Leo vs. The "Other" Community Hive-Engine Token
If you're trading on Hive-Engine or the LeoDEX, then you may be seeing the rise in Leo's price and wondering a few things...
Personally, I wondered what is driving LEO's price to understand whether it was stable because LEO's price makes their MC vastly apart from the next ScotTribe token; e.g. LEO is 200k MC vs NEOXAG is 22k MC. Usually I would immediately assume I missed the opportunity since LEO has seen about a 4x increase in price over the past month, so I would focus on a different token to catch the next 4x.
But first, I needed to understand why Leo is rising in the first place...
While researching Leo I found their community has a means to generate revenue outside of the standard scot-tribe / hive model which is basically curation rewards: i.e. staking tokens and earning about 20% of the native token (hive or the scot-tribe token). While this sounds like it may be common, in the Hive world it's not the case and LEO is the first to add value outside the standard Hive Curation Reward Model.
Driving Forces of LEO
Obviously one key driver of Leo's recent price increase is easy and almost any follower of bitcoin or altcoin markets understand - FOMO!
The other doesn't stand out as much, and those are the ad generating tools from the developers of the Leo team. I think their is confidence within Leo's community if the further enhancement of popularity of these tools. This is the most interesting thing about some of the Hive communities, is not all communities are created equal and that often times starts with the community leaders continuing to focus on adding value to their base. So within the ad model itself, it establishes a great sense of confidence among the Leo community making them more likely to stake to earn more Leo over time, especially since it feels like gold now!
Leo Tools - Ad Generation
Source: Hivestats.io
The proof is in the pudding, one of Leo's front-running tools Hivestate.io is constantly growing in site visits meaning more ad generation for the Leo team to use for burning Leo to help drive the price up!
The growth of this tool and the developer behind it is monitoring the site closely, making upgrades and creating additional features to enhance the experience of all Hive users - check out how the official update on Hivestats
Unlike other scot-tribe tokens, Leo is burning their tokens from the ad revenue their tools generate. Unless I am missing something, I do not see that with any other community, their only source of revenue is interest in the type of content the community focuses on. While I think that is great, I think Leo has a more value added proposition to Hive.
Untapped Potential
The way I see it, Leo has introduced the idea of having outside tools that generate revenue to bring value to Leo. What's cool about that, is this opens the door for any high staking member of the Leo community to build something and offer it to Leo for Leo rewards.
It's because the various tools Leo has developed are not only useful the Leo community but all Hive users that what make Leo so value. I think Leo is paving the way for an idea that can apply outside of Hive, meaning a tool someone in the Leo community may create that offers use and would be popular among the general public, the revenue from the ads would be used to reward back the creator in the form of Leo as well as burning some to give back value to all of the Leo holders!
In conclusion... I don't think even now LEO overpriced, because of their tools being able to grow it's site visitors and ad revenue - only time will tell what the ceiling of Leo's market cap will be! I am hesitant at buying at these prices so I am hopeful for a dip in Leo's price back to around .18 or under, I am staking all my Hive Power to @leo.voter to earn as much Leo as I can for free!
THANK YOU READERS, COMMENTATORS & UP-VOTERS of my Posts!
I'd really like to express my appreciation to the Leo community members who have been reading, commenting and up-voting my posts. The engagement from you all are really what is driving my newfound passion for Leo. Not to mention, your support is helping me to reach my goal of getting 10k Leo in a year! I hope to continue to grow with all my fellow Leo community members.
Also - look for me on DCity!
About The Leo Community
The Leo community is full of passionate bloggers, entrepreneurs, investors who are primarily interested in finance and investing. Much of the content published by Leo community member's focuses primarily on blockchain and other news associated with trends in the market, technology updates, technical and fundamental analysis.
Be on the lookout for updates from Leo community leaders because they will provide the latest updates and upgrades to their native Leo token, improvements to their tools, and updates to the overall community. Being active in Leo allows community members additional means to maximize their social blockchain experience by engaging directly with a niche community that is welcome to new active users of their site and tags to earn themselves some Leo tokens!
Remember you receive additional author + curator rewards by posting on Leo's platform directly. Many other Leo community, myself included appreciate when you do post on the Leo platform because using this along with the other awesome Leo tools like, Hivestats.io, LeoPedia.io and the Hive Exchange with the lowest transaction fees LeoDEX because the use of these sites contribute directly to the overall wealth of the Leo community since the ad revenue Leo generates buys back and burns Leo!
If you're the author or curator of a lot of content relating to investing, passive income streams, business ideas, entrepreneurship or any other blockchain news then the the Leo community is an excellent place for you to add to your check-in schedule.
Posted Using LeoFinance
This is a solid presentation @Cryptoknight12.
While FOMO is a crucial way to price up cryptocurrencies, I would say that the growth of LeoFinance community is organic with awesome creations like the hivestats.io which is a crucial addition to Hive.
I do not think LEO could dip anytime soon except for a sharp pump in Hive. In all, I wish you the best.
Posted Using LeoFinance
Thanks @uyobong! I am glad to hear you like the post! Seems only fair to make more quality content when I post on Leo since I've been getting amazing rewards too!
It's crazy how small the community of Leo still is though, there is so much more room and I think a ton of people into crypto are going to find Leo that never used Hive and become active Leo users!
Thanks again and wish you the best as well my friend.
Posted Using LeoFinance