Leo Power Up day - May 2024
The 15th of every month is celebrated as Leo Power Up Day on Hive. This is the day when many Hive people stake their LEO tokens showing their support. Today I was able to to stake 368 LEO tokens on the occasion of LPUD. Leofinance now called InLeo is one of the projects that have been on Hive for several years. There have been many changes around the project and many experiments both good and bad but the good thing is that the project is still there and is continuing to be very strong.
I used to have a goal last year to have 100k Hive power and after accomplishing that goal, I wanted to focus on my LEO power goals to reach 15k LEO power. I was very close to reaching that and then I started staking LEO on my other account. I'm still a very strong staker of LEO tokens but instead of doing that on my @bala-leo account, I have been doing this on my primary account for the past few months because it is helping my delegation reward score if I'm not wrong.
I would like to continue staking my LEO tokens as long as the value is decent. The value of LEO tokens has reduced a little bit in the last few years. The value of Hive has dropped and that has in turn reduced the value of many Hive Engine tokens that are dependent on the Hive price as they are on the second layer.
One of the biggest achievements of the InLeo team in the last few months is creating a bridge with the Layer 1 tokens with the help of Maya protocol. This is a big thing for Hive and hopefully, many people should try to understand this and use it regularly if they want to swap with a Layer 1 token or some native coins directly. I'm hoping they continue to maintain this and make it more user-friendly or increase adoption. I don't want to see this project launched and left out in the dark. I say this because the InLeo team has a track record of doing this. I have some concerns about how they come up with new ideas but they leave them orphan. They spend a lot of money on new ideas but they don't sustain or maintain that.
I still see InLeo having great potential and hopefully they can come up with some stability and increase the value of LEO tokens so that the token value becomes a lot more stable. I personally always think that there should be more burning happening or projects that have Sinks but others have a different opinion saying that sinks should be in the form of adoption and not in the form of just burning the tokens. Let's see what sustains in the long run. The value of the token will keep falling if there is more supply than demand. There should be more use cases for the tokens and there can be better ways to utilize the tokens. Let's see what the future brings to us from the InLeo team or Leofinance team.
Note: If you have staked LEO tokens and if you would like to support manual curation, the LEO tokens can be delegated to the @india-leo account. All the delegators receive more than 100% delegation rewards and also get the opportunity to support manual curation efforts.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using InLeo Alpha
Posted Using InLeo Alpha
Completely agree with you, the new leodex that allows to exchange HIVE and LEO for other L1 tokens is a very good thing for Hive and like you I hope this project will have success and support
Happy LPUD!
!ALIVE
@tipu curate
Upvoted 👌 (Mana: 34/44) Liquid rewards.
@bala41288! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ libertycrypto27. (1/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Congratulations 🎊
I also powered up a couple of hours ago!
This is my first time participating in a Leo power up day and I must say that I am delighted to do so
Congratulations to you on your power up too
Congratulations on your first power up.
Congratulations on your Successful LPU 🎉👏🎉
Congratulations on your power up...
!BBH
@bala41288! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @seki1. (1/5)
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
Congratulations @bala41288! You received a personal badge!
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It is certainly great as you are participating in the power up as it allows you to increase your influence on Leo platforms and hive generally