RE: Understanding LeoFinance Miners - LEO Tokens LEOM, LEOMM
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Great post,
People have no idea if miners tokens are profitable are not. They do no not think to convert the HIVE price on the exchange into LEO. This is the easiest way to know if miners to priced high are low.
eg, 1 MINER produces an APR of 40-50% in terms of LEO if bought for 3 LEO. 3 LEO is my buying price for miners, it will take 2-2.5 years to get back investment. So, if the miner token is for sale on the exchange for 15 HIVE and LEO is 3 HIVE, then the miner is overpriced as it will cost the same as 5 LEO.
Anyways, that's how I work out of it a good are bad buy at the time. Remove HIVE and price you buy in LEO, makes way easier to work out ROI as rewards are LEO and sort of consistent over long periods of time.
My 2 cents
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Good stuff, I also came up with about 2 or 2.5 years. But also if the token becomes more valuable you can calculate that in. Another thing that speeds it up to faster than 2 or 2.5 years is that LEO that was just mined if you stake it and curate you now earning on top of that.