Yesterday I stumbled on a post about mining LEO by staking LEOM and LEOMM. I love passive income and the thought of being able to purchase crypto that mines more crypto passively really excites me.
Looking at the ROI, it seems like a crazy good deal. So I have decided to start building and holding a stake in LEOM (or LEOMM which ever is the better deal at purchase time).
The more I earn, the more I mine, the more I buy. As an engineer, I like feedback loops, and with the ROI on LEOM that is a pretty powerful feedback loop.
The Goal
I have set my initial goal to acquire 10000 LEOM. That is a midish term goal and something that will take me some time to achieve. But no goal should be too easy to achieve.
The Plan
10000 LEOM would currently cost close to $10,000. That isn't something I see wife letting me write a check for.
So my goal will be to start driving my crypto earnings towards buying LEOM.
I have started the process of unstaking my Hive to put it to work purchasing LEOM. I also plan to get more active on LeoFinance to try and earn me some LEO and Hive. That should be enough to get me started, but good lord! It takes 13 weeks to get your Hive unpowered? Jeapers. In the mean time I will take my Hive, LEO, and DEC earnings and start purchasing.
This is a long term goal for me (unless some Whale feels pity on me and gives me a full on 100% upvote for this post - hint hint. :) Ok, well, it was worth the shot. Lol.
Thanks to the developers of LeoFinance for this opportunity. You guys are killing it!
Hope you are all enjoying your Humpday. I've got the day off for Veteran's Day here in the US.
Leave me a comment! I want to hear what you think about LEOM.