Currently I am distributing 0.2% of the APE balance from @blockheadgames as rewards to those who delegate Hive power to @apeminingclub. This comes from our own APE holdings and does not add additional inflation to the APE token. In fact, it potentially reduces the amount of APE being sold.
If you are curious about the current APR rturn for doing so is, here is a quick case study.
The largest delegation currently delegates 15,000 Hive Power to @apeminingclub. This is roughly a $0.48 vote. This would allow him to vote ten times a day at $0.48 or about $4.80, in an ideal world. He would earn roughly 50% of that in curation rewards for a total of $2.40.
By delegating to @apeminingclub, he recently earned 3.774 APE, which is worth roughly 9.0576 Hive.
Hive is currently selling for $0.580.
This means, he is earning roughly $5.25 worth of Hive daily, more than 100% of what his delegation is worth if used with 100% efficiency.
I've seen a few people delegate for one day and remove the delegation thinking it wasn't worth it. At this time, I am only distributing 0.2% of the balance, I plan to raise this to 1% or more based on delegations.
Posted Using LeoFinance Beta
Awesome. Delegated some HP just now! Let those APEs come in. ✌ Little drops of APE make a mighty investment.
Posted Using LeoFinance Beta
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Check out the last post from @hivebuzz:
I never understood the delegate for 7 days or less, it seems like it would be a waste of earnings potential. My small delegation will be there for awhile to give a good evaluation of it.
I think they felt they were not getting a return.
I look on an almost daily basis at my Hive-Engine tokens and the token history, I've been getting 0.018 to 0.025 from blockhead games for several days, then the small 8 CPU's I get another 0.60 on average, it all adds up, to where I do not need to add much to make the next full Ape. I'm trying to keep it simple for myself, 10 of each thing, two more CPU's then I move on to getting ten clouds.
A slow long process, but a challenge with all the other token goals I have.
besides Hive is there any other coin we can delegate ?
There is a few on hive engine
I delegate spt and leo
I was thinking about POB as well
as of right now only supporting Hive as I would need to setup a separate voting system for PoB.
Only Hive is supported currently.
ok, thanks for the clarification :)
Amazing. Going to delegate some more!
Posted Using LeoFinance Beta
Great post. Delegating is an important aspect of the HIVE experience. The cents adds up to dollars, etc. I'm delegating to the @apeminingclub. :)
Delegating 1000 right now. Does it automatically know or do I need a memo
It knows.