When I first starting posting on LeoFinance about 6 weeks ago I noticed the abundance of whale accounts voting for content. This was a far cry of what I've seen in steemit and honestly that was the downfall of the platform long before Justin Sun got ahold of it.
Distributing wealth is an important aspect of any growing economy and people on Leofinance understand that this cannot grow without an excited userbase.
Getting one of those fat votes is pretty exciting when you're a content creator and early on a received a couple of them. I decided to power up all of those votes to grow my stake and become a curator of sorts.
I have set some goals for myself and I'm almost to my second one which will be 4000 leo power between my main account here, and my curation account @tulwave. I'm about 50ish Leo away.
The combined value of a 100% of my vote from both accounts is worth about .35 leo and I am to get that up to about .5 leo soon.
Paying it forward from the votes I received is my personal plan because of I believe that Return on Community (ROC) is greater than Return on Investment (ROI) when trying to build.
It's obvious that staking Leo will lead to personal gains for those who do it but I feel like it's really important for people to take their votes from high-value accounts and pay it forward through staking.
The whales can't curate for ever and it is up to the emerging middle class to help grow and support leofinance. So, are you staking the big votes you receive on your content? I'd love to hear your plan in the comments
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Currently, I am staking all of my LEO tokens but may start to move a few of them into LBI tokens to build a slightly bigger position. I also set my LEO multiplier to 2x so when I vote with 50% normally, it votes 100% of my LP for LEO content.
Posted Using LeoFinance Beta
I wasn't able to get my multiplier to work so I am careful with my votes with this account. That's the main reason I started my @tulwave curation account. 100% votes don't mess me up lol
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I followed the instructions at this post. The only thing that didn't appear right was that the multiplier number they said in LeoDex was always 1. However, when you actually use the voting bar in LEO, it does use 2x for LP.
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I'm staking every LEO I get.. but since I've never received a whale upvote I don't know what I'd do.
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go follow all the Toruks and interact with them
I get a decent upvote once in a while
it helps if you can make good content (i'm severly lacking in this department)
https://leofinance.io/@leofinance/leo-authors-are-the-most-rewarded-users-on-hive-or-december-author-reward-leaderboard-dev-updates
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I post once a week lol.. and it's not even that good of a post. I pass out my whale upvote on Weedcash.network
this
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I have also started my career to become a little curator in Leo, I give out several little votes worth .03 Leo but I plan to increase my power with the rewards I receive and buy Leo little by little with the profits from my investments in games.
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I'm doing 50/50 powerup/get more lbi-token
although i heard lbi-token might be getting more expensive after January - so i might just go 100% get more lbi
my 100% upvote worth about .03 leo - that's pretty good i guess since i started at 0
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damn!! good job man!
My goal, for now, is to reach 2k and i basically stake everything i earn :P
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Spot on!
This is why I've been so vocal about strengthening the community, building a middle class and having a strong foundation to build upon. Those juicy, fat and tasty upvotes, especially during times like this when the tokens are valued a great deal compared to just a few weeks back, is vital for growth. Both your personal one, but also the entire community, because a handful of whales won't be able to curate forever.
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