Leasing Delegated Steem Power is a godly move. It can push you from a tiny minnow to huge whale in the first few months on Steemit. Today I will talk about how it is done easily even your grandma could do it. Remember one thing, patience is the key and you can't move forward with no constant hustle. ✅ I will explain you the worth of STEEM POWER today in a self made case study. I hope you will learn something out of it. 🤑
What Is Steem Power?
If you are on Steemit, then you need it - that too in abundance. It will put you to the mainstream. Whenever you "upvote" a comment or a post then you will get noticed. Your vote describes the amount of effort or money you have put in this platform. Check below the amount of Steem Power I possess and delegated to me by kind folks like @naver and @sugardash via @minnowbooster.
Today my Voting Power is shown as 36.45% and my vote worth will be 0.30 SBD. In the last few days since I leased SP for the first time, I made a lot of votes to the content that I found helpful to the community. Obviously self-voting was also a part of it which is totally okay if you do not abuse the power. SP that I own is shown as 17.641 STEEM. Below that, there is a big number which is (+3,501.361 STEEM): This is the amount of SP which I leased from minnowbooster.
Once you reach 500+ STEEM as your SP, you will get a power to choose the percentage of Voting you want to make.
This slider will enable you to
- Be fair in distributing the rewards
- Save your voting strength & VP percentage
As promised, I will tell you the exact steps which I followed to get that much of STEEM POWER. It has been very profitable for me in terms of the following:
# OF FOLLOWERS:
My first Lease request was filled on 19th FEB, 2018. Since then my followers got a huge boost by 40+ in number. It is also a combined effort with my constant commenting on worthy posts and contribution to the community through upvoting kickass content.
No. of followers on 19th Feb were in the late 240s and now i.e. on 28 Feb 2018 they are exactly 291 in number.
MORE STEEM POWER:
On 01st MAR, 2018 my SP is about 20.293 (+3,676.004 STEEM). On 28th my purchase of SP from @blocktrades was also filled gave me little boost in SP delegated to my. On 19th FEB, my SP was under 5 STEEM. So that's a 4x rise, not bad, right?
SP that I own looks small but do you notice the compounding effect. If I will increase my SP with 4x rise every 1 month, then I would reach to 80K STEEM under my SP in 6 months. Obviously that's an ideal scenario and I will have a varied raise in SP every month. That will totally depend upon my performance on STEEMIT. I can do a lot more or a lot less than that number. :-)
HIGH VOTE WORTH:
With 36.1% VP my vote's worth is $0.31 which is a lot. Now Imagine what would be my vote's worth with 100% VP.
Vote's Worth With 3600+ SP. Snapshot taken on 01st MAR, 2018
Your vote's worth will be around $0.84 if you have 3600+ SP. Now let's see how much your vote is worth with 10K SP with 100% VP.
Vote's Worth With 10K SP. Snapshot taken on 01st MAR, 2018
LEASE STEEM POWER VIA @minnowbooster
If you are an active Steemit User and doesn't know what @minnowbooster is, you probably have been living under a rock with internet connection. MB is a preacher of STEEM Blockchain. It provides services offered to the STEEM God, that will help you generate more STEEM and SBD as an end result.
WHO IS @minnowbooster?
MB is a breakthrough project by @buildteam that enable Minnows to become dolphins and then whales. They are on a mission to innovate through Blockchain Technology and create Sidechain services. One of them is MB among several others. CHECK THEIR WEBSITE HERE.
STEEM Ninjas who are pillars of BuildTeam: @thecryptodrive (Witness) @cryptomancer and @reggaemuffin (Witness) backed up a superhuman team. And yes, one of them is BATMAN Too! Exciting, right? Visit their website to find out.
Well to be precise, there are 7 things you can do with it, that is flawlessly explained in detail by @ilyastarar in THIS POST. I couldn't find a better explanation of MB services anywhere else on Steemit. Ilyas is a gem of a person and a hardcore Steemit lover. I have gained most of my practical knowledge through his tutorials. He is my inspiration to create these guides. Definitely the the favorite teacher of Steemians as mentioned by him in his Steemit's "About" section.
STEPS TO LEASE SP THROUGH @minnowbooster
1. Go to https://www.minnowbooster.net/ and click on Login. You will find this button link on the top right of the website as shown below:
2. Once you are redirected to next page, Login via Steemconnect. Type your username and your posting key!
3. Navigation bar on the right will show up a list of services and other options in your MB profile. Click on "Lease Steem Power" as shown below:
4. A form will open, that's where most of you will get confused. I will try to explain this form in detail, but still if you get stuck somewhere, which you will, then you can re-read this guide or ask your questions in the comments or contact me on Steemit.Chat (UN- hungryhustle). If nothing works out for you, I can come on Skype as well. Haha!
Username to delegate to:Add your Username here without "@" sign. For ex - mine is "hungryhustle"
Steem Power Wanted:This is the amount of Steem Power you want to lease. I would suggest you to go for at least 1000 if you want to lease for 4 weeks or 2500+ above if you want to lease SP for 1 or 2 weeks.
How Many Weeks:Time period or duration of lease. In this case it is 4 weeks.
How Many SP per Steem per Week:This is the amount you are ready to pay per Steem Per Week. This number will help @minnowbooster decide the APR and How much STEEM is required to be paid to the investor ahead of the approval of delegation request calculated on Weekly Pro rata basis. If this doesn't make any sense to you, don't worry. In the next section, I will show you how I made my first 3 lease request on Steemit and how they got approved. Also, if your lease request is not filled in 3 days, you will not lose your STEEM. They will be returned to your wallet safely.
Nett APRThe percentage profit the investor / Lessor will earn. This will be auto-calculated.
Total Steem Required:This is the amount you pay to @minnowbooster. I would rather say, you would pay to the investor as a leasing fees. That's it! Not a single penny more or less.
As mentioned above, Nett APR and Total Steem Required will be auto-calculated by MB. Check the below formula and you will get the idea:
5. Click the "Lease" Button to make the lease request. You will be redirected to Steem Connect to approve the transfer of the amount. You need to use your active key to authorize the transaction
6. You can check your lease request in New Lease Requests.
7. You can also check your transaction history for two messages from minnowbooster as shown below:
8. Once your lease request is filled by a humble delegator, you will get a transaction from MB as shown below:
MY FIRST THREE LEASE REQUESTs
Below is the snapshot of the the three lease requests I made on MB. LR1 and LR3 was filled but LR4 was not.
Reason why LR2 was not filled
Because the price is not competitive enough for anyone or maybe at that time, there were better and more profitable lease request available. So it is a type of a gamble which you play but you can control the outcome or your win by providing a profitable rate to the investor and your potential lessor. The more STEEM you are going to pay, there will be a better chance that the outcome will be in your favor.
Important points to remember before and after making a lease request
- 1 week is minimum time period of lease and 24 weeks is maximum
- High APR = High Chances of your lease gets filled by an investor
- Check the active by going to https://www.minnowbooster.net/delegations and make a lease request according to them
- Renew your lease if you can because once a user delegated his SP to you, there is a better chance that he will do it again
- Do not abuse your leased SP in upvoting your own posts all the time. This is not ethical or profitable in the long run
- Make multiple lease requests with different values to all the parameters. You never know when you find a kind investor. Haha!
- SP per Steem per Week is price as explained in the section above. The less SP you want per every Steem you pay, the more profitable it is for the investors to fill it
@minnowbooster is one of the cheapest and fastest way to attain a good amount of Steem Power and rock your Steemit #Life. I will keep on leasing more Steem Power till the time I reach 1000+ SP in my own account.
BUY STEEM POWER VIA @blocktrades
We all know about @blocktrades already because this is the no. one exchange we use to convert our STEEM into other cryptos and send to our respective wallets where we convert those cryptos finally to our native currency like USD. Other than conversion or trading services, BT provides us 3 more exclusively for STEEM as shown below:
I will talk about "Buy Steem Delegation" which is exactly like leasing SP from @blocktrades. The minimum and maximum lease period is 90 Days or 13 Weeks (approx.). This is not an open market like @minnowbooster where any investor can fill any lease request. Here, you will get SP power delegated to you by BT and you do not need to make a request rather you can simply buy and get SP delegated straightaway. BT takes a little time to delegate your SP once you place an order. I made my purchase on 24th Feb and got the SP from BT on 28th.
WHO IS @blocktrades?
https://blocktrades.us is a cryptocurrency exchange owned by BlockTrades International Ltd. founded by DAN NOTESTEIN in 2015.
This website enables users to rapidly and safely purchase cryptocurrencies without the hassles typically associated with purchasing through a centralized cryptocurrency exchange. Unlike a traditional exchange, you don't need to maintain a balance on our site. Instead, you simply send in the desired amount of cryptocurrency you wish to spend, and we transfer to your wallet an equivalent amount of the cryptocurrency you are buying. This protects you from possible losses that can occur when you hold your cryptocurrency on a exchange that is vulnerable to attacks by hackers.
STEPS TO BUY DELEGATED SP (90 Days) THROUGH @blocktrades
1. Go to https://blocktrades.us/login and click on Login after entering your email id and password. If you do not have an account then make one by signing up on the website with your email id. It's easy and similar to any kind of sign up you do online.
2. Once you are inside, Click on the "STEEM" tab as shown in the below snapshot. You can find this tab on the top of the website. There you will see 3 services. Click on "Buy Steem Delegation"
3. You can purchase/exchange Steem Power Delegation (90 Days) with many cryptocurrency options available within the platform. I would choose Steem for now to exchange. Once you input the amount of Steem you want to spend to purchase SP delegation, you will be able to see how much SP you will get if you make the order. Enter your receive address as shown below, this would be your Steemit Account Name. Now click "Deposit Address" as shown in below snapshot
4. You will be redirected to below screen, where you can complete your transaction via Steemconnect which is quite easier. Other option is manual where you have to manually send the required amount of STEEM to be sent to @blocktrades with the memo as mentioned in the below screen.
5. Your transaction to @blocktrades will be shown as below in your account and Steemit wallet respectively.
6. Once @blocktrades fills your purchase, it will be shown like this in your Steemit Wallet. It took them around 4 days to fill my purchase.
Try the above two methods to increase your SP and enjoy the delegation. I am hoping that this case-study cum guide will help you guys in your hunt for the ultimate power. Please support me by upvoting and resteeming this post if you feel that I have provided value to the community. Feel free to ask any kind of questions related to Leasing or Buying SP in the comments. Also, give me your suggestions and feedback on how I can improve myself in preparing such material that is going to help all the STEEMians out there looking to make a difference. Cheers!
Check My Previous Posts:
✅Help PPY to Win This Survey! Make Online Gaming Stronger
✅My Steemit Goals For 2018 || Voting @firepower As Witness || A Journey From Minnow To Whale
✅What Happens When You Meet STEEMians Off The Blockchain! India STEEMIT Meetup!
✅Help STEEM on BINANCE Now : Do These 3 Things + Win 10SBD In Reward For HELP!
✅Funny People I See On FACEBOOK™ When The Market Goes RED 🔴 That's Why I Am On STEEMIT.
7 Day Zappl Challenge:
✅7 Day Zappl Challenge - Day #7 || Win 2 SBDs By Replying To This Post
✅7 Day Zappl Challenge - Day #6 || Win 5 SBDs When You Complete This Challenge
✅7 Day Zappl Challenge - Day #5 || Unlucky On Steemit
✅7 Day Zappl Challenge - Day #4 || Perfumes
✅7 Day Zappl Challenge - Day #3 || Happy Valentine's Day To Steemit
✅7 Day Zappl Challenge - Day #2 || The Secret To Success
✅7 Day Zappl Challenge - Day #1 || Zappl - The Decentralized Micro-Blogging!
Check the STEEMIT SUCCESS Guides:
✅New To STEEMIT? Here Are 5 Things You Should Plan On Doing - STEEMIT GUIDE #1
✅Make Impact With Your 1st Post On STEEMIT : SECRET REVEALED! - STEEMIT GUIDE #2
✅7 BATSHIT Crazy Tools To Help You Generate Kickass Content & Improve Upvote Chance - STEEMIT GUIDE #3