My Thoughts on Delegating in the Hive Engine... 💭 (MEMED for Your Pleasure)
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Not too long ago I did a post about my new strategy with the Hive Engine.
I've been on the platform for a while and thought I had a pretty good understanding of the Hive Engine. But after hivebernation (break), I came back and realized I didn't know half of what I thought I knew!
Ever since then, I've been learning! When I realized you could stake and delegate WORKERBEEs to your favorite tribes I was pretty excited. Then the bright idea hit me today that I can delegate some tribe tokens out as well.
This is something that I've been doing for a while with my hivepower to help collaborate with others and build my account. I can probably do the same thing within my favorite tribes and get a good return on the portion of tribe tokens that I have staked.
So the hunt is on! I really don't have a ton of tribe tokens powered up for delegating but I feel like the Hive Engine is one of those places where you can do a lot with a little.
I like to select a percentage of my stake aside for delegations. On the main Hive platform, I'm trying to stay between 20% - 30%. You usually get rewarded for delegations in hive payments, upvotes, or Hive Engine tokens. This allows you to get a little passive income on your staked hive, promote your posts, and network with others who are actively looking to build their accounts...
I'd imagine the process will be similar within the tribes, but I need to find out who to delegate to within each of my tribes. I really think this is going to be a fun hunt that helps my Hive Engine grow a little faster once I start getting my delegations set up. Can't wait to see how this goes
If you have a group that you enjoy delegating Tribe Tokens to please let me know in the comments! I'd love to hear about people doing great work on the blockchain!
🛑 STOP MISSING OUT! 🛑
