Delegation: a unique & safe passive investment tool on a blockchain.

[shortsegments]

Delegation: a unique & safe passive investment tool on a blockchain.

Source

Delegation preserves the safety and security of cryptographic protection for your passive investment of your cryptocurrency tokens.

— One of the ironies or perhaps great paradox’s of cryptocurrency investment is that thee most important tool cryptocurrency has is cryptographic security for crypto tokens in you wallet. But most investor losses related to decentralized finance, is due to voluntary relinquishment or surrender of this magnificent cryptographic protection to invest capitol in profitable projects. In order you vest your cryptocurrency tokens usually leave your wallet to sit in someone else’s wallet. If we look at the major cause of cryptocurrency investors losing their crypto in 2022 it was this vulnerability caused by sending their crypto to places like Terra Luna, Three Arrows Capital, Celsius, Genesis, and FTX . This resulted in loss of capitol, but not because of some brilliant computer code skills, but instead because of simple fraud and theft.

In all cases the investors transferred their crypto out of their wallets to someone else’s wallet to invest.
These were all thought to be reliable and safe companies. And in each case the investors lost 100% of their investment.

Interestingly enough, our blockchain has an investment vehicle which allows you to keep your cryptocurrency in your wallet, and protected by cryptographic security, which is the most secure form of security known today. It is called Delegation.

Delegation

• Delegation is designed to be both safe and passive.
• Safe in terms of maintaining cryptographic protection for your Hive.
• Passive as in requiring no actions or work to earn more Hive.
• Excited? Read more.

Safety of Delegation

• Delegation is designed to allow you to invest your Hive, and earn more Hive, without your Hive ever leaving your wallet.
• This is made possible by the existence of HivePower, the staked or locked form of Hive, because HivePower determines the size of Hive Token Rewards your upvote gives the person you upvote with Hive. And HivePower can be loaned to another account, but can never be sold or transferred by the account you loan it to, so it cannot stolen.
• HivePower can only be loaned by the owner of the Hive token it is based on, and the loan can be reduced or cancelled by the owner of the HivePower any time.
• This makes HivePower loans, which are called Delegations, an amazingly safe and flexible investment. It can also be used as a way to support a person or project temporarily with an asset which allows them to make money or gives a new account the ability to post or comment before they buy any Hive.

Delegation can be a Passive investment.

• Delegation also allows investors to earn Hive, without creating content or upvoting content on any of the social media platforms on our blockchain, like InLeo, Peakd or Ecency.
• The investor delegates HivePower to projects which actively earn Hive by upvoting the content of others to earn Hive. Then the project pays 80-90% of all their Hive earnings to the delegator as passive income.

How to Delegate Hive

• In order to delegate Hive you must change it to HivePower through a process called Powering Up.
• Powering up Hive gives your upvote value in terms of awarding Hive yo authors of posts or comments. And the more Hive you Power Up, the larger your upvote value in Hive.
• When you upvote someone you split the value of the vote. So upvoting posts and comments rewards the author of the post and you too.
• Once you power up Hive you can select Delegation from the drop down menu in your wallet next to the HivePower line and type in how much you want to loan, who you want to loan it to and press send. Now you’re supporting a project you like or your earning passive income.

Delegation FAQ

• You can only delegate Hive Power you own.
• You can’t delegate Hive Power you leased or Hive Power delegated to you.
• Once you undelegate Hive Power the project or business you delegated it to loses that Hive Power immediately and can no longer use it. However you won’t be able to use it for 4 days.

Last Words

• This passive investment vehicle, which you control is rare in cryptocurrency and you should take advantage of it during any periods of inactivity to keep your investment working for you.
• As Warren Buffet, the Billionaire Investor said, if you can't figure out how to make your money work while you’re sleeping, you will probably work until the day you die.

✍️written by Shortsegments.

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Comments

[mfontom]

It's nice. I'll make a couple of investment in that direction. I do I delegate to @cutecurator

[shortsegments]

Thank you for the support.

[ibbtammy]

Now this is a more detailed post about delegation that can help newbies. I remember when I newly joined Hive and a lady delegated to me I was totally dumbfounded. I had to search and search before I found a post on delegation.

Thanks for sharing😊

[shortsegments]

Thank you, and I appreciate a reblog of this post.
I would also appreciate it, if you tell them to check out the C.U.T.E. Community by clicking on @cutecurator

[bitphoto]

Yes. Delegation is the only way to go if you like Passive income. … I hope to delegate more to interesting projects when I accumulate more Hive Power .

[shortsegments]

Appreciate the comment, delegation is in someways a hidden super power.

I would appreciate a reblog and I hope you will check out the C.U.T.E. Community your earnings will increase. #cute Click on @cutecurator to learn more.

[bitphoto]

Yes…I will reblog…let’s build up @cutecurator

[defigeek]

Reblog is a good idea.

[cutecurator]

Yes delegation is a wonderful tool

[bitphoto]

I hope to have a lot more Hive Power to delegate more.
Will need to buy a lot more Hive on the big dips…

[cutecurator]

Free INLEO Premium Contest on Hive Community Bloom

Last Day December 5th

#bloom

[adedoyin01]

This is actually a good way to accumulate more hive when we sleep. Similar to someone working for us.

[shortsegments]

I think your comparison is accurate. Earn while your sleeping or working another job.

[sydney27]

Thanks for explaining this in well detailed! I honestly unaware that delegation can let you earn passively. I would like to try it but for now I have very small hive tokens. I'll keep this article in my bookmarks!

[shortsegments]

Your welcome. I think if you join the C.U.T.E. Community your earnings will increase. #cute Click on @cutecurator to learn more.

[sydney27]

What is that community about? Thanks for recommending it to me. I will try to check it out.

[defigeek]

Thanks for asking the question.

[shortsegments]

You wrote:

What is that community about? Thanks for recommending it to me. I will try to check it out.

The Bloom Community is about maximizing your potential on Hive using the CUTE strategy of commenting, upvoting, tweeting and earning.

You may already do these things, but Bloom is a place where people willing to implement or perform this strategy are invited to come and be surrounded by people of like mind. This multiplies their efforts, and helps small accounts be found in a smaller group of accounts.

It’s easy to do, by joining the community here, posting using this tag #bloom and engaging in the community through comments.

I believe in this strategy because I have seen it work.

So I created this community to bring people together to multiply their efforts, and delegated Hive Power and Leo Power to Community Moderator accounts to reward people implementing the CUTE strategy.

It’s as easy as Join, comment and earn through engagement.

[sydney27]

Oh okay, thanks for the explanation. Is there a link or process in joining? Or you just join the community

[shortsegments]

Then you can post in the community, comment, engage and earn .Yes, here is the link to join: https://hive.blog/trending/hive-180571.

[defigeek]

I think it's better to show the links from now on.

[defigeek]

Thanks for the detailed answer.

[hivebuzz]

Congratulations @shortsegments! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 89000 upvotes. Your next target is to reach 90000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

[shortsegments]

Thank you HixeBuzz for the feedback.

[defigeek]

The QR codes are tacky, lose them.

[hivebuzz]

You're unstoppable @shortsegments! We'll be here cheering you on every step of the way!