It is great to see a much needed update from the #leofinance tribe in this volatile time. It is a great assurance for me and other big LEO holders.
In the meantime, I have accumulated quite a significant amount of LEO that I had not plan for. Some of my LEO buy walls got filled by severe dumping due to panic or cash out. The purpose of the walls was to hold LEO's price for a floor, not to purchase a large amount.
Though I missed HIVE airdrop, having large portion of my Steem being invested in LEO, I am satisfied that I have accumulated a large number of LEO. It will be harder for next whales to chip in without paying significant cost. Most of early airdrop beneficiaries of LEO have exited. Most of non-believers have also exited in this uncertainty.
However, there is still big headwind ahead.
The last time I checked unstaking LEO list, there was more than 100K LEO is power down. I am not exactly sure of their motive, it could be due to uncertainty related to 's future, simply exit from investment, or simply profit taking on future price up-rise. But it will provide a liquidity for the future investors who want to buy LEO cheap too. There is still an opportunity to accumulate 10K, 100K or 200K LEO!
The bottom line is #leofinance tribe is still not there to consume all the LEO sells from the big creators or curators. The goal is to generate enough income from Ad sells and other services to buy back LEO from open market and burn them. By this way, LEO will hold higher valuation and therefore, benefiting the investors and creators.
We are far way from achieving this goal but we are in the right direction. The founder and team behind the tribe are working hard to realize this goal. The founder recently said:
LeoFinance is a community for crypto & finance content creators. We blog, we chat, we debate, we talk trade ideas… As many have said previously, we can be likened to a decentralized Seeking Alpha.
To reach an even broader audience, now you might consider telling friends and family that we resemble a decentralized Yahoo Finance.
It is a big, ambitious goal. In short period time, the LEO team and community have shown their determination and capacity to thrive for this goal too. We have found many excellent content creators who exclusively blog for #leofinance: ,
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I have more than 85 creators in upvote list. I occasionally check for new creators and add them to my list.
Here is my incentive for the new, aspiring and under-appreciated creators. You have to post your blog's link in reply section or, you can DM me in Discord with the same name handle, or simply send message in hive.blog (you will need 0.001 HIVE).
I will check your post, if it satisfies my desired quality (very subjectve off course), I will add you to my 100% upvote list which is currently approximately 75 LEO. You will also receive 100% upvote from 50K Hive power too. For quality and length, you can check the blogs of the above mentioned creators. The bloggers from the above list and prominent HIVE bloggers are excluded from this offer.
I will regularly upvote 100% (once a day) your blogs as long as you maintain a standard.
My upvote will send your blog to the trending at #leofinance frontend, one of the popular front-end for HIVE blockchain. Moreover, your quality post will attract other LEO and HIVE whales who might also chose to upvote you. If LEO's price reaches to previous high level (e.g. 5 cents) or goes beyond, hopefully, it will reward you handsomely.
There is a couple of small conditions. You have to post your blog using steemleo.com interface. And, you should not sell LEO below 0.1 Steem but can sell at any price above 0.1 Steem. The buying pressure for LEO is still low and #leofinance is in a transition. Once it is settled and when LEO will be traded in external exchanges with the help of Hive Media Token (HMT), its value can rise significantly.
Topics of the blog should be related to finance such as investing, trading, cryptocurrency, market etc. You can write about technology or blockchain but it should relate to finance.
Finally, I highly recommend to read the recent post from the team: Introducing LeoFinance | Major Updates to the SteemLeo Community Since the Hive HardFork to understand the direction our #leofinance community.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions. This opinion is only for educational purpose.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
Cryptominer , occasional trader and tech blogger since 2013
Posted via Steemleo