Every week some of you will know that I dedicate approximately 5-10% of all my post rewards to give to worthy content as tips. I call them VIPS as they are essentially tips as votes. The reason I have decided to adopt this approach is that I am currently using most of my stake as delegation for vote support, therefore I have no real vote power.
The reasoning behind this decision is based on building stake. In return for my delegation I receive vote support, token and Hive drips. All of this combined helps me to grow my stake quicker. Once I have enough HP to give out a $0.15 vote I will no longer need to use most of my stake as delegation.
In the meantime I want to give rewards to people, not only to the ones who have supported me since joining Hive but I also want to reward high quality content and support the community. Therefore this is why I use 5-10% of post payouts to feed back into the tips as votes initiative.
Keeping within the blockchain sentiment of transparency, since the last VIPS Report I have given out a total of 6.5 Hive in VIPS. I appreciate this actually isn't too much in the grand scheme of the whole game but as you know I am in the process of building up my stake from nothing and trying to get to a position where I can give out a meaningful vote to the value of $0.15.
I do hope you can appreciate my strategy with the VIPS, it's the best way I can give out something bordering on a meaningful vote while I continue to build my stake.
Enjoy the VIPS!
Peace!
