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The pattern of voting circles on Hive, where some people with a big stake only vote on posts made by people with a big stake expecting the same from them, doesn't repeat on Leo Finance, the whales actually curate low stake users.

Voting in circles are not the norm on Hive, but I see this happen more often on the L1 blogging platform than on Leo, which is a layer 2. This is one of the main reasons that drove me to delegate my HP to @leo.voter and stack more Leo.

If the users who receive rewards from their posts trust and commit to the Leo platform, and the whales don't distribute inflation with votes to accounts that will just sell the tokens after 7 days, the long term value of Leo grows.

Healthy token distribution is key for a project to be sustainable in the long run. Token distribution via inflation allocated through votes is a good strategy, the more token holders you have, & the bigger your middle class is, the better.

The key for this type of distribution is to have a community that wants to stack the tokens, and not just sell them when they receive them, effectively making Hive or Leo a cash cow for other investments or perhaps even daily expenses.

What good is it to have a good distribution system if the tokens will end up in the market & create sell pressure, extracting value from the token

For a Proof of Stake based blockchain, having more token holders means more decentralization

I read a lot about the past of Hive. Getting rid of the pre-mined stake from a centralized entity was a good move, but distributing the inflation correctly is as important. You don't want your inflation to end up in the market after 7 days.