You can mine INV tokens by delegating SP and PAL power

in #invitetokenlast year

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Then conventional way to create a steem account is available free of cost with a waiting period(15 days roughly) as well as with a payment of 3 STEEM to create it instantly. Being a decentralized social community, this service is being facilitated by many others apart from the Steemit. There are various dapps who extend this facility to open a new steem account.

Steem.ninja is one of such dedicated service which mainly focuses on bringing new users to steem community. The new users generally required to pay 2 usd with a credit card to create a new steem account with Steem.ninja. Steem.ninja also has a referral program which further encourage the people in this community who can refer new people to this community via Steem.ninja service. There is a personalized link using which the referrer can earn referral reward which is 15 SP delegation for 90 days per new user.

But Steem.ninja very well understood that the process to create a steem account by paying 2 usd through credit card is not a decentralized solution to the upbringing of steem ecosystem. There are many countries where there is restriction to use the credit card internationally. Moreover credit card is a centralized way of payment, thereby to make this process of creating new steem account easy, we need a robust and decentralized solution. In order to achieve that objective, Steem.ninja has recently introduced INVITE token which is also known as INV token. It is a listed token in Steem-engine, so anyone can trade easily. It also allows the steem users to mine INV token by delegating SP or PAL. In order to create a steem account, one INV token is required.

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How to mine INV token?

How much INV token can be mined?

  • Each week Steem.ninja will roll out 300 INV tokens. That will be distributed to the delegators. So the exact amount of INV token received by a user varies every week and depends upon the total delegations on a particular week.

Are 300 INV tokens fixed regardless of the amount of SP or PAL delegations received in a week?

  • 300 INV tokens are to be rolled out initially every week.
  • If the number of delegators will be more, then the roll out INV tokens will be reconsidered for that week.
  • For creation of Steem account Resource credit is consumed and resource credit further depends upon SP. So whatever SP is being delegated, that is effectively being used to create new Steem account and based on that INV tokens are being rolled out every week.

What are the different use-cases of INV tokens?

  • You can redeem INV token to create a steem account.
  • You can trade INV tokens in Steem-engine.
  • If you are a campaigner to bring new people to Steem community, then INV can ease your job and you can onboard more people easily as INV token is a decentralized solution to the creation of steem account.

Is delegating SP to Steem.ninja more profitable than delegating to a bot?

  • Cant't say and we have to do the mathematical calculation. But considering the fact that steem account creation costs at least 3 steem, it is definitely a profitable way of managing SP. Nonetheless you can also trade INV token in Steem-engine.

How to mine INV tokens by delegating SP?

  • Visit- https://invite.steem.ninja/
  • Click on "Delegate Now".
  • Fill the "Steem username" & then click on "Show Available Steem power".
  • Fill the amount of SP you want to delegate to Steem.ninja and then authorize it through steemconnect.
  • Once delegation is done your delegation will be shown in their page after 30 mins.
  • You will get your INV token directly delivered to your wallet in Steem-engine on the next roll out date. The next roll out date is 21st July 2019.

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How to mine INV tokens by delegating PAL

  • Visit- https://invite.steem.ninja/pal
  • Click on "Delegate Now".
  • Enter your steem account name & then click on "Show Available PAL power".
  • Fill the amount of PAL Power you want to delegate to Steem.ninja and then authorize it through steemconnect.
  • Once delegation is done your delegation will be shown in their page after 30 mins.
  • You will get your INV token directly delivered to your wallet in Steem-engine on the next roll out date. The next roll out date is 21st July 2019.

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My experience so far with Steem.ninja & INV token mining

I delegated a very small amount which was 35 SP as that was the maximum amount I could delegate as I don't have much SP. But the moment I saw the announcement of INV tokens, I decided to quickly delegate my SP to steem.ninja as I know even if I dont use the INV tokens for account creation I can still trade it in Steem-engine. So it is always a win-win situation for me. I have already received my INV tokens and yesterday I checked my wallet in Steem-engine and for my delegated 35 SP I have received 0.2297 INV tokens. I have continued my delegations, so hopefully I will be able to mine more INV tokens next week.

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Where to dig more about INV tokens?

Please go through the official blog page of @oracle-d @steem.ninja. You can also get more information from the following resources:-

Image courtesy

  • Steem.ninja
  • Steem-engine

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.

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