INV Tokens - Mining the Future of Steem Blockchain
I'm not a steem techie, so give it to me simple!
Steem is a blogging/vlogging/gaming blockchain where you can earn rewards (in steem crypto tokens) through your attention. You earn rewards by either creating content that people upvote, or by upvoting other people’s content. Also you can earn by participating in one of the many steem based games like splinterlands.
Steem.ninja is a service that allows people to quickly create an account for 3 steem using a credit card. The INV token was created to allow steem users to mine accounts by delegating (loaning) some of their staked steem to . INV is a token created on the new Steem Engine smart contract platform built on top of steem blockchain.
1 INV token equals one steem account and the process for claiming an account is very simple. You can find all the details on the steem.ninja website here.
What do I mean by mining the future?
When reading the announcement post for Invite tokens, I was particularly impressed with the future potential for revenue streams from this investment opportunity. In the case of mass adoption of the steem blockchain, there will be an influx of people wanting to create an account on steem quickly and easily. I can see the INV token allowing steem users to leverage this future opportunity in a few exciting ways.
Possible Future Token Use cases & Revenue Streams
As part of a blockchain consultancy service to private and public sector. I envision a future transitionary phase in which blockchain technology becomes essential technology for business and governments to operate effectively. In this scenario, INV tokens could be an invaluable tool to provide many steem accounts quickly and easily to organisations paying for your consultancy.
To trade on the steem engine internal market. As the bull market takes hold and the cumulative effect of the massive development on steem during the bear market builds price and speculation, I see a reasonable possibility that many Steem Engine tokens with real utility will appreciate in value. The INV token is somewhat limited in scope for huge value increases as
have set their price for an account at 3 steem. However, as the steem price rises, so will the potential dollar return from swing trading.
Community onboarding. As SMT's (smart media tokens) and community functions are released on the steem blockchain, there could be a massive need for quick onboarding of content communities from outside the crypto world. This has the potential of increasing price or demand of INV tokens. If you have mined and saved a considerable amount of INV tokens this could mean a big payday. Alternatively, if you're planning on building your own niche community you will have a stockload of accounts and a ready-made market of people to encourage to join through discount incentives.
Onboarding friends. Last but not least is the least profit orientated use case. Gift your friends a steem account for Christmas!
Image by PublicDomainPictures from Pixabay
Pros and Cons:
Conclusion
As you can see, the pros far outweigh the cons and from a traditional investment stand point there is little risk apart from the possibility of steem failing as a project. I'm not a 'sugar coat it' type of guy, so I will give it to you straight. The crypto market as a whole is still a speculative market. I'm personally convinced that we're at the beginning of a bull run in the market cycle, but this is no guarantee of anything. Steem is in a transitionary phase with the upcoming hardfork, and any investment in a steem based asset/project should be weighed against your own risk/reward scale.
Do you believe steem will see an increase in value off the back of all the recent development? If the answert is yes, then the INV token could be an invaluable tool for the next phase in steem's evolution.
Feedback for the team behind INVITE Token
Overall my feedback is positive. The delegation process was easy, I gained some vote support from for signing up through his promotional blog and the tokens were paid into my steem engine wallet automatically on the 7th of July as stated.
I would like to suggest that to maintain a clear understanding of ROI for delegators, the team should post regular updates on and
accounts with the changing monthly returns in INV based on the changing levels of delegation from the steem community.
Thank you for reading my review.
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.