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Leo up 59% on the back of wLEO announcement. Interesting times ahead.

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@niallon11
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As one of the top performing teams developing on the hive blockchain it comes as no surprise that they are following in the successful footsteps of wHIVE and creating an ETH pair for defi and opening onto other exchanges. Considering that they have already expanded their offering from a simple tribe to an all encompassing front-end and community. Provide analytics and a valuable token pair as well as constant development and updates. You can see why people are backing this latest revelation with their money.

One problem that we have with LEO (which has been outlined by community members like @edicted) is that we actually have a lack of liquid LEO tokens. Our community is a community of deeply entrenched HODLers. As you can see on the latest @leo.stats report, about 90% of all LEO tokens in circulation are actually powered up and therefore, not currently available for providing liquidity to protocols like Uniswap.

While I don't know much about Defi and how they will go about all of this. I do know about good development work which they have shown in spades for the past year. Strong and consistent development. That speaks very loudly to me.

Always do your own research before investing in any token. These are my opinions and not financial advice.

This will be very interesting to watch and an interesting experiment in hive trading pairs. To see if they can create a more valuable token by trading off chain and adding liquidity to #leo. Also an opportunity to show what can be built on HIVE with it's fast free transactions. Being able to show that using HIVE as a base layer won't limit your reach or potential but can actually use it to your advantage in growing out a project.

Posted Using LeoFinance