A Review of My Steem Power Delegations: Part I

Some feedback that I got during my quarterly report earlier last month was how and why I have decided on my delegations. In that report I presented a distribution of Steem Power that I delegate to a number of accounts. I thought it would be good, in response to those questions, my mindset of why I delegate to these accounts. I have found that since I started to expand upon my delegation, I have seen more growth in my account due to the benefits that some of them provide with support. The opportunities are plenty in the ecosystem as many projects continue to develop actively with the help of the community.

The first thing I should highlight is that the ability to delegate is one of the great features and opportunities that the Steem protocol provides us. This is the underlying thought of a Delegated Proof of Stake (DPOS) protocol. We are free to do what we want with our tokens and stake where we think is the best. This includes the ability to delegate to others without losing full control of that stake. This is very unique in that we control it at all times whether we want to continue to support or not and while it may have implications to the benefits of pertaining to a community or project, it is our free will to do what we choose. In addition, this comes at little cost to us as stakeholders.

In general, since noticing these benefits I have had an overall thought that I should delegate between 20% and 30% of my Steem Power to different projects. The main reason I choose to delegate is to not only support and become part of various communities around the ecosystem but also to benefit from receiving support from them as well. Therefore, I would distribute my allocations among the four broad categories in my view: passive income generating, curation and upvotes, tokens and SMTs, and general project support. In thinking about this discussion I have noticed that some of the projects don’t fall in only one category; instead, they may fall in various including more than two in some cases. I will go through some of them as they may bring interest for those seeking support and growth for your accounts.

While there may be controversies in some of these types of projects, the reality is that the flexibility provided but the protocol is generally healthy for competition among stakeholders to allocate their Steem Power with their intentions in mind. Whether it be returns or value creation, we continue to have options to move our Steem Power accordingly which is a great fact as we could adapt to changes that occur in the ecosystem. This competition is great as it provides the opportunities for developers, investors, and businesses to come to the ecosystem and work on ways to attract our attention and stake which is central to the efforts of building accounts and their Steem Power (in my opinion).

I will start today with those delegations that focus on passive income generating opportunities. I initially started here in the ecosystem as an investor before I focused on content creation so this is what could attract others in the future. I will also highlight some of the curation and support communities that have created projects to build projects to support their members.

Hive account@minnowbooster was one of the first accounts I started to delegate to in search of passive income to support the growth of my account in order to gain more influence. I was honored when I finally became whitelisted as well, although I only used the upvote service a handful of of times. Being an investor at heart, the returns are respectable which is why I maintain the delegation over the long term.

Hive account@ocdb is another delegation for which I did to gain passive income. As I reviewed in a previous post, it has been one of the best projects I have been involved with them as they strive to provide the benefits solely to its users and not to the owners of the bot. The returns are what I believe to be the most attractive amongst all of the passive income generating delegations I have.

Hive account@steem-ua is a delegation that I provided giving the promising project of having an alternative way to measure reputation in the ecosystem. I am always looking forward to measuring my progress as time passes which is why I got involved with this project. In addition, it had the added advantage that it would provide an upvote for a certain minimum amount of delegation which I provided.

Hive account@share2steem has been an interesting project to follow as they looked to integrate other social media platforms with Steem in order for users to connect the two in their usage. While they have had some struggles, I believe that the project continues to be promising now. While they do not provide an upvote, they do provide passive income.

Hive account@silvergoldbotty is a curation focused community that provides upvote support for its users. The amount of support provided is measured by the amount delegated to their account. It was one of the first curation communities that I joined and have been happy to be a part of.

Hive account@steembasicincome is one of my favorite projects in the ecosystem as it provides an incentive to both the sponsor and the receiver of SBIs for perpetual support from the project. I decided to delegate to the project in order to increase its sustainability as well as benefit from some more curation.

Hive account@wherein is an Asian based project that is building a front-end for the users in that geography. Given the size of the population and their ability to engage actively in these digital platforms, I was very interested in seeing what they can do to assist our ecosystem growth. This project has surprised me with its benefits as it not only provides passive income, but also upvotes in addition to a future SMT!

Hive account@qurator is another curation community project which I was proud to be a part of as they accepted my membership when I was starting to become more actively engaged on the platform. They have changed their model a bit since I’ve started but they basically provide you upvote support in addition to promoting your post based on your delegations and the support you provide to their daily reports.

Hive account@partiko has change the way that I engage in the ecosystem as it provided me a simple way to actively engage while mobile. Thanks to their mobile application I have been able to remain close and engaged to the community a daily basis then when I travel. I was lucky enough to participate in their first round of delegation program which not only provides me with upvotes but also with added benefits like accumulating their loyalty points easier.

These have been some of fundamental delegations I have done to help me grow my account into Dolphin status with my eyes set on growing more as I continue to engage broadly across a number of communities in the ecosystem. They have proven to help me create presence in the community as well as access to other members that have engaged with my posts to provide insights or just to establish great networking and relationship building which I believe to be great at creating value for the ecosystem. I will continue my review of the other delegations in tomorrow’s post!