The mysteries of the vote weight multiplier
The vote weight multiplier is a feature of tribe tokens. It is a very useful but somewhat hard to explain tool. In the video I give a shot at trying to explain the vote weight multiplier in an easy and understandable way. I hope I succeeded :-).
What is the vote weight multiplier?
On hive you can give 10 upvotes per day at 100% voting power and after 24 hours your voting power will be replenished again. You can set for each tribe token on hive-engine a specific vote weight multiplier.
Let's say I set a vote weight multiplier of 5 for POB. This means that my hive votes will be multiplied by 5 if I vote on a tag with the #proofofbrain tag. Let's say I give a 20% upvote on Hive this will mean that I will give a 100% upvote on POB. If I give a 100% upvote on Hive, even with a vote weight multiplier of 5, I will give a 100% upvote on POB. It's not possible to vote with more than 100% in any case.
Why can the vote weight multiplier be useful?
It can come in extremely handy if you want to curate several hive-engine tribes. Thanks to the vote weight multiplier you can curate a very big amount of tribes without running out of voting power with a single account.
For our example, we set the vote weight multiplier for all the tribes that we want to curate to 50. We now go to the different front-ends and we give upvotes of 2%. Each time I give such an upvote I give a full upvote in the tribe token but only a 2% upvote in Hive. This allows me to save Hive voting power while curating tribe tokens.
Whenever we give upvotes in front-ends, we give them in Hive
How to set vote weight multipliers
You can set your vote weight multipliers in leodex under rewards. Next to the stakable tokens you have a kind of lightening sign that allows you to set the vote weight multiplier.
I have also developped a tool with @blainjones that allows you to do that in a very easy way. You can check with this tool the vote weight multiplier of any account and of any hive-engine tribe token. You can also set new vote weight multipliers.
Image source: pixabey
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