Authored by @silverstackeruk
Hello, LBI'ers. Today let us talk about the coming airdrops for LEO token holders. Everyone is very aware of the "mLEO" airdrop that is coming and LBI had stated its position on that. In the few days after the announcement of an announcement, staked LEO numbers went through the roof showing that people are very into this airdrop. However and as far as I am aware, LEO will be doing 2 airdrops. Maybe at the same time, maybe not, we wait for the news. The second airdrop will be something like LEO gov token and almost nobody is talking about it. I have not seen any questions from LBI tokens holders asking about LEO gov tokens in the comments and I think we should be interested in this one because it could offer us another way to produce LEO tokens passively. We have no idea what a mLeo will do when released but we can guess what an LEO gov token will be used for based on a few bits of information gathered from videos.
What are LEO gov tokens?
LEO gov tokens from what I am aware will be used to run LEO nodes which will help to decentralize the LEO sidechain that is currently being tested and they will be used toward decentralizing LeoFinance somewhat. The more people that run a LEO node, the more decentralized and secure the sidechain becomes and less likely it is to get hacked.
LEO governance voting could happen in a few ways but I think these 2 are most likely. 1, all LEO gov token holders will be able to take part in LEO governance voting or 2/ all LEO node operators will be able to take part in LEO governance voting sorta like HIVE witnesses.
Running a LEO node is a no brainer for us but we would need to think about actually using the LEO gov token for governance voting. My views are, LBI is an investment token and our goals are to produce a profit. We should be natural as not everyone that owns LBI thinks the same.
Example, LBI gets 210k LEO gov tokens and there's an important LEO governance vote taking place. The options to pick from are A,B & C. 40% of LBI tokens holders vote for A, 30% for B and 30% for C. LBI's 210k LEO gov vote would go toward option A which only 40% of people backed
Running a LEO node for a LEO sidechain would be a different thing altogether and could turn into a passive income for us. The details about how to run a LEO node, how many LEO gov tokens will be required to run 1 and if rewards are paid in LEO are LEO gov is something I am very interested to learn. It is possible LBI will be able to run more than 1 node which would decrease VPS costs.
Progress is happening on LEO
This is progress and if the LEO sidechain is connected to a DEX, I would assume cheaper fees and maybe more options for creating projects on top of it will follow. I remember back in the early days of leoDEX, they offered services to create rewards models for HE tokens. SPI was the first customer and project on HIVE to use the POH model that Gerber came up with for its dividends payments. A model that has been adopted by many projects since. As the price of HIVE dropped off, they pulled these services due to the space being used on servers and time required to maintain them all. Hive-engine is 2 years old and very limited to as what can be created on top of it for the average user with no technical background. In other words, we can create simple tokens. Remembering back to what leoDEX used to offer when it was first released leaves me with the hope additional services will be offered to basically outdo hive-engine and drive project operators to the LEO sidechain. With rumours of LEO defi, we could be in for some gaming changing stuff. I get a boner thinking about it and I've been touching the bottom of my table the past 5 minutes. Sorry, but I can't express my interest in LEO nodes and the coming sidechain in any other words.
Exciting times are ahead of us for 2021, must of us have been here from 2017-18 and we can predict what's coming between now and 31st Dec 2021. We are in a bullrun year and the madness has not begun yet. LeoFinanace has done very well at building its userbase and laying its foundations during the bear market. LeoFinance will in my mind continue to gain users and investors as it is currently the most innovative community on HIVE and they seem to run at 110% all the time.
Another important reason that makes LeoFinanace investable is Khal and the LEO team keep their ears close to the ground and communicate with users through releasing posts, vlogs, leaving commenting, tweets are on their discord server. By doing this coupled with the innovation they bring, they build huge trust with users and in turn gain more investment into the LEO token. As a broad example, would Telsa's market cap be as large of Elon Musk was a recluse? Would Facebook shares perform better if people liked Mark Zuckerberg and did not think he was a lizard man?
LeoFinance has for sure put itself in the best possible spot within the HIVE ecosystem to dominate the coming bull run. I look forward to Leo nodes and what the new sidechain will offer us. Im very interested to see what LEOdefi turns into and of course microblogging.
Thank you for taking the time to read through today's post. I thought some people might be interested in what the LEO gov could maybe offer us. Hope you enjoyed it. Screw it, everyone gets a non-transferable, non-claimable, valueless triple thumbs up tokens. That's half times more than most humans have, enjoy :)
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I'll be Getting Some LBI real soon. Sadly my effing situation in Venezuela doesn't allow me to invest properly but with hard work. We'll be there!
Yeah, all put of the grind and starting is the hardest part.
Good luck my friend
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I can't wait for the airdrops either. Wasn't there also a mining governance tokens (dropped to those who have the miners)? Is LBI considering that mining portion or is it too close to consider?
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was not aware of a miners gov token. hmmm,
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Well I thought there was one but I could be wrong.
Leo nodes, that is a great idea. Leo from side chain and then run its own nodes. It will open opportunities deploying other apps on leo network.
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Leo is coming out with all of the tokens :)
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too many is bad but if the mLEO one is it's own project, its not so bad.
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I guess no one is talking about the governance token because they feel governance isn't something that is meant for them. Leo has surpassed expectations. I don't know when this two airdrops will be done but I'm sure no one is planning to miss it.
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It's too strange because i get lots of questions about LBI governance but nobody is talking about these tokens for LEO governance. I would have thought people would have been excited. I guess you are right and people are not that bothered.
We'll buy them cheap and run more nodes, lmao
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Hehe, I was in no way aware of a gov token, I supposed Leo was or prolly Wrapped Leo, I guess I still have a lot to read up on. And LBI, I was wondering what it was after winning 5 of it for quite some time now, and LEOM, can you maybe tell me how it is mined?
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LEOM can not be mined unfortunately. It is a mining-token itself, that if bought from LeoDex and staked, will generate a small amount of LEO as a passive income. Getting back your investment is several years at current price unfortunately
What's the leo earning rate from 1 LEOM
At the current price for both LEOM and MM, I think buying LEO instead will bring a better ROI with curation.
Now with the increase of price coming for LEO and therefore both miners, it still could be a good buy.
I wonder if there is the same kind of leverage we can find in gold miners which are increasing x times when gold price increase.
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I understand what you're saying, I totally agree that LEOM and LEOMM are really expensive right now, from his past post I discovered he has like a hundred, and I can't afford that right now, haha no fiat for such bag.
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You can set a buy order at a lower price hoping for someone to be forced to sell for some reasons but I hardly see this going though haha.
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Yeah, such things needs luck these days, and I would just loose patience and hit the cancel button
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It is a random process hard to judge for a single LEOM and over time dependable on the number of staked LEOM. I have done an analysis for LEOMM, which is 4x more efficient than LEOM, but it is some months ago and outdated in terms of the price. Have a look here
OK, will do just that, thanks!
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@badbitch, looks like others have answered all :)
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Yes, It's cool now, thanks :)
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We are moving in the right direction and having a governance token should be something each community should have. This way it will prove fair governance and being able to set the direction in a democratic way. I like the angle of it and I've learned this days that even if in the NFTs world there is the concept of governance through staked cards.
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I think alot of people like the idea of decentralization but dont have the time to take part in most of it.
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That's the truth and might not be easy to hear it.
But we all have been used to this central governance taking decision for us, getting comfortable with it even if decisions are not specially good for us.
Will take some time to take this back for some but it's a great opportunity.
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It will be very interesting to have more information on the Leo governance token and images that in the case of LBI we will proceed with a majority vote, not being able to split the vote. Furthermore I hope that the team will create a Dapp, 3speak style, to participate in the decentralization of Leofinance in a simple and feasible way for everyone 😊
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yeah, we will have to just wait and see what comes out. I would not be expecting to much, they are only a small team.
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This is all very interesting to me, I just learned about LP the other day and am interesting in acquiring more. Please write more about LP and I will give you my upvotes!
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Whats are your upvotes worth?
It's a good subject so i'll get it into the post idea list and it'll be out in the next week are so.
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Apparently not much hahaha
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This made me smile with all of my three mouths
:<)))
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baa-hahaha
That made me smile so yours was transferable, lol
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Mission accomplished :<)
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Interesting. I’d like to run a node. I have run a few witnesses on other chains in the past and this wouldn’t be too difficult. Sounds interesting and exciting!
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Good to know, thanks
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The hype really dropped, but I still hope for good things.
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Airdrops I love them... who doesn't love free money...
I've heard of the rule of thumb of not selling any airdrop for 1 year. That could be a good thing to practice here. Even if you don't vote in governance, it's better to slowly and strategically sell the stake after LEO go mainstream. Until then we could just let the governance token sit idle :)
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I'd totally run a node to help out but I feel I don't know enough about it to be able to do so. Wish there was a good place to learn and help out.
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Im sure it'll not be that hard and someone will release a step by step after a while I guess.
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I think that makes the most sense the way you would plan on voting. I am not sure how else you could do it to remain as fair as possible. The bad thing is there is probably always someone who feels like they are being left out when you do any form of consensus voting. That is really exciting about he possibilities that the governance token would have.
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We dont wonna get involved with LEO governance, LBI has 3.3% of circulating LEO atm. It's too much to be done proper and lots of extra work. lol
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Haha! I understand!
Free tokens sounds good to me. I guess I’ll figure out the details later. :)
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yep, pretty much :)
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Didn't quite know about the gov token, it's all good. Thanks for the info. The Leo team really working hard. Lots of progress indeed
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deffo is, 2021 is shaping up to be a good year
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I am currently still betting on Leo, turning on everything I receive and growing my account every day, what I am sure of is that I am in the right time and place to forge the best financial future for me and mine.
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Very good, LBI becomes a strong voting Block.
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I am reading this now ( got redirected from the latest LBI post ) and cannot believe I never came across the nodes .
I will be running one for sure when it rolls out.
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yes, alot of people dont know about it. I seen Khal talk about it on a podcast
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