On the recent AMA, it was announced that the delegations to LeoVoter has shot up. The amount, if memory serves me correctly, was over 4 million HP now delegated.
This is a nice milestone and up significantly from the 2 million before the dashboard was created. It was speculated that part of the reason for the growth was the ability to clearly see what is being earned. Whether this was the case or not, it is nice to see progress in this direction.
100K HP delegation
Part of the shift came from the delegation from SPInvest.
If you have been following along, this had one full Bitcoin which it recently sold. The ration was based upon the HIVE-BTC ration. It was originally purchased for 50K, and sold for 200K Hive.
This was a 4x gain, priced in HIVE.
The amount was powered up meaning there was a decision to be made. Part of this went to LeoVoter. In fact, half of it was delegated, meaning 100K HP delegation was provided.
Of course, this will pay out at 12% return over the course of the rest of the year.
Supporting The Platform
While SPInvest is different from LBI, the idea is to support the platform. We can see how the self interest of each project can overlap.
Growth is what is desired. It is also something that is looked at over time. None of this is a get rich quick scheme.
We are seeing building taking place, with LeoDex the latest project to go live. This is something that will further enhance the Hive ecosystem, something that both SPInvest and LBI have an interest in.
Get Rich Slowly
Steady returns are hard to beat. This was the concept that Warren Buffett perfected. Contrast that with the get rich quick mindset and how people lose their mind over each dip in the markets.
With a long term view, especially one that has ties to yield, this is not a problem.
Over the last few years, Bitcoin price went up, down, up, down, up, and NOW down again. The same is true for HIVE. Yet, through it all, with enough patience (and discipline) a 4x in the amount of HIVE was achieved.
Now that is being put to work to generate a return on top of it. Here is where the 12% return from LeoVoter can come in handy.
Many only approach investing with a speculative mindset. They want the Lambos and mansions. Long term growth is not on the agenda for most. It is probably why few attain wealth to any degree.
These two projects came together with the idea of getting rich slowly. As the asset base grows, obviously the return, even at the same percentage, gets larger. It is why stacking the right stuff is a valid concept.
For now, SPInvest added to the delegation for LEO. A 12% return is nothing to shy away from.
Article by @taskmaster4450le
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