Seven months ago, we started the Cameroon Steemit Njangi, a socio-economic activity aimed at fostering social cohesion among Cameroonian Steemians, economically empowering her members, and also enabling them to start contributing their shares for the 100K SP Shares Program.
The Njangi comprises 25 members who own a total of 56 shares as can be seen on the spreadsheet: https://docs.google.com/spreadsheets/d/1j_4l2vDPy1a6Tkgqs_gTKHTyxtPz_WhbPv_Gt5mGcSw/edit?usp=sharing
Below is a list of the Njangi Members and their total number of shares for the 100K SP Shares Program
|SN||Name||Number of Shares||BNS||NBNS|
BNS = Benefited Njangi Shares
NBNS = Not Benefited Njangi Shares
56 shares have so far been given out to 25 Cameroonian Steemians via the Cameroon Steemit Njangi. 44 more shares will be sold in the months ahead.
How the Cameroon Steemit Njangi works
Every week, Njangi members contribute 01 SBD per share and send it to @steem-cameroon. This implies 56 SBD is contributed weekly.
50% of 52SBD out of the 56SBD contributed is then awarded to one Njangi member (Njangi Beneficiary) for their personal use and then 50% is used to pay their shares for the 100K SP Shares Program.
The remaining 4SBD is carried forward until it totals 52SBD to be handed to another beneficiary.
In simple terms, the njangi program will run for 52 weeks during which all njangi members will contribute 1 SBD weekly making a total of 52 SBD of which 26 will be given back to them and 26 used to contribute for their shares.
Last week was the thirty-third week of the Cameroon Steemit Njangi and had @steem-cameroon as Njangi Beneficiary.
We enter the 35th Week of the Njangi with @saxopedia as beneficiary.
At week 34, @Steem-cameroon has already raised over 700 SBD and used it to power up the community account.
- Shareholders will always receive annual rewards besides receiving their regular upvotes as Cameroonian steemians for publishing content in the Steem Cameroon Community
- The building of @steem-cameroon SP to 100K is to serve Cameroonian steemians of the Steem Cameroon community irrespective of whether they are part of the shares program or not.