Time to test the money printer that is Hive staking and delegations
Last night I came across the wonderful but confusing would of Hive staking and delegations.
What is this you ask? Well I shall provide my understanding.
The multiple coins you can get on Hive such as Bee,OneUp and Cent to name a few are stakeable with your hive wallet. I use Hive Engine for this.
Once these were staked I assumed I would get some kind of reward for this, but alas I was wrong.
There is one final step to be done. You must delegate that coin to the associated curator account such as @oneup-curator.
Once this is done you then receive a daily payout from them.
How cool is this!?!?!??!
Today I am going to trawl through my wallet and buy additional coins I do not currently own to test this feature out.
The coins I will be trying are as follows:
OneUP:@oneup-curator Delegated:4724.57540428 OneUp
SPT: @monster-curator Delegated: 728.397225 SPT
BEE: @bee-curator Delegated: 4.82113927 BEE
Weed:@weed-curator Delegated: 23.23036412 Weed
If this becomes a profitable endeavor I will increase my holdings of these coins to see how far I can increase my daily returns.
If i find more that are stakeable I will update as time goes by.
These are the other ones I use:
Curator should pay out the same coin
lolz pays out in lolz token
These are the ones I use, but not sure if they all pay out
Going to find all I can!!!!
I've delegated most of my hive to @psyberx, and been swapping everything else for LVL
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
What does psyberx give?
And why lvl?