Distribution and Developments - How It Affects Leo's Growth

Leo Is Scarce

A few days ago I bought a little above 800 Leo and powered up, it was my first purchase and power up. In the past I've only been buying a huge portion of it for arbitrage purposes. I had a sudden change of mind about Leo specifically, which of course led to my sudden resumption in blogging activities.

Many people are yet to realise that Leo is a gem, I am honestly hoping this post doesn't screw my chances of getting more at cheap prices off the market. Leo is like about a two year running project, if you look at the developments since then, you'd just want to have it right now.

Leo supply is fascinating

In the past, I didn't pay much attention to how much Leo actually existed, I began to care about it when the price dipped over the crypto market crash. For a two years running project, I'd say it's crazy seeing the supply hover around 11 million tokens currently. The team keeps pushing to build a network with token scarcity which in turn would create value when demand feeds the market, this is what is going on with polycub, but if you take a step back and look at Leo, it's pretty much running the same model, not many realise.

The only difference is that Leo has way more tokens that would ever exist than polycub, however, the long term supply doesn't really matter because in the long run, the rate of tokens earn via curation is liable to reduce, causing the desire for more, with such demand, Leo can embrace crazy prices.

Developments

Leo believes in developments and this community has grown strong from all of that. Defi is eating into the industry and with cubfinance and polycub, leofinance is expanding its reach, creating value and experimenting with diverse mechanisms, all in an attempt to build sustainable structures.

I've seen lots of crypto projects launch, sell off 60-70% of token supply with 10% still reserved for the team, sit back and do nothing. Literally all the projects I've dug up have nearly all supplies released with zero developments on going, a lot of which won't exist after a period of time.

There are two crucial pieces to any crypto project, one is token distribution, and the other is development. A flaw in token distribution can kill the market in an instant, and the absence of developments can steadily suck value out of the token market. These two pieces are working together well for Leo.

Currently, there's like only one person (if I am not mistaken) controlling about 10% of the supply of Leo, whereas roughly 5% is going into Liquidity pools. There are really some diamond paws lions in this space, the community keeps the projects running. My guess is Leo will make a lot of people rich provided they stay invested. Currently, there's only about 6% of Leo supply liquid, definitely too low to be a threat to the market price.

Not financial advice, happy investing…