If you have been on Steemit for a while you will know that there are two ways to create an account. You can simply Sign Up and wait for 2-4 weeks to get an "Account Successfully Created" email, or you can pay some steem to get your account created instantly.
Thanks to recent updates to the platform code, everyone now knows why the signup process is so tedious. It is because creating new accounts requires Resource Credits(RC).
Basically when a new account is created, someone in the network is delegating it some steem to operate (effectively giving it life) and sometimes the general RC pool is low.
Steem miners(called witnesses) and accounts with huge SP(invested steem holdings) can afford the Resource Credits requirement to create accounts en-masse.
HOW DOES THE INVITE TOOL WORK?
Like I said earlier, accounts with huge Steem Power(SP) have sufficient Resource Credits to create new accounts. This means most accounts cannot create new accounts as their SPs aren't high enough.
Steem Ninja rewards you with Invite Tokens(INV). And when you have enough, you can cash them in to create a new account. Pretty neat right?
According to their announcement page,
• Payouts will happen every 7 days into your Steem-Engine wallet with the number of INVITE tokens you earn in the week.
• We are starting by giving 300 accounts per 7 day period. If you delegate to @steem.ninja you get a portion of the 300 accounts that week depending on how much you delegated in proportion to other delegations.
You can always checkout the next payout date on the timer present at https://invite.steem.ninja/
Earning INVITE tokens are very simple.
Just visit the Steem ninja website - https://invite.steem.ninja/
A delegation tool has already been created. Click on Delegate Now
Put in your steem username and click Show Available STeem Power
Your Steem Power sill be displayed and you can choose how much you want to delegate to Steem Ninja, then click on Delegate
You will be redirected to SteemConnect to confirm your delegation by signing with your keys.
REDEEMING YOUR INVITE TOKEN
When you have succesfully gotten enough INVITE tokens, you can decide to use them to create accounts. The Redeem process is pretty straightfoward.
First go to the Steem Invite Page and click on Create Instant Account with INVITE.
Enter your username and click on Check INVITE Balance
If you have sufficient INVITE balance you can click on Pay With Keychain to create your new account.
The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.