Why delegation is done and benefits of delegation.||by ripon40 by ripon40 by ripon40

ripon40 (73)in Steem Alliance • 2 years ago

The most influential thing that makes the Steem Blockchain work for us is Steem Power (SP). That is, the more steam power we have when we vote for someone, the more prizes will be created in the prize pool, which will be shared with the authors and curators. But if someone has a lot of steam power and doesn't have time, he can give his power to someone else if he wants. Giving someone else to exercise one's power i.e. to vote is called delegation. That is, you lend the steam power you have to someone for a temporary period of time so that they can use it and you can get it back at any time.

It's only natural that those of us with Steem Power in our wallets will vote. But when it comes to voting we always try to find good posts and vote them so that people are interested in creating good content. Again, the value of this Steemit platform will increase day by day only when good content is added to the platform because Steemit content will get higher in search engines when it has good informative content. Therefore, value addition i.e. good content is of immense importance for blockchain development. So it's important to find and vote for those who are writing good content.

But as a person you will find it very difficult to find good posts every day and vote them for a long time. So you can give your power to a proxy service that always finds and votes good posts and shares the curation rewards (excluding maintenance services) with you proportionally. This will save you time searching for good posts and get the reward you deserve from your posts On the other hand your vote is useful in promoting good content.

If we don't vote for good quality content then those who spend time creating good content will be discouraged and we won't be able to popularize the steemit platform with value editions which will be bad for all of us in the future. Because if Steemit is good, the price of Steemit will be good and we will all be good. So it is very important to vote well so that we can choose the best delegation service very easily.

There are many people who have very small amounts of vapor power in their wallets like 100/200/500 etc. If you vote on a post with this ability, you can get a 1/2 percent reward. And only if your vote is worth less than two cents will it be dusted off and not entered into the prize pool. So for those with little steam power in their wallets, voting on a topic doesn't do much good. So they should follow the curator or delegation service who will vote on their behalf and divide the dividend among them. Such a service not only serves the delegates but also benefits the person who has delegated a small amount of power as he cannot achieve much by voting himself.

Delegation plays another important role in teamwork. As in the example above, some people have little power in their wallets but 100 people can play an important role if they come together. For example, if 100 people with 500 Steem Power gather in one place, it will be 50,000 Steem Power which can be used to vote very well and those who vote here will get a good amount of reward. But not everyone can play a role by voting with 500 steam power Different communities therefore call on such representatives to support their users in a coordinated way so that everyone benefits. In this case, in some communities, a separate profit share is not provided for representatives. Some communities distribute profits to these representatives at a proportional rate.