What is Delegation? How to Delegate & Undelegate SP to/from Minnowbooster

What is Delegation?

Delegation is a process of delegate some of your Steem Power (SP) to the services @Minnowbooster and @smartsteem for earning some passive income. It doesn't mean that You can only delegate to these Services, You can delegate to any bid-bots or Basically You can delegate to your own bid-bot or any other account that will help you to earn some passive income in a form of Steem & SBD on a daily basis. It can be beneficial for those who have a good amount of SP because the more you have SP, then the more you'll earn passive income from the delegation.

I delegated 20 SP of mine to @Minnowbooster Bot. I know this is not enough SP to delegate because right now I don't have much SP in my wallet. I performed this task just for the sake of learning that how to delegate & un-delegate SP to/from Minnowbooster Service. You can clearly see my (-20.578 Sp) delegation underneath my SP which is shown with a negative sign, It means I can't use that amount of SP for a certain period to Upvote anyone with my full SP.

Note: You've to keep in mind that If you delegate some of your SP to any services, you are not losing your SP and your SP is fully safe because you can undelegated your SP at any time. The best part is that it is the most risk free way of earning some passive income.

How to Delegate SP to Minnowbooster (MB)?

To delegate Your SP to @Minnowbooster, The first task is to visit the MB Website., then You have to select the Delegate to Bot option from the left side of MB website.

You must be a member to delegate your SP to MB. To become a member, Just you have to Login to MB by providing your Username and Private posting key.

Once you have logged in, to MB and also select the Delegate to Bot option, then you will come across this page.

As you can see above in the image, You have to provide some information in the fields. In the Username field write your Steemit Username while in the Steem Power field write the actual number of SP that you want to delegate, then the last task is to click on the Delegate call to action (CTA). After clicking on The Delegate CTA, It will navigate you to a Steemconnect page where you have to click on the continue button to move on.

The Last task is to provide your Username and active key on the Steemconnect page, then click the SIGN IN button to perform the delegation.

Once you have provided your information and also clicked on the Sign in, then you will be navigated to the last page where you will get the message "Congratulations, The operation has been successfully broadcasted" and that's it.

MB distributes 90% of the revenue it receives among the delegators who delegate SP to the MB bot and the delegator will earn passive income based on their amount of SP that they have been delegated.

After delegation the delegator should put their Username on the https://steemd.com website and I am sure each of them will get this message like mine as in the image below.

How to Undelegate SP from Minnowbooster (MB)?

A lot of people delegate SP to Minnowbooster to earn some passive income, but later on, when they want to undelegate their SP back from this Service, They didn't find any option to undelegate their SP back. So I thought I had to explain the way to undelegate your SP back from Minnowbooster by following some simple steps. As I said before that I delegated my SP to MB just for the sake of learning because I know I couldn't earn enough passive income from my 20 SP delegation. So let's get started.

The undelegation process is quite similar to the delegation, means you have to select the Delegate to Bot option from the MB website and fill out the fields, but this time you should write a negative sign beside the number of SP that you want to undelegate and then click the Delegate CTA to move forward. If you still find it difficult, So basically take a look at the image above.

Once you clicked on the Delegate CTA, You will move on to the next page where it shows like the image below with the Steem Power of 0.000 SP. then press continues and follows the similar steps as you did while delegation and the Steemconnect basically understand that you want to undelegate your SP.

After completed all the process, You will successfully undelegate your SP from Minnowbooster Bot, but It takes 7 days to get your SP back in use after undelegation. As always you will get a message on the https://steemd.com/ website like the image below.

Now I'd like to hear from you about delegation and any other way to undelegate SP from MB by sharing your useful thoughts in the comment below.

If you like this post, So please Upvote, Follow and Resteem.