Basics Of Delegations - Beginners Mistake
Alright so this would be a slightly different post on finance. Instead of sharing what is going on around the world, I would wish to talk more about what is happening something closer to us, in PeakD.
So if you have been following me, you would realise that recently I am trying my best to let me assets and resources work for me. For tokens, we have curators and delegating to them grants you extra tokens.
However today, I would wish to talk about something else, slightly different. Now recently, I tried to perform delegations through Hive Power (HP).
How Does It Work?
So, by delegating your Hive Power (HP) to specific account, in return you get some perks such as curation/upvotes, tokens and or liquid Hive daily.
Now this is a snapshot of my HP delegations.
Personally, my favourite right now I would say to be @indiaunited as well as @hive.pizza .
Now for just 101HP delegated, @hive.pizza provides me with around 0.5 pizza tokens. Who doesn't like pizzas right? Haha.
Now for @indiaunited, I would say they provide a really good ROI. With just 100 HP delegated, I am receiving around 0.026 Hive a day. Pretty sound in my opinion.
My Mistake
So I wanted to increase my HP delegation to @indiaunited, from 100 HP to 150HP. So what I though would be, just delegate another 50 HP on top of the 100 HP that I have already delegated. Just stack it up right? But nope, wrong....
So what happen is, they remove/expire the previous 100 HP delegations, and substituted it with my existing 50 HP delegation.
Lesson Learnt
So now the lesson learnt is, if I were to increase my delegations, I would have to assign the number that I want, while the previous delegation get refunded back to me. Meaning, I would need more HP capital. Why? Cause I would need to have the amount of HP that I wanted to add on, on top of the existing delegation (capital) that I already delegated.
I hope this post would be helpful for new users as they begin to delegate their HP for more ROI in the future.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
I am sure this did happed with all of us here those who use peakd to delegate power 😅. Thanks for sharing your experience i am sure another will learn from this no doubt. 😊🙏
Yes, I know right! So I kind of wasted a couple of days without any hive earnings but that's ok! It's always a good learning experience!
And nice job with @indiaunited , by far one of the best ROI so far. Have been actively asking my friends to support too actually! Haha.
Yes that is true for sure, no doubt on that.thanks, we are also learning from past and try to give good rewards to the all the delegators. Thanks for sharing that with your friends
Thanks
My pleasure! I share because it is indeed the one with the highest ROI I have seen so far!
Nevertheless, I do have some issues with the discord side. I am unable to post anything on the #post-promotion. Other than that, @indiaunited is virtually perfect now! Was wondering if anyone would be able to help me out with it
Thanks, you should have tag me me there we can talk the rest there I guess.
thanks
Sure! Thank you so much! Love it!
Good point! Thanks for sharing. 👍🏻
My pleasure! Didn’t want anyone else to have the same mistake so yea! Haha. Learnt it the hard way
I am lucky to read your post and able to know something new. It's really helpful.it will help me not to make that mistake in future 🙂.
So thank you for it .
And Indiaunited is doing great job. I haven't seen others who continuously supporting user like indiaunited.
Thank you! I am glad that the post is helpful! I have a bunch of great folks in this community that has been actively helping me. So it is only right that I pave it forward right now! If you wish, do follow me for more of such posts as I tend to be generous in sharing my knowledge as well as mistakes with everyone! Haha.
Yes, for small time investors like me that slowly crawls my way up, I really do recommend @indiaunited . It has one of the highest ROI among all my portfolio!
Sometimes we learn from our mistakes and sometimes we learn to see the mistake from others 😅.
This time I learn to see you made mistake 🙂.
I think mistake is also necessary to learn something new 🙂.
Yes, it definitely is. So in a way, I payed the price for everyone to learn! I’m ok, as I benefitted as well! Hahaha
Still one question. It is are the same in Ecency frontend?
I'm so sorry, but I still have not tried ecency yet. But if you're keen to know , perhaps I can help you ask the community or discord?
Don't need to rush. I don't need that information for current time. I will ask it in my free time. Just relax 🙂
Hahahah. Sure! Lemme know if you need help with anything. Many people helped me when I just started, so I’m gonna pave it forward
Hmm and then you are left with no more HP to vote for metafrens! :(
Oh, I always upvote their posts! Just that I'm a bit gundu, don't know who's account is in metafriends! Haha. Like those that I know I actually check in daily to upvote wor! Haha.
Actually, pardon me for being gundu, how does HP correlates to upvotes ah?
The more HP you have, the higher your vote power. You have a lot of HP but the reason why you vote is worth close to zero is because you delegated all of them away. You have more than 400 HP but have delegated away 300 HP, so you are only voting with 100 HP. Using an example, an account voting with 1000 HP will have a vote 10 times compared to an account voting with 100 HP.
oh!!! ok ask you ah, by chance do you have any idea? Cause I was wondering, if delegate out and earn more ROI, I will be able to reap more passive income. But if I were to keep the HP and have increased vote value, I too will have more passive income. Which one in your opinion is better ah?
I literally just learnt about HP so trying to figure things out! Haha
There is no right or wrong answer. Personally, I would rather vote on posts myself and support writers that I like. That's all I will say. :)
Ok la, I caught your hint! Lemme get some of my HP back though! Hahahaha. Now my HP still stuck in a limbo, not earning and no power! Haiz....