Over the last couple of months, there have been a lot of happenings around Steem blockchain. While SMT has been the talk of the town for quite some time, Steem-engine now is getting more popular and with the recent tribes like PAL & LEO, suddenly the enthusiasm among people has gone up.
Steem.ninja is already in the process of onboarding new people to Steem blockchain using its existing tool. The new user can pay 2 usd fees to steem.ninja with a credit card to get a new steem account which also includes a 90 days delegation of 15 SP. This 15 SP is essential to ensure that the new user does not run out of resource credits for doing various activities like posting, commenting, etc.
As we move down the line there will be an influx of new people to this ecosystem on a larger scale. The current methods to create steem account may not be an ideal solution to onboard on that scale. If Steem price rises then it may not even possible to create an account with 2 USD, it may go up further. So anticipating that @steem.ninja & @oracle-d have come up with a new idea to create a new token in steem-engine and this token is known as INVITE token.
The scheduled rolling out of INV tokens every week is 300 tokens per week and these 300 tokens are distributed to the delegators every week. The steem users can delegate SP & PP to mine INVITE tokens. The mined INVITE tokens are delivered to the Steem-engine wallet every week. The statistics like total delegations, number of delegators, delegators list, estimated INV tokens for every individual, etc can be obtained from the official website of Steem.ninja.
A Quick guide to “Delegate SP to @steem.ninja”
- Visit the official page of Steem.ninja. Alternatively go straight to https://invite.steem.ninja/
- Upon clicking “Delegate Now!” will show a pop-up, insert your username there & then click on “Show Available Steem Power”.
- You will be notified how much SP you have, simply type the amount you wish to delegate to @steem.ninja and then click on “Delegate”.
- If you have keychain installed in your browser then you simply need to click on “Confirm” and then the transaction will be broadcasted in the network.
- Alternatively, you can also broadcast the transaction through Steemconnect.
- Once you are done with your delegation, you can check the Delegators list in the official website of Steem.ninja. If your name does not appear, wait for 30 mins, it will definitely show your name there and also the estimated INVITE tokens you will get to see. But that is an estimated one and the exact amount at the time of payout may vary.
Benefits of INVITE tokens in Steem ecosystem
INVITE token is very new and definitely a welcome move. The concept utilizes the delegation of Steem Power or PAL Power, so it is technically justified to mine INV tokens as creating a new steem account also requires resource credits which are again dependent on steem power. So from that point of view, it is fair enough to introduce INVITE tokens. INVITE tokens is also tradable, so investors can also take advantage of it. The idle resources like SP & PP can be managed in a better way with the introduction of INV tokens and as there is no such limit, every user will be willing to delegate their part of SP and will take their share of INVITE tokens every week. It gives more liberty to the steem users and the onboarding will be more effective with INV tokens. If Steem price will rise, then INV token will further look more attractive.
Conclusion
As steem accounts are being created on a daily basis, this newly introduced INVITE tokens will now be utilized as another resource to mine new steem accounts. Those who mine INVITE tokens now and sell/mine steem account at a later stage when the steem price will go up will get a good profit from investing/trading point of view. For mass adoption also, INV tokens can be a valuable resource.
Disclaimer
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
Images
Steem.ninja website
Related Link
https://steemit.com/invite/@oracle-d/community-feedback-inv-tokens-trading-live-on-steem-engine