Introduction
In Steem ecosystem the usual registration process until now is either to wait for 7 to 15 days for a normal free account or to create one immediately with 3 STEEM fees. Further, in order to get started in Steem ecosystem, there is a requirement of a certain threshold amount of resource credits. So a decent amount of SP(15 SP or so)is required to comfortably interact and engage in this ecosystem.
As this ecosystem is evolving at a faster rate with so many dapps and so much development around it, the onboarding process is a natural use case for obvious reason. Steem.ninja has been a dedicated service for creating Steem account with a credit card. This also extends referral and loyalty program to motivate people who actively involved in bringing non-steem users to Steem community.
In order to further leverage this effort of on-boarding new people into the ecosystem, Steem.ninja has come up with a new concept in which one can easily open a steem account with a token called INVITE(INV) token. The general users of Steem community can also mine this token by delegating their SP to Steem.ninja account. As resource credit is a function of SP, if a number of users delegate their SP to a dedicated account like Steem.ninja, then they can mine INV token, they can also trade their INV token in Steem-engine, they can also create a Steem account with INV token. 1 INV token is required to create 1 Steem account.
Now with this feature, the process of creating a Steem account further looks more decentralized. As anyone can mine INV token with their SP delegated to Steem.ninja. Anyone can bring his family members and relatives to Steem community by using INV token to create Steem account for them. Even if someone does not want that, they can simply trade their INV token in Steem-engine. So the introduction of INV token to the Steem ecosystem definitely brings a general use-case to the table.
In this segment, I will tell you the detailed procedure of "How to delegate to Steem.ninja & mine INV token", "How to create a Steem account with INV token", & "How to trade INV token in Steem-engine"etc.
Key Points
Every week 300 INV tokens can be mined and distributed to the SP delegators for that week.
Steem.ninja has also extended this facility for PAL Power delegators.
Depending upon the amount of SP delegated, Steem.ninja can further consider increasing the amount of INV tokens per week. For example, if there will be an excessive number of delegators, then they may consider mining of more INV tokens for that week.
The amount of INV tokens showing in the stat may vary at the time of payout. This is because the delegators are delegating as a continuous process and the INV tokens mined are distributed based on the total delegations on that particular week.
How to delegate to Steem.ninja
- Go to https://invite.steem.ninja/
- Click on "Delegate Now".
- Then a pop-up will appear. In the "From" field you need to put your "Steem account username" and then click on "Show Available Steem power".
- Then fill the amount of SP you want to delegate and then click on "Delegate".
- Then authorize the delegation either through "Steemconnect" or "Steem Keychain".
- Then a confirmation pop-up will appear and generally it takes up to 30 mins for your delegation to be listed on their site.
How to create Steem account with INV token
If you have INV token, then you can create Steem account by redeeming the INV token for Steem account. 1 INV token is required to create 1 Steem account.
- Go to https://invite.steem.ninja/
- Click on "Create instant account with INVITE".
- Enter your "Steem username". Then click on "Check INVITE Balance".
- If you have INVITE token, then you can proceed to pay with Steem keychain to create a new Steem account.
How to trade INV token in Steem-engine
- Go to https://steem-engine.com
- Login using your Steem account credentials.
- Click on "Tokens". You can search "INV" tokens. From there you can navigate to "Market".
- In the Market section, you can trade INV tokens.
Benefits
- The Steem account creation process can become more ubiquitous with the introduction of INV tokens.
- One can now easily gift a Steem account to his family members, friends, relatives, etc by easily creating with INV tokens.
- As Steem ecosystem is evolving, more users will join the ecosystem, so the trader can also take advantage of it and can trade in Steem-engine.
- The Steem users can get an opportunity to delegate their SP and can make use of their idle SP too.
- The Steem account creation process becomes more decentralized with INV tokens.
- INV tokens serve a more general use-case in day to day activities of Steem ecosystem. The various use-cases are: the creation of Steem account with INV tokens, mining INV tokens with SP delegation, trading INV tokens in Steem-engine, etc.
Conclusion
Steem.ninja has been actively putting all effort in onboarding new users to Steem ecosystem. The introduction of INVITE tokens by Steem.ninja is one of the best possible efforts to make this onboarding process ubiquitous and the users in Steem ecosystem will get opportunities to mine INV tokens, can trade INV tokens and can also utilize the INV tokens in various ways. I can see everyone getting an opportunity to become a mentor to a new user to Steem ecosystem with INV tokens as they can easily introduce someone with INV tokens. The traders and SP holders will get more opportunities to mine INV tokens and make the most out of it.
References
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.