I just staked 1460 Leo and here's why I'm not crazy for doing it
First of all, this isn't the first time that my Leo wallet held some stake because my account was one of the lucky ones that got an airdrop when Leo went live. If I remember correctly, I got 1800 LP which I got for staking some PAL tokens several moons ago.
During that time, Palnet is a clone of Steemit. All Steemit users were airdropped with PAL tokens that are equivalent to their SP. The difference in the distribution of stake is that there was a cap for the airdropped tokens (no whale account during the inception of Palnet) and the pre-mine Steem was also removed from the circulation.
What Leofinance steemleo did during the airdrop of Leo stakes is to take into consideration the way Pal recipients have done to their airdropped stakes. Leofinance made a smart move to airdrop the tokens to the ones who were holding Pal stakes in their wallet and not to those who dumped their Pal tokens. I held my Pal stakes during that time... lucky me.
Things went messy when multiple tribes were created one after the other and before you know it you have more tokens than you can handle. I had a hard time dealing with each and every free token I got until I made a hard decision to simply sell them in the market. To be honest most of them were going downhill which forced me to just swap them for steemhive.
Since then I never looked back until recently when I'm seeing more and more posts about Leofinance on the Trending page.
It got me curious and eager to learn about the progress that happened in the past months.
Upon navigating through the revamped Leofinance site, I was impressed with the UI and the engagement of the community. It's buzzing with a variety of interesting finance-related content. It's where I learned about SPI, LBI, and some other types of profit yielding tokens.
In the past 2 weeks, I post some content that was warmly welcomed by the Leofinance community. I even got the attention of a Leo whale (onealfa) who gave me a generous upvote to one of my posts. I also tried engaging with other Leofinance users and made some comments on their posts. I was also welcomed decently in the form of meaningful replies and generous upvotes as well.
It's a totally different steemleoLeofinance environment.
At this point, I'm almost convinced that I wanted to take part in it. The only reason why I was holding back is the fact that Leo is much more expensive than Hive. In my mind, I thought I might de-value my Hive if I convert to Leo at a 2:1 rate. I just can't accept that I sold my Leo at a much cheaper rate back then.
For days I was doing some thinking and weighing of pros and cons until I read another post by @leofinance about LeoInfra V2: Onboarding to Hive Made Easy | Twitter Lite Accounts
Learning about the clever solution of onboarding new users in the most convenient way has totally convinced me that Leofinance is on the right track for success. In a few days or weeks from now, there will be more users joining this community, and the demand for Leo tokens will outweigh the current supply.
*Immediately, I swap 3000 Hive for 1460 Leo and staked all of it!
Didn't bother to think twice ;)*
The release of LeoInfra V2 is just the beginning of Leofinance reaching new heights. If you read the post, the Leo team has stated a teaser about the upcoming 2021 Roadmap.
excerpt from the post
Based on my readings of other posts this is a team that has a clear vision and determination to deliver. A team that can be trusted.
And so that's how I convinced myself that it's not too late to join this community and bought back my previous stake at a much higher price than before.
Something tells me that Leofinance will keep rising until it achieves the ultimate success.
Cheers!
Posted Using LeoFinance Beta
