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LEOM & LEOMM, the forgotten brothers...

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felander
@felander
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With all the dust slowly settling and while we are waiting for the 2nd official launch of WLEO (the little sister??) I thought I would look at the forgotten brothers

LEOM and LEOMM

In my feed @rollandthomas reposted this important post from last year. Back then I got me some of both and even some at the 6 Steem price. But I have never looked any closer at the ROI on those guys.

I own
48.326 LEOMM (x4) 85 LEOM

which adds up to: 193.304 + 85 = 278.304 miners

Those are still available at 2 Hive a piece so that is 556.608 Hive worth of Leo miners

I have been keeping those rewards and have been powering them up mostly.

I did a quick check and those miners have brought an income of 201.517 LEO in the last 3 months. So if we round that down to 200 and go up to the year I am getting an income of 800 LEO per year on 556.608 HIVE value of tokens.

So the big question here is:

What is a Leo token worth?

thanks to @gerber for providing the chart

3 months ago the LEO price was fractions of what it was now. It was roughly 0.2 hive so let's take that as a ballpark price 3 months ago for good measure.

800 LEO x 0.15 = 120 HIVE ---> that makes 21% ROI which is really cool 800 LEO x 0.7 = 560 HIVE ---> that makes 100.6 % ROI which is freaking amazing

As far as I know, the metrics for mining have not changed and will not change in the future but there is no mention of them in the LEO FAQ on leopedia (@khaleelkazi : maybe worth an update as it might boost those sales)

Now this poses a dilemma for me:

  • Take 100% in Staking (good for me)
  • Take 14% in curation (good for community, less for me)
  • Take ??% in Liquidity providing (good for community, unknown for me)

Conclusion for me:

I am by nature a bit lazy what this kind of stuff is concerned and like to automate things and getting that regular LEO in my wallet has been swell. I am defo going to do the LP as I just want to learn a bit more about the whole inner working of DEFI while supporting the LEO and HIVE environment. But I am also going to buy a bunch more miners as I like the daily trickle.

so that is exactly what I just did... Since my original investment already paid off

Posted Using LeoFinance