Managing the voting power of multiple staked tokens - 3

A few weeks ago, I wrote about one possible solution to managing your stake and voting power of your vested tribe tokens.

_{Divide and conquer pepper source}

Those posts are here and here and suggest creating an account for each token/tribe and then delegating or sending your tokens to this account to vest for issuing votes.

The idea was that you could have this alternate account mimic your main account vote, and add more weight to the tribe vote/s as it was very likely that the VP for these tokens would be underutilized - and no-one likes idle 'money'.

Using this approach is initially quite time consuming and requires a set of accounts. Ahem:

However, if you do have time and the willingness to curate, you can chose to login 'locally' to the various tribes with these alts and dedicate votes to your favourite authors/content. This is the main advantage to another (easier?) option that I am going to try to explain below. Warning - There is code but don't run away, JSON doesn't bite.

The following guide uses a combination of @holger80's post here, and the following link for performing lots Steem blockchain activities at a high level, coded by @eonwarped here: https://eonwarped.github.io/steem/sk/main.html

---

Vote Porn!

As I don't plan on curating that much porn (or hold @abh12345.porn), but do want to keep hold of my PORN tokens just in case porn does moon STEEM, I've chosen to vest the tokens received in the airdrop to my main account and buy 500 more PORN to make a nice round 1000 to start with.

I want to give a vote with my PORN Voting Power that is 5 times chunkier than what I issue with my main account, so:

1. Install Steem Keychain! (Chrome, Firefox)

2. Go here https://eonwarped.github.io/steem/sk/main.html and find the line that looks like this:

1. The 'message' box you can leave empty, but you will need your username, without the '@'

2. 'Posting' stays as is and the JSON 'id' for this operation is: scot_set_vote

3. In the 'custom_json' box, paste the following:

{"symbol": "PORN", "vote_weight_multiplier": 5, "downvote_weight_multiplier": 5}

1. Click 'send' at the end of the row and confirm the transaction with Keychain

EDIT: You can also update the vote weight multiplier here!: https://economicstudio.github.io/vp/?a=abh12345&t=PORN

Cheers @blockchainstudio!

---

Did the transaction go through?

Looks good on https://steemworld.org/@abh12345

---

Where to see this in action?

This could well come back to bite me on the ass as i know how easy it is to bring up the history of someones tag specific voting, but lets go vote for some porn!

Steemworld is just going to show my Steem Power vote %, and I'm not sure where to see the SCOT tribe vote percentage following the vote and so I logged into https://www.dporn.co.

I observed the following, having chosen a 5 times multiplier for my PORN vote:

At 19% weight, the vote value is 5.80178250:

At 20% weight, the vote value is 6.13854548:

And at 21% weight (all the way up to 100%), the vote value is still 6.13854548:

So it looks like the scaling of my vote percentage has worked. Voting this content at 20% (or more) from my main account would mean a 100% vote with the PORN Voting Power.

---

Choosing the right multiplier amount is probably the most important element to consider. The example above uses 5x, but it could be that you don't want to burn hardly any Steem VP on a particular tribe. You could use 100 for the multiplier and 'tag' the content with a 1% vote, which would then be a 100% vote with the tribe VP.

Also, 5x might well be too high for #palnet content and using my previous guide, abh12345.pal is only voting at 1.25x of the Steem vote.

---

At present, I'm using both this approach and the one covered in the links at the top of the post. I have the resources and the time to set up the alts, and do like curating 'locally' on the tribe front-ends. I also like not having to use Steem Voting Power at times and this is only possible with the multi-account approach.

Scaling the vote using only one account is certainly tidier and less time/resource intensive, but I do expect one to be visiting @eonwarped's settings page fairly frequently initially to adjust the vote_weight_multiplier should tribe VP still be underused, or overcooked.

If you have bought into some of the tribes I recommend exploring at least one of these approaches to make best use of your investment.

I hope this helps someone, I'm still getting queries and seeing plenty of discussion on the topic.

In a token gesture of support to @eonwarped and @holger80, this post has a 5% beneficiary set for both.

Cheers!

Asher