One week later and rewards are available
My first post went live one week ago which means that right now there is a payment of HIVE waiting for me to claim. Right not it is not in my wallet and claiming gives me control over the rewards.
I could choose 100% Hive power or a 50:50 mix. I could claim nothing and burn the rewards but... nah... I want the rewards :)
I'll click claim and then I'll have to figure out what I will do with it.
First: The HP
Now HP (or Hive Power) allows me to post and act on Hive. Usually I would keep 20 or so HP in my account so I don't run into posting or other issues. Because I have 20 HP coming in from delegations I can do whatever I want with the 5.8HP I now have. Usually people upvote others and their HP determines how large the rewards. With the current value of HIVE my tiny little HP will get no curations rewards so I'm going to delegate it to the to get a regular distribution of both HIVE (weekly) and HELIOS (daily) but only after a week or so.
To delegate to the helios.voter?
- I logged into Ecency
- I clicked on my Hive Power
- I clicked on "Delegate"
- I fill out the delegation details
- press continue
- sign with the Hive Keychain and complete
Now I wait for a week and see my rewards
Second. I owe the community 125 GLD tokens for the 125 HELIOS
The only reason I got a curation rewards as large was because burnt HELIOS tokens to get the helios.voter to upvote the content
Purchase price of HELIOS 0.16 Hive. Price of Hive 0.064 HBD. Doing the math..
125 HELIOS = 125 GLD tokens
I borrowed the GLD, I need to buy back the GLD (and then give some to to get more upvotes through burned HELIOS)
I used the online app to buy GLD at the peg of 100:1 GLD::HBD and the app allows me to use the HIVE to make the purchase and I got roughly 35 GLD. I could hold the GLD to repay the debt but I'm going to send them to to pay for a 35 HELIOS upvote for this post. Eventually the delegated HP will grow and I'll use those rewards to actually pay back the debt
Third. Check out Hive-Engine wallet
Once I converted the HIVE to GLD they are hiding out in Hive-Engine tokens. It is found here,
I clicked the send button there and sent GLD as payment for for his consideration of using HELIOS to upvote this post. Of course the other thing to do it yourself would be to go the long way using Hive-Engine to import Hive then go to HELIOS and buy it directly. I'm just using a website that makes things a little easier for me :)
And that's it for now.
I'll keep waiting for rewards to come in. I'll keep using the liquid HIVE to buy HELIOS either through or direction from Hive-Engine. Eventually when the account grows a little I'll make sure to pay my debt.
However, the loan is 125 Helios (125 GLD at current rates)
It isn't forgotton. It just isn't the highest priority right now :)