Contents :
- What is Delegation?
- Why should you Delegate
?
- Minimum amount to Delegate.
- How to Delegate?
- How to Update / Remove existing Delegation?
If you joined steemit few days back and have no idea of delegation we recommend to go through What is delegation? else you can skip to next section i.e. Why should you delegate
To understand delegation let's first review Steem Power. If you refer to the FAQ section of steemit you will easily get that Steem Power is nothing different than steem but has some extra advantages over steem.
- SteemPower gives you a share in Steem BlockChain and thus Gives you a Voting Value to further mine steem by making up vote on posts you like.
If it's still confusing let's understand it with an example
Let's say Tom and Jerry both invested 1000 USD in Steem BlockChain by opening an account on steemit. Tom choose to invest in steem and Jerry in SteemPower. Then Tom will have its up vote value unchanged while the upvote value of Jerry is now increased by approx.. 0.05 SBD following current Market price.
Higher is your SteemPower higher will be your potential to mine steem by making upvote. Here the term mine is used for creating Steem tokens from nowhere. A very rarely discussed term bandwidth is also controlled in a similar way as your Up-Vote Value.
- Up-Vote Value represents what worth of Steem the Steem Power holder can generate in a single upvote and you can check your upvote worth using this tool.
- Bandwidth represents the amount of activity that a user can do on steemit. Grater SteemPower means you can do more post and comments than any other person who starts today and has very limited bandwidth.
Let's come back to Delegation,
- Delegation means, you are giving away the Upvote value and Bandwidth corresponding to the amount of steem power to the delegatee and it doesn't transfer ownership of Steem Power, it still belongs to Delegator. We discuss delegation in terms of SP but in actual practice, Delegation is the transfer of Upvote Value and Bandwidth.
For example, Tom owns a trillion dollar company and he appoints
considering you have now a clear idea of Delegation so let's move to the section why you should consider delegating
Keeping it simple
100% daily payout + 100% Curation Reward weekly nothing Better Then THIS
Now you must be thinking to delegate
You can delegate any amount to
as there is no such restriction of minimum amount by steemit, however we recommend to delegate a minimum amount of 50 SP so that you get a visible return for your delegation with a minimum of 50 SP left in your account to give your upvote a considerable value and to avoid any bandwidth issue.
Ok, I got that I should delegate at least 50 SP but how to delegate
You can use SteemBotTracker Delegation Tool to Delegate SP in a few click, simply by following given Guide:
- Type Your Steemit User Id and hit ENTER to land on given Screen
Simply Fill the amount you want to delegate and click DELEGATE button.
Complete Delegation by authorizing through SteemConnect.com
Say, you already have an active delegation with
Tom already delegated 10,000 SP to
Given is a simple guide to update delegation:
- Go to SteemBotTracker Delegation Tool
- Enter you steemit User ID and click anywhere on screen you will land on given Window.
- To update click update Button then your existing Delegation with load in Amount (Steem Power)
- Add extra amount to the existing delegation and press Delegate Button to complete your delegation update.
- Authorise with SteemConnect.com
- To completely Un-delegate Update your delegation with Zero, remember un-delegation will take 1 week and it is so to avoid delegation abuse.
