Cameroon Steemit Njangi and 100K SP Shares Program Weekly Report | Week 34 - Sunday, 16 January 2022

in hive-195150 •  4 months ago 

FB4CF9EA-5331-4092-9DF9-66E498763BF3.jpeg

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

SNNameNumber of SharesBNSNBNS
1@lukong110
2@thegreens10100
3@mr-greens880
4@verlonji110
5@peacemakers220
6@mbozekobrice110
7@wirngo110
8@chiabertrand110
9@chant550
10@nafisatu110
11@rexiano110
12@fombae651
13@majerius110
14@saxopedia633
15@breeze.com110
16@tifuh110
17@tjeean101
18@metugejacy20110
19@nforyembe110
20@tignoga101
21@asangazinwi101
22@monjuapollonia101
23@ngongha110
24@miss-t101
25@tenguatanga110
.TOTAL564709

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.

By May 2022, these 25 Shareholders are expected to have raised the SP of @steem-cameroon by 28K Steem, and by May 2023, they are expected to have injected 56K SP into @steem-cameroon.

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.

NB:

  • 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.

Written for @steem-cameroon by @thegreens

CC:
@majerius
@saxopedia
@fombae

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