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4 years ago in LeoFinance by bitcoinflood (79)
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Nice guide :)
I prefer doing it on https://leodex.io 😉
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Can you buy the LEOM and LEOMM from Leodex.io ? I didn't think you could.
LeoDex.io is a UI for Hive-Engine ( a much better one IMO). You can trade any token on hive engine through it by clicking on the token drop down. It defaults to LEO, just click on the box and search/filter for the token you want
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Oh sweet didn't know that! I thought it was it's own thing.
Let me pull some new screenshots here within the hour and I'll edit the post to reference https://leodex.io/
For sure :)
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Great post,
People have no idea if miners tokens are profitable are not. They do no not think to convert the HIVE price on the exchange into LEO. This is the easiest way to know if miners to priced high are low.
eg, 1 MINER produces an APR of 40-50% in terms of LEO if bought for 3 LEO. 3 LEO is my buying price for miners, it will take 2-2.5 years to get back investment. So, if the miner token is for sale on the exchange for 15 HIVE and LEO is 3 HIVE, then the miner is overpriced as it will cost the same as 5 LEO.
Anyways, that's how I work out of it a good are bad buy at the time. Remove HIVE and price you buy in LEO, makes way easier to work out ROI as rewards are LEO and sort of consistent over long periods of time.
My 2 cents
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Good stuff, I also came up with about 2 or 2.5 years. But also if the token becomes more valuable you can calculate that in. Another thing that speeds it up to faster than 2 or 2.5 years is that LEO that was just mined if you stake it and curate you now earning on top of that.
Wow, I need to try this, but first I will need to gather some Leo token. Thanks for sharing.
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Be consistent that in a few months it will have good results.
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Thanks a lot for this explanation.
I've been thinking about what LEOM and LEOMM have been several times. Now I've learned what they are for and how they should be used.
Thanks you so much.
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LeoFinance provides us with several forms of earnings. Just look at the best alternative for our strategy.
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I am thinking of buying them . Right now it might seem pricey but when LEO reaches 5$ ( I believe it will ) even if I get LEO from Miners once in 10 days I would be happy .
Also you could have mentioned that 30 miners is randomly picked per hour to distribute the LEO .
I currently hold only STEMM . Will be nice to add LEOM to it.
!WINE
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0.100 WINECheers, @amr008 You Successfully Shared With @bitcoinflood.
You Earned 0.100 WINE As Curation Reward.
You Utilized 1/3 Successful Calls.
WINE Current Market Price : 0.600 HIVE
Good piece of information thank you!
This is an excellent article. I didn't even know that this existed!
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Glad I could help :)
Awesome post.
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Thanks! Looking to help people understand more about the platform and invest
Thanks for the great article.
I purchased 1 Leo Miner to try it all out as I was still confused but your post today has very much helped and because of that I will likely Invest in more miners soon.
thanks again for the fantastic article.
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Awesome! Make sure you staked it if you haven't already. Glad I could help out
I hope that new users can understand this LEO ecosystem more and your post is a great alternative to that. Congratulations for your work.
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Thanks! Looking to educate people so they stick around longer and invest as well as helping onboard new investors
Thanks for the explanation. I actually enquired about the miners on the discord room some days ago.
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Hope this has answered your question if not feel to ask again in Discord there's a lot of great people on there.
Absolutely. This is exactly what I wanted to know
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Well written. Have a q tho, when renting a miner do you actually rent a hardware or a software? If doing so, does it increase decentralization?
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This all makes sense. But what doesn't make sense to me is why LEOMM is 10x as expensive on the Hive Engine as LEOM. It just seems very strange!
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I bought mine in the beginning and they have long since paid for themselves... especially in Hive and dollar terms.
As with anything that is working out, I wish I had bought more
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