Do NOT Sleep on LEO...
There is obviously a lot of energy surrounding CubDefi right now, and for good reason. The latest Full Kingdoms Launch and the upcoming press releases detailing some of the amazing developments coming down the pike have deservedly captured a lot of peoples' attention. While the rest of the crypto world has been swimming in a sea of red for the last few weeks, CUB is building momentum, and more importantly, fundamental reasons for it to climb in price. The future is definitely exciting and very bright.
But behind the scenes, there is a forgotten child by the name of LEO that has been languishing around 20-25 cents for a while now. After spiking over a dollar at the beginning of the year, it has slowly lost it's luster as things like CUB, Proof of Brain, and Splinterlands have been stealing the limelight, and, probably more importantly, the funds people use to invest. It is understandable as, as I said, there is just so much excitement surrounding a few of these other tokens in the Hive ecosystem, there just hasn't been enough attention to go around. That said, there a three good reasons I would highly recommend you start paying attention to it again.
But first, what is it? LEO the base token of the LeoFinance system. This is the blogging site dealing with finance, cryptocurrencies, and technology. It is also the platform upon which CUB and it's Kingdoms are built. While there really isn't any physical connection between the two, they do share the development team and the same leadership. This leadership is keenly aware of the fact that LeoFinance is the community that has helped build what they've built and will continue to support them going forward. They definitely have plans to increase the value of owning the LEO token. In fact, @Khal talks about it on a regular basis in his AMA's.
Curation: Post, Comment, Vote
The first reason to own LEO is obviously it's curation power. LeoPower continues to pay very well if you put in the time and effort to post, comment, and vote on other peoples' writings. In fact, right now, with the price so cheap, you are able to gather in a lot more tokens for your curation efforts than if the price were still at a dollar. It's a great time to be working and stacking them as much as possible.
The second thing LEO tokens are extremely valuable for are the liquidity pools on Uniswap(ETH) and CubDefi(BSC). Not only are the liquidity providers making great returns on geysers, transaction fees, and farming, they are also providing an extremely important service for building the entire LeoFinance ecosystem. Leo is the underlying token for the LeoBridge, which allows people to seamlessly and permissionlessly move money to and from the ETH chain and BSC. This generates fees which are then used to burn both CUB and LEO. While it is not being utilized to a great degree right now, it will be.
That's because there is another chain being added #soon. Polygon(MATIC). This chain was developed to take some of the pressure off of the Ethereum chain and allow much lower fees, and it does that. It also has some liquidity pools of its own, which will feed into the composable contracts CUB has created and will add a third token to the LEO family: pLEO. This chain too will require a sizeable liquidity pool and will, I'm sure, provide substantial returns to those willing to provide that liquidity.
These three chains and these three LEOs (bLEO, wLEO, and pLEO) will continue to build utility for the LEO token and the LeoBridge bringing more burning of LEO to the party. There is also talk of adding the THORchain(RUNE) to the mix. More utility. More use cases. More burning. And it keeps on coming.
But the third real use-case and the one that really gives me a lot of motivation to buy LEO, especially at these prices, is the fact that it IS the native token of LeoFinance. When CUB was released, people who owned LEO got an airdrop. I know it doesn't get talked about too much with all the CUB happenings right now, but there are still a couple major projects under development inside LeoFinance, the most anticipated of which is, of course, #ProjectBlank.
I don't know if you all remember, but back in January #ProjectBlank was being talked about as being the next release from LeoFinance. Instead we got CUB. Nothing wrong with that, but I want to remind people of the hype surrounding the "snapshot" being done in order to lock in your airdrop tokens. At that time, LEO climbed above $1 and over 90% of the entire supply was staked. That is still on the horizon slated for the end of this year. I firmly believe that if and when news starts filtering out about this project, the price will again rise and the supply will again be locked up. Couple this with the fact that as CUB gains more TVL and users, there will be a lot more eyeballs on LeoFinance.
I don't know when it will start happening, but, as I said, I firmly believe it WILL happen and when it does, I think $1 will be almost an afterthought. That's 4-5x from here. In roughly six months. At the same time you can be getting bigger curation rewards and/or providing liquidity and getting great returns there.
Those are just three good reasons to be buying LEO right now. I'm sure the LeoFinance team will be enlightening us with even more over the days, weeks, and months ahead. For now, those three reasons alone are plenty for me to be accumulating. Do your own research and pay attention to what's going on and I think you'll see, LEO is a lion getting ready to Roar.
Thanks for reading. As always, comments and questions are welcomed and appreciated!
Posted Using LeoFinance Beta