What I Would Do if I have 10 Million Steem Power | By @manuelhooks

The Value of 10 Million Steem Power?

Today being Thursday the 5^th day of January 2023, based on the exchange rate given by the Roqqu platform, one Steem is exchanged for 111.01 Naira. Going by this rate, 10 Million Steem will be 10000000 x 111.01 = 1,110,100,000. That is a whooping 1.1billion Naira.

If a steemit account with 2.5 Million Steem is capable of creating 2,500 Steem power per week.

Then a 10 Million Steem power account will make five time that amount given the same circumstances every week.

What I would do If I had 10 Million Steem Power?

Create a community
If I had 10 Million Steem power, I will create a new community that will serve as the next level after passing through the Newcomers Community, while the newcomers community is aimed at teaching new Steemians about steemit, once they know their way round the platform, the community I will create will help them in the art of writing.
Tasks will be given to help the members develop their writing skills. It will cover areas like:
• Selecting a subject.
• Research for quality and content depth.
• Effective introduction.
• Chronological development of ideas.
• Illustrations with graphics, chats and tables.
• References and citation.
• Effective Conclusion.
• Commenting effectively.
• Writing ethics and plagiarism.

To encourage participation, I will use my massive Steem power to curate entries from participants. This will encourage participation and will also develop the act of writing in Steemians.
Which will ultimately result in more quality posts on the platform, attracting more visitors with more sign-ups, aligning perfectly with the goals of Steemit. But I will also have to work on content posted outside my community.

Contest organization
I will organize weekly contests and it's winners will get my vote and the allocation of Steem power for a while week.

Support for high-quality content on the platform.

With such Steem power, I would read and curate posts that are of high quality in the science, learnwithsteem category, the Fintech and technology category, creative and art including the tutorial posts there by encouraging authors to make posts that are of high quality.

There are definitely some areas that will not really attract much of my attention like posts in the daily journal category, lifestyle, writing, fashion, sport and stories. This is simply because I personally do not have plenty of interest in this areas. To take care of this, the idea of delegation will be implemented.

My Delegation strategy in support of Steem growth.

To encourage writers of articles that are not in my range of interest I will split the 10 million Steem power into 5 with 2 million Steem power each.
I will hold on to 2 Million Steem power to be used maximally for curation.
I will then create three curation accounts with 2 million Steem power each. This account will be periodically managed by reputable Steemians. There will be provisions for the holder to curate their own posts as a reward for the service.

The remaining 2million Steem power will reside in the community account, it will be delegated to Steemians in fractions of 10000 Steem power each. That will be 200 accounts holding my delegation of 10000 Steem power per week depending on their performance in a contest I will be organizing. This will give them an opportunity to make curation rewards for themselves, while they keep contesting to qualify.

Holding on and growing my capital base as the Steem blockchain becomes more popular?.

When well managed, the 8 million Steem power will generate returns on investment with a possible geometric growth. The platform and I will experience growth together.
Individual Steemians who's performance in the contest qualified them for the 10,000 Steem power delegation will also grow.
As Steem grow stronger, the value of our investment will also appreciate.

How to stay safe and secure while handling large amounts of Steem Power?

• The Steem power will be housed in 5 different accounts.
• The access code will be regenerated periodically just to be on the save side.
• Users who manage the accounts will only be entitled to the posting keys. This key is enough to do the work of curating.
• in the event of a snatched device, Steem is safer when powered up. It can not be transfered like liquid Steem. And can always be interrupted during the power down period. So all liquid Steem will have to be powered up.
• the accounts power down status will be verified regularly.