My Leo Token Goals For 2023
I set some goals at the start of this year for the LEO Token. Those goals were to go from 5,000 staked Leo to at least 7,500 Staked Leo (while striving to reach 10,000). My Hive Blockchain activity hasn't been on par this year when compared to previous years but that doesn't mean I have given up on this goal. Currently I'm sitting at 6,386 staked Leo Tokens with 123 more liquid in my wallet. Admittedly *1500 growth over ten months is not that impressive. However within those ten months I went MIA (missing in action or in this case missing from the HIVE Blockchain) for 3-4 months. Even with that consideration a growth of 1500 LEO Tokens (for someone with the amount of HIVE assets as I got) is slow progress. This brings me to the conclusion that I need to do something about that. There is no point in looking at the things I can't control (post earnings). Instead lets look at some of the things I can control that will help me reach my soft cap goals before the new year.
Purchase Leo Tokens
The most obvious is to purchase some Leo Tokens. I absolutely plan on doing this but I feel as the HIVE Token is on the verge of spiking in the upwards direction. If it does the ratio in which we can trade our HIVE for Leo might turn very favorable. Looking at LeoDex I can see that currently one can get roughly 9* Leo Tokens for each HIVE Traded. I think that is a decent trade off but I'm holding off to see what the markets do before spending any HIVE Tokens.
Delegations
Some months back I made a small delegation to LeoFinance in return for daily Leo Token payouts. I been meaning to increase that delegation but never got around to it. In fact I'm not even sure how much I originally delegated (Lets go take a look). It was 250 HIVE, which in the grand scheme of things isn't much at all. Its about time I up that delegation and start stacking those LEO Tokens. For now I'll up my delegation to 1000 but I do plan on increasing it again before years end (once I pull back my delegations from other projects). I did some digging and seen I was earning just under 0.8 Leo (Daily) for my previous delegated 250 HIVE Tokens. Since I increased that 250 to 1000 that means I should be roughly getting 3.4 Leo Tokens dropped to me daily for my new delegated amount of 1000 HIVE Tokens. The amount dropped can change based on various conditions but the above is a good estimate on what might be. If you plan on delegating to LeoFinance in the same fashion in which I just did please keep in mind the account to send the delegated amount to is @leo.voter. Don't make the mistake that I almost did and others have done. A mistake that is easily made and that mistake is sending your delegation directly to @leofinance. While that is one of the main handles for the Leo community it is not the one you send your delegation to.
Leo Power UP Day
The third and final thing I plan on doing to keep my Leo goal on track is to be more vigilant with my participation in Leo Power Up Day (LPUD). I had a nice streak going at the start of this year but then proceeded to not participate in consecutive months. Considering LPUD happens on the 15th of each month that means there is just two months left to participate and I plan on doing just that. This months power up will likely be a small one but hopefully I will have my biggest Leo Token Power Up to date on Dec. 15th/2023. Do you have some Leo Token goals (If So) Lets hear them!
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It's a good time to accumulate LEO, it seems like there are a lot of things happening in the community.
I agree, the Leo team seems to always be working on something.
Accumulating Leo is a very good idea
We have to keep stacking especially for the future
Cheers to that,
!PIZZA
$PIZZA slices delivered:
rentmoney tipped biyimi
@rentmoney(9/10) tipped @djbravo
rentmoney tipped rafzat
That's good to hear. I am planning delegating 500 hive power to leofinance immediately I hit the 1,000 hive power
Good luck with your goals :)
!PIZZA
Do you think LEO could go up to 1 Hive per token in 2024 ?
My hopes for 2024 is for LEO to at least get to 0.3 hive per token.
I think that depends on so many different factors that its too hard to predict. One such factor is at what price will HIVE be during 2024? I think HIVE might be on the brink of an upswing but will it be an upswing that sustains? I will say that I think being 1:1 with HIVE in 2024 would be a bit ambitious. 3:1 certainly could be possible but if HIVE goes on a tear upwards (and LEO doesn't keep up) we might see the opposite happen. What-ever the case might be; I want more of both HIVE and LEO.
Keep stacking 👍
That's the plan!
It's just like that, this is one way to be successful, a person first sets a goal, then works hard day and night, and slowly moves towards success the way you are going.
Cheers,
!PIZZA
Thanks.