Don't Forget The Leodex Vote Multiplier For the Tribal Tokens
Bear markets are for growing but whilst growing we have to monitor that we are at least doing the basics required. For instance if you have stake you need to make sure you are consistent in the claiming and restaking process. Like wise on Hive we need to use the tools we have in order to keep maintaining the growth.
Do You use the Leodex Vote Multiplier?
The Leodex vote multiplier is hands down the most undervalued tool I use on Hive to help grow the secondary tokens. I don't have an alt account set up to help balance my Hive vote so every vote has to count and the only way I can eek out extra votes is by using the Leodex vote multiplier. If you haven't used it before so yourselves all a big favor and set the process up. The secondary tokens may seem like nothing right now but who knows this could all change and then you would have thrown away the golden opportunity to have earned some more.
This is very easy to use and firstly you need to log into Leeodex. One logged in click the reward tab and open up the page. On the far right you will see a tab that looks like a lightning bolt.
This will now open up the vote multiplier and you can adjust the vote weight in each tribe.
If you are active all over Hive in multiple tribes then I suggest starting with a 3 x which will increase your tribal vote by 3 x and leave your Hive vote at whatever the vote was. So if you vote on Hive with a 10% value then the multiplier will change the vote for the tribe to 30%. This is maximizing your vote value to help curate in the tribes with what stake you already have. For instance in Leo I vote with a 20% Hive vote normally which results in a 60% vote on my Leo vote value. I would suggest checking your vote VP daily on Leodex and adjust accordingly as trying to maintain an 80% value and no less is advisable. Our vote recharges at 20% per day so try and keep within the 20% should be the rule of thumb.
I noticed today I need to adjust certain tribe votes as the multiplier voting power is still sitting on a hundred percent. I mainly curate in the evenings so this is alright for this time of day, but CTP and Leo for instance can go up another level another level as I can vote more.
Voting is the one area you have no excuse for sitting with a vote at 100% as I see that as a wasted resource and should always be recharging and not sitting. This I compare going to bed with your socks on as this is how we support everyone else around us. If you go to sleep with 90% VP you will wake up with 100% VP so why not drain it all down to the low 80% region and wake up with a 90% plus vote value. This is the basics that should be happening on daily basis as this is all part of the growth process.
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I like this post and agree.
From an investment point of view, voting is certainly a way to earn more, obviously also referring to second-level tokens.
In addition, it serves to support users who engage and add value on Hive and it is a shame not to exploit or waste it.
Nice post!
Thanks for the heads up. I need to double check my settings on this. I haven't looked at them in quite some time.
Posted Using LeoFinance Beta
Alright! This is awesome! I need to check this service out because I have been doing this manually! This will save time!
Happy you can see the benefits and get the rest of your gang doing it as your Hive vote goes much further using this.
Posted Using LeoFinance Beta
I set mine a lot time ago but I generally only visit LeoFinance most of the time. Just wondering, but I recall it being broken when the tribe moved to Outposts. Is that still the case?
Posted Using LeoFinance Beta
As far as I can see things are working like they should.
Posted Using LeoFinance Beta
I didn't know about this service before I also check if it is for me or not if it is very useful. Manually voting takes a lot of time, this will also save time. Right now my HP is also low, if it will increase then this service can also give me a lot of benefits for autovoting.
honestly I think its better to just vote 100% every time. Low VP is a myth, you get the exact same curation rewards and likely better by never threatening to get to 100% VP.
No I disagree and why I try and keep it in the 75-90% range and never drop below 70%. I have been down to the 20% range before and it is terrible being in active waiting for it to recover. Curation plays a big role in your account growth and why I do pay attention to this.
Curation doesnt change at 20%, its the exact same. You don't need to wait, its a myth.
50 votes at 20% is the same as 20 votes at 50% or 10 votes at 100% the curation is the same.
Yes I know, but for constant growth to take pace you keep it in a fixed window of 70-90%, once you drop below that it does hurt your growth. Consistency is the key to maintaining growth and why I stick to my 80% rule for HP.
No, it doesn't.
Maybe someone told you that, I see that you believe it. I am telling you - it does not. Mathematically the income from curation is the EXACT SAME no matter your VP.
The only difference is giving out more votes worth less compared to less votes worth more. Some people like to see their votes worth more. But the total value of votes you give out is the same, and your curation is the same. That's why VP exists, its a dynamic system that only lets you give out the exact same value no matter how many votes you give out.
I am telling you that you believe a myth. Its wrong. I have posted and proven this mathematically several times. Its not true. Please consider that I might be right about this - because I am. I work very hard to dispell this myth because I prefer people understand the truth about how things work.