WHA 50 STEEM BUY IN CAMEROON?
BACKGROUND KNOWLEDGE ABOUT THE VALUE :
ONE (1) steem is about $0.7 (dollars) and 50 steem is 0.7 x 50 which is $ 35 (dollars) .
Then a dollar in Cameroon Francs CFA is 556.80 which therefore 50 steem cost 35 x 556.80 = 19.488 Yes CFA.
Actually this falls bellow the wage package in Cameroon. The wage package start from 35,000frs according to the Cameroon labour code. It is illegal to pay below that as a salary.
Comparatively:
Cameroon is part of a trade in tropical Africa mostly countries in the coast of the Atlantic Ocean called Central African Economic and Monetary Community (CEMAC). These are not very strong economies like the 26 European Nations or the USA, Mexico and Canada trade bloc because these countries have very weak economies and very little tertiary industries. The Value of money is very low and thus pegged to the US Dollars.
FINANCIAL JURISDICTION OF CFA AND THE PER CAPITA INCOME TO ASSESS WHAT 50 (FIFTY) STEEM MEANS TO A YOUNG CAMEOONIAN
CEMAC region uses the CFA which is having Gabon, Cameroon, Equatorial Guinea, Chad, Central Africa Republic under its jurisdiction . Many people
Live under $ 2 a day as income.
Some food stuffs are about a dollar.
Like this my breakfast .
A consistent camerooian steemit blogger can't lack food to eat. We have fried Irish, tea and honey sometimes eggs, matinal, and sugger is added.
We also have some cheap food for lunch like "baton made from casava and egussi pudding"
See mango which is also cheap. A household can have just $1 dollars feed them with mangos a very good food in cameronian countryside.
We also have some
So 50 steem is a huge sum to an average Cameroonian spend in just a day. It can pay the rents per month for a student apartment or a room and parlour in a semi-urban area like Jakiri, Garoua, Maroua, Jumbo, Tibati , Bertoua , Ebolowa etc.
Also this money in a monthly bases can settle electricity bills for an average family of 4 persons for Energizing Cameroon Cooperation the Energy of Cameroon (ENEO) , pay water bills at Cameroon Water cooperation (CAMWATER).
THE IMPORTANCE OF STEEM IN CAMEROON:
STEEM to me is helping me to save money in another electronic format which is also another amazing cryptocurrency. This matches the technological adaptation.
Yes! Earning is enough to me.
This is because I have raise over 277 steem right away in less that three months and this is a part time business to me. I plan to engage , trade buy and we'll these stuffs.
I use STEEM dollars and buy STEEM which in turn I have delegated 50 STEEM to #steemwomen and in turn I can also gain,per month 0.25 STEEM as an investment portfolio who I profit from it.
Also I use 50 STEEM to strenghten by footing power through the STEEM power.
This through a curtain trail I benefit every vote and comment from steem Cameroon.
I also comment or vote manually and benefit there things.
That is how I make my trading and make income.
Most at times I gain STEEM dollars which in turn,I buy STEEM power with and power up to make more investment portfolio.
The rate of unemployment in Cameroon can be reduced in Cameroon if many youths join. It is promising because all of these youths have no jobs and keep using Facebook,and Twitter for no income raising reasons. They keep posting and blogging for free, steam is the first ever promising platform for independent bloggers who don't have accounts that can have incomes through them but keep posting.
I am a proud Steem blogger and I am hoping many Cameroonian guys will discover this treasure put by steam community at their disposal.
As to my level of satisfaction ,
I am quite satisfied with what I get from steem as an auxiliary source of income.
It is very helpful to me. It is diversifying my economic sources and reducing risk.
As, regarding if I make,profits,
I would say I make some profits from steem through my curation rewards as author written content or from curation trail and votes.
I also keep buying steem when I have steem dollar to power my steem.
I keep investing and powering up and I target 1000 steem power. I plan to raise enough money and buy STEEM dollars to power up my steem.
I want to be one of a leading trading partner in Cameroon in the near future.
. @lukong
@klisa
@anumbohbrice
@steph44
@hopelopo
@doctor23
@tifuh
@laura-marley
@young-boss
@bihnadine
@nsainardine
@steph44
@auriol.dino
@calteck
@kingsduke
@faitht
@terrynfor584
@metugejacy20
@wirngo
@calteck
@Shalyne100
@joelbazz
@sallybradez
@frankie97
@amstrontana
@physiotherapistt
@akumbasil
@lukong
@klisa
@anumbohbrice
@steph44
@hopelopo
@doctor23
@tifuh
@laura-marley
@young-boss
@bihnadine
@nsainardine
@steph44
@auriol.dino
@calteck
@kingsduke
@faitht
@terrynfor584
@metugejacy20
@wirngo
@calteck
@Shalyne100
@joelbazz
@sallybradez
@frankie97
@amstrontana
@physiotherapistt
@akumbasil
@breeze.com
@young-boss
Good you've taken a bold step to invest into STEEM and I bet you that you well enjoy the process all way.
Steem is really working head to make sure that STEEM is the same price as dollar and I trust that by the end of the year when they might have succeeded in getting that done, you will have a double yeiding for your investment.
Congrats man, you are on your way to growing bigger than CAMEROON's economy.
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@bongwong tienes toda la razón Steemit se ha vuelto un alivio para todos. Saludos
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