LeoGrowth: How to maximize your lean Budget with LEO Staking/Curation
My journey as a second layer token curator on Hive started like a joke and each day, I wonder how the seemingly insignificant decision I took in August 2019 have had a lot of influence on my personal finances and investment drive three years after.
It all stayed like a joke like I wasn't going anywhere serious till the turnaround happened.
One of the most treasured lessons life have taught me is how to use what is available to me at a particular time. My problem has never been what I do not have, rather, what I have but cannot maximize.
My LEO Growth Story
I joined Hive as a content consumer and creator who was seeking to learn and share my ideas and life experiences with the world. Along the line, I stumbled a community that I learnt the entire innovation of blockchain and cryptocurrency from the scratch and I spent hours of my day.
I can remember days when I'll create over 150 comments on LeoFInance.io just to learn from other users and share my thoughts. I finally earned attention and a huge support from the top curators of that time - @Dtrade and @Taskmaster4450le. With consistency in creation and staking of my earned LEO, I rose though the ranks of top LEO stakeholders and gave value to other content creators. Amazingly, LEO was worth less than 5 Cents those days, but I kept earning and buying as much as I could.
Life did hit me hard at the later part of 2022, and almost when I would have been financially stranded, LEO made a bull run near $1 which grew my LEO holdings to a 5-digit dollar worth and I could sell a good chunk of the tokens to meet the pressing need then and also diversified my crypto investments.
Sharing the above brief story is to encourage everyone reading this post. My target is the new Lions with a lean budget who are wondering how they would grow here.
How to maximize your lean Budget with LEO Staking/Curation
The thumbnail used in this post is quite very simple and self-explanatory. The message in the info-graphic is not in any way to undermine the need for a Hive user to stake Hive and grow in its stake, rather, opening up the wealth opportunities that abound on Hive, especially at the community/Tribes level.
At today's market realities, LEO is $0.09 and HIVE is $0.52. Acquiring 10,000 LEO would cost $900 and 1,830 HIVE would cost $950 (almost worth the same). this means that staking 10,000 today is as much as staking 1,830 Hive. Amazingly, my account presently operates with these stake balances and it gets quite easier to drive my points home.
The curation stats comparison between LEO and Hive are summarized as follows:
| Parameters | Crypto1 | Crypto 2 | Remarks |
|---|---|---|---|
| Coin ID | LEO | HIVE | Both native to Hive blockchain |
| Price | $0.09 | $0.52 | HIVE is 5,7x greater than LEO |
| Stake | 10,000 | 1,830 | Both are approximately equal in USD worth |
| Stake worth | $900 | $950 | Both are approximately equal in USD worth |
| 100% Upvote value | 0.822 LEO | 0.043 HBD | LEO stake gives more token rewards |
| 100% Upvote worth | $0.07 | $0.043 | LEO stake gives more rewards (USD value) |
| Growth Potential in 2022 | 10x | 3x | Both would hit $1 value in 2022 |
| No. of blockchains linked | 4 | 3 | LEO spreads to more blockchains |
| Staking Returns | 3% APY | 4% APY | LEO gives higher staking returns |
| Curation Returns | 7% APY | 18% APY | LEO gives higher curation returns |
| Possible investment worth in 12 months | $10,980 | $3135 | LEO gives 3x higher staking/curation returns |
From the above, having less than $1k to invest in crypto would fare better to be invested in LEO staking and curation. On the long run, investing in LEO means investing in Hive since the growth of Hive is hinged on the growth of the tokenized communities/tribes within it.
My analysis has it that investing $900 in LEO staking/curation may yield $10,980 in the next 12 months. That sounds unbelievable right? May be or maybe not. It could be worth less and even more than my projection due to the volatility of crypto.
While this is not an investment advice, I have leant by experience how this could be. You need to do your own research too.
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What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Join Hive Here and start a new work!
What is Hive?
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
Let's connect on Twitter
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https://twitter.com/Uyobong3/status/1526708456362848256
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Intresting read its like you are in my mind, but am not having much funds at the moment i will have to DCA on leo
Awesome which ever approach is adopted to stack LEO. The future looks much brighter especially with the value that LeoFinance is continually serving.
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I think you have a typo on the board: Curations rewards are switch around.
Great post, I’ve been investing more and more time and resources into growing my LEO holdings (I will reach 1000 tomorrow)! You just convinced me to put even more effort into it.
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Congratulations on your 1k LEO Power milestone. It's worth a celebration. From 1k to 2k to 3k to 5 to 10k.
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Cool heads-up here. Looking forward to start stacking some LEO and engaging the LeoFinance community note often.
It'll be a great investment decision you shouldn't miss.
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