Hi 
What is LEO token and its staking feature?
LEO is 2 layer token that is build on Hive blockchain. You can buy and sell LEO in #hiveengine. The transfer is easy and fast.
It is created to reduce fee on crypto transaction. It was created since May 2019 and it has recorded success in so many ways. All the data is recorded on blockchain, it is immutable. It's features is unique and dynamic.
How does LEO and LEO Miners work?
Leo token has its own wallet just like hive. You can stake it or power it up known as Leo power. LP is used to curate authors post and earn reward both the Curators and authors. It is mined each time time someone like your post or vote your post. By staking Leo token, you also earn 20% of it.
Leo power gives the owner influence in the community. Like in this contest, there is a statement that more Lion's are needed. These are people who have 15kLP. With this they add value to post and also earn reward. To support #leogrowth, one need to hold lp for a long time. Since mining means printing new leo so staking is a long time Investment.
What are the effects of LEO token on Hive so far?
Leo is playing an important role in strengthening the hive blockchain. Hive is layer 1 and leo is built on hive blockchain. Hiveians have learned that posting using leofinace.io front end, earn them additional token which is layer2. This depeens their appreciation on hive. Let me take myself for example. What attracted me to Leo is that i will learn more about crypto if i am in Leofinace Community. Everyone here have her own reason.
There is over 1,000 active poster here. That will tell you that leo has affected Hive blockchain in a positive way. Many things are still coming to make Leo/Hive the mode desired token in the market. Leo effect on hive is a good one and all will testify to it.
What are your best strategies to increase the number of your LEO tokens?
I have 3 strategies to do that, that is to increase the number of my LEO tokes.
- To be very active in the community by engaging and posting regularly.
- To be active in microblogging on #leothread.
- To join in Leo power up day of the month to stake what ever I have. This is because of the 50/50 reward that comes through curation. The more Leo power i have, the more I earn the LP.
The effects of being active to increase your LEO
From what I have discovered here on Leofinace, the easiest way to grow my leo is to be active in posting, engaging, upvoting and most importantly staking my Leo token. Since i have known this, there is no delay again. I have started to be active and to grow my leo token. If i remain active i will grow very fast to become a Lion on Leo.
Strong and Weak sides of your LEO staking strategies
The strong side of my LOE staking strategies is that i have decided to join in LPUD every 15th of the month no how small it is. I don't want to wait for the better time because there is no better time. My goal is to become a lion in the next 6 months. From my business i will be buying Leo to stake, i will also stake the one i earn until i achieve my goal.
The weak side now is that I don't even have 1 Leo powerd up. I have not started staking yet but will start on 15/12/2022. I want to move against any distraction that will make my leo growth stagnant. For now my loe power is weak and soon to be strong, stronger and strongest.
Suggestions for LeoFinance team to advance monetary side of LEO distribution / operations.
My suggestion is that they continue in this educational program they have. Strengthen the leo thread very well as it helps users to be more active and any post missed in the community is seen in leo thread. To continue with LPUD as it will help all Hiveans to see the future with them.