Most Hive and Leofinance users know that we can earn funny money on our platform in many different ways. I'm here since August 2016 but I still don't know all the tricks.
For the six-pack Joe like me sometimes the things get too technical and complicated. Or I should say most of the time.
Imagine how newcomers feel.
The learning curve is steep, trust me.
Source: pixabay
Like me for instance; only today I learned that I need 100% voting power so I can delegate my hive power.
Luckily community is awesome here and there is always knowledgeable member available to help.
Well, let's get to the point.
Today I'll describe my experience with the delegation in a way that even your grandmother will understand.
Inside the Hive wallet, you delegate Hive power to @leo.voter and you'll start getting Leo tokens bounty into your Leo wallet. Daily!
I can't tell you the formula or exact percentage. I'm a simple, practical man so here are the numbers:
Delegating 50K hive brings me 10 Leo tokens every single day.
After reading yesterday's post from @khaleelkazi I decided to delegate even more. They need HP to claim account tokens to onboard new members.
I put another 56K on the table. My delegation is 106K in total and I'm expecting 21 Leo tokens per day.
How you like them apples, huh?
Now grab the calculator and do your math homework.
I'm not telling you what to do, tho.
It's your stake and your money.
p.s. I have 1000 account tokens for sale
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I have come across @leo.voter many times but I didn't really consider delegating , well if it helps the team and if in turn it sends me LEO I am ready to delegate too .
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Wow, that is quite a nice chunk of delegation! I am "only" at 15K, but thinking about increasing.
I think it pays a 16% return - I have delegated 30000, and it works out pretty well
It's a great investment, but it will be more profitable to higher stake holders unlike newbies like me who are just getting around.
106k hive power delegation! Damn that would take me years to gain, left unless I buy which I don't see it happiness anytime soon
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Sweet, sweet numbers! Now, if only I have that much hive! :)
My biggest chunk of delegation goes to leo.voter too. Just love getting leo bounties in addition to the Hive APY.
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I'm new in LEO, so I need to study more about the platform. Thanks for your advice.
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To help them have enough RC to create account, I'll choose to delegate to the account but for trading to get some LEO. Besides, we may need more LEO for LBI, too 😌
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I just found out about this the other day. Once I get more HIVE in my account, I'm planning on making a nice delegation. Can't go wrong with a 16% return right?
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I just counting coins. Today I got 22 leo for the delegation which is $6. Imagine leo at 1 or 5 bucks.
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Even the $6 earned is quite nice! Hah. But, yeah if it ever hit 1 or 5 bucks, that would be amazing! I'm slowly working my way there some day. I just got into the whole LEO ecosystem. So, I'm still new to this part of town.
Does it payout daily or weekly?
Daily.
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This sounds great, found there's a similar thing for spt tokens (monster-curator) can it be done with leo stake too? Hard to find clear information on that..
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21 Leo token per day is sweet wow, now imagine that at $3 prices that's if you're saving it. It'll mean you'll just about retire sooner than you even imagine.
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And imagine that this is just from hive delegation.
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Exactly, just from a delegation. Leo promises a lot of potentials and the current builders are the ones that'll benefit the most. Cheers for that move.
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I used to have 1000 hive delegetad to @leo.voter. I need to power up some hive and do it again. Leo is gettin fun!
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That is awesome! They will know how to use it for sure. Any help is good, and 106k is considerable. I wish I had more hive in my wallet.
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Damn, thats a massive amount.
SPinvest delegates 10k HP, its a really great way to use HP
Cool post :)
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Thanks for the info, I am very new to this platform and this kind of post helps me a lot
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It's very complex. Be patient and you'll learn a lot. Don't sell or trade any coins as long as you don't know what you are doing.
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I delegated a couple of days ago. Back then leo.voter had 1.16M HP. Now they have almost 1.5M HP! This community is amazing.
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It is, indeed.
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I don't have 106k haha
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Dammit, man. That info is valuable. I'm working hard to get my HP and LEO up there. So far I haven't made drastic gains so my votes are still not worth anything but I'm hard at it. One day my votes will be worthy. Keep up the great work.
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21 leo is not really bad when you even imagine that you didn't need to work for the 21 leo to come in
I didn't need to work now, but I worked my ass off to get to 106K hive to delegate.
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Yes, this is the default suggestion I give whenever someone wants to have Leo but don't have the Hive to purchase it. One can just passively earn from delegating to leo.voter but I chose to buy, post to earn, and then stake what I got on Leo because that brings in more value.
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All Leo Finance community member should know about @leo.voter and the fact that it provides 16% APY. This is some sweet passive income and bundled together with the increasing price of LEO is quite a deal.
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the best thing is that you basically help LEO grow with delegation too. they get more account tokens, and they need them with more and more easy on-boarding options. hopefully brings in more users :)
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Hi, @oldtimer
I have had the same problem like you had when I tried to delegate all my HP but when I tried to delegate 80% of my HP the issue is fixed
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You're absolutely correct about the steep learning curve.
I have just over 1000 Hive, so my calculation is less sunny than yours; 0.2 Leo a day.
But free money is free money!
I now use my Hive voting power for doing some auto-votes on posts of some photographers that continuously deliver quality posts. But I noticed my manual Leofinance votes have an impact on the voting power on Hive.
Does delegation of Hive also impacts voting power on Leo?
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NO, You Leo VP is only impacted when you vote on post that has Leo tag and your vote value is directly proportional to Leo power only.
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I see that many will make this delegation, a good result of this post (and of @khaleelkazi's post, from yesterday). I tried and I didn't succeed, I had the same problem that you had.
Thanks for the explanations for my grandmother. Unfortunately, she didn't understand anything because she's been gone a long time ...
Now I'm trying to do the calculations recommended by @onealfa, if it won't work, I take a break and wait for my HP to become 100%.
I learned something else, thank you!
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this is very helpful for the people like me who is very new to this, I am looking for more helping post to understand this better, Please do suggest since this is looking Ocean to me.
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Nice and simple. It's been a while that I had delegated closed to 15k HP and it earns me close to 3 LEO tokens daily. At the same time I have been claiming new accounts and have close to 500 account tokens. Cheers
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I'm active here for 3.5 years and I still don't get why people would create so many account tokens. To sell them later?
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Sell or donate.
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That's what I guessed but whose buying Hive accounts? Or do people sell to their friends?
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I was just talking about that in this post. I* encouraged people to delegate to Leo.voter because it is a better way to put your Hivepower to use, since curation on Hive is confusing and very bot dependent
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Delegation is possible at any voting power depletion, not only at 100%. Only then it will be less available than you possibly may expect. All proportional. If you have your VP siting at 70% depletion, you can delegate only 70% of you present stake. And if you do this, your VP will instantly drop to 0% the same moment. Well, maybe not zero, but a few percents. I used to calculate the available qty of available tokens precisely, and after delegation once I've seen my VP 0.02%. Not that I need it, but was fun to see how this all works.
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I also thought we don't need 100% VP to delegate, as I am able to delegate/update delegation anytime and my VP is never 100%. But I never do calculations as you do. :D
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he wanted to delegate everything, so that is why he was not able to.
Yeah. I've gone over some comments on khal's post and saw that he wanted to delegate everything. Then it made sense. 😅
I was also confused reading that we need 100% VP for delegation. Thanks for clarifying and makes sense. Cheers
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Very good Passive Earning!
Delegation to @leo.voter give dividends 16 % APY.
I don't calculate that.
And you?
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Read the post again.
Posted Using LeoFinance Beta
The truth was very simple for me to make it even simpler than in steemit.
PS: thank you very much for yesterday's gift 👍 👍
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In terms of delegating your HP to leo.voter specifically or generally speaking?
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For now I need all my HIVE to have enough Resource Credits to be able to post, comment and follow other community members but when I start to have more HIVE of course I will delegate it for leo.voter
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How I wish I have token same as you. Lol. I am waiting my undelete token to back to my hive power so I can delegate to @leo.voter. can't wait
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I have delegated HP too and now I invest those LEO earnings into LBI shares.
Curious how that will play out.
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Wow! Thats like free money. But for 106K hive you must have earned them hard way.
Btw thanks for voting my post. I really appreciate it.
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Yea this is probably the easiest way to earn a good return in the whole space right now. Literally a couple clicks and its done.
delegated 500hp to leo.voter this is just a start 😁
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Hmmm
I just put pencil to paper:
50k Hive for 10 Leo per day
1 Leo = 2 Hive
50k hive = 20 Hive per day
10k hive = 4 hive per day
1k hive = 0.4 hive per day
100 hive = 0.04 hive per day
365 days x 0.04 = 14.6 hive per year for 100 hive invested
ROI=profit/capital
14.6/100= 0.146 ROI
So 14.6% return per year
Which is pretty darn good and more if you reinvest you profit, so it compounds
Plus more importantly if Leo continues to appreciate the rate of return increases too.
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I have upped my delegation from 1000 hive to 3000 hive. Do you know anything about Blocknet?
Did you see this post?
https://leofinance.io/@shortsegments/swap-leo-for-bitcoin-on-leodex#@joefinance/re-shortsegments-23ywbu
What do you think?
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