Lossless redelegation

#MetaHash
#MetaHash
Published in
2 min readJun 3, 2019

#MetaHash network is developing day by day, so more and more new ways to work with it are appearing. It’s really great that our users are closely watching the network advancement and share found life hacks with the community. One of the discoveries deserves to be discussed separately.

Many users are faced with the following difficulty: having delegated 512 #MHC earlier and having received the award of less than 512 coins, users want to redelegate them but the limit of 512 #MHC does not allow it. So, what to do? Now we offer a simple solution — you can cancel one of the last delegation transactions and delegate again immediately after that. Let’s detalize: if your forging reward is less than 512 #MHC and you want to reinvest them immediately, then all you need to unfreeze them — to cancel the previous delegation and delegate an amount greater than last time. If before the end of the daily cycle you carry out these operations, your reward is not lost.

This option was made possible due to the fact that in the awards system delegation is considered on the blocks of the previous day, so during the day, you can change the decision and not to lose the reward — the next time you get a new award considering the newly added amount.

Be careful during the process of redelegation. Remember that now the node hardcap is 10 million #MHC. If the sum on your node balance and the sum of your delegation exceed this number, then some coins won’t bring a reward. Do not worry, if you delegated to the node before reaching the hardcap, the reward will continue to issue while the server is stable.

We would like to express our special gratitude to users Peter and Feruz — they helped the community by finding such a possibility and sharing it with others. We count on your responsiveness in the future, because we can provide real decentralization and high efficiency in the #MetaHash network only through joint efforts!

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We are expanding the pool of partners: now exchanges could list our token themselves. Here is a link to the guide — https://metahash.org/for_exchanges

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