wLEO Day: Let Us Temper Things A Bit
As most are aware, today wLEO hit the market. This sent a rush of excitement through that community and, many on Hive, in general. As exciting as this is, we must temper things a bit while stepping back.
In this video I discuss how wLEO is just a part of a series of steps that will take place by the end of the year. The goal is not to get the price action going but to extend the reach of LEO as well as Hive. In the end, growth is what is sought and this is one method that is being employed.
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Equilibrium is good in everything and tempering things will ensure a healthy and constant growth. The rise should be translated also into value and overestimating is not good the the LEO ecosystem.
Having a long term strategy for the LEO is something that makes me hold my tokens and continue to power up. As I don't have liquid LEO nor does it worth to un-stake my 700 LEO, I will continue the chosen path and keep my faith that once a value is reached that is kept as well.
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There is an advantage to those who stayed power up and use their LEO stake to keep curating and adding through activity. With so much moving off chain, there is more value for the users remaining in terms of their voting power.
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I truly appreciate the insight and hope you are right as for the moment this is the only path for me. If I had few thousand LEOs probably that would have changed a little bit.
Anyhow the reason why I've joined Steem, Hive and LEO was because of the people around and now more for the communities and in commenting and blogging I've found a way to connect and share common interest.
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Yes, very good points. Plus it will take some time for the defi groups to dip their toes in... :)
This was quite a very educative video. Something strategic must be done to organically grow LEO. The wLEO launch is just one activity/event.
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Summary:
In this video, the speaker discusses the significance of W Leo Day, which is seen as a positive step for the Leo and Hive ecosystems. The release of W Leo is considered a piece of a larger puzzle with potential benefits for both ecosystems. The speaker emphasizes the importance of growth over mere speculation and price fluctuations in the success of technology-based cryptocurrencies like Hive and Leo. He highlights the potential for W Leo to attract new users and increase visibility for the Leo platform. The speaker also touches on the diverse interests and challenges within the Hive community, emphasizing the need for cohesive movement amidst varied interests. While acknowledging the excitement around price movements, the speaker encourages a focus on long-term sustainability and development of projects.
Detailed Article:
The video revolves around the speaker's analysis of W Leo Day and its implications for the Leo and Hive ecosystems. He starts by acknowledging the buzz around W Leo Day on leofinance.io and Hive, highlighting the numerous posts about it. Despite the excitement, he underscores that W Leo is just the first step in a series of developments expected throughout the year and into the next year. The speaker emphasizes that success in the crypto space cannot be achieved solely through financial activities and speculation. Instead, he stresses the importance of a viable plan and sustainable growth for the long-term success of projects like Hive and Leo.
The speaker also discusses the potential benefits of W Leo for onboarding new users and increasing visibility for the Leo platform. He views this development as an opportunity for growth rather than a quick price pump, mentioning the importance of expanding to other DEXs beyond Uniswap to enhance marketing and outreach efforts.
Moreover, the speaker delves into the challenges within the Hive community, noting the diverse interests and communities within Hive, such as sports, gamers, art, and photography. He highlights the difficulty in achieving cohesive movement due to these varied interests and the presence of influential stakeholders in different sectors. The speaker raises the question of whether other communities on Hive could follow a similar path as Leo in the future.
Furthermore, the speaker cautions against getting carried away by short-term price movements and urges a focus on long-term sustainability and development efforts. He advises traders to consider taking profits when tokens see significant gains but emphasizes the need to look beyond price fluctuations towards the project's long-term prospects.
In conclusion, the speaker stresses the importance of sustained growth, development, and community involvement for the success of projects like Leo and Hive. While acknowledging the excitement surrounding W Leo Day, he advocates for a balanced approach that prioritizes long-term sustainability and project evolution over short-term price movements.