Token Delegations - Version 1
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Alright so there is a saying that goes "It is harder to save money than to earn money". So the thing is, I started reading up about it and I am starting to find a trend. It is true, to a large extent!
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Now suppose you are able to earn a lot and unable to save, then no matter how much you earn you will still be poor. Probably asset rich or experience rich, but just not rich. This struck me hard as during the pandemic, in my country there were pilots who made the news saying that they are now being paid half the amount that they used to, around USD$7,300 a month and they are dying. There was a massive uproar as many were trying to keep themselves afloat with combined income of a mere fraction of the pilot's salary! This really got me thinking. Their affluent lifestyles resulted in them purchasing big ticket items that have to be serviced long term, thus when their salary half, these assets are now liabilities. In a way, they are indeed in trouble, though they can easily save themselves by selling these items at a lost...
Now that being the case, I finally had a time to review my finance. In order to keep things fresh, I was wondering hey why not let's review the Hive Wallet? I mean, there are so many things that I do not know as I am currently still learning. From witness votes (I have no clue what benefits it brings till date), to the tokens as well as HBD and all.
Now for HBD as well as witness votes and all, let us talk about it another day as honestly speaking, I have no clue about these as of now. So if anyone has any ideas what these are, feel free to drop a comment!
Now today, let us talk about the tokens! Now I have tons of "loose change" tokens in my Hive Engine, and seeing the dollar value of those, I really want to maximise all of them. So I manage to find a few, and I will be more than happy to share! If anyone knows anything more about this topic, do feel free to share as well so I can include it in my future post!
So what I do is, I would stake them and delegate to specific user accounts. Fret not the tokens are still yours and you may unstake anytime. Now by doing this staking and delegating, you would be able to receive a fixed payout by the end of the day/week. So since I cannot sell these tokens as they are too little to sell, sitting there idling doesn't help to so I went on with this method! Now below are some of the tokens as well as where I delegate them!
SPT - @monster-curator
ONEUP - @oneup-curator
LEO - @meowcurator
POB - @pob-curator
Now these are the current ones that I am using. I figured out that this is actually a really great idea to put those tokens to work for you, and I am actually reaping some rewards. Well as per usual, the more tokens you stake and delegate, the more rewards you will receive.
If anyone in the community has a better place to stake and delegate to with higher ROI, or know of any tokens that can be staked and delegated to that is not included in the list, please do feel free to share! It would be a wonderful learning experience for everyone!