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Pay Attention To The Secondary Layer Tokens

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@cryptoandcoffee
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3 min read

Quite honestly this seems like no value considering the time spent building the secondary tokens as this represents years of work. My Hive wallet has more than 14 x more value and why I think we tend to neglect what the tribe tokens value represents.

The last time Hive achieved its ATH of $3.41 I was blown away not only by my Hive wallet value, but also the value in my Leodex wallet. The normal $2.5K was now over $30K and kind of took on a more important role. Up till that point I had not paid that much attention to the tribal tokens and this is how we underestimate the values we see. Hive doing a $5 on the next run would put a Leodex wallet value up by around 20 x so in my case possibly close to $50K which doesn't seem real,but is.

I know Leofinance has a big promotion on trying to get stakers to double their stakes over the course of the next 12 months and I am not saying it isn't possible, but is worth a shot. There is nothing to lose by trying as at the end of the day everyone benefits through your actions.

I finished the year on 15K Leo and now need to target another 15K knowing the first 15K took just over 2 years to accumulate. Is it possible I don't know as there are so many good things around on Hive like HBD offering a 20% APR.

The problem with everyone staking is the value of your curation keeps dropping so the initial target of having 1 Leo value per vote has been eroded away and now sits at 0.6 Leo per 100% vote. This would return in the region of 3 Leo per day instead of the planned 5.

I think you just have to take it month by month to see how close one can get and my initial hope is to achieve in the region of 900 Leo per month which will get me nearly 80% of the way to the 30K target. averaging 30 Leo per day is a tall target as this is not something you can say with any certainty if this will be possible or not. You are relying on receiving support to achieve targets and why I don't really partake in these types of challenges.

All one can do is try their best and try and get as close as possible or possibly surpass the targets. I would have been comfortable with a 50% increase in stake so a 100% increase is way out there.

This all being said is at the end of the day doubling your tribal tokens is only going to benefit yourself and the others in those tribes long term as you are now offering more support through your vote values.

Someone who is dedicated and consistent over the next 5 years could easily have a $100K value just in the Leodex wallet. This is kind of crazy to even contemplate but we have to have an open mind to see the possibilities. When Hive takes off like we all expect it too at some point further down the line these numbers could seriously increase very quickly.

The problem we all can see with many tribal tokens is the liquidity as on some if you tried to sell you would just crash the tribes value. The hope is in 5 years from now that may all change and the numbers of users would have increased making for a more stable environment. If it doesn't that is ok with me too as we are all supporting each other anyway. Not all will succeed whilst others flourish and gain more value.

Posted Using LeoFinance Beta

Posted Using LeoFinance Beta

Posted Using LeoFinance Beta