Using a Leo delegation service for first time | @india-leo

By mango juice | 0mango-juice | 11 Apr 2023


 

Hello Readers,

Leofinance is a well known project in hive chain and mainly it serves as a front end of the hive blockchain and can be accessed with leofinance.io website built on hive chain. This front end is created specially to showcase financial blogs and posts on hive to benefit the readers by tons of financial practices, strategies, updated news and updated news of every even happening in crypto. But they didn't stop there, instead, they are trying to build new projects on this chain that actually brings value to the users / investors. Their latest work on the LeoThreads is already getting popularity among the hive family and people are liking this twitter alternative project that is based on pure decentralisation hive ecosystem. Anyone is welcomed to post financial related blogs on this website considering the user obeys the general rules and for his work, he will rewarded with HBD, hive and Leo tokens in return.

The Leo token is the main token of this website and also the curation reward token for using the #leo tag in your post or posting through their front end website. But, Apart from the staking and curation rewards, you can also delegate your staked leo to certain projects And earn daily dividends without any hassle and today, I am Going to use one of those delegator services and will delegate my leo power to see how much I can earn from it.

Now, staking hive and other layer 2 hive-engine tokens like Leo, spt, hive-engine, neoxian etc and then curating good content is a common practice here and in this way, both the stake holders And post authors gets benefitted whereas the stake holders will generated staked rewards with hive and the tokens he staked and voted the respective tags and based on his total staked power of that token and the current voting mana % when voting. How exactly the voting works in hive chain is a big subject but in short, the voters gets almost the same rewards depending on their staked power if they vote the blog within first 1-2 days of posting. But in reality, while staying Series with the main Hive Power we have to vote efficiently so that we don't waste it lying at 100%, we often forgot to utilize our hive-engine curation tokens like Leo, spt, neoxag etc and for me, often some of them them get wasted by lying idle at 100%. So, lately I decided to delegate all my staked Leo that I save in hive-engine to a well known Leo delegation service @india-leo.

 

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@india-leo is a delegation service running by @bala41288 and team IndiaUnited that purely focuses on manual Leo curation service and reward it’s Leo delegators with 100% of the rewards. Just like there are multiple tribes and projects (ie - @indiaunited @bdvoter @neoxiancityvb etc) that provide hive power delegation service where you would get liquid hive or other tokens periodically over time just for delegating your hive power and in here, the @india-leo is doing quite the same but with Leo curation token. The project is currently curating with total 1,27,847 Leo power and there’s many Leo lovers That already delegated in this project. So, if you have a decent amount of staked Leo in your account but you are busy in other works and cannot curate efficiently, you can try delegating your staked Leo to them and see if it’s working for you and today, I am going to do the same.

Presently I have total 1050+ staled Leo in my account which I am going to to delegate to the project and will monitor the reward outcome from next one month. During the last Leo power Up day, I participated for the first time and bought some liquid Leo off Hive-Engine market and staked them to reach my first 1000 staked Leo that day. Till then, I have written some more posts and earned about 50 more Leo which I again re staked and reached here. From today on, whatever Leo I get from the delegation service I will re-stake them back in my account and adding that with all the Leo that I get from post rewards, whenever I will reach 100 Leo I will increase that amount back into the delegation service. In this way, I can have a netter rate on my staked Leo growth, but I can certainly tell after using it for a month or so. Now, let us go with the process below to delegate Leo Power to @india-leo.

  • First, go to hive-engine.com or leodex.io and locate your Leo in your wallet.

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  • At hive-engine l, click the spiral arrow button just before the trade button to open the delegation widow. Approach is same for the leodex.io website as well.

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  • Write the name of the account that you want to delegate your Leo tokens and also Select how much amount you want to delegate. For me, it’s to @India-leo and 1050 Leo power and then hit the Delegate button.

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Well done, you have successfully delegated Leo power and you can check the transaction button beside the Leo token to see the transaction for yourself. After a refresh, the delegation will also appear in the wallet page of hive-engine or leo-dex.

I hope you liked reading my post. Let me know your thought or how to increase Leo Power faster in the comment below and I will be seeing you all in my next post.

 

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mango juice
mango juice

Blockchain enthusiast, Mobile photographer, gamer, fact teller, tech n gadget reviewer, foodie, traveler!!


0mango-juice
0mango-juice

Hello readers, I am mango-juice, a crypto enthusiast and blog writer on hive blockchain since 2018. I also try different NFT gaming and DeFi projects and share my analysis and thoughts with my readers. I am also a veteran Splinterlands player and write about it’s gameplay tactics and investment strategy as well to help other players and newcomers.

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