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Did I tell you that my LEO Upvote is worth $0.2? ... Equivalent to what a 12k HP gives

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creativevoice
@uyobong
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3 min read

HIVE is awesomely endowed with specialties that will make it compete favourably with Bitcoin and Ethereum in the future. In the real sense, HIVE is everyone's bitcoin owing to the fact that it is presently very affordable by humans even in the poverty stricken areas of the world. Everyday, there is addition in development on the Hive blockchain and we either new DApps or existing ones updated to cater for business and tech needs all over the world.

There is one feature of the HIVE blockchain that everyone is eagerly anticipating, and that is the Smart Media Tokens (SMTs) or we say Hive Media Tokens (HMTs) which seeks to help communities to monetize their activities. A shadow of the essence of SMTs is the Hive-engine (H-E) tokens which has been in place for the past one year with awesome revolutions.

Some H-E tokens have been used to power nitrous websites built on the side chain and interacting with the Hive blockchain such as the https://leofinance.io, https://www.sportstalksocial.com, https://hivelist.org, et; others are used as collateral given out by investment minded communities to their investors such as the SPI and BRO tokens. I am anticipating more usecases in the near future and innovation is always seen here.

Of all the uses cases available so far for H-E tokens, their usage for curation in the nitrous websites that affords content creators an extra cryptocurrency reward in addition to HIVE has been the aspect I have so benefitted from in the last few months. This implies buying some of the tokensin LeoDex or Hive-engine and staking them (just as HIVE), then being credited with some power to mine smaller quantities of the tokens in upvotes.

LEO token has been one of my frontier tokens which I have been able to hodl about 28,500 in stake. This amount of LEO staked affords me to give out upvotes to posts created via https://leofinance.io/ to the tune of 5.8 LEO in full voting power. I have found out recently that carrying out curation with LEO alongside other Hive tokens seems more profitable than with HIVE.

Presently, the 28,500 is worth $969 while the upvote of 5.8 LEO is worth $0.2. This amount of upvote is comparable to that that can be given out by a Hive account holding 12,000 Hive Power in stake. Interestingly, 12,000 Hive Power is worth $2,820 which is about three times the worth of my LEO stake. This simply means that with LEO stake, a lesser investment yields three times as much returns as its equivalent in HIVE would.

This is really the purpose that HIVE is meant to serve and only a few are aware of this development. Hive is meant to serve a central purpose of linking investors to other community tokens. This is how we'll make HIVE to serve as everyone's Bitcoin.

Truth is that it is easier to grow with viable H-E tokens. @Taskmaster4450le has been attempting to categorize LEO stakes in this post. Read up and get informed.

It can only get better!

You don't have a Hive account yet? SIGNUP HERE

Meanwhile, I'll be glad to curate a fresh #leofinance content published from the https://leofinance.io interface. The post must not be older than mine. Feel free to submit the post link to the comments section of this post and consider adhering to the #posh rule. Already, I have made a couple of guide posts to help you create acceptable leofinance posts seamlessly:

Know the LeoFinance Ecosystem

https://leofinance.io is an online community for crypto & finance content creators, powered by Hive and the LEO token economy.

Posted Using LeoFinance