up their posts to grow their Steempower. Many are doing that. However, our curation trail is not sufficient to curate all member posts. So in a bid to grow our Community voting power, we came up with Save2Soar.
Save2Soar is a scheme where willing members of SteemAlive save some Steem on a weekly basis. This Steem is accumulated in an account we will setup. At the end of the week, this crowdfunded savings is immediately powered up. We will repeat the process each week until at least 1 year. Gradually, the crowd is able to pull resources together by sending an agreed amount of Steem to the account each week. This account will not be powered down until 1 year. Since the account will follow SteemAlive curation trail, the accumulated steem power will help SteemAlive voting weight to increase, there by giving out more valuable votes to members.
8 Important Questions about Save2Soar answered
How much are subscribers of this project to save weekly?
SteemAlive leadership (@focusnow and all City Coordinators) met yesterday (28/1/2021) and discussed the project in detail. We analyzed how to launch and sustain the project . We decided that each week, those that are willing to join the Scheme must be able to save 10 steem weekly for at least 1 year.
How will subscribers get the 10 Steem to save?
The first choice of earning would definitely not be through Steemit posts. This is because most of our posts are already powered up, and there is no gurranttee that anyone would earn 10 steem from making posts weekly. So, our first potential source of getting the 10 steem is through buying steem with fiat. If anyone is able to earn 10 steem from Steemit, then fine. But that would not be the major way to get the 10 steem. At current rate, 10 steem is a low amount that even students of higher institutions can afford a week. We carefully agreed on an amount that wont be too difficult to earn.
After 1 year, what happens to the accumulated funds/Profit? We want to see how it goes in the first year. But for a start, members are free to take back their savings for the year with the profit if they wish. Since everyone is saving exactly the same amount, it is easy to calculate the profit and share equally.
What if a member is not able to continue due to unexpected events: As we are starting, everyone that joins the program has agreed to lock up the funds for 1 year. If a member stops saving because of unavoidable future events, we will still leave the contributed funds there and release them to him/her after 1 year.
What if the price of Steem goes up so high that contributing 1 steem is no longer possible for majority of the members? The leadership will meet again and analyze the situation and propose a way forward.
Can someone join the program midway? Yes. Provided they have the funds to save from when the contributions started to when he/she met it.
Can Someone not a member of SteemAlive Join: Yes. we wlecome everyone to join, provided they have a means to contribute 10 Steem weekly for 1 year. Users that are not SteemAlive members must go through the community membership requirements before they are allowed to join.
What if I have other questions not listed here? Use the comment section of this post to send your question to us. We will attend to it as fast as we can.
When will Save2Soar kickoff? What else do I need to know?
We are kicking off this first week of February 2021. Each member must send their savings to @save2soar on or before Saturday 6/2/2021. Members are free to send more than a weeks savings to the account. They can send for 2 weeks, a month or more in advance.
At the end of each week, we will make a post to show that all members have made their contribution and the funds have been powered up. We will also include any updates that are necessary such as new members that joined the program or any other matters that concern Save2Soar.
Who are behind Save2Soar?
The leadership of SteemAlive came up with this idea. They are:
@focusnow - Save2Soar Initiator (SteemAlive Founder, Country Representative Nigeria)
@ngoenyi - Save2Soar board member (City Coordinator Uyo, Nigeria)
@talktofaith - Save2Soar board member (City Coordinator Lagos, Nigeria)
@bright-obias - Save2Soar board member (City Coordinator PortHarcourt, Nigeria. Country Representative Nigeria)
@henryglowz - Save2Soar board member (City Coordinator PortHarcourt, Nigeria)
@iamlynxie - Save2Soar board member (City Coordinator Abuja, Nigeria)
@whitestallion - Save2Soar board member (Country Represesntative Nigeria)
@beckie96830 - Save2Soar board member (City Coordinator Abuja Nigeria)
@samuel20 - Save2Soar board member (City Coordinator Aba, Nigeria)
Everything is worth giving a try. No idea comes out fully formed. We hope that Save2Soar would be a powerful tool to enable us achieve community goals and objectives. we are really grateful to all SteemAlive members that have always given our projects maximum support. We count on you again to help us make Save2Soar a success.
We also remain grateful to @steemcurator01, steemcurator02 and @stephenkendal for their continued support of our community. We are really grateful for all.the assistance given. Lets pull our resources together and Soar. Lets Save for the future. Lets Steem beyond the moon!
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