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Steem account holders have transferred over $300,000 to one Venezuelan exchange since it opened at the beginning of 2018 by abh12345

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· @abh12345 ·
$60.76
Steem account holders have transferred over $300,000 to one Venezuelan exchange since it opened at the beginning of 2018
Orinoco, an exchange in which STEEM and Steem Backed Dollars can be traded for Bitcoin and The Venezuelan BolΓ­var (VEF), has received over 65,000 transactions in STEEM or SBD from over 3300 unique Steem accounts during this time.
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![image.png](https://ipfs.busy.org/ipfs/QmPhN77tCtx4X9gi8aKCzWCrtkygfemKKyN1rdcyLNTVkT)
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# 
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![](https://cdn.steemitimages.com/DQmd2QdEsixcuZsSAPpQonKqQvrkRCKxpJStYxEMPWafgGs/image.png)
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#

<center>
![USD Steemy.png](https://cdn.steemitimages.com/DQmREucBuGQathMfMx4xSR8zA2N4g8xHyk3UMjSWD8p15vi/USD%20Steemy.png)
</center>

<sub><b>The USD value of STEEM and SBD used in the calculations were the closing prices each day as displayed on coinmarketcap.com</b></sub>
# 

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# 
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. 

Learn more and create your Steem account here: https://www.steem.com
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vote details (561)
@acidyo ·
$0.29
It's a bit disappointing how little you hear what Steem does for countries like Venezuela and the people there, meanwhile a $10k donation by Coinbase gets all the hype who are a multi-billion dollar company while Steems marketcap is around $60 million. 

It's all about marketing sadly.
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vote details (9)
@abh12345 ·
$0.02
It seems that marketing is a big factor - we can help :D
πŸ‘  , ,
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vote details (3)
@jaylordlobitana ·
And this is why spreading steem awareness plays a great role.😊

Posted using [Partiko Android](https://partiko.app/referral/jaylordlobitana)
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@yonnathang ·
$0.06
Certainly, even we ourselves sometimes don't speak enough. explain how steem has helped us to get ahead with our daily expenses.
πŸ‘  
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vote details (1)
@angelica7 ·
hey hey @abh12345 nice to meet you again with this post.
Orinoco is a great team of young Venezuelans who believe in Venezuela and are betting on giving love to this country that needs it so much. Thank you for making public the work of this great team, I am sure that you have greater visibility and many this chain will be able to know their work.

@acidyo , as there are users who only make a publication and then leave, do not think that it is due to lack of interest, perhaps it may be that the conditions for us Venezuelans to make publications are increasingly complicated, when we only have 4 hours of electric light, we can hardly have an internet connection, however, many users remain active working, participating in activities, making talks about steem in universities, in schools, and providing time, effort, and love for this block chain

Maybe we are not the ones who invest the most money, but we have managed to stay active.

I wish you all my best wishes and good vibes. This chain is wonderful and I will continue here for many more years. :)
πŸ‘  
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vote details (1)
@blazing ·
That's massive and mind boggling stats
πŸ‘  ,
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vote details (2)
@blessed-girl ·
I met steemit last year, the money for our work is not enough and we had to look for alternatives. My husband searching YouTube, some alternative, saw video about steem. He commented to me but I could not believe that there was something where you were paid to publish. My husband started working on steemit and was trying to convince me, but it seemed crazy or a lie. I told him that I would try it and it was when we created my account, in January 2018. I was testing and I liked the platform, I have never liked social networks because there is no interesting content for me, however, in steemit there is a lot of variety of content and I liked that.
 
...then I did not know how to change coins to bolivars, because really the situation here in Venezuela deserves it, it is impossible to live alone with the salary. Today the minimum basic salary is equal to or less, (depending on where you buy it), at what a kilogram of meat costs.

I didn't know how to change my coins and I made a post asking how I could change my coins. There a girl told me to use orinoco.

With orinoco I made my first change, and I have used it a lot, they are reliable.
Steemit has really been a blessing to our home, with steem we have paid for my oldest daughter's school, and we have bought food.

**Thanks to all those steemians who support my Venezuelan people at the moment, I am sure that when Venezuela comes out of this crisis, all of us who are benefiting today and helping with steemit will be the first investors !!! because we are grateful and this great help that is steemit, we will never forget.**
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@cervantes ·
Yes. The trending tag has been #spanish but in the venezuelans would talk their own language it would have been #venezuelish. Im not sure about the numbers, but I'd say that more than 95% of the post writen in spanish are writen from venezuelans. The on-boarding on that country have been massive over the last 3 years. Users are good and add value to the chain (specially those who write high quality content) but there is also a lack of investors. And we all know what happens if people only sells and no body buys.
πŸ‘  
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vote details (1)
@abh12345 ·
Yeah, the lack of investment is there but there are obvious reasons for that.  The sum is really only a small % of the total earnings by accounts on Steem, but it's a noticeable amount for a country going through troubled times.
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@codingdefined ·
I must say Steem will be very useful or even crypto currencies for that matter, to all third world countries or developing countries. 
πŸ‘  
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vote details (1)
@abh12345 ·
Yep.  A Venezuelan has commented that they like the fast/free transactions - hopefully the message spreads.
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@crypto.piotr ·
Those are indeed impressive number @abh12345

Do you have any idea how much Steem Inc. sold within same period of time? I wonder if STINC sold more that all venezuelans alltogether....

Upvote on the way! :)

Cheers
Piotr
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@abh12345 ·
I have no idea but I suspect more than $300k worth.  Thanks!
πŸ‘  
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vote details (1)
@cyberblock ·
That's unreal! Keep up the good work! :))
πŸ‘  
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vote details (1)
@dalz ·
Facts like these needs to be on trending and on the portals of crypto news webs.
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@abh12345 ·
Agreed - some data work for you somewhere :)

I pushed it to Twitter, it has been shared a little which is nice.
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@dinaudic ·
Good, friend. I often use Orinoco when I need to sell Steem or SBD for basic needs. Steem is very fast for transaction and that's something I like very much.
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@abh12345 ·
I'm glad Steem is supporting you in these trying times.
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@dulce160 ·
buen proyecto donde nos beneficia a nosotros los venezolanos. saludos
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@abh12345 ·
Gracias :)
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@frandelis ·
Me gusta mucho tu articulo, Soy Venezolana y es una realidad gracias por el aporte @abh12345.
mi blog @frandelis por si quieren visitarme encontraran un poco de mi vida y otras cosas interesantes.
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@abh12345 ·
Gracias @franselis 😁
properties (22)
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@fredkese ·
Great to know what steem is doing for the people of Venezuela in this hard economic times
properties (22)
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@abh12345 ·
Yeah it's good to present the positive in this situation I think.
properties (22)
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@fredkese ·
Definitely 
properties (22)
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@galatas · (edited)
Leo y vuelvo a leer tantos comentarios que hablan de steem como una alternativa viable para los venezolanos.
En estos momentos que la plataforma se encuentra amenazada de extinciΓ³n con motivo de la falta de inversores, es momento de pensar a futuro.
Comprar steem tambiΓ©n es una forma de revalorizar los bolΓ­vares
properties (22)
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@holoz0r ·
$0.20
What percentage of the country's GDP in USD is that?

Posted using [Partiko Android](https://partiko.app/referral/holoz0r)
πŸ‘  ,
properties (23)
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vote details (2)
@abh12345 ·
Very small looking at the 2018 GDP, but at least it's something (I cant work out the number of 0's after the decimal point)
properties (22)
authorabh12345
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@jordangerder ·
Steemit covers most of my daily needs from university to home, and I'm excited that it exists and that people who have power support my content, make this economy a little better in this Venezuela with ties, good research friend ...
properties (22)
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@abh12345 ·
That's pretty cool isn't it.  And imagine if you and grow your stake and the market turns? :)
properties (22)
authorabh12345
permlinkpwyboq
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@joseacabrerav ·
Steemit es la oportunidad que tengo de ser un artista sin tildarme de un color politico y llegar mi mensaje a cualquier persona en el mundo estando en Venezuela, nunca he invertido dinero en la plataforma pero invierto mi acciΓ³n, mente y espΓ­ritu, me alegra ver tantos comentarios de apoyo a Venezuela y a la gran evoluciΓ³n que muchos artistas y creadores han podido obtener gracΓ­as a Steemit, en pocas palabras y llevandonos por la termodinamica: Steemit permitiΓ³ que el sistema no muriese y avanzara a un orden mayor, sin esta pΓ‘gina no sΓ© donde estarΓ­a al dΓ­a de hoy.


>> Steemit is the opportunity I have to be an artist without calling myself a political color and getting my message to anyone in the world while in Venezuela, I have never invested money on the platform but I invest my action, mind and spirit, I'm glad to see so many comments of support for Venezuela and the great evolution that many artists and creators have been able to obtain thanks to Steemit, in a few words and taking us by thermodynamics: Steemit allowed the system not to die and advance to a greater order, without this page I don't know where I would be up to date.
πŸ‘  
properties (23)
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vote details (1)
@melinda010100 ·
I have a couple friends that I made here two years ago who use their Steem earnings to help feed their families.  I not only upvote and send tips, but I send care packages when I can. We can't send them food, or medical supplies. Who knew that cake decorating sprinkles are considered food and that cotton balls and Qtips are considered medical supplies! But I can send personal care items like shampoo and toothpaste. Shipping costs are outrageous, but it makes me feel good to help where I can! I can't imagine trying to live on $2 a month. @denissemata posts every day and has worked hard at learning to post in English. She and her mom live alone and I know she appreciates all that Steem has done for her. 
properties (22)
authormelinda010100
permlinkre-abh12345-2019828t20152321z
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@abh12345 ·
Oh wow, that's really kind of you Melinda!  

It's really honourable for the likes of denissemata to improve her English for a wider audience, and I'm glad that Steem has helped towards making ends meet.
properties (22)
authorabh12345
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@melinda010100 ·
I do love how easy Steem makes it to help others. 
properties (22)
authormelinda010100
permlinkre-abh12345-2019829t10434663z
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json_metadata{"tags":["steem"],"app":"esteem/2.2.0-mobile","format":"markdown+html","community":"esteem.app"}
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@newageinv ·
$0.04
That is amazing and shows how valuable Steem can be to those that live where a couple of dollars a day can make a big difference!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
πŸ‘  , ,
properties (23)
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vote details (3)
@abh12345 ·
Right! It's an impressive sum earned through creating content, and also playing games like Splinterlands.
properties (22)
authorabh12345
permlinkpwx5y6
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json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-27 23:44:33
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@ocdb ·
re-abh12345-2jhorr-steem-account-holders-have-transferred-over-usd300-000-to-one-venezuelan-exchange-since-it-opened-at-the-beginning-of-2018-20190827t235139607z
You got a 46.75% upvote from @ocdb courtesy of @abh12345! :)

@ocdb is a non-profit bidbot for whitelisted Steemians, current min bid is 2 SBD and max bid is 12 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our [Discord channel for more information.](https://discord.gg/k2Hu77b)


If you like what @ocd does, consider voting for [ocd-witness through SteemConnect](steemconnect.com/sign/account-witness-vote?witness=ocd-witness&approve=1) or on the [Steemit Witnesses page.](https://steemit.com/~witnesses) :)
properties (22)
authorocdb
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@oivas ·
Didn't get your message.. It is a well known fact that Venezuelans are banking on cryptos (and Steem) to tide through their domestic challenges.. So, yes, this would be true..

Is your intention to let us know? .. In that case, thank you!

Posted using [Partiko Android](https://partiko.app/referral/oivas)
properties (22)
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@abh12345 ·
To let Twitter know :)
properties (22)
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@oivas ·
Damn, when I read my comment, it sounds so rude.. .Apologies, buddy @abh12345!
properties (22)
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@abh12345 ·
No worries.  I think it's a well known fact to those close to the space, but the message that Steem is helping, spread as wide as possible is a good thing.
properties (22)
authorabh12345
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@organduo ·
$0.05
I hope people from Venezuela understand that if they cash out ALL of their Steem earnings, they will never bootstrap themselves out of poverty. Long term thinking is a must even though it is extremely painful in the short term.
πŸ‘  
properties (23)
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vote details (1)
@abh12345 ·
Yeah, i'm sure the goal is to keep some here to grow, but I can't imagine how difficult things are over there right now.
πŸ‘  
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vote details (1)
@orinoco ·
Greetings @ abh12345. The @orinoco team is grateful for the time spent writing this post.

@orinoco has bet on the steem blockchain and has dedicated itself to this niche market, thus transforming the Creativity of Venezuelans into reality by converting their Steem and SBD to VES (Venezuelan Currency) in a simple, fast and safe way. We have also used these coins for Venezuelans who emigrated and send remittances to their relatives within Venezuela, giving them greater usability and promoting the coins within the Steemit community.

We currently have new services in our [Website](https://orinoco.io/) where the change from BTC to VES (Venezuelan currency) and Nectar was added, which is the internal currency of Orinoco which is backed by dollars, 1 Nectar equals 1 Dollar (1NTO = 1 $) and can be changed to VES and BTC.

We feel committed to our users, which is why we are developing to offer more services with the ease, security and speed that characterizes us.
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@sniper555 ·
Amazing :)
πŸ‘  
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vote details (1)
@steem-ua ·
#### Hi @abh12345!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 6.717 which ranks you at **#127** across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 115 contributions, your post is ranked at **#77**.
##### Evaluation of your UA score:

* You've built up a nice network.
* The readers like your work!
* Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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@streetstyle ·
$0.04
Pretty cool post. I have known of Orinoco from some of the Venezuelan Steemians, and now that you did a little background search into them, maybe more of them will learn of Orinoco too. Take care @abh12345
πŸ‘  , ,
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vote details (3)
@abh12345 ·
Thank you @streetstyle.  As you stated above, Steem is doing it's bit for this financially troubled part of the world and I think we should broadcast the positive.  Cheers!
πŸ‘  
properties (23)
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vote details (1)
@teresah ·
Many see it as negative, but fortunately steemit exists, I can't save, turn on steem or participate in projects like #spud because the truth is that I work daily on steemit to cover my basic needs and those of my family. Steem is a blessing.
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@theonlyway ·
$0.19
Do not imagine that you would take the time to mention this situation. I explain from the perspective of a Venezuelan who thanks God that Steemit exists.

The average monthly salary of a Venezuelan is approximately 70,000 bolivars, although the minimum wage is 40,000 is a large number, right? but that equals about $ 3.5 per month "for this hour."

A rich country with significant social inequality, according to a study conducted in November 2018, 48% of Venezuelan households are poor, and since that time things have not improved economically.

so you have an idea, a dozen eggs cost approximately 30,000 approximately, which is approximately $ 1.5 today

but as I mentioned, an average monthly salary is equivalent to 70,000 bs.

I know that maybe for some to change Steem or Sbd to Fiat is something that is not suitable for the platform, but if it's about changing to survive, I think it's valid.

The effort made by a Venezuelan to publish is Titanic, the internet signal is not very good in many places and lately there have been failures of the national electrical system.

This system has succeeded in ending the social middle class and the poor are poorer.

I have never made a publication about my economic situation, I prefer to publish about things that make me forget what is seen day by day in the street, I think I depend on God, who is the one who provides me, it is only about moving forward with God , that is what we call faith.

I am struggling to advance my family, continue working, praying to God.

note: when I mention that "for this hour" is that last Friday $ 1 cost 16,500 bs and today costs approximately 20,500bs.

https://media.tenor.com/images/9ca6cae35b7d3a681b19c98ddbbdcc7d/tenor.gif
πŸ‘  , , , , ,
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vote details (6)
@abh12345 ·
Thank you for your comment @theonlyway

I do not envy your situation and I'm glad that Steem is helping in some way.

Your creativecoin post was really nice, I will be voting more of your work there :)
πŸ‘  
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vote details (1)
@heimindanger ·
The ex-president of my country once said something pretty sound: "If you don't like France, leave it". 

Why don't you leave Venezuela?
πŸ‘  ,
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vote details (2)
@fitinfun ·
They cannot get passports in the vast majority of cases, @heimindanger. Cost is one reason and the rules of the country are some of the others. This is why some people walk out if they can and then become refugees somewhere. 
πŸ‘  
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vote details (1)
@roadstories ·
Do you have any idea how much money it takes to get out of my country? If you don't know, don't ask that, it's a very big cost, which people don't have in their majority.
πŸ‘  
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vote details (1)
@theonlyway ·
$0.12
jajajajajaja as if it were easy to emigrate, when you have a family (a wife and two girls of 9 years and 3 years) when you have your own home, to live in another country in a rented house and added to xenophobia, it is not easy.

I have faith that Venezuela will be a big country and we must continue fighting to get out of this system of government, with the help of God.
πŸ‘  , ,
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vote details (3)
@randr10 ·
So sorry to hear about your troubles and that of your countrymen.  I was following the situation there for a while and I can tell by your post here that it's only continued down the same awful path.  Hopefully the people of Venezuela will soon get real relief in the form of economic freedom.  It's no skin off my behind if a person in need like yourself pulls money out of this online economy and benefits from it.  In fact I, and I think most of us here on Steem, feel the same way.  Steem on brother.

Posted using [Partiko Android](https://partiko.app/referral/randr10)
πŸ‘  
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vote details (1)
@abh12345 ·
Totally agree.
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@tryskele ·
This is interesting @abh12345.  I see this as something good. You're saying unique accounts, so to me that is 3300 families in Venezuela not starving. 
πŸ‘  
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vote details (1)
@abh12345 ·
Thanks, yeah, I do too.  People have mentioned the lack of investment but we can't really expect much of that given the situation there.
properties (22)
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@victoriabsb ·
Well, if you see our economy right now our minimum wage is currently less than 2$ a month,  I have a baby 11 months old right now and i had to have a c-section to deliver him and guess what? Steem actually help me pay for it! Steem has actually help put food in my family's table and i am so so grateful for that! 

I know a lot of people from my country do spam and are shit posters but i know a lot that are such good content creators and give value to the blockchain. that is why i dedicated part of my job in the blockchain to teach those people to do better.

i'm currently powering up all my STEEM rewards and only living off the tokens from the tribes i'm in, my goal is to reach 500 native SP all from posting.

@orinoco is the best exchange we have so far the most reliable and fast, also it has the best exchange rates.
πŸ‘  
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vote details (1)
@votovzla ·
Steem has recovered the dream of many Venezuelans who are still in the country. I think more marketing is needed to see what this platform does for a country.

We as a project help that beyond changing the steem to bolivares, is to grow as a person and so the platform grows. 

Orinoco has been a great support to turn what we do into steem.
πŸ‘  ,
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vote details (2)
@weedcash.rewards ·
Good to know.  It's a high volume exchange for STEEM I never knew about. 
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@abh12345 ·
It is doing OK :)
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@yonnathang ·
$1.27
Unfortunately, I'm one of those Venezuelans who swell that list.

Every steem I sell is out of necessity. I try to solve with my other entries but here is not enough most of the time.
πŸ‘  , , , , , , , , , , , , , ,
properties (23)
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vote details (15)
@abh12345 ·
When I was looking at the numbers, i saw that in total the SBD an STEEM are almost Identical - it seems that almost all tokens earned are sent out, out of necessity.

It's not a good situation, but positive to see that Steem is providing some income to help.
πŸ‘  
properties (23)
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vote details (1)
@yonnathang ·
$0.17
That's right, buddy. You can be sure that most of the steem we sell is to buy food.

But we're fine! 

We just can't collaborate as we would like with the platform and offer our talent.
πŸ‘  ,
properties (23)
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vote details (2)
@eduardo1611 ·
@yonnathang ni modo asi estamo aqui xD
properties (22)
authoreduardo1611
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@streetstyle ·
$0.32
I see it as a good thing.... I firmly believe that the Steem Blockchain can change lives and the World for the better.... and if that means that you have to spend some Steem for daily needs, then that is a good thing. I do understand that if economically, Venezuela was in a better place, you might not need to spend your Steem or Bitcoin, and I do hope that things get better in your country. 
Take care and Full Steem Ahead!
πŸ‘  , , , , , , , , , , , ,
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vote details (13)
@yonnathang ·
Thank you for those supportive words.

I've been relatively new to the platform, but I've worked hard to understand what it means to work for steem.

Every day I do my best!
πŸ‘  ,
properties (23)
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vote details (2)
@tryskele ·
Isn't that the purpose of Steemit? It helps Venezuelans fill the gap and being you can start an account for nothing it's a wise choice.  We all hope that at some point to make enough to help ease financial struggles. If this were from 100 accounts to me it would look suspicious. 3300 not at all, it shows a community in need. 
πŸ‘  
properties (23)
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vote details (1)
@yonnathang ·
The number of accounts will continue to grow. 

What worries me is that there is very little information on arrival at the platform. Those who have more time do not collaborate for a good understanding of what the blockchain means.

I have understood something, because I dare to review the content in English. But if it were for the content in Spanish I would be without understanding many things.
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