When we started selling Steemit.com apparel on cryptojoy.com we promised that we will use all the profit to support the crypto that produced that profit. In this case the crypto is STEEM!
As round numbers start to appear in our counting, it is time to give you some stats:
- In 2 months we sold and delivered 400 items worldwide! Wow! Thank you people!
- We produced around 2.200 USD pure profit.
Some of you paid with SBD, other with ETH or BITCOIN, but many of you are wearing our products and this is the awesomeness!!!
Without modesty we must say that we helped a lot of people to better promote steemit.com
Without modesty, we must tell you that we think that steemit.com needs more active promoters like us :)
Our medium profit margin for one sold apparel was 5.5 USD. This is how after cutting all the production shipping and exchanging costs we made around 2.200 USD pure profit.
To keep our promise, this is the amount we transferred in Bitcoin and was used to buy 1613 STEEM on Poloniex on 22.08.2016
We transferred all that STEEM in our wallet today. Take a look at our wallet:
But today is a BIG DAY for cryptojoy.com team!
Our new project SteemSupport.com was launched.
We want to promise now that we will keep reinvesting all the profit to help Steemit.com by buying STEEM and that we want to help this community by contributing in creating the best knowledgebase that newcomers (people that will make Steemit grow) need for Steemit.com to grow bigger and better.
The wonderful rewarding blockchain we all want has now a new helpful tool.
Please take a look at our announcement post and if you feel like voting, do it! You will vote for Steemit.com too!
Thank you!
Give, and it will be given to you!
Great work guys! Keep going!
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Thank you!
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Wow! This is awesome!
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Are you leaving it as liquid Steem? Doesn't seem wise, you have no protection from the high inflation that way.
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We will not sell it soon as we expect STEEM to increase short term. One option would be to power up but we must reflect on that because we are not curating too much! Any other advice?
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If you think the price is going up, you could buy SBD and cycle them through the conversion process. It's a gamble, but as long as the price of SBD is below $1, you have the house edge.
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I think the price of STEEM will jump up!
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Very interesting. Did you have to get permission from someone to sell Steemit merchandise?
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No, this is why my promise was that I'll return all the profits in to STEEM.
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great news!
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