My First Month Experience On LeoFinance!
It's been over a month since I made this account on Hive & Joined LeoFinance. I learned so much in a short span of time, it's more than incredible if it is. My passion for Finance & Crypto has grown ever since. I am amazed by the simple yet powerful ways to make money on these platforms. I have found Hive to be a very rich ecosystem with LeoFinance being one of the many major stakeholders in terms of capital & engagement. I can safely call LeoFinance the 'bitcoin' of Hive. That's I am personal opinion and it's highly biased since I have not explored much of Hive beyond Leo Finance.
My first week on the platform was pretty sweet. ๐ I started getting deep into the ecosystem and found my way through it. You can check out my experience in this post.
My Leo/Hive Stats ๐
These numbers were taken before writing this blog:
- I made 22 posts and 491 comments totaling 437.36 in LEO rewards. (50% Author + 50% Curator)
- Total Leo Power: 323.005
- At the current price of 0.94 USD per LEO, 100% of my vote is worth $0.02 - $0.03
- Total Hive Power: 2,872.419 [91.506 + 2,780.913(Delegated)]
- At the current price of 0.7 USD per LEO, 100% of my vote is worth $0.14
- Reputation score: 57.4
- No of followers: 39
I am buying more LEO tokens with my own money every month. My income is unstable, some months are dry & some are green. I am passing on a portion of green towards LEO. Apart from this I am planning to create lots of content and curate more than that. I want to reach a mark of 5000 LP at least by the end of this year, maybe. ๐ค
Thank You @Wiseagent ๐
I want to take this opportunity to thank one of my first supporters on the platform - @wiseagent. I took part in one of his contents and won 250 LEO Delegation for 15 days. As a part of the contest, all new users of Leo Finance had to answer - "Why Do I Deserve To Win A Leo Power Delegation?" You can check out my response here. This was also the first contest I won on the blockchain hence a very special event for me. Thank you so much @wisegent for the support, it means a lot.
Other Contests ๐
So far I have won all the contests where I participated. This is such a cool thing that could happen to a new account. It helps you grow at a much faster pace.
Thank you so much both of you guys. ๐ It was so fun participating and the wins were cherries on the cake. Please keep them coming.
My Pot Is Growing ๐ค
I cannot believe my eyes that my pot on Hive-Engine has grown close to $900 in total. Almost half of it is my own investment. My pot has doubled due to the price rise, dividends, and author/curation rewards. Never in my life, I have seen my investment growing this fast. Maybe I joined at the right time. I feel the iron is hot, so I am going to forge!
When it comes to passive income, there are a few assets or services (on Hive Engine) you can invest in and compound your earnings in the long run. If you are a newbie on Hive or Leo Finance, you must check out these:
Dividend Tokens
The most rewarding crypto-asset anyone can buy. They give you daily or weekly dividends in the form of other Hive-Engine Tokens or Liquid Hive. Some of my favorite Dividend Tokens are:
- BRO
- DHEDGE
- INDEX
- UTOPIS
- EDS
I have personally invested in all of them and noticed steady growth since day one. They increase your pot and compound on autopilot. There are other tokens too, please let me know in the comments if you know any good ones.
LBI
Leo Backed Investments (@lbi-token) is a crypto-based Hedge Fund where anyone can buy LBI Tokens with their LEOs at a fixed price or directly buy from the market. Over time, the price of the LBI token will rise since the project will be investing in various opportunities on and off Hive. While a traditional hedge fund has a timelock restriction, LBI can be sold on the open market at any given point in time. Get more info at : .
I already own more than 100 LBI tokens and slowly growing my investment as and when my pocket allows. My target is to acquire 1000 LBI in total in the next 5 months.
BroFi
BroFi is an on-chain DeFi project by The Mancave Project (By @raymondspeaks). You can simply delegate Hive or any other tribe Token to @brofi to get daily BRO drips. With this, you can easily go full circle because BRO will give you more dividends and you can stake those dividends to delegate more to @brofi. It can be visualized through this diagram:
Toruk's ๐ฏ% bomb
Don't you feel happy & excited when your work is supported by a whale? Well, I do. @onealfa (alt:@onealfa.leo) aka Toruk is the largest whale on Leo Finance and his upvote can give you a dopamine rush. Recently he visited my profile and gave some Toruk's Love. It was crazy when I saw all of that in the morning. ๐คช 7 Reasons To Invest In Cub Finance - This post got the 100% bomb + reblog + promotion. How cool is that! Thank you so much @onealfa, it means a lot. You are doing a great job in supporting a wide range of community members.
Engagement ๐ค
My engagement on the platform has grown since I joined a month ago. In the last week's LeoFinance Engagement Report by @abh12345, I was at the 13th spot. My spot has seen an upward trend every week. In the first week itself, I learned the importance of commenting. I have been trying to follow the path of @nathanmars, @taskmaster4450 & @amr008. Got the chance to interact with all three of them on Leo Finance & briefly on Twitter. Thanks for the inspiration guys.
So far, I have followed 105 accounts and I try my best to interact with them on their posts. All these people also encourage me to engage more in the community to reap maximum benefits. The engagement has been rewarding to me in terms of visibility. It is motivating when people start to recognize and appreciate your efforts. And in the process, you learn a lot. Got most of my questions answered just by asking the right people. When you engage, the community responds.
I am Looking forward to talking to many more of you brilliant people. Here to make friends and collaborate. So if you like this post, don't forget to say 'Hi' or post memes. Love them. ๐
Posted Using LeoFinance Beta
