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LEO Health Statistics: Bulk 88.6% of Circulated LEO is held in Stake

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creativevoice
@uyobong
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Recently, I started to making a weekly analysis on the health of LEO token. I missed last week analysis for obvious reasons and couldn't afford to do so this time. Earlier today, we got last week's LeoStats (June 6th to 12th) and it was another wonderful shot by @Dalz.

I'm always keen to see the LeoFinance weekly statistics to monitor the growth of the community as well as the LEO token and perhaps how I contributed to the community growth. This is because if as investors, we are not conscious of the health of our investment, we might be drawing value more than it gains and thus, sustainability would not be attained.

I consider cryptocurrency health indices crucial for any investor or proposed investor. It is important that while profitability is important in every investment, the sustainability of such profit must also be maintained. By sustainability, I mean the value given by a system being ale to satisfy the needs of the present without compromising future value.

In my last analysis, I focused on LEO stake ratio, LeoFinance App Usage and LEO price action, however, this edition seems would have a second part which would be published later in the week with reference to the three indices mentioned above which are directly proportional to users' periodic activities. This piece is primarily concerned with the stake share of the entire LEO in circulation.

Earlier, while going through the new post tab to curate posts, I noticed that about 3,285,513.98 LEO tokens is held in stake out of the entire 4,337,328.48 LEO tokens in circulation. The stake share thus accounts for 88.43% of the tokens in circulation. That percentage looked high and I had to make confirmations with today's Leostats and lo it was accurate.

This calls for a close watch, concerns and study. It is quite amazing to see that only 11% of LEO tokens in circulation are held in liquid form. What can we deduce from these?

WHile I cannot state categorially whther LEO was airdropeed as stake from inception, but I think it wasn't following the statement made by @khaleelkazi in the anniversary post of LeoFinance as captured below:

There haven't been any official airdrops to LEO stakeholders before (just other Hive community-created tokens being airdropped to our community of stakeholders).

From the above statement, it means the 3.8 million tokens have either been earned by content creation or purchased by users from the token market. Certainly, the later would constitute a larger portion of the tokens.

At this point, we are still at the early adoption stage for HIVE and Hive tokens and as new investors come into HIVE, there is a likelihood that only 1% of LEO would be in liquid form in the near future.

LEO token as become a basis for airdropping new Hive-engine tokens as I explained in this post and the value proposition attached to LEO is such that builds the confidence of investors to purchase a large quantity of the token and power them up for improved curation. I am personally joining this league as I am aiming the 50,000 LEO stake mark. Other users have been inspired and are also taking LEO tokens.

One may question why LEO token is bearing. This is just due to the 11% of token in circulation and that bearish market would always be short-lived with the @Leoads account buying up tokens to burn form the market with funds raised from Ad revenue.

With 88% of LEO tokens held in stake, the LEO token would soon become so scarce and this would mean that earning LEO would be the only available option to having access to tokens.

DO something about it now!

Disclaimer: This is not a financial/investment advice. It is just my conviction about LEO token. Always make your personal research before investing in Cryptocurrencies.

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:

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

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