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

steem4nigeria (74)adminOfficial Accountin Steem4Nigeria • 3 days ago

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Hi friends, welcome back to this space, we are glad to bring to you this week's accelerated contest. We have a very important topic to consider and it about the Benefits of Investing on Steem through the Steemit Platform

Steem is a cryptocurrency just like Bitcoin, Ethereum and others. Steemit is a platform where you write ✍️ and get paid for your valuable articles through the Steem token. Aside writing, you can also get rewarded when you vote on other peoples publication and that is call curation rewards.

You can invest in Steem by buying some Steem token in an exchange and keep when the price goes up you sell and earn profit or you can invest on Steem by sending your Steem to your Steemit wallet and converting it to SP which you will use to vote on other peoples post and also earn curation rewards.

You can also delegate your SP to other accounts and then get a daily upvote and also get some liquid Steem rewards. All of these are benefits attached to investing on Steem through the Steemit platform. In this contest today we want you to tell us what you think about these different ways of investment and their benefits.

Contest Hint

Which investment method is more beneficial to you? (Steemit platform or exchange wallet) Give reasons for your answer.
If you are given $5000 to buy any cryptocurrency of your choice, which cryptocurrency will you buy and why?
Give a detail explanation on the benefits of investing on Steem through the Steemit platform i.e., tell us all the aspect which this investment help you to make more money.
What are the challenges associated with investing on Steem through the Steemit platform.

Contest Rules

Publish in steem Steem4Nigeria community.
Post must be #steemexclusive.
Participants must not use any automatic voting service.
Contest ends when pot expires
The publication can be in any language.
Post must be over 350 words.
The images used must be the author's own or copyright-free. (Don't forget to include the source.)
Plagiarism and the use of AI is prohibited.
Upvote and resteem this contest post. Follow @steem4nigeria if you have not done so
The user must belong to a club (club5050, club75, club100).
Use the following title: Steem4nigeria Accelerator Contest Week 48: The Benefit of Investing on Steem through Steemit Platform
Use the tags #s4nacceleratorw48 #country (example- #nigeria) #steemexclusive.
Use the #burnsteem25 tag only if you have set 25% beneficiary to @null.
Post the link to your entry in the comment section of this contest post. (very important).
Invite at least 3 friends to take part in this contest.
Endeavor to leave valuable comments on other people's entries.
Share your publication on Twitter and drop the link as a comment on your post.
7 STEEM Power will be shared between the top 3 winners (3,2,2 SP) in this contest.
The decision of the jury shall not be contested.

Conclusion

We will patiently be on the look out for your amazing entry for this contest. Do well to give your best by presenting in line with all the guidelines and rules governing the community and steemit platform as a whole. We wish you the very best.

CC:
@xkool24
@benton3
@frequantum
@ruthjoe
@bossj23
@okere-blessing
@sahmie
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