Certainly, the exchanges have been a viable source of information for cryptocurrency exchange rates and performances. However, when meeting a potential investor who may not understand the interpretation of the charts and candles, it becomes necessary to look out for ways to simplify the "mathematics".
What do you when you are faced with a challenge of how much an investor can recover if they invest in steem? The want for an answer to a similar made me to discover this steem upvote calculator. Maybe you are yet to use @penguinpablo's steem upvote calculator, I think you head to make some computations for yourself.
Yesterday, I told a friend of mine about steem and that he can actually be a part of the blockchain if there are other ways to make money without having to host contents.
I quickly told him that he can actually buy and stake steem for 50% curation. I actually convinced him on that but a question followed which got me jerked off my marketing capabilities that I had to tell him to give me some time.
"How much would I earn monthly if I invested One Million Naira, which is equivalent to $2,778?"
The above question is what I could not answer and I felt so bad that I can't compute this for steem having been here for two years.
I know that steem price as well as other cryptos fluctuate, though, there should be a tool that incorporates the price of steem at each point and tells the possible steem ROI for a defined period of time.
Thanks to @Pennsif for mentioning @penguinpablo and linking him to steem stats in one of his post today. I headed to Penguinpablo's blog there to discover Steemnow. I think that's an effective tool to help me guide investors who wish to come to steem.
I do not mind painstakingly plotting a manual curve for this in my local currency. When the model is validated, I hope we'll find a developer who can work with the data for a simple tool.
I personally took to Microsoft Excel to make a manual quick plot of the relationship between Steem Power and Upvote value received at 100% Voting Power and 100% Voting weight.
It is important that beyond contenting , we scale to acquire knowledge as to what value our time is really generating here on steem as well as see the level of risks taken by steem curators. Sometimes, if we are lacking in this knowledge, we may fail to appreciate tiny love curation that we receive.
Proof of Work
Belos are some screenshots of the computations engaged to test the tool.
