Why I delegated to AMR's engagement project
Without fail @amr008 comes out with a post like this every week. It is a big list of people who delegate their tokens (POB, LEO, CTP, STEM, SPORTS, and WEED) to @amr008's engagement project and the rewards that they received by doing so.
I always checked out the list as I appreciate all of the stats that @amr008 publishes for the benefit of the community, but I was never quite sure what the "engagement project" was all about, aside from paying people dividends for receiving delegations of different tokens.
So, I did a little bit of digging.
What I found
What this project does, in a nutshell, is upvote the top engagers on the above listed platforms. Top engagers are ranked based on quality of comments, number of comments, number of different writers / posts they commented on etc. The top 25 engagers on the respective front-end (Top 50 on Proof of Brain) will receive a big fat vote from the fitting @amr008 account. On POB, as a top engager, your comment may receive a vote from @amr008.pob, with nearly 43,000 POB power.
You can look at one of my comments here that got a nice boost.
Why support this project?
The beauty of this project is that it incentivizes commenting. It incentivizes engagement. Much like @calumam's WOTW contest, it encourages the community to be a community. This is a good thing. Another good reason to support this project is to support the best actors on the platform. The people who comment the best, most and most places really are who we want to support on this platform. They are the ones who read your post and then talk about it with you afterwards. Don't we want more of those people around? The top engager's do deserve to be rewarded for their often selfless act... because commenting is usually not the most lucrative thing to do on the blockchain.
This project rewards engagers who comment from the front end of the tribe only. This encourages people to do their daily POB'ing on the POB front end, or their LEO'ing on the LEO front end... Why does this matter? The more activity a tribe front end has, the higher the site will be ranked. Higher ranked websites draw more attention and garner higher advertising revenue etc. So, activity on these tribe front ends is vital to their success. More ad revenue on POB will directly benefit everyone that is involved in the tribe.
It shouldn't hurt your bottom line too much. Delegators can expect weekly dividends for supporting the project. Last week's APR's were as follows (taken from the post linked above).
POB - 232.45 % - 100 delegated tokens will get you 4.4 POB at the end of the week
WEED - 10.4 % - 100 delegated tokens will get you 0.2 WEED at the end of the week
LEO - 26.83 % - 100 delegated tokens will get you 0.52 LEO at the end of the week
CTP - 31.89 % - 100 delegated tokens will get you 0.61 CTP at the end of the week
STEM - 12 % - 100 delegated tokens will get you 0.23 STEM at the end of the week
SPORTS - 44.2 % - 100 delegated tokens will get you 0.85 SPORTS at the end of the week
Please keep in mind that these numbers change as delegators come and go, so these numbers are subject to change.
I feel that @amr008 is very good at putting together data, but not so much at building hype for the engagement project, so, I figured I would give the project a bit of a boost. There are pretty good benefits to delegating your power to the respective account (shown below with current power-up stats) both for yourself and also for the tribe and ultimately the entire Hive ecosystem.
Delegation accounts and the amount of respective power -
LEO - @amr008.leo - 26,927.90
CTP - @amr008.ctp - 48,573.71
STEM - @amr008.stem - 42,020.18
SPORTS - @amr008.sports - 52,500,055.34
WEED - @amr008.weed - 18,295.14
POB - @amr008.pob - 42,855.39
It's a great project @allcapsonezero. I have been getting amazing returns for my delegation. And knowing that my delegation is used for a great cause i.e. rewarding engagement, it's really cool.
Great job done by @amr008.
I just learned about it... I am glad it gets good reviews from you!
This is very good to see and it show how vital investing is in this community,cause it comes with takes home at the end of each week
Ya, it is good for the platform and it doesn't hurt your wallet. Win - win!
Love to see this, this now given me the reason why I need to be come one a bigger investors
It never hurts to have more stake, that is for sure.
Good job to you guys especially @amr008.
Honestly with the reasons stated above this is a good decision.
The project is really a great one. Glad to have stumbled upon it when I did. . It has proven to be a great reward for my time and also help increase my engage levels.
The returns on POB delegation is really awesome too. Every weekend seems cool with the returns dropping in my wallet.
@amr008 is really doing a great job with improving engagement across the tribes with his initiative. Kudos to him
Yeah, the returns are nice and the direct benefit to the ecosystem is undoubtedly real.
We are sailing in the same boat. I have delegated all my sportspower to his project before I decided to exit the platform as I had limited time to contribute actively. Its quite consistent project. Not sure why stem is providing such low returns?
Posted Using LeoFinance Beta
It is likely the tokenomics and the maturity of the project. POB is providing the most as it is still so new and distribution is still in the early stages. I have not looked too much into STEM so I couldn't say for sure.
@amr008 is doing a great work! No doubts about it!
This is a very nice project,it as encourage alot of new and old users to get themselves engage and more active in the community..
I felt so happy hearing this, is an encouragement as for me that is just new here ,I believe I can engage myself in some of his project
His project has been very beneficial, there are days I get very busy to post but with @amr008 I have been able to staking more with the rewards I get from commenting
@AMR is a super smart data analyst guy 😊