Posts

LPUD - The different methods I used to save up 200 LEO for LPUD

avatar of @hoosie
25
Hoosie
@hoosie
·
·
0 views
·
3 min read

I've been quite excited about LPUD since it got announced by @leogrowth around a week and a half ago. I had just actually staked all of the liquid LEO I had (not much) so immediately needed to start working on finding another 200 straight away. I guess 200 LEO does not seem a lot, but to date, I had only accumulated 104 (all staked), so it seemed a lot to me.

[picture of a fence post at the reservoir above Edinburgh - just to spice up this post, with a post]

So I did a bit of research into what methods I could use to start accumulating LEO between then and now with the aim of having 200 LEO ready for the 15th of June. And I'm nearly there - I'm sitting at 187.025 - with a known further authors reward of 7.665 LEO to drop, along with a few other drips tomorrow. I'll then just buy the small reminder needed from the market.

So the following table presents the methods used, and how they performed:

Details - In total it represents 188LEO:

  • I was never going to get all of that from passive gains or authoring in the time scale, so the most obvious method was market purchases - where I bought a total of 153. Its worth noting that I bought early when LPUD was not quite affecting price. I could buy at 0.149, and thats now gone up to 0.156.
  • The next biggest income was from curation and post rewards from #leofinance with a total of 25 LEO gained, with another 7+ in hand ready to drop tomorrow. I had 2 decent posts in that time, and made quite a few comments - so projecting forward over a month, this would be a good method for me, also noting that when I stake what I have tomorrow, it will help my curation rewards further.
  • 3rd was 7.4 LEO from HP delegation to @leo.voter. I started out with a 370 HP delegation and kept increasing it, ending with 624 delegation tonight - and that has brought in a small but steady amount each day,
  • Next were two competitions I entered that earned me 1 LEO each - it all adds up ! One was via Beer Saturday, and the other was a Rising Star giveaway.
  • Next was 0.268 LEO for the 104.215 LEO I had staked, which I delegated to @leo.curator.
  • Second last was 0.015 LEO gained from my 676 LOLZ holdings - LOLZ pays out LEO once a week (tuesdays) to anyone holding more than 512 LOLZ.
  • And last was 0.001 LEO of passive gains from my 11.1INDEX holding.

So thats quite a few methods, with 34.5 LEO earned through non-purchase routes. I would like to think that I can gain the 200 LEO needed totally through non-purchase routes in the future, hence why I wanted to track which methods worked best.

I also used a 7 day average income (excluding purchases) indicator to asses how my income changed over the period, with a projected figure of what that would give monthly if I could maintain that. And you can see that was growing quite nicely and if I can keep the momentum I've got going, I should be able to get around 133 LEO without purchases towards the next LPUD - as long as I keep up my #leofinance posting and commenting activity. And with a bit of work, I can probably beat that.

In Summary

  • I've will have the funds needed for LPUD - woo hoo !
  • It looks like gaining 200+ LEO monthly via non-purchasing methods is quite achievable, particularly with good #leofinance interaction, and a bit of delegation.

[The first picture I posted on HIVE (I think) of a paddleboarder at sunset of the coast of Fife]

So I'm excited for LPUD, and will be having fingers, etc crossed for landing one of the big prizes - but I'm sure a ton of people will be in for it - so we'll see what happens. However its a great initiative for both LEO, and any individuals who get involved - best of luck everyone !!!!! Only one sleep until LPUD !

Posted Using LeoFinance Beta