I Am Creating A New Tip Fund For Curation Purposes

As some of you will know I am still relatively new to the Hive community, now celebrating my third month on this wonderful platform. However, what some of you will also know is that I have often found it difficult to reward people through voting as my stake is so low.

When I first arrived I realised that if I were to grow my stake in any meaningful capacity I would have to go to the open market, buy Hive and power it up. I also invested in 1000 Legion tokens which gave me some vote support so at least I could guarantee my efforts would receive something instead of posts sat there at $0.05!

So over the past three months I have made various Hive purchases and in a bid to grow my stake I have delegated most of my HP. I want to get my stake to a position where I can give out meaningful votes instead of giving out dust. This approach has been fully accepted by many as a legitimate means to build here in Hive but others have advised against it. I nearly decided to significantly reduce my delegations but ultimately I decided to keep with my approach and kept my delegations in place.

This approach helps me to build my stake but it means I have very little power behind my vote and can not reward people in the way I want. This has been a constant irritation for me.

I recently enlisted the help of the @commentrewarder service so I could at least give some type of meaningful tip to people who leave comments on my posts. However, I have now decided to abandon that service, not that it hasn't helped, and instead I have come up with another plan to reward while still retaining my delegations to help continue building my stake.

Therefore, going forward I have decided to allocate 5-10% of all my post payouts to a special tip fund which I will then use to tip peoples' posts and comments and give them a proper 'vote', although it will be in the form of a tip.

To do this I will have to reset my payout ratio to 50/50 again as I will need some liquid to give out Hive tips.

I feel this is a fairer way of rewarding peoples' posts and engagement through comments. It would be great if there was some mechanism within the wallet to allocate the 5-10% into some kind of tip or savings jar, that would be a neat way of separating the funds. At the moment the closest we have for that kind of purpose is the beneficiary system which won't work in this case.

I have received some incredible organic support on my posts from all sorts of people in this awesome community and I hate the fact that I can't reciprocate, well now I can.

So each week I will simply go back over my posts, look at what they paid out, reduce it by 50% and then from that figure I will deduct 5-10% to get my tip fund figure.

Hopefully you guys can see why I have decided to do this, after all you will be the ultimate beneficiaries of this new approach! I think it is an effective solution for people who have little stake, especially noobies, but still want to give out decent rewards while building their stake.

Enjoy!

Peace!