I have written in the past that the more clear it becomes where a project is going the investment will be less risky but the potential for profit will also be less because you will have to pay more to get in.

Now that it's pretty clear the STEEM blockchain is maturing, not only in development but also in price, I find personanlly more difficult to recommend to anyone to buy it. (Even though I think it will go much higher). It was just easier when it was 15 cents.

I would however always recommend anyone new to crypto to join Steemit and start creating content to take their first steps in the fascinating world.

I do love thinking about the potential of this blockchain and do that every single day.

A lot of the development around the STEEM blockchain is not just coming from Steem inc. A lot of community members build amazing tools and frontends. Some are very well known like D.tube, busy.org, Esteem and Steemify ;)

But some are not. One of them is STEEMBAY.

I have been contacted by user @pollux.one if I could shed some light on that project.

STEEMBAY allows you to have auctions, just like eBay, on the STEEM Blockchain.

How does it work?

1. If you want to sell an item or service on the Steem blockchain you make a post about the item you want to sell and include all the info you want to share about the item and include photo's and shipping details.

2. You fill in #steembay as the first tag and the language of your choosing as second tag (english is standard, "fr" for french, "spanish" for spanish, "tk" for turkish or "deutsch" for German.

3. After you post the steembay bot will comment on your post with instructions and you can start the auction!

Take a look here for an example auction.

Example Auction: Steem Umbrella by user @demotruk.

What I like about this project is that it works. And yes, maybe it's still rough around the edges and there is room for improvement but it does work.

I do believe this project has a huge potential for the future and I will follow it with interest.

Thinking about selling something? Be a blockchain pioneer! Give it a try :)

I talk about it in my vlog from @2.37.

I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.

We build Steemify a notification app for your Steemit account for iOS.

Get it Here: