Cryptocurrency Staking: I'm Staking All My Leo Everyday

This will probably be at least until the end of the year but we will see if circumstances change. But every day I get my Leo it has gone right into the staking pile. I have not even thought about it. Some times I stake it after my post and then realise my vote would have been bigger if I did it before my post so do not make that mistake. I was also buying Leo and staking it with other coins but have found it harder to trade for Hive as the site I used no longer swaps for it so if you know a good multi-chain site please let me know.

More Leo Equals More Leo Or Ethereum

Leo staking means I can earn more Leo for my votes. I am working my ass off on this site to get paid in Leo but on top of that voting helps me to earn more money just for reading content and liking posts. This is activity you should be doing anyway on a site you want to do well on and having more Leo stakes means my votes are not only worth more but I get more curation bonuses which in turn adds to my staked Leo.

The Daily Compound

Daily dividends can really add up. If you take your dividends and compound them you will get a higher return over the year than if you just collected your dividends over the year. Although you get paid 7 days from when your post is created if you post everyday that will be a rolling number so you will get Leo everyday. This means you can stake your leo everyday and watch your voting power rise. When I get on Leo for the day I hit that stake button in my wallet.

How To Stake Leo

it is easy all you need to do is go to your wallet section on Leo and click on stake coin which appears beside the Leo token section. Enter the amount you want to stake and convert it to leo power. You can also buy leo and stake it or earn it by posting and commenting. Your leo power is locked in for a 4 week period which you can take out in chunks of a week at a time when you want to release it.

I will keep staking my Leo and hope to make enough of it before this site takes off. It is in a good position to do so in the next couple of months and although it is a risk like any crypto project, it is one of the projects that I have the most confidence in. Please do your own research before investing and like always only use money that you can afford to lose.

Posted Using LeoFinance ^Beta