Master-Delegator: Delegations With The Support Of Bitshares
Welcome to Master-Delegator. The solution to your delegation needs.
What is Master-Delegator?
Master-Delegator is an service set up by @rishi556, with an idea from @thebugiq. Using user issued assets on bitshares, users can send DELEGATION Tokens on bitshares to an account for delegations on the steem blockchain.
How does this work?
A user can buy DELEGATIONs on bitshares at the current market price which is determined by other users. They can then send the coin to master-delegator on bitshares with the memo formatted properly to get a delegation.
What are the prices?
A delegation of 1 SP for one week will cost 1 DELEGATION. DELEGATIONs are currently on sale at the price of .1 BTS per DELEGATION at the start, but the price will follow what the market says.
Are there any limits?
Only 250 DELEGATIONs have been issued so far so a user can only get up to 250 SP for 1 week as of now. Currently the max amount of weeks that a user can get a delegation for is 4 weeks. The max will always rise, as Master-Delegator will never power down. This service is meant more for minnows who are looking for cheap delegations to start up and understand the network some more, but can be used by anyone.
How about minimums?
There is a minimum of 5 SP per week. The blockchain requires that a minimum of 3 SP is delegated at one time, and to simplify that, I decided to make it 5. If an amount too low is sent, they will be refunded thought it might take some time as it has to be done manually.
How do I get started?
All you have to do is head over to bitshares and buy the coins. https://wallet.bitshares.org/#/market/DELEGATION_BTS. Once you buy the coins, send them to master-delegator on bitshares with the memo in the format below to get your delegation.
Memo: Name=(YourSteemName), Weeks=(NumberOfWeeksMax4)
Here's an example: Name=Rishi556, Weeks=1
Everything is doing manually for now and so will take some time for delegations to arrive. To notify @rishi556 that you have sent some coins and want it quicker, send a dm to @rishi556 on Discord at Rishi556#2341.
How are weekly delegations amounts determined?
Its simply the amount of DELEGATIONs you send divided by the amount of weeks you want the delegation for. The determined amount to delegate is less than 5, a refund will be issued.
Example: If you send 100 DELEGATIONS and ask for 1 week, you get a 100 SP delegation for 1 week, but if you ask for 4 weeks, it 25 SP delegation for 4 weeks.
Can I buy a delegation for a friend?
Yes, just plop in the name of the account that you want to receive the delegation, you don't have to use your own.
Where do delegations come from?
As Master-Delegator gets started, delegation will come from @rishi556 or other accounts run by @rishi556. As Master-Delegator gets more SteemPower delegations will start coming from @master-delegator as well and soon they will come 100% from @master-delegator.
When is this service available?
Right now. There are some coins listed for sale on bitshares at a low price. If you can grab them and send them, you can get that delegation right now. A portion of the coins will be given away to minnows. Comment below about why you should get 40 DELEGATIONs for your chance to win. These will be sent after seven days of this post being up.
Where's your logo?
Its on its way, traffic is holding it up. Give it a day.
Its now here. Traffic is pretty bad going around the world.
Anything else?
Thats all for now. If you have any questions, be sure to ask in the comments.
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Welcome to steemit
Well I want to say a LARGE thank you to @rishi556 for possibly using me as a test case. He delegated 250SP to me for a week and I was very grateful that I was able to do a large amount of voting for content that I am unable to vote for with the amount of SP I currently have. I hope that the winner is able to do the same with what they get from the contest,
I will continue to do that with delegation tokens. Pay for other to other users.
Welcome to steemit. Hope you enjoy your time here. I'm sure you will coz you have a lovely idea. Kudos.
I'll like to get the 40 delegations because i think anyone that gets it should use it rightly by using it to vote for quality contents and also help other minnows grow and this i know i can do very well. I assure you that you wont regret giving it to me. Thanks.
I also want to use this opportunity to congratulate anybody that will win it coz i know we all have plans for it.
You have been entered to win the 40 DELEGATION. Come back in a week to know if you won.
Small error: “The the determined amount to delegate is less than 5, a refund will be issued.” But other than that good post Rishi, can’t wait to see where you go with this. I would like to get the 40 DELEGATIONs because I have a lot of faith in this project.
Thanks for that. I didn't notice it.
Thank you for your entry. Its 40 DELEGATIONs. Come back upon post payout to find out if you won.
I’m going to try this out. I just used block trades for this account.
This is cool! I should get 40 DELEGATIONs because I'm damn good-looking. I also work pretty hard to support a couple of communities around here. Offering them better support while having the possibility of getting some curation rewards to permanently up my SP would be rad.
Well, the best looking guy always wins. Guess the competition ends right here and you win.You've been entered into the giveaway for 40 DELEGATION. Come back in two days to know if you won.Nice work coming from @rishi556, kudos. I think this project (master-delegator) would go a long way in supporting minnows. I would like to get the 40 delegation up for grabs. Would Need it to get steempower and support my growing community. You know, every vote counts.
Thank you so much. You've been entered into the giveaway for 40 DELEGATION. Come back in a week to know if you won.
Hey, I want to let you know that you've won the giveaway. Please comment your Bitshares username below to get your DELEGATIONs.
Wow! Im so happy to be the first benefitting from @master-delegator. My bithshares username is sylvester12
Again, congratulations on winning. The DELEGATIONs have been sent to you.
i may put some of my bts on the line - we shall see...
Hi @master-delegator, thank you for opportunity to participate in this giveaway.
My sole reason for my entry to get 40 delegation is to support my community #flaminghelpers. Flaming Helpers is a Christian Community that is set out to encourage constantly neglected Christians articles both on steemit and beyond.
With 40 delegations, I will be able to support all it's members with upvotes
Thank you.
@stevenmosoes
Thank you for entering the giveaway on our behalf. Good luck.
Helping the community is something that I(@rishi556) really like. You've been entered into the giveaway for 40 DELEGATION. Come back in 3 days to know if you won.