Hive can be a confusing place
Just curious. How many people have started on Hive and not gotten confused somewhere? I'm going to guess that the number of people who haven't been hit by at least one weird gotcha is virtually zero. There are just so many little things that can trip you up.
got hit with one of the more common issues: That you don't have multiple delegations to one account .. just one delegation that you can increase or decrease. Nothing major but a 5 day wait for reset which is really annoying
I like to think I'm a veteran (even if this demo account if new) but even still...
I created an NFT and sent it to ... only to find out that it should have been sent to terganftp and now that NFT is essentially dead as no-one can access it.
In another weird WTF moment I tried to vote for and the BBH project as witness. I know how it should work and the
and
accounts worked fine but the
and
had some sort of proxy lock on them.
Seriously???
Lets just say that Hive is really powerful
.... and not very user friendly ... hahahaha...
But then there is where to delegate and where to put your liquid HIVE
Now I have said it many times and I'll say it again.
The best way to use Hive in my opinion is.
- Make as much as you can on HIVE
- Take the liquid portion and invest OFF Hive
- Take dividends from those off Hive and reinvest onchain to support for the next generation of users.
In that light I want to show new users how to make the best start they can on HIVE for maximum value.
Part of that is knowing how to delegate, what tokens to hold, how to make content that gets curated (and is befitting a good Hivian).
was on board with the idea of getting a bit of help starting but she decided to delegate his HP to a different project for a better return.
Until recently delegations only paid out 8% and GLD tokens paid out about the same. How do I compete with
which pays out closer to 15%? That's way more than the
curation account makes.
Honestly? I absolutely agreed with her decision to invest for the better return. That's that whole point of the community...to help new users find the best projects.
So, the Great Little Dragons rewards got switched up....
I think it is now competitive with other communities but I am doing something a little different to boost rewards. I'll be giving maximum benefit to people who engage regularly and both delegate and hold the GLD coin.
Changes
Before I would pay a tiered reward to delegators. A higher reward to GLD, GLS and GLT holders but a lower amount to those who weren't part of the GLD community.
That has changed. It is a fixed 8% now for all delegators regardless of their affiliation with the community.
The bigger change has come to the GLD token
GLD token changes.
Before the GLD token paid out 8% to all holders. The idea being all sales were turned into HBD which paid out 15%. 8% to holders and 7% to buy HELIOS to upvote members.
However, I'm changing that around so I can put up to 16% to GLD token holders. The idea isn't exactly fair to all holders but I'll explain.
Many of the GLD token holders are no longer active. Some haven't posted in months and a couple haven't posted in years. Why am I giving valuable tokens to people who will never use them? It is just a waste in my eyes.
The first change is that anyone who has written a post or made a comment to show activity will get 8% return. The longer it has been since they posted the lower the amount goes. If a user hasn't done anything in a month... their reward will be kept so I can pay more to those who are actually active.
The second change is that anyone who is delegating to the curator will get up to double their GLD holding reward. Essentially if you are delegating and holding in equal amounts?
- 8% delegation reward
- 16% GLD holding reward ... providing you are actually an active user :)
Thoughts?
I know that isn't fair to people who are away on vacation. If you come back to HIVE after a long hiatus it isn't fair either. However, I would much rather support those people who are actively making the community better. A 8% and 16% seems like one of the best returns out there.
Helios offers you 15% and 15% but ONLY if you are a top HELIOS token holder.
EDSI offers you 5% and 15% but you sometimes need to pay a premium to purchase the EDSI token.
IF there is a better all around community to delegate / hold tokens to? Please let me know :) I love checking out different communities and taking note ..
But I like my plan
Buy HELIOS with community funds so I can burn HELIOS to give good curation rewards
Offer a stable coin with good rewards for holding
Offer a good distribution on delegations.
And as much advice as I can give to get new users setup :)
Seems like something that I can be proud of... even if no-one shows up :)
Thanks for reading and appreciate the view. Plus please feel free to comment if you can figure out a better way for me to structure things. I'm always open to constructive criticism.