Investment Alert: Delegate When There is Blood On The Street | Doing The Math On Dlike Tokens
You should know about @dlike by this time. I share many great material through @dlike at least once a day and I have got many loyalty bonus tokens for being a regular user. Since I tend to add a lot of my own thoughts into the links I share I have also received many votes from @dlike which is worth about 20 cents per vote which can easily make up for the 10% beneficiary rewards you have to pay for the service.
There is already a great number of articles written about the project. So I'm not going to explain the basics. I'm just going to explain the opportunity and provide analysis.
@Minnowbooster Delegation Market
If you look at the numbers you can earn about 17% APR by leasing your SP in the normal way. Keep this in mind. It's god to have something to compare.
I'm Not Exactly Doing Myself A Favor
@dlike has reserved 80 million tokens (10% of total supply) to be distributed among delegators. I myself delegated 100 SP just to check it out and to support a project that I use and enjoy.
I got about 1,000 tokens per 100SP per week which should mean that I'd get 52,000 Tokens per year. But it all changed this week.
That's a 70% increase and I assume some people took back their delegations. Maybe it is @dlike team being more generous. But a 70% boost is big. If you start delegating more, I'm probably going to get less tokens. But it's no big deal.
Alexa Rank
The project itself is mostly under the radar with its competition pinterest.com bein ranked at #76 at the moment. Nobody is paying enough attention to @dlike and even if you take back your delgation later, this is the time for you to delegate when there is blood on the streets.
Comparison With STEEM Hunt
Based on the official delegation reports it seems STEEM Hunt gives about 100 Tokens per 100 SP per week. @dlike gives you 17 times more in raw numbers. But we have to adjust for token supply (Dlike - 800 million & STEEM Hunt 500 million) and @dlike ends up with 11.625 times more tokens. What this actually means is that as long as the value of Hunt Tokens doesn't exceed 11.625 times the value of Dlike Tokens, you are actually better off delegating to @dlike
Please note that I haven't calculated STEEM/SBD rewards distributed among delegators. These numbers are tiny and barely matters.
It all comes down to a bet on the future. Under the current rate you'd be getting 88,400 Dlike Tokens per year per 100 SP. Of you leased using @minnowbooster you'd be getting 17 STEEM for this. So the question you need to ask is this:
- Will Dlike Token end up being worth more than 0.0001923077 STEEM?
If your answer is a "Yes" to the above question, then you should forget about selling leases as a passive income opportunity. Another thing to keep in mind is that at a STEEM price of $10 the marketcap of @dlike would be 1.53 million USD under above minimum price per token. Do you think @dlike is so bad that it wouldn't be worth 1.53 million USD when STEEM shoots upto $10?
Great post mate. @dlike is great fun and a nice community especially when you make a bit of effort with your shares. The team work hard and have loads of upgrades planned. Top Devs and too community. Lets see more people give them some love and quit the snobby attitude towards them :-)
thanks. i've been meaning to look into these numbers and you've laid it out so well! just delegated a bit. i do believe in the future! can we see how many tokens we've stocked up on their website within our profile pretty easily?
Just login via Steemconnect and go to the wallet. Delegation tokens are payed weekly.
Nice calculations and comparisons. One tiny problem for me. I am small fish with low SP. If I delegate that it will be difficult for me to interact in the community. Hope that big fishes will come forward
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The best thing you can do is to buy some more Steem as long the prices are so low. When markets start to pump you should have your bag already loaded. But you can also participate in other communities like Steemhunt, Actifit and Steemmonsters where you get upvotes for comments and posts. Steem On!!!
Go to http://steemd.com/@hafiz34 and keep track of your RC. General advise is to keep at least 50SP for yourself. Just figure out how much RC you use per day and calculate how much SP is needed. After figuring that out you can delegate the rest.
I have over 200 delegated to them. I really like their site and hope it takes off.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Makishima Shougo from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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