Vlog 399: Steemhunt drops a bombshell. A possible better return on investment than bid-bots can offer on delegated Steem.
Bid-bots business model is to give passive investors the best return on investment possible in STEEM.
This is the reason why so many investors delegate to them. You passively get a 15-18% return and that's it, you don't have to do anything else.
I have always said that to compete with bid-bots, projects on the Steem Blockchain will need to find a way to offer a better return than bid-bots.
Investors will chase the better return and will simply delegate from bid-bots to these new projects.
But this is a lot easier SAID than DONE.
Yet it appears Steemhunt has found a way and it will all start from the 8th of April. Here.
I talk about it more in my blog.
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Man I'm such a noob. I really need an advice. I was thinking about delegating 5k SP to some project. I know it is not a lot so probably no matter the project I will be delegating this amount the return will not be amazing... What would be your advice??? Do it? Keep holding it? Delegate to a project that I want to support just because?? Would really love some advice 👍😉
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this is one of those dapps on steem that i’ve been completely ignorant about. i see how much excitement is surrounding it but i just can’t wrap my head around it.
it’s amazing what they have accomplished tho and i think their such an awesome success story because they focused on their community and delivering an exceptional product.
now that your got me interested in it, i have to do my homework on it lol thanks for the update on it man. appreciate the heads up.
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maybe invite me on for a webinar? ;) i'm a mod there from the start. i can tell you all about it! :)
lol man i had no idea. been in my bubble but glad i’m learning about it now.
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no worries, it's easy to bubble in this place!
yes @exyle
Hi exyle. totally agree with you and more people should start paying attention to what is actually happening around them. Steemhunt is quietly going about their business and are doing rather well. They have created huge awareness for themselves and Steem with their IEO which is a win win for all of us on here.
Yup after watching the interview with @project7 by @cryptospa I instantly delegated to them. Steemhunt is paving a new path.
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Thanks for pointing that out, great interview!
Thank you for mentioning me!
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Their way of rewarding investors relies on paying with their tokens. But if investors want a real return and will cash out the HUNT tokens, it will lower the price, reducing the ROI. It's a vicious cycle, not so sure about it.
I hear what you are saying and it may happen, but if you look at the latest figures how quickly they are selling there is a huge demand. Over 1 Million Steem has been locked up for 90 days in their latest promotion and investors are still locking up more. The 2 c launch price now looks really cheap and the team at Steemhunt is protecting the value of the token. I think investors can see that and I will be surprised if they flood the market selling them. They have sold out twice now in 11 seconds and 12 seconds respectively and the next launch in 3 days time will be the same sort of timings again. Who knows what this token is worth as it is the first one from the platform to hit the exchanges.
I guess you could say this about any token.
i'm so glad you GET it ;) -- that's why i went in on this at the start. i can't wait to record a video about this at some point. so much legacy/history about the platform ;)
You found yourself a good project man! Good luck.
yep, knew that from the start and it was kinda the industry i was in when i started posting, i think i have i have the most hunts there now, just over 800 now and i've got a nice stack of HUNT too ;)
Hey @exyle, this is an amazing post with a lot of
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Thanks!
A feather on your cap, hunter!
It is a good experiment to see in action if people will switch their delegation toward Steem Hunt in the near future. Also, we can feel your passion and excitement in your body language. ;)
Indeed! I am pretty excited about it :)
Bring it on, I´m quite bored of bidding bots, I never hated them, but I just don´t use them anymore...
So this would allow a better ROI and probably grab my interest.