Steem Staking: A safe, passive, decentralized finance, investment on Steemit!
Steem Staking a safe, passive, smart contract mediated form of decentralized finance investment on the Steem block chain. Which is projected to yield a 10 percent annual return on your investment or ROI
Steem Staking Overview
Steem Staking is a passive investment vehicle which is projected to pay ten percent interest on your investment capitol per year, in monthly installments. Steem Staking is simple. Once you set it up no other work is required other then you withdrawing and spending your earnings.
You set it and forget it.
Steem Staking is safer then many alternatives because your money stays in your Steemit Account wallet. Steem Staking follows a two step process that allows you to earn money on your Steem Investment, but simultaneously allows you to maintain complete control over the money at the same time. In the cryptocurrency world this safe form of staking is called
Steem Staking Features
First, a high return on your Investment, I anticipate a 10% gain. Second, a guaranteed Safety of Capitol, because your capitol never leaves your Staking account, it always remains fully under your control. Third, you can stop Staking anytime and withdrawal your capitol. You are always in control of your Steem in your wallet and you can withdrawal from this investment anytime you wish without asking permission. Unlike other blockchains Steem has no transaction fees, Steem is based on graphene blockchain technology with fast, free transactions. Unlike other decentralized finance applications there is no risk of liquidations due to price fluctuations.
No risk of liquidation
Why is Steem Staking Profitable?
Content creators make money for creating content like poems, stories, pictures, drawings, music or videos. Content consumers make money liking or upvoting these different types of content. The amount you get paid depends on the strength of your vote. The strength of your vote is determined by the size of your investment. The bigger your investment, the more you make from liking or upvoting. Steem Staking is big. So we get paid more for our likes, which are called upvotes.
There are rules. Everyone who reads the rules and instructions knows them. I have studied the rules for two and one half years. I use my knowledge of the rules to make money. We call it maximizing your investment.
We know the best time to vote
Your capitol stays in your wallet. We We help you lock up your capitol In a non-withdrawal-able form to keep it as safe as possible from theft. We pay you Steem that you are free to spend or invest to increase your earnings.
You make money while your money is safe in your wallet
Transparency matters. Trust but verify.
The blockchain is revolutionary because the accounting books are out in the open for everyone to see.
Here at Steem Staking we want you to trust us, but we want you to check up on what we are doing.
You can see everything we do. Trust but verify.
Steem Staking Smart Contract Explanation
A brief Technical explanation of how we make this work.
In order to earn the staking interest, you must utilize a two step, smart contract mediated process; First Powering Up powering up your Steem to Steem Power and Second Delegating your Steem Power to the account Steem-Staking. Powering Up changes your Cryptocurrency from liquid Steem to illiquid Steem Power. Delegation means you delegate to Steem Staking the use of the Steem Power, but the actual Steem never leaves your account. Because your Steem is never moved, it remains in your account, under your complete control. A longer explanation is below.
The Safety of Steem Staking Project
I have loaned people money before and it is always risky because once you give someone your money you are now depending on their honesty to return your money ey if things don’t turn out right. You feel vulnerability, but with Steem Staking you never feel vulnerable because your money never leaves your possession. Because with Steem Staking your Steem never leaves your wallet. Your capitol is never at risk from this investment.
Sounds Great! How do I start?
Process Overview to start Staking
New Investors start here. Current Steem investors skip to number five.
- Create a new account via Steem Instant Sign-up LINK
- Buy Steem on one of these exchanges: Binance, Upbit, Bithumb, Huobi Global, HitBTC, Binance, Bittrex, Bitvavo, VCC Exchange, MXC, CoinDCX, Gate.io, WazirX, Poloniex, Upbit, RuDex and Altilly.
- Transfer the Steem to your new account wallet on Steemit
- Power up your Steem to Steem Power.
Current Steem Investors Start Here
- Delegate all your Steem Power to Steem-Staking SEE Picture Guide to Delegation to Steem-Staking BELOW**
- Your done!
- Your account will start receivIng weekly payments starting in about seven days.
- Steem-Staking will list your delegation in the Steem-Staking Report, and the expected date of the first interest payment.
The simplest way I know to delegate is by using Steemworld.
✔️I type www.steemworld.org/@shortsegments into my browser and then hit return.
✔️You type www.steemworld.org/@yourSTEEMITname.
✔️Then once my personal page loads I go to the section called delegation.
✔️Then a box opens and you choose who you want to delegate to and how much.
✔️Follow the instructions
That’s it! Now relax.
You set it, now forget it.
Picture Guide to Setting up Steem Staking, Set it and forget it.
That’s it! Now relax.
You set it, now forget it.
More Information about Steemit and how Steem Blockchain makes Steem Staking Possible
What is Steemit?
Steemit is a social media application, like Facebook, Instagram, YouTube, and Reddit, but on Steemit both content creators and those who like their content to make money off likes, which are called upvotes on Steemit. Additiinally, on Steemit all those different types of content are together in one place. Lastly, Steemit is part of the Internet Revolution called cryptocurrency and the blockchain which allows commerce and banking across borders at the speed of text messaging. It’s this last part, which includes a new financial opportunity where finance meets technology and is call Fin-Tech. Part of Fin-Tech is called Decentralized Finance or DeFi for short.
No transaction fees payable in another token like gas fees.
This smart contract doesn’t require that you buy and pay an additional cryptocurrency to perform transactions. So you don’t have to pay gas fees like on the Ethereum blockchain.
No exercise or liquidation risk.
Because there are no collateralization ratios or loan limits like other on other decentralized finance applications. You never have to worry about your contract bring exercised or your capitol bring liquidated due to short term market fluctuations. This fear of the loss of the capitol investment is common for investors in other decentralized platforms, but not Steemit. When you invest with Steem Staking you don’t need to worry about short term volatility and price fluctuations. Your account won’t be liquidated, so you can relax, you passively collect weekly interest payments and also benefit from longterm appreciation of the chief token Steem.
Steem Blockchain Features which make Steem Staking Possible
The Steem blockchain has three tokens. This is the description from the Steem White paper. First, there’s Steem (STEEM). Steem is the fundamental unit of account on the Steem blockchain. All other tokens derive their value from the value of STEEM. STEEM is a liquid currency, and therefore can be bought or sold on exchanges, as well as transferred to other users as a form of payment. Second, there’s Steem Power (SP) Changing STEEM to Steem Power is referred to as “powering up”, while transferring from Steem Power to STEEM is referred to as “powering down.” Steem Power that is powered down is returned to the user over a period of weeks, via 4 equal weekly payments, starting one week after the power down is initiated. Third, there’s Steem Backed Dollars or SBD. Steem Backed Dollars are worth one dollars worth of Steem and are the Stablecoin for the Steem blockchain. These currencies are related to each other via two smart contracts.
Steem Blockchain allows delegation and delegation allows you to Stake your tokens without them leaving your wallet
When you “Power-Up” your Steem, you change or transform Steem the cryptocurrency into “SteemPower” the unit of influence or value awardment on the Steemit platform. Then you loan Steem Power to other people or businesses on the Steem blockchain, through a loan process called Delegation. Only those who own SteemPower can delegate or loan Steem Power to others, who use it primarily to generate curation awards and share those awards with the owners of the SteemPower. Thus the owners of Steem Power can earn income passively.
The Safety of Steem Staking Project
I have loaned people money before and it is always risky because once you give someone your money you are now depending on their honesty to return your money ey if things don’t turn out right. You feel vulnerability, but with Steem Staking you never feel vulnerable because your money never leaves your possession. Because with Steem Staking your Steem never leaves your wallet.Your capitol is never at risk from this investment.
Steem-Staking is a creation of @shortsegments who has been on the Steemit platform 2.5 years. Shortsegments has written many blog articles on decentralized finance, banking, finance, and investments. Shortsegments founded the communities banking and finance, decentralize-finance and others.
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Title: Steem Staking: A safe, passive, decentralized finance, investment on Steemit!