You are viewing a single comment's thread from:

RE: Update On Leo Power Needed Per "Rank"

in LeoFinance5 years ago

I want to disagree with your calculated numbers for LEO ranks.
I see you have used the TOTAL Leo quantity, which also includes BURNED tokens, and maybe even some other types (stolen?)
To me it seems more logical to use CIRCULATING supply qty, which for today is 6.345 mln
So the numbers for today looks like this:

If someone disagree with me, I would be glad to hear your arguments 😃

Happy Xmas !

Posted Using LeoFinance Beta

Sort:  

Yes I've used the total amount so 6.745 Million from the screenshot below taken from today (26th December 2020) on Hive-Engine:

image.png

When I put in the Circulating supply (6.346 million), I get exactly the same as your figures so at least we are using the same method to get there by the looks of it!

I use the "total supply" as I think that is all the printed tokens regardless of being burned, lost, stolen etc so you have the whole figure (a bit like with BTC as there'll only be a certain amount printed and some coins will forever be lost)?

But hey, if it lowers the level to get to Lion and everyone agrees with it then I'll happily alter my calcs to just consider the circulating supply! I'll still be buying LEO daily and topping up my stake for the long haul in any case!

It will be good to know what the differences are between "circulating supply" and "total supply" though for clarity for my update next month - still trying to understand things myself :)

Merry Christmas to you too man, hope you're OK!

Posted Using LeoFinance Beta