Lights, Camera, LEO!
I have been extremely busy these days and I also dedicated a lot of thoughts to the wLEO launch happening today.
Lots of mixed feelings. But happiness overall, because I'm really confident that we're going to succeed.
Yesterday I was talking with @resiliencia privately.
'It's the first time that I'm involved with a project that EARLY (sub 1M token) and I'm that confident.'
Because yes, it's still early. VERY EARLY. You don't even know how things can quickly go mad (It might be already happening).
Thank god that I staked that PAL and received that LEO airdrop in July of last year! Have been accumulating since then, even in the darkest moments.
Seems that the time to enjoy the rewards is finally coming (hope that lasts please!).
My LEO value already surpassed my HIVE value (which it isn't despicable, btw). Incredible that we're 1:1 with HIVE. Due to the low supply of the LEO token, 1$/LEO or even more is not out of the equation (even in the short term).
If that happens, would be really life-changing for me.
But hey, in the meanwhile...
I doubled down on LEOM
Yesterday some players had a lot of fun with the LEOM and we experienced an insane competition to buy the remaining miners. I knew that @rollandthomas was buying, and I also wanted a bigger slice of the pie.
@jphamer1 bought the remaining 20K LEOM like 10h ago. Congrats man.
Might not be the smartest decision because I'm already very leveraged into the LEO ecosystem, but hey, as a trader I don't have any problem taking 'measured' risks.
Incredible to think that I own ~6,66% of the LEOM supply. Between the top 8 holders, we control 2/3 (~100K LEOM) of the overall supply of LEOM.
Were all long time holders as I know, so these miners won't be seeing the light of the day in huge quantities anytime soon I guess.
Thinking about Uniswap & Liquidity
One of the recurrent questions that I keep asking myself is ''How much liquidity we'll get on launch?''
And given the last news, I think that 100K$ is a very conservative number which would make wonders for us.
Think about that. Currently, a 1000$ buy/sell on hive-engine would be enough to move the price +/-10% (or more). That lack of liquidity scares a lot of potential investors.
Investors want to be able to get in. But more importantly; get out even more easily.
With the upcoming Uniswap launch. Liquidity will be orders of magnitude better. This alone could be enough to justify the beforementioned % 'unrealistic' price of 2$/LEO.
Trust me. I survived the 2017 bubble, I've seen worse things happening.
A liquidity commitment of 10.000$ (17 ETH + 33K LEO).
Somewhat I feel responsible to contribute to the wLEO launch as an early LEO investor. I should (must!) be doing all the humanly possible to help my own investment with the resources available.
And as the subtitle says this is what I'll be doing. On top of the 33K LEO unstacked that I have available, I'll be providing around ~17 ETH as a liquidity provider for as long as I can.
I guess at least 100K$ of initial liquidity is almost guaranteed from the early LEO investors. if you can add some, great, if gas fees eat you alive, check this post from spinvest.
They're providing liquidity from an LEO pool consisting of small and medium LEO users.
Final Words
Just realised that we're only 1h 30' away from 10 A.M. EST.
It's almost the time my lions!
See you on the Ethereum side! Onwards!
You can follow me on Twitter
Posted Using LeoFinance Beta
