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By the grace of God, I hope you are all doing well and enjoying your lovely life with your loved ones. I'm delighted to be here in my great Steemit Crypto Academy community today for week 5. Come take part in the competition. Learning more about Mvest is the conversation subject for this week. So without further ado, let's get to the point of this piece.
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"What is Mvest?" the contest's title enquires. I'd want to let everyone know that the Steem platform uses the term Vest to refer to a unit of measurement for Steem Power (SP). And Million West will surely be mentioned in my article if I mention Mvest at all. In this case, a million vests are prefixed with the letter "M". The second subject is that a user's "vests," which are how the Steem platform really measures a user's Steem power. I want to share it with everyone through this article since I'm out of steem and can't go on any longer.
A user may only represent their ownership and network influence via the Steam Power (SP) blockchain token. In reality, vests are our equity on the Steemit platform. Users who have earned Steem Power may use prizes, other incentives, and other kinds of content to do a lot of good on the Steem platform. This investment is actually helpful since it takes the form of vests that we keep in our wallets.
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Everyone is familiar with the share system used by businesses in our established financial system. Mvest is what we might consider our stake in the Steemit network. And as you are all aware, if we purchase shares in a business and that company grows significantly, the value of the shares we own rises, the firm gains millions of dollars, and we receive significantly more money as well. advantage and our steemit platform will flourish extremely well in the future if we have nice vests on it.
Vest might be referred to as our platform long-term investment. The Steemit platform will, in my opinion, keep expanding in the future. I thus hope that everyone investing Steem Power on the platform will see their Steem Powers grow. As a result, I am more than convinced that he will benefit much from this investment and utilise his Steem from this platform over the next years. We have spoken about the fact that our steam power truly determines how much money is in our accounts.
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On the other side, users may earn Steem, the native money of the Steem blockchain, by posting high-quality content on multiple forums. The Mvest symbol on the Steemit platform represents a user's ownership and influence over one million Steem Power.
Mvest will be given out proportionately more to Steem Power holders. On the Steemit platform, a person's influence and voting power are represented by their Mvest shares. A user's votes have a greater impact on content visibility and rewards the more Mvest they have.
Vests and Steem Power are interconnected. When we stake our Steem tokens on the platform as part of the powering up process, our shares are really given to us in the form of Vests, and we are paid depending on the quantity of Vests that we have in our account. As SP rises, so too will the quantity of Vests we have.
After raising Steem, the quantity of Vests we receive is truly dependent on a variety of factors, such as token performance and market conditions.
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I have 259.299 Steem Power in my Steemit Wallet right now.
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I wrote to 1 SP from 259.299 SP to verify the amount of vest, which is 1,758.658880. It indicates that the amount of Steem Power has an impact on the value of the Vest in terms of SPs.
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ITo check the quantity of Vest for a specific SP value, I have added my entire Steam Power to the delegated block in this case. As a result, we can see that there are 456,018.464636 vests at 259.299 Steem value, meaning that the number of vests is closely correlated with the SP value in our Steem wallet.
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Since you are all aware of this and can see in the photographs up there that I have 259 Steem accessible, I'll verify my account with Mvests presuming I have 35,000 Steem power. To check my Mvest, I'll apply the identical procedure as in the prior question. The screenshot up top displays the Mvest amount, which is 61,553,073.012599 when I placed 35,000 SP in the box.
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And now I invite three of my friends to participate in this post whose names are @suboohi @aaliarubab @artist1111
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Regards,
Achievement 1 Link
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
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Twitter Promotion ✨
https://twitter.com/chahmad0046/status/1677795547913019392?t=2QEisCdMpknvGq8Cf_4icA&s=19
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Always, we receive a lot of benefits from increasing the SP we have, by knowing more about Mvest, we will know better how much it influences our strength in the platform, as well as the benefits for ourselves...
Wish you luck in this contest... 👍👍👍
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En efecto es como lo indica en su publicacion, el Steem power es como cuando estamos invirtiendo en una empresa, a medida que va creciendo la empresa los inversores tendran recompensas y beneficios.
Los Mvest es la millonesima parte de un chaleco, los chalecos y por ende los Mvest se obtienen al encender los steem.
Muy bien explicado, saludos.
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That's great to hear that you have 259 Steem accessible and you're planning to verify your account with Mvests assuming you have 35,000 Steem power. It's important to follow the correct procedure and ensure accurate verification. Best of luck with your account verification process!
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Thank you so much for participating in this engagement challenge of season 10 and week 5 and Vest is really a unit measurement of steem power and I really agree with it and you have explained in a very good way about the relationship between Mvest and Steem
The more Mvest we have the more steem power we would have definitely as you have also told in your blog and conveys good information to us by elaborating all the examples very well as required
You have successfully impart your knowledge to all of us and to all the beginners who don't know about this new term and this post is really informative and appreciating so just wishing you good luck in your entry
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Yes indeed increase in the Steem power increase the value of Mvest and also increase the possibility of getting more rewards from the Steemit reward system. I really enjoyed reading your publication.
Success to you 🤗
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Thank you bro for your feedback
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Always welcome 🤗
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Vest are actually that we can say that these are shares and we can also say that it's our investment at the platform or at the blockchain so if there is a company in which we have any investment then definitely it would be beneficial for that company so we can say that this platform is just like a company in which we have investment so the more we invest in the company the more it will be beneficial for us.
You have successfully explain the relationship between steem power and Mvest and there is a director relationship between both of them and direct relationship means that if one thing is increasing then other thing will also increase and if one thing decrease then other thing will also decrease so its very easy to understand that if your power is increasing then definitely your investment will be increasing and if your power decrease then your investment decrease and as a result it means Mvest decrease
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Your welcome
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Saludos cordiales 🌺
Que bonita y organizada publicación, te felicito.
Me alegro que hayas podido participar y darnos tus impresiones sobre el tema de esta semana.
Se nota que dedicaste el tiempo para comprender acerca de cada punto exigido. Nos diste respuesta certera y cumpliste con lo requerido.
A medida que potenciamos podemos adquirir más influencia y poder. Los Mvest aumenta y eso es excelente para nosotros. No perdamos el interés sino al contrario cada día debemos estar comprometido. Excelente trabajo, le deseo éxito en desafío 👍
Feliz día ☀️
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