Guys I've never been interested at all about voting etc. probably because I don't have the technical knowledge to become a delegate. I prefered to spend my time understanding other aspects of the cryptoworld.
So can you please explain me in a very simple way how voting works?
Let's say I have 1000 LSK stored on a wallet. What can I do with it? What kind of return on investment can I expect in the short, middle, long term?
Thanks in advance for your explanation.
To vote, you need a wallet and an access to a public node on the Lisk Community.
Be sure you choose a secure node (at least HTTPS) :
https://main.liskwallet.io/All node are not public available. For exemple, our node : liskpro.com is no public.
So :
- connect to the node
- Enter your secret passphrase (the one with your 1000 LSK)
- Go to BlockChain
- Choose 33 delegates (please consider including us : liskpro.com)
- Up-Left - select VOTE.
You're done ! You have with 1 LSK for 33 delegates.
Your return depends on the payback delegate policy. Between 20% and 90% of 12.500 LSK per month (calculate based on your voting weight).
Ex : here :
https://forum.lisk.io/viewtopic.php?f=48&t=1524&p=11283#p11283 - Read only the "Our Proposal"
Hope my explaination are clear for you !