Steem4nigeria Accelerator Contest Week 48: The Benefit of Investing on Steem through Steemit Platform

Hello Steemians, welcome to my post. I am excited to participate in this challenge which I have talked about "The Benefit of Investing on Steem through Steemit Platform"

---

Which investment method is more beneficial to you? (Steemit platform or exchange wallet) Give reasons for your answer.

Source

The best investment that I have ever seen since I began investing in the financial markets such as cryptocurrency, is Steemit platform investment method that is more beneficial to me. One good thing that I like about Steemit platform investment is that you have multiple ways to grow your investment the main reasons why It is more beneficial to me are:

Steemit platform investment allows one to earn in multiple ways as an investor I can decide to Invest in my Steem power, and then use it to be upvoting other user posts, in return for receiving curation rewards, or I can choose to delegate it to a community that would be upvoting my post, and still be giving me weekly rewards. For example, the likes of @rme, @trafalgar, and other top investors are receiving huge upvotes and daily rewards for investing huge amounts in Steemit.

Another reason why it is beneficial to me is the 2.73% interest rate that I would be receiving daily based on my Steem power. This alone would help to grow my holding. Also, Steemit platform investment comes with peace of mind, and don't have to be afraid of what would happen to my money.

Finally, investment in the Steemit platform is beneficial to me, because it will give me to opportunity to help as many users as I want to help financially. Imagine if my Steem power is 1 million and do cast 100% upvotes on your post daily, you will forever be grateful to me for helping you to grow financially.

---

If you are given $5000 to buy any cryptocurrency of your choice, which cryptocurrency will you buy and why?

Source

Of a truth, STEEM is the only cryptocurrency that I feel more relaxed about holding or investing my money in if am given $5000 to the cryptocurrency of my choice, it would be no other crypto than STEEM cryptocurrency.

Based on the current price of STEEM at the time of writing this post, $5000 is worth 27292.5 STEEM. Now the reason why STEEM cryptocurrency is my choice is because within 6 months I can turn the $5000 into $8,000 or about 40k STEEM.

After all, I will either use it to upvote other users to be earning curation rewards or I will delegate it to a community that would be upvoting my posts and still be giving me weekly rewards, which I will also be receiving daily interest of 2.73 % for having such an amount of STEEM in my wallet.

---

Give a detailed explanation of the benefits of investing in Steem through the Steemit platform i.e., tell us all the aspects in which this investment helps you to make more money.

If you have carefully read the point I have shared above, you will find out that I have highlighted some of the benefits of investing in steem through the Steemit platform. In detail some of these benefits are:

• You will earn daily and cash out daily if you want.

• The rewards are massive if you Invest.

• You earn while you are sleeping and also even when you don't log into the Steemit platform.

• You have the opportunity of helping others to grow financially.

• If you cannot write, you can vote to earn curation rewards, if you have difficulty, you can join curation trails.

• It gives you peace of mind and more means to accumulate STEEM.

Investing in my STEEM POWER is the investment that has helped me to make more money. My Steem power is 6,786 SP which I am using 3,500 SP to vote on other user posts, which is earning me 5.26 SP weekly as curation rewards.

Furthermore, I delegate 2,500 Steem power to Sir Lanka to receive daily upvotes and weekly rewards of about 6 STEEM. In summary, with the amount of Steem power that I delegate to the community, I am getting not less than $2 upvotes daily from the community which has helped me to make more money.

---

What are the challenges associated with investing in Steem through the Steemit platform?

One of the biggest challenges associated with investing in Steem through the Steemit platform is capital to buy STEEM. Money is the biggest challenge associated with investing in steem through the Steemit platform. An investment cannot come to reality when there is no start-up capital.

Another challenge associated with investing in Steem through the Steemit platform, Is understanding how the process works. Many users still don't know how the Steemit platform works, and some think it is all about writing. Lack of knowledge of how the Steemit platform investment works has been a challenge to so many people.

I am inviting: @choimzy810, @dave-hanny, and @woka-happiness