Vote Selling | How I helped my friend earned Steem
Hey Steemians,
When I started out on Steemit , there was hardly not much tools around for Steemit. I remember one of the first tools I found easy to use was MinnowBooster. I used to delegate my steem power thru its innovative market place and that helped me increased my Steem Power significantly so I could be able to help my community more.
Just a month ago I revisited MinnowBooster again and to my surprise I saw it has matured so much. One of the new feature which caught my attention was Vote-Selling .
One of my buddies had invested in Steem and then he could not continue blogging due to obtaining a new project. So I told him to try out Vote-Selling and if he could maintain at least 1 post a week ,
- he would be able to upvote himself using the balance earned
- he could upvote other people using the balance as a form of support.
- The final option was to just withdraw whatever he made from staking his votes.
disclaimer : I do not sell my votes , I'm just sharing the experience of what I did for my friend who invested into steem
SO I GOT HIM INTO VOTE-SELLING !
DO NOT LEASE YOUR STEEM POWER NOW, BUT SELL YOUR VOTES ! THEN UPVOTE YOUR POST FROM BALANCE
I realized that delegating when the price is low does not make much sense and I seemed to get better returns from selling my votes. Not only that you will get better returns but you will also be able to promote not only your post but any of your community members posts just to help them out.
How do I do that ?
Once you login, you will see Vote-Selling in the menu after clicking My Account .
You will then be brought over for you to authorize your account. Go ahead and authorize your account if you want this to be this main account to sell the vote.
Once you have done that, login and now you have to do some settings for your Vote Selling. Once more click into Vote-Selling option and your screen should now look like this after you have authorized MinnowBooster to use it.
You can leave these settings at default except for the bottom slider which states Sell your vote when VP above . This value is based on your percentage of your voting power . This is so that all vote selling will stop the minute you go below the stated percentage ! It would then wait till you get above this percentage before it commence vote-selling again.
Here are a few TIPS !
Do not do this if you have a trail. Your trail will not benefit and its just plain rude for selling their votes without their permission. Besides, only the authorized account will earn.
Do not set the VP percentage too low, remember it takes 24 hours to roughly gain back 20% of your VP . 65% should be a good number to start with and you can adjust from there
You can withdraw your SBD anytime you want, however you would benefit more from just upvoting your post or your friend's post.
Conclusion
This is a great feature from MinnowBooster if you have dormant accounts which you would like to just gain from selling vote. With you selling your votes, not only that account gets to profit however you are indirectly helping others as well. MinnowBooster maintains a blacklist shared with Steemcleaners and other upvote services so that your votes will not go to spammers or anyone who has been reported to MinnowBooster.
Should you vote-sell ?? That is something which you should decide on and its based on how active you are on the Steem Blockchain !
If you would like to check out MinnowBooster you can find them on
http://www.steemit.com/@minnowbooster
and on their friendly discord channel
Another great tool MinnowBooster and BuildTeam has provided the community with is the Delegation Leasing Market. The DLM allows you to lease SP at your chosen rates and even fill SP at high APR % amounts as per the below example.
Cheers and hope this short tutorial was helpful for you ! Have a brilliant weekend ahead !
@bitrocker2020
This is a great tip especially for those who cannot be active at Steemit but has substantial SP
Posted using Partiko Android
Congrats you have been selected by the Steemvoter (SV) Guild, keep up the good work you make Steem great!
Note: You should receive many guild votes in an hour or so, enjoy!
Steemvoter doesn't work currently for my account. Can you please check and fix this?
Das funktioniert bei keinem Account seit Tagen wie du bestimmt mit bekommen hast - Steem Freeze, HF20 - 19 bugs - aber soll bald wieder gehen habe ich gerade gehört.
Er geht wieder - yippee große Freude!!
genau, jetzt musst du ja fast auf 100% sein wieder :-)
Yes mate, I also use bote sell, but I use steemit a lot so it is not a beneficial process for me. But tjose who have a decent reputation/sp and dont come to steemit very often can use it , it will be a good gain for them.
Posted using Partiko Android
its mostly for those dormant accounts . i've seen many steemians who just left and with thousands in their accounts not doing anything. might as well do something about it right ?
Lol yeah, look at the @pon account, I transferred 10K Steem over a year ago in error, still there haunting me, haha! :)
ohhh man !! that's crazy !! lol
OMG! I just clicked on that account's wallet and there sit the 10k... it haunts me as well...
Absolutely... They are Building something better from scratch !
Posted using Partiko Android
OK when you have enough SP to sell your votes its all clear. But when you just a minnow and your vote costs almost nothing (let's imagine that you have only 20SP) what to do then? It will take you many times to receive enough Steem to promote your post.
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when you have only 20 SP .. you can delegate to projects that help you out in return. things like @qurator is able to help wif daily upvotes and such even if delegations are small
OK. Thank you for your answer!
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Great. Though i cannot sell my vote cause i have a voting trail. Good sharing
you are following a trail which is ok.. unless you have ppl following you then you should not be vote selling
Oh thats great. Will do that later. 👍🏼
Posted using Partiko iOS
Very interesting, I hadn't heard of this. Thank you for posting about it.
cheers !
I think vote selling is a great way to earn passive income. I think you hit the nail on the head with your comments about curation trails and vote selling. I don’t think you disclose that to your trail at a minimum.
Posted using Partiko iOS
with a trail on you , you should not be selling votes at all . this method is seriously great for those with dormant accounts .
I agree on both points. If you had enough SP you might be able to create a very nice passive income stream. Kinda like dividends on stocks.
Posted using Partiko iOS
Good seeing this.. Thanks for sharing.
Hi @bitrocker2020!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.429 which ranks you at #166 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 167).
In our last Algorithmic Curation Round, consisting of 434 contributions, your post is ranked at #2. Congratulations!
Evaluation of your UA score:
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Lol you are so random
I love minnowbooster!
Posted using Partiko Android