Lucky Ali is here, and welcome back to another post of the day. The Hive World is in motion, so it is essential to prioritize personal growth. So getting more upvotes and writing great posts are not only things that are related to personal growth, but there are more, Such as understanding how to make HP Works greatly for you. There is a delegation tier, and I believe this is the smartest and fastest way to generate a passive income on the Hive platform. So we are going to understand this thing in detail.
Understanding Delegation Tiers
We are seeing that projects are offering a return when you delegate your hive power to those projects and it is simple just delegates any project and in return you get The reward Which is called delegation reward But along with this there is a powerful lesson that you learn that delegation reward is not just earning The delegation reward but it is more than that. Basically, it is leveraging your digital Assets, and this way you can build a nice income on the Web3 platform like Hive.
As I said, when you delegate, you get a delegation reward as a return, but here I am talking about tiered rewards because there is a bonus along with the delegation rewards. What could it be? So it can prioritize support or maybe extra curation; however, delegation for curation support is prohibited on the Hive, but there is another layer 2 model that works for the curation, and another bonus is exclusive Community access or features for the delegators. So these are the extra benefits that delegators can get, and these particular things are encouraging users to delegate more.
First of all, you should understand that you have to research which Project is trusted, active, and focuses on the community, and then you delegate it. Instead of powering down and cashing out your hive, find out the great projects and delegate there. Because your HP matters, even if you do not own a large amount of HP, your Stake can help make the hive. Also, you are supporting curators who are curating great content on the hive, and this way, you are contributing to the community.
Delegation models of different hive projects
Some projects, Such as OCD, Ecency, and InLeo they have the greatest delegation model because multiple things that you get when you delegate your HP to them, and this is your bonus. For example, Inleo. When you delegate to Leo's curation account Leo.Voter, you get a reward in Leo Tokens. It provides you with extra APR when you follow the rules of the platform. For example, taking rewards in staked-leo tokens, and if you are a premium member, then in this case, the percentage increases. If you hold more Leo tokens, you have some extra benefits in curation support because getting upvotes by giving delegation is not allowed, but when you delegate and you're getting tokens and based on that token holding, you are getting curation support, then I think this is not bad. And this is exactly what Inleo is following.
So delegation is a great way of generating passive income. If I have missed something in this information, then yes comment box is always open for you. Share this post on social media, and I'll meet you in my next blog. Till then, take care, bye.
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Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring. Thank you, hive family ♥ |
Posted Using INLEO