Hive Power up and Sponsor Day!
Hi fellow Hiveians,
Today I'm here with the 8th iteration of my "Power Up & Sponsor" initiative! Really cool that it's rounding closer to a full year that I've been doing it! I will try to be doing these monthly, to both join in on the Power Up day festivities but also to add my own flavor to it that I think would be great if more could join in!
Check out below for details of what this means exactly!
First things first, let's take care of the more important section now!
Sponsor
So what I personally think is great is to be able to sponsor people with Hive Stake Based Income shares.
For those newer folks on here that aren't aware of what this is, Hive (formerly known as Steem) Basic Income is a way where you can send 1 liquid hive to the account, @steembasicincome, with a username you are sponsoring (example, 1 hive with a memo of @cmplxty and you get 1 share and I get 1 share) and they add that to the number of shares you have. The more units you have in the service, the higher your vote gets.
There is a limit to the vote weight to prevent abuse but it doesn't give you a vote (last I remember) unless it is over the dust threshold of 0.025$. The more units you accumulate, the more you will get for votes.
I want to say though that some people feel this service is not a good thing. I can partially see what they mean, if people who post spam and useless things get a bunch of shares and votes from the service then it promotes spam. The users I am supporting are selected by me and I make sure they post good content, not crap. I am really hoping that it will not result in people receiving downvotes but I think they are strong accounts that I’m helping so their content speaks for itself, great stuff!
How?
So now that you have a basic understanding of what the Stake Based Income is, how do you do that, you ask? That's easy! There are two methods, both equally as easy. If you use hive.blog or Ecency or one of the other front ends you can do it just from your wallet.
Go to your wallet and click the "Send" button or "Transfer" depending on what the button says for you, but we want to send at least 1 hive.
Once we are in the transfer function, you will specify the account they are going to, type steembasicincome (DOUBLE and TRIPLE check the spelling! So you don't lose out on any funds!) as the recipient account and then the amount you wish to send. Then the last step before transferring is you must include a name of a person that is not yourself that you wish to sponsor. If you send hive to them without a name or with your name as the only one there, I believe they will transfer it back. You have to sponsor other people in order to benefit from the program. Obviously I won't be sponsoring myself but I wanted to just show what needs to be done.
The other method is through the PeakD wallet, if you go to ‘Other Services’ it is listed there, just click on it and it brings up the same screen.
So I invite my fellow Hiveians to indeed power up their hive but take a small portion of that hive, even 1 hive if you could spare it, and help support yourself but more importantly, help some of the lower accounts. Steem Basic Income didn't exist when I first started, at least not that I know of. To have a service where people can sponsor others so they get a bit of rewards to help them along besides the votes curators give them, is a good thing. Getting people to find your content and give it a vote that will actually give you rewards is sometimes challenging when you are new. It can be abused and certainly has, but it has helped a lot of people including me.
The awesome folks I’m sponsoring today are a bit different than what I normally did before but equally as awesome. I recently created a community here on Hive, Rant Complain Talk, that I'm very grateful folks are using! As a way to say thanks for the posts and engagement going on in there, I decided to sponsor the early birds using the community with a share of Hive Stake Based Income each! It's not a lot but it's my own little way of saying thanks! I appreciate you folks hitting the community, dropping some posts and commenting with people that are in there. There have been a great number of interactions and rewards that have been happening! I know it's not a giant community but the more ones like this we foster, the better the overall ecosystem becomes!
@angryman , @panconcajeta , @lauramica , @macchiata , @zanoz , @belemo , @dandanys , @wolfofnostreet , @riverflows , @paradoxtma.
Happy mistake but @galenkp got two shares, probably because he's 2x more awesome! LOL 🤣
Power Up!
I would be remiss to not join in on the power up myself! Below is me adding some more Hive Power to my total, getting me closer to that 10k net Hive Power (factoring in the delegations I have, so it would be roughly 10,700 Hive Power) goal that I have for the end of year!
It looks like I might be fortunate enough to attain the goal I have of 10k Hive Power!
I was satisfied with this Power Up considering that I've done some other investments here on Hive. My rewards have steadily been going up which is great. It gives me more opportunity to invest in both my own account as well as projects to help them get on their feet. One of the important things about what we do here is give developers and others an opportunity to both get their product out there but also to invest and help get them on their feet after a launch. Doing both has been really good for my long-term portfolio! I brought a bunch of hive over to Hive Engine so I can invest in some of the great tokens there! I'll be posting about that at a later point but really loving the spreading out! I think I might do one or two more of those before I go back to powering everything up!
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
I really appreciate it!
You're welcome! Thanks for the posts and interactions in the community!
Actually that's a fabulous idea - I like it!!!! Problem is, I'm such a muppet I wouldn't even know who is new these days, or who needs a boost. I'd like to think that it'd be someone who'd stick around, but if they don't, I guess that HIVE is tied up somewhere else and it changes the reward pool for others, right? So it's a win win for all. If you're reading this comment and want me to sponsor you HBI, shoot me a message below.
Haha yeah, I have some challenges in finding newer people or people who need a little boost but I manage to do it even a little bit each month. One of the things I've tried to do is if I can't find a particular couple people on my following list that I want to sponsor, I hit a community like Home Edders or others and give the folks who are constantly posting and interacting in those, a boost with them. I don't go for the really big communities like NM for that because they get a lot of really good attention, but I try to target smaller ones like Skate Hive, Home Edders and I think my next one is the Spanish community.
The added bonus is that I get a share alongside the person I am sponsoring so I'm getting myself a small payback in the long run for it so that's a nice bonus.
Thanks a lot!
You're welcome, I appreciate taking the time to post and interact in the community! We need more of that type of stuff to keep momentum going.
Thank you very much for considering me for this. When I saw that there was a community to complain I immediately said "I have to participate there" hahaha. Great idea you had! Congratulations ❤.
You're welcome! I'm glad that you enjoyed the concept of the community. It's definitely a fun one for me so I like to see everyone in there and posting whatever they feel like.
This is a great idea to support people. And that community was needed cause every other community here look too serious to accommodate our rants and complaints 😂😂
Thank you for the generous gift.
A good way to start my day :)
Hahah yeah that's definitely one thing I noticed. Other communities were a little too serious or focused on something other than a good old fashioned rant. Hopefully we can build it bigger and fill that void on the blockchain!
Keep up the activity on here and you'll do great. Don't feel too much pressure though to do everything at once. We all need to take little breaks so don't feel you can't take a break otherwise you will end up quitting because it's too much work. Keep it fun and you'll love every minute of it.
Thanks mate. :)
You're welcome man! I like the system as another way to offer a kind gesture like that.
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