I been doing a little catching up on things leo so I appreciate your post. I was advised just a day or two ago to unstake my LEO and sell it because the LEO community decided they are headed to ARB. I started the powerdown but didn't sell. Seems to me that LEO (the Hive-Engine token) will still be a very active ingredient and beneficiary of the Inleo community and the Inleo communities success. I suspect the advice given had good intentions but from your post I see potential for LEO (the hive-engine token) to continue to rise in USD value. I got some thinking to do.
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Thanks, much appreciated.
Tough Question, to me there are a few issues;
Leo 10x recently to 1.2 Hive, and many sold their Leo for profit, and this did drive the price down from that high to 0.6, which is still a 5x return. So if people want to take profits, it seems reasonable.
Second, Leo did rename it's Hive Engine token H-E Leo and renamed it's Arbitrum token the "Native Token". But as you said, the HE Leo token will continue to be used as the reward token on Inleo, and that social platform isn't going away. But it's reward pool isn't feed from token inflation (printing/minting) it's repurchased Leo.
The Arbitrum Leo token, now the Native Token, can make money in USDC from staking it on Leodex, but the APR is unknown, and you will be competing with LeoStrategy's 3 million and growing tokens.
So to me, it's unclear whether moving your Leo to Arbitrum is the right move financially, in terms of maximizing your return.
I have arbitrum leo on cacaoswap in the leo-cacao pool to earn cacao and leo and it has been a small return, but it was more to support the ecosystem then anything.
I will redeploy those tokens to the Leodex for staking soon.
Once again it is unclear if it will earn me much of a return, but I try to support everything Khal does, as being good for the Longterm future of Leo.
Whatever you decide, keeping some or most of your Leo tokens, definitely looks like a good longterm investment.
I appreciate the thoughtful response. I like supporting Inleo as well but I do so within the Hive Blockchain. I currently don't have much time to spare for much else.
The above has me thinking that price wise this is just the beginning. Either way my powerdown has started. I'll keep an eye on the market to see the fluctuations. If there's opportunity to reposition and end up with more LEO then I started with that would be a tempting endeavor.
I think that's a very smart play. I am about to start a Hive powerdown for the same reason. I haven't seen a pop in Hives price for a while, but I am guessing it will be soon and it will be brief, so I am also hoping to be positioned for this price pop, and hopefully I have an opportunity to reposition and end up with more Hive. I hope the probabilities are with us both!
:)