LEO token is PUMPING! Wish we had bought the dip deeper!
Content-wise, it has always seemed to us that LEO Finance was well positioned. The crypto and investing aspect is what lots of people come to a crypto-blog to talk about (although definitely not all) and there is already a lot of Hive Power behind these topics. Great updates and the management of useful sites like LeoDex, HiveStats and LeoPedia keep LEO Finance at the top of everyone's mind.
LEO holders are rejoicing as new, excited buyers have been found in the region of 4-6 LEO per HIVE. This is a strong rate for a tribe token, and makes it extremely possible that users (especially new users with low followings) could earn significantly more in LEO rewards than HIVE rewards.
This pump will surely bring its own downward pressure from bag holders as well as those who 'bought the dip' and entered on LEO when the exchange rate was 20+ per. But for now, LEO is holding strong!
Let's check in on this recent announcement:
Straight to the heart of what really matters, if we are going to be social online, tribes must get the value chain right. If LEO Finance wants to attract users from other parts of the internet, it needs a dedicated cadre of high quality content producers to deliver first to their site. Finally they can further incentivize this with payouts.
We are also happy to see tribes picking up on best practices from other tribes. There aren't all that many of us left on this boat, but if we get better together it is our belief that we can make waves that the rest of the crypto-sphere will see, and respond too.
Our @ecoinstats Synergy Fund posts and analysis will now be using LEOfinance.io to create our posts. The staked LEO rewards will be held to increase our equity in what we believe has the chance to become a truly decentralized social network based in finance and investing. Since this is also a long shot, to mitigate the downside risk we will attempt to sell the liquid rewards 'high'.
When we originally founded the Synergy Fund, it was after our realization of this type of 'Participatory Investing'. We enjoy the kharmic delight of supporting projects we actually hold and believe in. We will continue to report here about the opportunities available!
This is not advice. This is history. Do your own Homework.
Posted Using LeoFinance
Thank you @ecoinstats, for using the CO2 Compensation Coin (COCO) to reduce your CO2 footprint.
You hit the nail on the head.
The run up coincided with an increase in the percentage of tokens stakes versus the overall.
We are seeing the liquidity tightening the float meaning that there isnt a lot to dump.
It seems long term believers were doing a fair portion of the buying over the last week or two.
We all like to see those who join looking to increase their stake in the system.
Posted Using LeoFinance
fuck yeah!
Posted Using LeoFinance
What are LEO tokens used for?
It is a staked based content rewards network, so it is principally distributing more LEO.
^ This + it's also utilized for a few things like LeoServices, LeoAds and a few other programs. Including our LeoShop (which allows users to buy/sell digital services and products with LEO but is still waiting to be migrated to Hive).
We're always working on new usecases for the tokens but the primary distribution is via proof of brain to content creators (like Hive)
Posted Using LeoFinance
Thank ya. Thank ya very much.
This has always been first and foremost for LEO -- trying to build in layers of value that make a true ecosystem. We need to continually find ways to incentivize content creators and content consumers and strengthen the LEO economy. I like the way you put it here by calling it a value chain.
Posted Using LeoFinance
I was one of those pumping the price - I bought a couple of K a while back, now i actually think the LeoM miners are better value!
I have a feeling this is caused by a few last minute Steem PD transfers, people's final diversification!
The price may well calm down again in a few weeks!
Who knows where it will stablise though!
Posted Using LeoFinance
I joined Hive a week ago, explored a bit and saw Leofinance platform.
Thought of buying some LEO tokens, I did, but still, I wish the same, if I came a few days before, I could have bought them a bit cheaper :P