Ever looked into Helios?
Image from the hive-engine token information page
As you may guess from the namesake of this account this account is to look into how beneficial the $HELIOS token is and how profitable delegating to @helios.voter is. I'm not too sure exactly how useful it is but I did recently figure out a little bit about it with a lot of help from @coininstant Now I'm still learning and I'll revisit this once I've been HODLing, delegating and burning for a longer time but this is a quick look at things so far.
I may be wrong so don't take anything here as written in stone!
First up: Delegating to @helios.voter
Just like with all the other .gld accounts this one got 100 HIVE to delegate to a curation account. In this case the @helios.voter
Now you will see regular payouts of 0.066 Helios and when you do the math on it, it certainly is a 20% return. That's a great return, especially since the $HELIOS token has some utility to it (more on that later).
... But...
Holding $HELIOS
Now if you check out @helios.publisher you will find their regular post telling how you can earn by delegating to @helios.voter or by HODL onto the $HELIOS coin.
and in the @helios.voter rewards it says the same thing :
But I will admit I'm confused....
If you look above I am HOLDING onto 154 Helios tokens (100 HIVE worth) in addition to delegating to @helios.vote... The return on the delegation is like clockwork. A return on holding the tokens? Nothing. No 15%. Maybe it was discontinued? I thought perhaps I needed to stake the token but on Hive-engine...
Staking isn't an option.
Perhaps someone from the Helios project or my friend @dlmmqb have an idea what's up with that but for now I'd say delegations are solid, holding...not as much.
Burning $HELIOS
If you head over to https://helios.surf/ you will find possibly the most useful option for the $HELIOS token. If you are also like me it may also be the most frustrating. A big thanks to @coininstant for guiding me through the process.
In short terms. If you have 5 HELIOS tokens worth about $0.60 you can burn those tokens to call the @helios.voter to curate a post. The curation reward is $1.60 so burning the Helios is money well spent.
But be smart about it.
Asking the curation account to upvote a low quality, spammy or other bad post will just get you blacklisted. Please don't do that. Asking it to upvote your own post which you put a lot of effort into? I'll say that's a gray area in my books. Voting for yourself is generally frowned upon and burning HELIOS for a vote seems kind of like that but then again if it is a quality post, why not?
However, the best use for the curator call? Find other peoples quality posts and call in the curator to give upsided value to them. Sure I could just send a TIP (yeah, I know, not many people do that) but if I could send a $0.60 tip or a $1.60 upvote...with the same cost to me? It isn't a difficult decision on my side.
But the website gave me a terrible time so I'll tell you why so you don't get stumped.
If the page looks like this you are good to go!
Notice how it shows the amount of HELIOS that @hiveabbyftp has? How it shows the value of $HELIOS and how it shows that the URL I entered is "available". From here I just click "BURN" and an upvote to that post... provided the voter has voting power available. If not wait for a while until its voting power regenerates.
BUT
When I first sent to the site it looked like this. Notice that is just won't find my tokens so the web page is basically useless! Soooooo frustrating.
Look down at the bottom!
The links to the HIVE and HIVE-ENGINE nodes are really important. By default it went to inactive links and the result: The page didn't work.
Simply selecting a working node made a world of difference!
One other gotcha
Once I had working nodes and the helios token was found in my inventory I thought I was good to go! Horray! I cut and pasted an article I spent a bunch of time on that didn't get curated by the Hive learners ... because I misspelled a tag as hl-exclsuvie (grr) and thought well, I'll get curated by this account.
..... and it didn't work.
As a side note: You can only upvote a post that is 24 hours old or less. No 3 day old posts. Just an FYI
Final thoughts
Overall I'm glad I found the HELIOS token and figured it out.
.... it wasn't the easiest curation account for me to find and figure out ... and I may still be getting things wrong.
However, the 20% return (in HELIOS tokens) is very valuable.
The ability to burn those tokens to get a nice fat upvote is very valuable (but use responsibly)
But the benefit from HODL the token? I'll keep watching and see what happens with that.
Thanks for reading. Hope this proved beneficial
And I almost forgot!
You can spend your HELIOS tokens to hire a bot to do automated trading for you like the DCAbot designed by @dlmmqb
if you head over to hive.trading there are a bunch of different bots that automate trades. Currently the dcabot.gld isn't doing so well, probably because its set to bull and we had a brutal bear grind us recently. Still, it is another cool utility for the HELIOS token
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STOPFor the HELIOS REWARDS it's like the top 100 holders, I need to double check the exact numbers but last I checked the cutoff was around 320 HELIOS, so it wasn't discontinued, it's just that we didn't state the threshold.
Awesome! Now that I know the TOP 100, I'll add that to my useful information, buy some more and keep the review up to date when I post on Helios again in January or February.
Really appreciate the information!
It's not an issue
Not all tokens r meant to be staked. Pakx also don't need staking similar to helios and both drop dividends in hive for holding.
Not sure about helios but for pakx, it was designed in this way to give more value with dividends to market makers
PAKX is awesome that way. EDSI and SURGE are two other little gems that do the same thing. I was kind of hoping HELIOS would be the same but haven't found it so far. I'll keep looking though and see if I'm just missing something.
Pakx is heavily inspired by EDSI and ssuk.
Then hiq, bro, and many others.
I will give more credit to Coininstant though but yeah, I am involved behind the scenes too
!PAKX
View or trade
PAKXtokens.Use !PAKX command if you hold enough balance to call for a @pakx vote on worthy posts! More details available on PAKX Blog.