How to Save Steem 😉
In January of 2020, Mr Mark Zukerberg 🤠 became fed-up with the slow pace of negotiations regarding his prize cryptocurrency and when approached about a small loan to start the project called Facebook Utility Token he decided to lend a few thousand dollars to a startup group. 🤑This group created a Token on the Steem-Engine sidechain called the Fabulous Utility Token or FAB 🤵🏻Token for short and the Tokens will be referred to as FABs. The project is known as Fabulous.io and features a common social media signup procedure in which you use a username of your choosing and a password and if the account name is not taken you can open an account almost instantly. You then can start posting the same day.
You will be assigned both a Steemit account and a Fabulous.io account. The administration of Fabulous.io will manage your Steemit account. Which means they will maintain your wallet security for you, unless they get hacked. 😱
They will keep track of your rewards and periodically when you hit certain milestones they will power up your account, so your likes or upvotes on Fabulous.io are worth more FABS. 👨🏻✈️
You can request to cash out your rewards and your FABs can be sold on the Steem Engine DEX and then transferred to an External Exchange where your Steem will be sold for dollars. You will then get dollars direct deposited in your bank account. Alternatively you can transfer your FAB to another user anywhere in the world. You can also send money to Fabulous.io to buy FABs for you. The administration will take care of buying Steem with your fiat and then Purchasing Fab.
Your Fabulous.io posts will now simultaneously post on Facebook. But you must post on the Fabulous.io site to get paid.
This project will create demand for Steem and save Steem as demand for Steem to power the accounts of Fab users grows. 🚀
✍️ Shortsegments