Participating in Leo Power Up day

in #hive-1679222 years ago

The 15th of every month is called Leo Power Up day. I have been participating in this power-up day for the past 4 months and this is the 5th-month people are doing power-ups. I'm happy that I'm very close to reaching my goals. I have been saving up all the LEO tokens I earned in the last 30 days. It looks like I earned close to 58 LEO tokens as curation rewards and around 300 tokens as author rewards. I moved everything to my Leo account which is @bala-leo and powered it up.

image.png

I initially thought I would be completing my goal of reaching 10000 LP with the help of the LEO tokens I'm saving up but it wasn't possible to complete the goal this month. I'm glad that I'm already very close and I just need a few more tokens to reach my goal. In my next LPUD, I'm sure it should be possible to complete my goal. I don't know if I will be continuing my participation after a month or not. I delegate my LEO power to the @india-leo community account and get a 100% curation reward share every day.

I'm not very happy about the way LEO is going. When it all started, the price of LEO was very good and pumping hard. But after the team started introducing so many new coins, the value of the old coins started diminishing. When CUB was introduced, that was when the price of LEO started going down. After that, the price has not recovered very well. The price of CUB has also dropped drastically.

The Leofinance team used to burn a lot of LEO tokens during the early days and that's how they attracted investors. They used the revenue from ads to burn LEO tokens. I don't know who told them that Burning is bad but they stopped doing it and nobody knows where that money goes and if that is even happening. I don't want to make this a post complaining a lot about LEO and its ecosystem but I still think there is hope for the community to revive back. It is definitely a great use case and we are still in the early stages of crypto. Hopefully, some great innovations should recover the price of all the Leo Finance-based tokens and be fruitful to the investors.

This month I'm still positive and motivated to invest in LEO by powering up LEO and holding them tight. But my thoughts might change next month and let's see how it goes.


If you like what I'm doing on Hive, you can vote me as a witness with the links below.

Vote @balaz as a Hive Witness

Vote @kanibot as a Hive Engine Witness



Posted Using LeoFinance Beta

Sort:  

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.


The rewards earned on this comment will go directly to the people( @bala41288 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Happy LPUD, my friend! Nice numbers! 💪 !LOLZ

Why are dogs bad dancers?
Because they have two left feet.

Credit: marshmellowman
@bala41288, I sent you an $LOLZ on behalf of @stdd

Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(5/6)

LEO isn't just about the price but the community and I are kind of against burning tokens. Sure it may help price but I feel that the focus should be more on trying to provide utility. It's still actively developing during the bear market.

Posted Using LeoFinance Beta

No project will succeed without a proper sink for the supply. Use cases can help but without sink it won't survive long term. Why do you think the price is dropping even though the user base is increasing and utility is increasing. What happened to the CUB price? I bought them for 4$.

I know CUB price dropped a lot but I agree with the sink. However, I don't think burning the tokens is the best choice. LeoFinance is thinking about a ad revenue system where they share the LEO back to the users who stake and I think that is better.

Posted Using LeoFinance Beta

How do you think that is better. Imagine if people dump all the leo tokens given to them from the ad revenue, do you think the price will go up?

It would come staked and I don't think most people would sell it. Even if they did, they would have to power down and overtime, earning less of the staked portion over time. So I think it would just be a selloff at the start but it won't affect prices as much.

Posted Using LeoFinance Beta

Congratulations @bala41288! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 310000 upvotes.
Your next target is to reach 320000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

LEO Power Up Day - October 15, 2022

Awesome... It was My First LPUD tho had always Got inspiration from you guys and made it possible.

Congrats on your LPUD and Have a Great Week Ahead.

Let just be positive and be motivated

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 127 of my contest just started...you can now check the winners of the previous week!
!LUV
12

Congrats on powering up. Surely you’ll reach your goal soon.

Interesting information on the burning of Leo and how they’ve stopped, didn’t know that.
Hopefully as you’ve said, they’ll be other innovations to recover the worth of the tokens.

Posted Using LeoFinance Beta

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.