DeFi on Steemit: steem-staking
In the world of cryptocurrency CoinMarketCap ranking is important. Many investment advisors start out here and ask tell their clients to only invest in top 100, top 50, top 25 or top 10 coins, depending on their personal practices. I am always interested in things which could raise our ranking and I think that since market cap determines ranking, and market cap is the number of coins times the price, anything which raises our price also raises our ranking. Therefore, it was with great interest that I read the post about seem-staking by @steem-staking and the other posts on steam-staking by @shortsegments.
I think it is a good investment vehicle because of this information I cleaned from the posts:
Steemit has unparalleled security, with its four keys and master password.
Steemit has uniques security with Steem to SteemPower conversion.
Steemit has no transaction fees.
Steemit has very fast transactions.
Steemit uses only a fraction of its transactional capacity, and since the last HardFork some blocks have zero transactions.
Steemit has baseline APR of around 2.5% per annum which can easily exceed 10-12% in experienced hands with sufficient SteemPower.
Safety of Steem Staking Project
Because with Steem Staking your Steem never leaves your wallet.Your capitol is never at risk from this investment.
The smart contract on Steem Blockchain allows delegation and delegation allows you to Stake your tokens without them leaving your wallet!
When you “Power-Up” your Steem, you change or transform Steem the cryptocurrency into “SteemPower” the unit of influence or value awardment on the Steemit platform. Then you loan Steem Power to other people or businesses on the Steem blockchain, through a loan process called Delegation. Only those who own SteemPower can delegate or loan Steem Power to others, who use it primarily to generate curation awards and share those awards with the owners of the SteemPower. Thus the owners of Steem Power can earn income passively.
I am also very exited about the project bringing new longterm and short term investors into the platform. These investors tend to buy large amounts of Steem, and their purchases create buying power, buying pressure raises the price, raising the price raises our market cap, raising the market cap will elevate our Top 100 cryptocurrency ranking on CoinMarketCap and attract attention to our cryptocurrency and our program. This attention will bring more investors to our platform and add to the buying pressure and the cycle can feedback on itself and potentially sustain a slow steady rise in our CoinMarketCap ranking!
Thank you @steem-staking and @shortsegments
I plan to invest 500 SP
Thank you for supporting @steem-staking a decentralized-finance project on Steem, whose goal is to attract investors to Steem, hopefully new investors buying Steem raises the price, which raises our market cap, which raises our ranking, which raises attention and hopefully leads to more investor purchases. This could lead to a slow steady rise in token price and Steem Coin Market Cap