Effective today we have introduced delegation rewards in USDONE.
What it means?
Normally when you delegate to someone then the earnings you receive are in Steem/SBD. And both these currencies are highly volatile as well as normally getting devalued due to inflation. This could lead to reduce in value of earned rewards.
For those delegators who would like to earn steem delegation rewards in stable currency with full control through their keys - we are introducing this service by which your share of delegation rewards will be converted to USDONE and the USDONE will be transferred to your account.
Minimum Delegation
We recommend minimum delegation to be 500 Steem.
When to expect the Delegation Rewards
Rewards will be distributed once a day after USDONE receives the rewards from those to whom it has delegated. Your rewards start immediately after you delegate and stop when you undelegate.
Links
Steem Engine for USDONE
Steem Wallet for USDONE
Ethereum Wallet for USDONE
Tron Wallet for USDONE
USDONE : Combines Stability and Earning in One Token
How would a pegged token protect from USD inflation?
But I don’t see anywhere to be specified how much are people going to get for delegations.
For example: how many UsDone tokens per day a delegator would earn for 1,000 SP delegated?
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We currently are delegating to Smartsteem. And on their website you can see that daily expected return on 10000 delegated steem is 5 steem. So if a user delegates 10000Steem to us then we will receive 5 steem a day from smartsteem. These 5 steem will be converted to USDONE depending on what is the conversion rate at that time. And converted USDONE will be transferred to delegators account.
So if the conversion rate is 2.5 steem per USDONE then user will get 2 USDONE. These two USDONE will be transferred to the user.
As our account size increases we will delegate to multiple bots/dapps depending on the risk and return profiles in order to maximize per day earnings for USDONE token holders and our delegators.
Hope it explains.
If that’s the case, I can delegate by myself to SmartSteem and receiving the Steem — buy the UsDone from the market. I don’t see any point in delegating you since it doesn’t make any difference to me and I can do the same operation by myself.
I guess I’ll have to stick with dApps like ActiFit or dLike, for example, which pay me thousands of their tokens per day and once these tokens get liquidity on the market — I’ll profit considerably more than 5 Steem per day. :)
Let me know if you change your delegation program in the future though.
Good luck!.....
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