Adjusting Vote Weights for PRECIOUS

We haven’t had to adjust the Vote Weights for Precious in many years. I think the last time we had to do it was back in the old STEEM days, but with the Silver Gold Stackers Community having a resurgence of late and lots more great content being produced on the HIVE blockchain it was probably only a matter of time until this day would come.

Ideally we’d like the Voting Power for our Community Curation Account to be fluctuating around that 90% mark so that our members can get the best value for their posts even if they are posting infrequently. Recently the Voting Power has dropped into the 80% range and in the last month or so it’s dropped regularly into the 70% range which is getting a bit low. The trigger for the decision to reduce the Vote Weights came when our PRECIOUS briefly dropped below 70% yesterday. I can’t put the decision off any longer so it’s time to make an adjustment.

After the weekend I’ll be reducing the Daily Vote Allocation on our Sponsorship Tiers by 10% across the board in an attempt to revive the Voting Power on the Hive account@ssg-community account. I expect that this should push it back up to be consistently into the 80% range over the short term but it does mean that actual Vote Weights on each SGS post are going to be slightly lower. This might come as a surprise to some of our content creators, but we’ve always managed our Voting Power this way and I hope that other members will join me to help to explain the change.

In the long run it doesn’t make a huge difference to our content creators. As old mate Hive account@welshstacker likes to say "It’s a smaller piece of a bigger pie" but it also means that members can post slightly less frequently and get slightly bigger Upvotes if they want to manage their post rate.