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RE: My Experience With MinnowBooster Delegation

in #steemit7 years ago (edited)

let me put in this way.
I offer my 500 SP for delegation for 4weeks. I was charged 20 SP at the beginning. Meaning i am short of 20 SP (now 480 SP). I am getting 0.643 perday and multiply that by 28 days or even 30 days i will not get 20 steem to payback the fee. my question is this delegation thing is not benefiting for small quantity of SP such as 500 SP. if i cancel it now i loss the fee. at the end i would be loser from this process.

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I was charged 20 SP at the beginning. Meaning i am short of 20 SP (now 480 SP).

Ahh..I think you misunderstand. I looked at your account and I do not see a charge for 20SP. You are not paying anything. You are loaning out 500SP and then getting 20SP minus 10% fees after 28 days. There is no charge to you as the lender.

Actually... I see now that you have (-480.615 STEEM) instead of 500. Hmm... Maybe @bulleth or @reggaemuffin could help in the discord chat.

I need to ask how this (+688.264 STEEM) that I have now in the steempower part of my wallet.
Is that borrowed and has to be repayed? and do i owe more back
How does this work? I sent 10 steem and got 650..... before I understood or even thought how it workd

@gunni55 I responded to you here and that might help explain it.