Delegating Steem Power / Rules of Delegation
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What is Steem Power Delegation:
Delegating Steem Power (SP) is a bit like allowing a financial advisor to handle your stocks.
They manage your assets with the intention of growing your wealth.
Delegating your steem power means sharing your power on the platform.
You’re lending it to someone else.
It’s still yours, but that part of your Steem Power will be unavailable.
Rules of delegating SP:
- You cannot delegate SP that is being powered down. You can't power down delegated SP.
- SP delegation works like a donation. The delegatee keeps all curation rewards.
- Effectively, for votes made the delegatee, it would seem like they own the SP.
- Delegators can cancel their delegations at any time, though it takes 7 days before they can use the SP themselves again.
- You can only delegate SP you own, not SP delegated to you.
and the Steemit Community.
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Thanks For Reading
You analysed good points , thanks for sharing, upped.
I'm learning a lot from you sir... thank you.
Very good post @lordoftruth! Upvote, Follow and Resteemed!
Thanks for telling about it but looks like more technical stuff :)
"Delegating Steem Power (SP) is a bit like allowing a financial advisor to handle your stocks." Accept a financial advisor can make you lose it all. Thats not how steem power works.
is a bit like..
This post has received a 1.19 % upvote from @booster thanks to: @lordoftruth.
I actually didn't know all the facts involved with delegating! Thanks for the share! :)