#steem

Managing the Voting Power of Multiple Staked Tokens

Not investment advice or likely the most desired method for some, but I think this might work for the time being.

_{best with red wine source}

----------------------

The 'issue'

I follow a number of people who are now producing content picked up by the Steem front-ends, palnet.io, steemleo.com, splintertalk.io, etc, but using one account to vote (abh12345) means that there is 'spare' voting power available when a post that I vote on doesn't use the likes of #palnet, #steemleo, #spt (for splintertalk).

Often over the past couple of weeks, my Steem VP has been as low as 80%, but my PAL VP is in the 90's and it's likely that for the foreseeable future, my LEO and SPT VP are going to be sat on 100% quite a lot of the time.

Say you vote on 30 posts a day, 20 of those use the palnet tag, and only 5 use the steemleo and spt tags, the VP of the latter is going to be sat idle at 100%.

With no option on these interfaces as yet to 'idle' the Steem VP and only vote with the 'local' VP, I've gone for the following approach for now.

You will need:

A Steem account for each tribe/token
A little SP to delegate to said account/s
To know your way around @holger80's https://steemrewarding.com/
To delegate (some of?) your PAL (or other token if/when the option is added) to this account

Steem Account

Today I created @abh12345.pal here: https://codebull.github.io/AccountCreate/

I did almost give up but was asked by the develper, @reazuliqbal, to try Steem Keychain with Firefox instead of Chrome, and it worked like a charm.

Next, I delegated a small amount of Steem Power to @abh12345.pal using this link:

https://beta.steemconnect.com/sign/delegateVestingShares?delegator=abh12345&delegatee=abh12345.pal&vesting_shares=25%20SP

If the account does nothing but vote, I think 25 SP will be plenty and I'll be keeping an eye on the Resource Credits for the pal account via Steemworld.

SteemRewarding.com

To make @abh12345.pal vote on the same content as my main account, I added a 'New Trail Vote Rule' on https://steemrewarding.com/

The interface looks a bit scary with so many options, but the ones I changed are:

vote to follow = abh12345
only main post = unchecked
vote weight scaler = 350
min VP = 75%
include tags = palnet

vote to follow should be pretty obvious :)

only main post unchecked - because I want the abh12345.pal to vote on comments also (when appropriate)

vote weight scaler - This is the cool one. The reason for this whole exercise is that there are less palnet posts than Steem posts, and so I've told @abh12345.pal to vote with 3.5x the weight than my main account. This is the setting I'm most likely to be playing around with in the coming days.

min VP - A limit of 75% VP for @abh12345.pal, although ideally the above setting should help with number not be breached.

include tags - palnet. Do I need this setting? Not sure but it's in there for now

Delegating PAL (Or a n other token)

This is done on https://steem-engine.com and those with staked PAL will see an icon in their wallet that looks like this

Click, chose your alt, choose the amount to delegate and off the stake goes.

Whilst writing this post, I received unofficial confirmation that delegation options will be coming for LEO in the next week or so. So basically, I'll be repeating the above to target #steemleo posts with extra LEO VP :)

Test Case

A 50% vote from the main account puts me pretty low down the pecking order here:

But the pal alt account landed just after my initial vote and is sitting pretty at the top!

Result - Spare PAL VP is used on the content I like, and @meesterboom loves me more :)

Bonus feature

With an additional account, you are free to logon to the the appropriate interface (palnet.io in the example above) and bring out some potential reward management via downvotes. Currently there is a free one for palnet and not on Steem, and soon there will be 2.5 free ones on Steem, but will palnet.io follow right away, if at all?

Anyway, this is what I'm doing for the time being, feel free to critique and/or share your approach.

Goodnight

Asher

Comments · 52

@creativetruth(71)· 2516d
Just found this post today. I'm keeping it on my favorites list for handy reference. It's great all the various options you presented here.

I'm currently researching which are the easiest options for creating new alt accounts to upvote the tribe tokens I use the most.

Normally I do not self-vote, but I'm wondering if maybe it's deemed okay for allow the alt accounts to upvote my main account. I guess that's a personal ethics question, and people will likely use their own ethics to support or squander me if I decide to do so. I try to go with the general consensus of community ethic guidelines generally.
@crypto.piotr(65)· 2587d
Hi @abh12345

I just bumped into your publication a seconds ago and I've read both parts.

Thanks for sharing. Initially I found it very confusing how to deal with this issue and creating new accounts just to delegate my STAKE seem to be the only possible solution.

This is indeed the biggest weakness of current tribes. Would I bother to have 3 accounts separate? With SP, with LEO, with PAL? I don't know. I don't think so :(

Yours Piotr
@wakeupkitty(72)· 2590d
I think I took all steps now for pal. I had to kick the wolf outside for it but it's worth it.

On to the next (think self-esteem too?). Know not only @meesterboom loves you more now, me too (and @fitinfun) 💕💗

Posted using Partiko Android
@d00k13(76)· 2598d
Thank you for introducing me to @holger80’s tool 🙌 dang so wish I knew about this awhile ago 😝

Posted using Partiko iOS
@abduljalil.mbo(65)· 2601d
Good luck with the changes and updates @abh12345, thank you for the information
@mytechtrail(64)· 2602d
@abh12345 I have read this post a number of times and if I understand the basic premise is the if I vote 50% on a post it will vote STEEM at 50% and PAL at 50%. Assuming I have staked SP and PAL. My question is does this happen no matter what front end I use?
@blanchy(75)· 2604d
Makes sense alright m Two accounts is enough for me . If I’m gonna go more I’m gonna have to give up the job! Looking at these mm coins (mining coins for Leo and pal etc) seem to be skyrocketing. What’s the story with them ?

Posted using Partiko iOS
@nonameslefttouse(77)· 2604d
So how are you enjoying having to vote three times for one comment, in some situations? ;) I'm keeping it simple and stupid LOL! I don't have the time to piss around but I do get what you mean now. I'm wasting stake. My steak is getting cold. Cold stake is tough. Getting hungry?

^{P.S. I beat your high score in LEO... LOL! Have a good one!}
@drumoperator(67)· 2605d
This breakdown was super useful .... since picking up a pile of PAL and getting the subsequent 1:1 LEO drop I’ve been marinating on something similar to an “idle” feature as well. Thanks for saving us the time of doing the maths. Now off to spend some of this mass of token power haha.
@rosatravels(76)· 2606d
Thanks Asher for the details. This is certainly a solution at the moment. I will just do this to the new tribes I am involved in or else I will go schizophrenic trying to keep up with multiple accounts. So with the new alt accounts, they just vote and not post, is that right?

Posted using Partiko Android
@mikepm74(67)· 2606d
All of this tokenomics is becoming more and more complicated. I am reading, and voting on this post on the steemleo front end where I have zero staked power. But it should still get my pal vote and STEEM vote at 100% so I am voting for you on two of three tokens with one vote, which is good.

I don't think I can bring myself to set up different accounts for each front end as you have, but it is a good solution for the time being.

What comes next? These tribe drops could be fun
@revisesociology(82)· 2607d
I think I've picked the right time to spend a bit less time here - I'm so diversified now it's beginning to do my head in - I just logged on to find an airdrop of MOTs....

https://mediaofficials.com/

WTFs might have been more appropriate. Mind you the site looks pretty professional, much much better than any of the Steem front ends. Not sure what the tokens are doing on steem-engine mind!
@self-track(60)· 2607d
Good idea, I'll copy this strategy when I've got a spare evening at some point, bit too much ATM.
@vipin99(57)· 2607d
Yes to manage voting power is to difficult.
@bearbear613(74)· 2607d
wow this seems so easy for the lamen to do. I think we are forgetting people are just used to a 'like' button.

Seems like the technical jargon and know how is going out the window. This makes me pessimistic. At first I was pumped with all these new front ends/Steem coins.. but now I am seeing that without a massive amount of reading and understanding no lamen could join here.
@bambuka(77)· 2607d
An interesting idea and method. Does it make sense for plankton? Maybe still too early?
@arcange(79)· 2607d
Congratulations @abh12345! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 1 with 100 comments
@uwelang(79)· 2607d
Interesting and smart approach - it gets a bit complicated currently - what is steemleo? Never heard!
@organduo(73)· 2607d
Clever method I would say. I need to think hard about all the consequences before applying it myself.

By the way, do you use autovote services like Steemdunk?

Posted using Partiko Android
@palikari123(65)· 2607d
The amount of work required just to vote on shit LOL

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@simplymike(69)· 2607d
Interesting... but I'll need to reread and go through it step by step if I want to be able to figure it out, lol. Definitely worth a try!
@cryptkeeper17(65)· 2607d
Just write spammy posts about the steemmonsters card market every day. And don't forget to include your actfit in there also--apparently that's the new thing to do. I saw one guy write a post about a house he wondered why was priced so high when on a walk for his actfit in the steemleo hash tag. You can't flag that kind of creativity. But if he starts doing that with every house on his walk every day there be a point where the novelty and creativity wears off a bit with me, lol.
@ronaldoavelino(76)· 2607d
"With an additional account, you are free to logon to the the appropriate interface (palnet.io in the example above) and bring out some potential reward management via downvotes." Could you please explain how downvotes could bring out potential reward management?
@dera123(66)· 2607d
I am doing the same because I wanted to see how much VP I have for each Token and individual accounts are the easiest way and I stopped wasting precious VP.

I just need to make a leo account and link it again.
@blazing(71)· 2607d
so many front ends so little voting power hahah
@steem-ua(64)· 2607d
Hi @abh12345!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your UA account score is currently 7.989 which ranks you at #20 across all Steem accounts. Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 154 contributions, your post is ranked at #3. Congratulations!

Evaluation of your UA score:
- Your follower network is great!
- The readers appreciate your great work!
- Great user engagement! You rock!
Feel free to join our @steem-ua Discord server
@bala41288(80)· 2607d
I've also thought about the same and wanted to create new accounts. In my case, I don't have enough resource credits to claim my own new account. But I have a few concerns/questions on this:
1. PAL delegation is currently having a bug. People who delegated their PAL already did not receive equivalent LEO for the delegated pal. Even the account which received the delegation also did not receive the LEO. Say, if there is another new token based platform is launched tomorrow based on the PAL stake, we will not be getting the airdrop.
2. What is the end for these token based platforms? Let's say in one years time there are about 100 such platforms and each for a specific tag, and let's assume all these 100 platforms are popular and usable like spt, pal, leo, sct etc. Should we be creating 100 new accounts then to maintain the voting power? 😂😛
3. Some of the platforms like spt is not currently providing a delegation option yet.
4. From the chain perspective, every individual will be holding multiple accounts like bala-pal, bala-sct, bala-leo, bala-spt etc. Will that even be a wise thing to do? It can even get difficult for us to maintain all these alt accounts. 😀
I feel there should definitely be a better way for this. I personally feel that this should not be the way the blockchain should be going. 🙂
@drakos(70)· 2607d
What a coincidence, I did the exact same today with my PAL stake. Created a claimed account and delegated all my PAL to it. I had to add the new account to my own bot so I can curate with both accounts (Steem and Pal). It was a fun day today.

TO DO: add a filter for the #palnet tag.
@abitcoinskeptic(75)· 2607d
Thanks for explaining voting trails with steem rewarding. I plam to take advantage in a similar way. It makes a lot of sense.

I would deginitely include and exclude tags while doing this. If it's your palnet friend you want it to only vote on palnet posts.
@bashadow(70)· 2607d
A good idea for owners of accounts with enough RC's to obtain a free account. I have two accounts already, and it is a nightmare at times trying to get/keep them separated.

The nice thing about your method is once the account is done it is all automated. I will have to think about it. I still want to keep my last free token for something, I just don't know what yet. But Steem VP dropping and steem price dropping, not a good combo right now, so I will just have to be careful. At least the PAL builds slowly but surely, along with the steem.
@masoom(72)· 2607d
I have introduced SteemRewarding.com by your another informative post Thanks Asher
@themarkymark(81)· 2607d
I plan on making individual accounts that handle voting for each token I am involved in, right now just PAL and LEO.

I can then create rules to only vote when the tags are present. Right now I staked all my PAL on my main account and I frequently am around 90% VP and almost 100% on PAL.

It's really difficult to manage without separating unless they come up with multiple sliders. As more tribes show up it becomes harder to justify multiple sliders. (although the front end can be smart and only show sliders for tribes related to the post, which would limit it to 5 at most unless you are like @apix who automates their posts 10+ times a day and bid bots them to $20 using 10 tags via automation.

This really shows every tribe needs a NOPAL4U account.
@jk6276(72)· 2607d
This is a really helpful post. I was thinking about a curation alt for each tribe, but using the steemrewarding setup you outlined should make it much easier to manage. Resteemed for future reference.
@coininstant(69)· 2607d
Great idea dude, I need to delegate my pal so I can earn rewards over there because of my blocked PAL VP, you are smart, here is an upvote for this helpful reminder!
@bluefinstudios(72)· 2607d
very cool, thanks @abh12345
@soyrosa(75)· 2607d
Smart :D

And messy :D

This will be hell with a few more communities coming up that are interesting enough. I hope SMT's will have a smart/technical solution for this, or maybe Steem-Engine themselves come up with someting. Maybe a SCOT Dashboard where you can set up how to handle your VP per SCOT. And have 'fictional' accounts manage that VP/DV if needed, instead of us all each creating accounts?

Lots to think about, and lots of interesting discussions are flowing on Steem. All in all it's pretty epic what's happening right now :-)
@julisavio(70)· 2607d
Greetings, @abh12345

Excelent idea, man. I was thinking in make a think like this, but, it will give me a lots of work..... So, generally, i make upvotes at this front ends, more or less 3 by day in each site... hehehe

thank you for share you idea and have a good night!

#palnet #sct #battle #spt #weedcash #steemleo #aaa
@condeas(68)· 2607d
Many Thanks. Good idea, I'll give it a try and share my experiences.
@bil.prag(76)· 2607d
probably a smart thing to do, but i can't :D
@costanza(78)· 2607d
Nice Solution Asher! I do feel steem/steemit (which was already quite complicated), just took it to another level with the different front-ends and tokens to upvote with. I can't imagine coming here as a new guy now trying to understand how everything works around here, It's already hard to keep up with all the developments as an everyday user for the past 2 years.
@flauwy(74)· 2607d
Worked like a charm! Thanks for this, I was already trying to figure this out. You know, 1UP would bring this to the next level...
@mastersa(54)· 2607d
Incredible! Two questions, so if the side account votes on a comment for a post with the pal tag it would also receive pal?

And then how many staked token would make this worth? I have some PAL but barely any spt...

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@rahul.stan(65)· 2607d
It would be such a chore to create separate accounts for the myriad of new tribes that are coming up now though. Imagine having to create 10 different accounts for the various tribes lol. We'll need an intrinsic feature to selectively vote soon enough. Your solution is handy for the time being tho.
@michealb(67)· 2607d
huh clever!
@bentleycapital(65)· 2607d
........Sweet!
@acidyo(84)· 2607d
Was thinking of doing this too at some point but haven't bothered yet.
@vander(64)· 2607d
So clever... Might need to do something similar. Just delegated to steemninja so I can create some accounts. Stuff is getting a bit complex for me!
@chekohler(76)· 2608d
Daaamn son, where there’s a will there’s a way, pretty cool work around! Putting those side stakes to good use!

I think I’ll wait until one of the smart homies give us a local voting option!

I’m now a minnow on PAL, LEO and SPORTS would love to able to curate independently one day

Posted using Partiko iOS
@khaleelkazi(82)· 2608d
Perfect timing on this guide! Having trouble juggling Steemleo and Palnet already.

p.s. I saw your message on the steem.leo post and setup the delegation option. You can now delegate your LEO tokens. We'll put up an announcement for that soon 🧡
@gillianpearce(67)· 2608d
Not the best post to read just before bed and after a few beers. I'll need to look at this again in the morning but I can already feel the "can't be assed" gene kicking in. 😂
@cryptoandcoffee(85)· 2608d
You are a smart ass. Can't believe you are not working for some shady import export agency doing their books. Boomy will love you anyway as Glaswegians are not that picky.
@tarazkp(86)· 2608d

and @meesterboom loves me more :)

I don't think this is possible. Boom has a boomer for you.