When LEO started last year, I got an initial airdrop into my account (I think it was because I had PAL staked). The project immediately sounded like it had the best chances to grow in value, so I held on to it and staked it for LEO power. Since then I made sure to constantly earn curation rewards in LEO and tried to avoid running idle on 100% power. I even bought a little bit of LEO but never much and I staked most of my rewards and increased my power to what I have now: close to 9k LEO, making me a small whale of the ecosystem.
And even though I wish I would have gotten much more, looking at how far LEO has come already, I am grateful for my instinct to hodl it as well as to the LEO community for doing the same. LEO has grown into something that I trust more than its own motherchain HIVE, because the people behind it understand how to create direct financial value. HIVE and STEEM before have both going downhill more and more ever since STEEMs all-time high of about $8 USD in January 2018. HIVE is now down to eleven cents and STEEM is dead to me.
While I do see a long-term potential for HIVE, I am speculating that holding mostly LEO instead will be way more profitable. LEO is trading against HIVE and has now constantly growing higher and higher, over 1.5 HIVE per LEO currently. Should HIVE grow 10x, LEO would probably hold strong and grow along with it. I doubt that many LEO holders would start dumping their stakes to swap to HIVE. The LEO curation rewards are much more profitable than HIVE, because you need much less LEO compared to HIVE to create the same upvote value due to the smaller total supply of tokens. Hence, the return of investment would stay higher than with HIVE, if the majority of stake holders continues to hold. So even if some whales start dumping, the market would probably gladly absorb those tokens.
That being said, I think it is far more likely that LEO against HIVE grows 10x in value. They are doing so many projects attracting the broader crypto community, that they are able to pull in more and more users who would have otherwise not touched HIVE but now get interested in LEO.
On LEOFinance they can now earn ETH while discussing exclusively financial topics. And while we all use the platform, the ad revenue is used to buy LEO from the market and burn it, to shrink the supply (by the way, Brave browser shields down for LeoFinance helps the ecosystem to grow).
And soon we can add both our LEO and ETH to the WLEO 2.0 pool, with a long-term geyser model, which sounds like a cool way to incentivize investors to hold as long long-term for a max ROI and hence further lower the available supply of LEO tokens.
I am no expert in finances but my past three and a half years of success and failure in crypto and on STEEM HIVE have given me a pretty good instinct for projects that just feel right to me, personally. LEO is such a project and apparently a lot of people do think similarly, looking at how dear they hold on to their LEO tokens. The recent hack of the WLEO liquidity pool and the strong community reaction has shown me how much indeed the current investors value the LEO token.
This is why I will join the new liquidity pool for WLEO V2 with a significant amount of my LEO stake, to farm rewards and support one of the most interesting projects of my portfolio.
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Ever since I got the airdrop I've been stacking, only wish I bought some at 3 cents such a big regret but hitting my 7k goal this week will be sweet, then I can lick on try and secure whale status by the end of the year. Gotta enjoy these big returns while we can once the crowd find out about this, its going to be tough to secure a LEO token
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Who doesn't?
At least you hodled all the way through and are now at 7k. That is a large amount of crypto money already. Fortuna is shining at you.
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I don't regret it because I bought at that level multiple times :D
Just wait until the day comes around when people say it's unfair that you got to buy LEO at $1 per coin. That'll be the day that your mind is blown :D
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Can never have enough of the winners and always went to big with the losers.
Isnt that the eternal dilemma for traders and investors?
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That makes us two. Oh wait...we are hundreds
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Great journey and while I wasn't with the community on Steem, I have joined it on Hive early this year when I discovered communities and could have my content more focused. And this is what LEO Finance first achieved to bring more relevant content for the Financial world and build many other mechanism around it and aimed to outreach other blockchains and cryptocurrencies out there. Pegging LEO to ETH is the most amazing thing in these times!
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LEO is my best investment on Hive by a long way!
I think a 10 times is a reasonable bet for sure - I mean look how it's bounced back from WLEO 1.0!
9K is a decent sized stake to have too!
It's a great platform, great community, but greatest of all the dev team and vision behind it!
I don't imagine people will be swapping leo for Hive either, now you can cash it out to ETH, but I think one's best bet for a while is to POWER UP!
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It is certainly safer than to speculate on the liquidity pool of WLEO on Uniswap but I have a feeling that it will be a good investment, particularly now with the higher focus on security. And I like the idea of growing rewards over time.
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It'll be interesting to compare the returns - it's around 25%, just under, for staking - I think with the Pool you're doing the value of the token more good as well, i'm in for at least a few thousand WLEO on uniswap.
I quite like my stake too though. By 'for a while' I was thinking for a few weeks or a month to see how the pool develops.
It's good to have the option!
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In terms of Leo holdings, what makes a minnow, dolphin, orca, etc?
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I don't know the exact numbers but of we compare the 500k whale status of HIve (0.12% of 413 million supply) to LEO (5 million supply), we would get 6K LEO for whale status.
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There is no exact science to it. I will put up another post like I did in the past.
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A rough estimate is that owning 0.1% of a network makes you a whale, so there could be a maximum of 1000 whales total. Under the same vein, 0.01% would be orca, 0.001% Dolphin, etc.
The total number of coins for LEO is up for debate. If we're talking about in circulation that would be 5.5M coins currently, implying a whale would be 5.5k tokens. If you include the dev/bounty funds that exist outside circulation that bumps it up higher to 7M or more. Needless to say even 500 LEO tokens is a pretty large percentage of the total stake, relatively speaking (assuming we onboard a lot more users).
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LEO is truly amazing. The reward curve change revived manual curation which also turned into 'initiative 10', which has had a huge impact on the overall engagement so far, only 5 days in. People are actually consuming content on LEOFinance, which is something that will attract outsiders. A bonus with that is that all the comments are visible on Hive as well, so it's a huge win/win for everyone.
I am already blown away with everything on LEOFinance, so I can't even imagine what will happen when WLEO is coming.. But I am sure it will be another homerun.
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What is "initiative 10"?
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Initiative 10. In a nutshell, taskmaster4450 made a post talking about engagement, or that we could have a target of X-amount of comments to leave each day/week etc. It was backed by onealfa immediately, so onealfa started to focus on rewarding comments rather than articles which have skyrocket the overall engagement on LEO. taskmaster does an amazing job rewarding comments as well, and with onealfa doing the same, we've seen many other users following in their footsteps. We have already seen great results and it's only been running for 5 days so far.
So it's basically about leaving comments on content, but to make genuine and well-thought comments, (which is likely to be rewarded) you have to consume the content. This ultimately encourage authors, inspires others and is appealing to outsiders as well.
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That'S amazing. No wonder I am getting one Hive notification after another via Discord for yet another comment. I haven't seen this much engagement since the ath of STEEM and back then it was most often irrelevant farming comments.
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Yeah, it's really, really cool. The best part of it is that spammers won't be rewarded as the upvotes are done manually, so there's no chance for spam to be rewarded in case someone doesn't make a mistake. So, even though we might see a slight increase in spam-comments from those desperate to earn, it won't last long as they won't be rewarded. Truly wonderful!
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I am making more on my comments these days than on my blog posts. Pretty crazy indeed. And let's be honest, engagement is and has been what it's all about.
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Exactly my thought and that is why I finally migrated towards this community ( and started spending less time in others and bought loads of LEO.
P.S. I wouldn't say whale, let's go for the way cooler "Tiger Shark" ( as we're cats in what used to be a sea out here ).
Greetings from a fellow tiger shark, donning 10k plus LEO.
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Tiger Shark sounds really cool and they look awesome as well.
But with 10k you are actually nearly a double whale. So how about a Whale Shark, the largest fish in the world?
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Both of these creatures look awesome indeed. Let's call ourselves tiger whale sharks then.
Well expressed Flauwy, it is as you state. The lion has been stalking (and staking :) its jungle environment for a while and is now set to pounce.......looks like there'll be fireworks at the new year, covidiotic lockdown or not!
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In the jungle, the might jungle, The lion doesn't sleep tonight!
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I only started getting involved with Leo last month but already can see how positive the community is and glad you have seen the vision early and have benefitted from it all.
I'm glad I joined as enjoying this platform, everyone is interacting and it's really leading the way. I'll be staking for a long time too!
It is weird how my focus has shifted away from STEEM/HIVE with broad topics to finance topics. It is actually not my interest but I have learned so much from the authors on LEO that I rather spent my time here.
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Dude, ditto haha! I am hoping for a similar revelation with creativecoin as well because I post music and layman's crypto posts.
It's cool to see how the future will look before it happens, that's a skill in itself and one we have probably refined somewhat from our experiences on steem/hive/
@trumpman never shut up about the project. I have some regret that I didn't buy enough when it is super cheap. Happy for my 2k Leo stake and looking to increase it.
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2k LEO are 1/3 of a LEO whale. ;-)
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Sure is. I don't think Leo will ever drop lower than Hive again. I have some liquid hive on standby for that purpose, just in case. I've shifted my focus to SPT and sports for now.
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I have about 12,000 LP. Does that make me a whale of any kind? I don't think so. But in fact that is a much large percentage of the total token supply than 12,000 HP would be. 12,000/5,000,000 = 0.24% ~ 1/417.
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Yes 12,000 LEO does make you a whale. As noted, there are only 5 million (a little over) LEO available. The float is very tight.
Hive, in comparison has about 75 times the number of tokens.
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In that case I'm a LEO whale too.
Although I'd like the idea of being a tiger shark, tiger whale sounds pretty amazing too.
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There was a monthly post about the different account categories for each tribe token on Steem Engine prior to Hive by the Steem Engine developer (Holger something). According to that I was already a whale with less than what I have now. I don't remember the exact values anymore. Hive needs 500k tokens for whale status, out of 413 million HIVE supply, which is 0.12%.
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I have the equivalent of 1,000,000 HP as a percentage of the total, then. There is a very good chance the LeoFinance ecosystem will grow to a much larger size than it is now. Khal's plans involve making LEO a multi-chain token through wrapping.
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I agree completely. The potential for LEO is terrific. I am holding onto what I acquired also.
No matter how much we have, we all are saying "wish I had more LEO". This is always the case with stuff that is shooting up in value.
The development on LEO is what is separating it. The team is implementing a plan to build the network and attract users. This is huge.
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I'm glad to see your HODL worked out, I did the same thing but I traded my Steem and some Hive for more LEO.
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Well done! I was focusing on buying Dark Energy Crystals for the land expansion pre-sale for months and the price of DEC has gone nothing but up since then, so I am happy that I did. But now it is time to add more LEO and some HIVE to my stake. ;-)
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Good to see that love from Pakistan
Thanks for this gift
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LEO is made up of a community that has no intention of selling for immediate profit.
probably it is also beneficial to the fact that it is not listed on the exchanges and is therefore protected in some way only by Leofinance users.
When it will be listed on other exchanges it could be the subject of speculation, we must carefully observe the evolution of events.
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But to be speculated with, it first needs someone to buy a lot of it to make any impact in terms of market influence.
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Congratulations @flauwy! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Do not miss the last post from @hivebuzz:
I know and appreciated much about your passion for a few stock and still, you are looking to increase stake although it's good all performing good so all gems are in the pocket.
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I'm powering down HIVE to buy LEO
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Congratulations @flauwy! You received a personal badge!
See you at the next Power Up day to see if you will repeat this feat.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Do not miss the last post from @hivebuzz:
Wow awesome.... I am staking too but not that much you have its only 4% of but have lol...