A quick backstory and why I'm putting @Meno on blast today...
I had the privilege of meetings this remarkable Steemian in Poland at last years Steemfest 3. One evening during the conference we all gathered in the 'infamous' @Ddaily mansion for some mastermind sessions and sharing our passions about the Steem blockchain.
Meno dropped a bomb on us that evening and it changed the way I thought of delegation and 'rewards' here on Steem forever.
Before that...All I was thinking about when it came to delegation and Steem Power was...
How much is my upvote going to be worth?
So today, I'm going to go over the powers of delegating to your favorite Steem project or Steemian...And this idea was spawned from the discussions we had back in November.
Meno stated this in our discussions...And I'm paraphrasing of course. But it went something like this;
"The most amazing thing about Steem Power delegation is that you are supporting passionate entrepreneurs and visionaries on this blockchain. And when you delegate freely, you get so much back in return...It's not about the upvote, it's about the freedom you have when you get behind these amazing projects...."
My takeaway from this was cemented when @theycallmedan did a video a few months later and reminded us that we have the power to become a sort of 'angel investor' here on Steem without the need of investing millions of dollars.
Think about this ...We can delegate to whoever we want, without ANY risk (because the Steem Power can be taken back at anytime) and we get to support awesome people and projects...
Heck, in some cases you can get a great ROI from your delegation in the form of Steem payments and native tokens (examples like @Steemhunt and @Actifit) I have never found a more exciting and potentially life changing investment in my time on ANY blockchain.
Steem Power truly is magical!
I know Einstein stated that compound interest is the 8th wonder of the world....I vote that Steem Power is the 9th!
Now here's where it gets....Really exciting.
Steem Power allows you to delegate to projects and people on the blockchain you support but it also increases the share of the rewards pool you can dish out every day....This is where your 'upvote' comes from.
So the more Steem Power you vest, the higher your upvote becomes. Well, that upvote starts to shrink when you start delegating to various projects and people.
Here's the solution....
Buying @BlockTrades delegation for yourself!
So let's use @ActiFit as an example....
I recently delegated 250 Steem Power to this project. I've become a huge fan of their concept and use their app every single day. Not only do I get a small upvote if I hit the 5000 steps required, but I'm rewarded in ActiFit tokens every day as well for being a delegator.
Win-Win! I get some rewards from an application I use daily and they get a boost in their Steem Power that allows them to generate more rewards for the people using their app.
But that cost me 250 Steem Power...What can I do get that back?
Option 1 - I simply buy another 250 Steem and power it up. Which isn't a bad idea, especially as Steem is hovering around 43 cents at the time of this article. So for $107.50 worth of Steem...I get my Steem Power back. Not bad at all!
Option 2 - Buying 90 days worth of delegation from @Blocktrades
How cool is this....
For around 27 Steem....I get my 250 Steem Power back for 3 months. Or about $11.61 USD.
Sure, that's not my Steem Power forever, but do you see how this is an affordable way to keep our upvotes high PLUS get all the benefits of delegating to our favorite projects?
To me it's a no brainer....Option 2 makes sense!
And getting back to the inspiration that @Meno provided, this allows me to support people and projects I like and I'm rewarded for doing so....I get to see these projects grow. I'm rewarded with their upvotes and native tokens. And to be honest, I believe I contribute to the eco-system here on Steem.
And that's what Steem is after all...It's people helping people. It's community. And it's a great way for all of us to grow together!