You can earn LEO tokens either by socially engaging in Steemleo.com such as posting, commenting on investing related topic. You can also earn by curating--- if you have a decent amount of LEO power then you can curate relevant posts & quality posts & earn LEO rewards for both authors & curators. So while PoB & PoI concepts to earn LEO tokens are in place, there is another way to mine LEO tokens & you can do so with LEOM & LEOMM miners. You need to buy LEOM & LEOMM miners and stake them in Steem-engine. By doing so, you can earn LEO tokens daily without putting any additional efforts.
I will also give you my reports of LEO tokens reward from LEOMM miner, at the end of this post. Before that let's understand first what is LEOMM & LEOM and how that works.
LEOMM is a digital miner to earn LEO tokens passively. The cost of LEOMM is 6 steem and LEOM is 2 steem. I think both are affordable. But LEOMM miners mine at a higher rate than LEOM. LEOMM mining rate is 4x faster than LEOM.
- The available Supply of LEOM- 250,000
- The available supply of LEOMM- 70,000
So the available supply of LEOMM is quite less than the available supply of LEOM & it also mines at a faster rate. It is also relatively cheaper. Therefore it is better to mine LEO tokens with LEOMM.
How exactly mining works with LEOM & LEOMM?
Digital mining tokens on Steem Engine work on a sort of “lottery ticket” system based on your mining power. Different miners have different settings but here’s how LEOM and LEOMM work:
- There are 30 winning miner “tickets” per hour, every hour of every day —> 30 potential winners each hour
- 1 mining power = 1 chance at winning a slot (i.e. if you have 1 LEOMM, then you have 4 potential chances to win 1 of these slots)
- 1 miner can win more than once (this is why having more LEOMM or LEOM will result in bigger payouts — you will win more often and you may even win more than 1x per hour)
- The mining pool is 15% of the total inflation which means that there are 300,000 LEO tokens being distributed this year from the mining pool.
- Each hour the system selects 30 random winning “tickets” (based on mining power) and then automatically distributes these tokens to the winning miners who can then claim the rewards in their Steem Engine wallet.
How to buy LEOMM in Steem-engine & How to stake them?
- Go to https://steem-engine.com/
- Login to Steem-engine using the Steem account credentials.
- Then go to market. On the left side you can search for LEOMM. Click on that.
- Then you can see the market of LEOMM where buy orders & sell orders are displayed. Alternatively, you can straightway go to "LEOMM market" through this link- https://steem-engine.com/?p=market&t=LEOMM
- The price of each LEOMM is 6 STEEM. So under "Buy LEOMM", fill the price as 6 STEEM/LEOMM, then enter the quantity you want to buy. Then finally click on Buy.
- Once you are done with that, head over to Wallet section and check the wallet balance, you can see your LEOMM displayed right in your wallet section.
- In order to stake LEOMM you have to click on the "lock" symbol and after staking LEOMM, you can see the lock symbol in open state. That means you have staked your LEOMM.
- When you are staking, make sure that your username is in the "to" field and then confirm the number of miners that you are staking.
My report of earning LEO tokens from LEOMM miner
At the moment I have 5 LEOMM and all are staked and that is yielding the following results.
Current Statistics
Conclusion
LEOMM is a good option for those who can not afford to buy PALMM miner and LEOMM hardly cost 6 STEEM per miner and just by buying LEOMM and staking it you can earn LEO tokens daily without any effort. But please note that if you are buying 1 LEOMM and staking it then you may not receive LEO rewards daily and it may take longer to receive LEO rewards. I am saying this from my own experience, so prefer staking at least 5 LEOMM or so, to be able to earn LEO rewards regularly. More the number of LEOMM you stake, more chances you have to earn LEO token regularly. Also, if you are good at posting investing related article, then you have a chance to earn more LEO tokens. I do see great potential in LEO. Thank you.
Disclaimer
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
All the images & screenshots are taken from the official sites of Steem-engine & Steemleo.