Introduction
As a small group of friends excited with Inleo, we started a savings project 1 year ago and agreed to send back each person's earnings at the end of the 1-year savings period. Here we are, 1 year has come and gone and its time to do as agreed. We already powered down our Leo and converted back to Hive which we will send to each one according to what they have saved.
Each persons savings.
We will have to pull some data from our last savings update to enable us see how far we have done.
The image below is from our last savings post. You can see that as a group, we saved a total of 24,487 Leo.
The table below shows each persons individual savings. You can see that we saved a combined 3,939 Hive which we converted to Leo.
| Username | Hive Savings | Duration covered |
|---|---|---|
| @fokusnow | 1080 Hive | 1080 weeks |
| @sammyhive | 757 Hive | 757 Weeks |
| @emjeak | 485 Hive | 485 Weeks |
| @ijelady | 226 Hive | 226 Weeks |
| @marajah | 215 Hive | 215 Weeks |
| @beauty197 | 176 Hive | 176 Weeks |
| @uzoma24 | 169 Hive | 169 Weeks |
| @luchyl | 112 Hive | 112 Weeks |
| @herculeand | 107 Hive | 107 Weeks |
| @iamchimary | 100 Hive | 100 Weeks |
| @ijebest | 100 Hive | 100 Weeks |
| @caleb-marvel | 87 Hive | 87 Weeks |
| @chigold1 | 67 Hive | 67 Weeks |
| @chichieze | 60 Hive | 60 Weeks |
| @pearlie123 | 49 Hive | 49 Weeks |
| @ngobaby | 35 Hive | 35 Weeks |
| @ladyfoth | 31 Hive | 31 Weeks |
| @mr-chuks | 24 Hive | 24 Weeks |
| @rhozolive | 20 Hive | 20 Weeks |
| @bestars | 17 Hive | 17 Weeks |
| @iamnursejeff | 14 Hive | 14 Weeks |
| @samueluche07 | 6 Hive | 6 Weeks |
| @meraki7578 | 2 Hive | 2 Weeks |
| Total Hive | 3,939 Hive |
Converting Leo back to Hive
After we powered down our LP, we had to convert it back to Hive. So you can see that we got 3882 Swap.Hive from converting 24489 Leo. Check screenshot below
Converting the 3882 Swap.Hive to Hive, we have 3,865.
Now compare the savings total versus what we have after this power down and you could easily see we lost some Hive.
Total Hive saved: 3,939
Total Hive after savings: 3,865
Difference: 3939 - 3865 = 74
Explanation: We had the loss of 74 Hive because Leo lost so much value in this bear market against Hive. So its conversion rate dropped significantly against Hive.
Recovering the loss
From our HP, we have 138 Hive.
We have initiated a power down. We will recover the loss of 74 Hive from this powerdown and balance up the savings. We are supposed to make profit from the savings. Unfortunately, the bear market took that opportunity away. So we are making sure that everyone receives exactly the amount they saved.
Conclusion
Within 24 hours of this post, everyone would receive their exact savings amount back from the account they sent it.
We appreciate all friends that joined us. We are kicking off another savings project by September 1, 2024. Keep an eye on this account for updates on that.
Thank you so much once again for supporting this project! Lets do great from September!!!
Screenshot are from threads, BeeSwap, and Peakd.
Posted Using InLeo Alpha
