This post is an entry for the contest, which is listed here - Weekly Contest Week 3 - Day 4 - Steem Viral Game.
How To Attract Investors to Steem Blockchain? Here I am putting up a concept and the execution process for bringing more people to the steem blockchain.
Image Credit: Official Steem Image
So let's start on the idea and the execution of How to Bring new Investors to the Steem Blockchain.
Concept
How do we attract investors to blockchain?
- If you want to attract investors into business, you show them usecases. More usecases and the benefits for them in the process, the more they are likely to invest.
- We have to show them how they can invest and get their investment and the amount of time invested back. So we also have to jott down the roadmap on how it can benefit them.
- Investors want the customers on the platform. Customers are going to be here if they find the benefit out of the usecase.
So basically we need to show the usecase for the steem and the steem dollar. Once we show the usecase, we are going to attract the customers or you can read it as a reader. Once they start using the blockchain, the investors would find the usecase for the blockchain. And the growth roadmap would attract them to stay on the platform.
This is basically a concept that we have to keep in mind before we can focus on execution of bringing the people to the blockchain. But what can we do about the usecase in order to attract the investors? So let's cover that part.
Execution of the Concept
How do we execute the concept to bring the people to blockchain? Here are some of the ideas that can be executed to increase the activity around the blockchain.
- Arrange contest that asks users to document their favorite restaurants, food spots. This activity would create buzz around the blockchain and more people get to know about steem. Business benefit from the free advertisement and get even encouraged to allow users to spend steem in their shops.
- Arrange options to let users to sell items on blockchain. e.g. say I want to sell my sunflower seeds. I can create a post or the shop page and accept the steem blockchain from there so that user can pay with steem and I can process the orders.
- Arrange NFTs on the platform. Not necessarily for the Art. Steem should support other formats like audio, video, asset files etc. This would keep long term growth through the NFT.
- Arrange local meetups sponsored through the steem or steem dollars. Each user who attend can document the meetup and get rewarded.
These are just ideas and if implemented it can benefit shop owners, small investors, and the chain reaction should attract other big investors into the blockchain too.
Bringing more people to the blockchain would require us to focus on one person at a time. And that action should slowly increase with other people joining in. This sort of the buzz effect would slowly bring more people into the blockchain.
Conclusion
The process of promoting the steem blockchain should not be one time activity. In fact there should be community dedicated to the blockchain where people can document things they have done to attract the investors to the steem blockchain.