Things may or are already happening much earlier than I expect and it’s gonna exciting. I made a post yesterday regarding my P2P HP Delegation venture where I offer 10% APR profit to those who will make a deal with me. I got a good feedback when it comes HP Delegation and people showing their interest by commenting on my post. I never thought that the community is actually more active than I thought. Getting this kind of feedback is not common with many of my posts so it made me excited about this venture.
One of the queries that I got is about the form of payment will they receive by delegating their Hivepower to my account. I believe the simplest payment has to be in the form of Hive tokens. Hive reward for a Hivepower delegation doesn’t require complex computation because it’s a 1:1 ratio regardless of the price of the token.
I’m using the Keychain’s Recurrent Transfer so transaction has to be straightforward. It only requires me to fill up the info:
- username of the receiver
- amount of Token to transfer
- occurrence of the transfer
- iterations of the occurence
- and a memo (this is optional)
The other query is that… how am I going to earn back the 10% APR profit that I giving to my delegators.
Naturally, we will be curious about this concern because we all know that curation rewards could only be around 7% to 8% APR as the average earnings. Offering high profits to my delegators will definitely incur capital loss on my part.
That’s correct if we are to think about curation alone. However, there’s another way that could make me some money in the future.
Selling ACT
ACT stands for Account Creation Token. So far, the only way for you to mine this token is through RC or Resource Credits. Along side your Hivepower is Resource Credit. So when other users delegate their HP to you, they are also delegating the RC that comes with it.
I may ask people to delegate “only” their RC to me but I don’t know how to price for that right now. So I’d rather lease someone’s HP and receive the RC for free, I feel that it’s simpler for my case.
As of now, there are very few who are paying attention to the potential of ACT because there are no sizeable market for it. However, things may be different in the future. If I recall correctly, nobody is paying attention to RC in the beginning of this blockchain because there’s enough for everyone even for accounts that has very little HP back then. While in the recent update of the blockchain software, the supply of RC is lesser while the demand is greater because of the need of users to transact and to generate ACT.
The demand for ACT is not being realized yet because there’s not much influx of new users at the moment. I believe that the future is bright for ACT stackers and it’s good to be able to generate as many as I can before that time comes. It’s a risk worth taking 🤞.
