In the beginning there was only one: Leo.
- In the beginning we started with just one token: the Leofinance Leo token.
- Now we have four: Leo, W-leo, B-leo and P-leo.
- W-leo, B-leo and P-leo are all NFTS, which represent the value of one Leo token on three different blockchains.
- So it is often asked: What value do these tokens bring to Leo and the Leofinance economy?
The Leo NFT Token family:
Below is a brief, yet main points explanation of the Leofinance NFT tokens in italics.
ETH and W-leo liquidity pair on Uniswap
Uniswap is the largest decentralized exchange in the Ethereum Decentralized Finance Ecosystem.
The Ethereum decentralized finance ecosystem is the largest in all of cryptocurrency.
BNB and Bleo liquidity pair on Cubfinance/PanCake Swap.
PanCake Swap is the biggest decentralized exchange on Binance.
Binance is the second largest decentralized finance ecosystem in all of cryptocurrency.
Matic and P-Leo Liquidity Pair PolyCub/Sushi Swap.
Sushi Swap is the largest decentralized exchange on Polygon
Polygon is the third largest decentralized finance ecosystem in all of cyptocurrency.
These three different blockchains just happen to be the three biggest ecosystems in all of cryptocurrency: Ethereum, Binance and Polygon.
The First value I see is off chain presence and attention.
- These NFTS create a presence of Leofinance off the Hive Blockchain and ecosystem.
- This presence exists on the three major financial ecosystems in cryptocurrency, and has a valuation of over ten million dollars USD.
- This presence advertises Leofinance, and also Hive.
- This is Attention, and in crypto attention pumps up price.
- Meme coins are an extreme examples of how price increases with attention, and also falls without it.
- Some call cryptocurrency an Attention Driven Economy.
The second value I see is scarcity.
- These 3 NFTs Wleo, Bleo and Pleo, each represent the value of one Leo token on these other blockchains.
- But equally importantly each also represents one Leo token taken out of circulation on Hive. (personal communication from Khal the Leofinance creator)
- Therefore the actual number of Leo tokens in circulation on Hive is reduced by the number of Leo NFT tokens on the other blockchains. (Also a personal communication from Khal.)
- So these tokens have created scarcity of Leo tokens on the Hive Blockchain.
- Which by most economic rules of supply and demand, means an increase in the price of the Hive Leo token.
- So even if you don't own any Wleo, Bleo or Pleo, you benefit from it's existence.
The third value I see is the coupling of the price of Leo, to the price of the main tokens of these three ecosystems Ethereum, BNB and Matic.
Liquidity Pairs and increased price of ETH, BNB and Matic causing an increase in the price of the Leo NFT, Wleo, Bleo and Pleo
- In each major decentralized finance ecosystem, a LEO substitute is paired with either ETH, BNB or MATIC.
- These pairs create a sort of price equilibrium between the two assets price.
- When the next bull run hits, the prices of ETH, BNB and Matic will probably rise.
- And because there are liquidity pairs ETH and Wleo, BNB and Bleo, and Matic and Pleo. I expect that the price of WLEO will rise with the price of ETH, The BLEO price will rise with the price of BNB and the Pleo price will rise with the price of Matic.
- These price increases in Wleo, Bleo and Pleo should then cause an increase in the price of Leo.
Past Performance
- Historically speaking, when Leofinance first ventured off the Hive Blockchain, it created WLEO and paired it with Ethereum on Uniswap.
- Then the Bull Market the price of Ethereums from 120 to over 2000.
- WLEO, and LEO price also rose from 10 cents to over 1 dollar.
- This is called past performance, and we all know the familiar statement made by "professional investment advisors" : Past Performance is not Predictive of Future Peformance.
- And then they proceed to show us past performance, and that causes us to invest now, thinking we will see similar gains.
- So this isn't guaranteed.
Last Words
- This are some of the reasons I am bullish about these tokens, and there are others.
- In the case of Leofinance I like all the improvements on the Leofinance.io site, speed, stability and chnaged appearance. Plus other innovations like Threads, Communities, Leotalk, LeoPower Up Day, the Leofinance Round table, LeoTV, and Chain Talk.
- These innovations improve speed, reduce complexity, increase utility, and create a smoother path for adoption by newbies.
- And in my humble opinion :), they all represent increased value.
Don't forget this historical moment...
- When Binance stopped withdrawals and sales of Hive and HBD, after the hardfork last week, noone could exchange or sell Hive or HBD, on Binance.
- Binance is the worlds largest cryptocurrency exchange, and the exchange used by a huge percentage of the Hive Community.
- But everyone on Hive could sell Hive and HBD on Cubfinance or on Polycub.
- This was a historic moment when Hive and HBD could be converted to other stable coins like BUSD and USDC in a location outside of a centralized exchanges.
- Then you could easily transfer your BUSD or USDC to Binance or another exchange, convert it to cash, and you could pay for your daily needs: food, water and shelter.
- This was a truly liberating moment, and some of you might have missed it!
- Knowledge is like a Super Power, it allows us to convert words, pictures and ideas into cash.
- And thats a Super Power I want to develop.
:)
@shortsegments
About @shortsegments
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance for over four years.
He is also a project builder, with two current projects:
- No Loss lottery, a prize linked savings account here on Hive, which awards more the 100 Leo in prizes weekly, and which recent surpassed 5000 tickets sold. @nolosslottery
- Easy DeFi, which provides decentralized finance as a service: a two step process for investment into decentralized finance, which allows investors to bypass the complexity of the usual 10-12 step processes which are necessary to invest in decentralized finance. EasyDefi features investment pools on Cubfinance on the Binance Smart Chain blockchain, or PolyCub on Polygon. Pool members can invest Leo, Hive, HBD or SPS. Learn more here
.
Leofinance, where you can blog or share financial topic content to earn cryptocurrency, as part of a passionate social media community.
GIF created by @mariosfame
Learn more about Leofinance
- You can read my Seven Minute Quick overview and QuickStart Earning Guide.
Click Here
Join Leofinance: It's easy and free!
- It's easy to join leofinance and it's free!
- You can join the Leofinance Community using Facebook!
- This video by @anomadsoul will help: How to make a Leo Finance account using Facebook-Tutorial
Other posts about Leofinance
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
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Great post, can't wait to see how it will change in future!
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Thanks!
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Great intro, but I don't think that's what NFT means. Basically x-Leos are just wrapped version of Leo on other chains and they are all FT - fungible, that is.
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Thank you for your comment. What is your Avatar? What collection is it from?
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You're welcome.
My Avatar? It's Hive Punk. Join us! It's fun. 😄
https://punks.usehive.com/
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You are welcome @shortsegments, that's with pleasure! We wish you a happy buzzy week 😊👍🐝
I think there are quite a few people sad about the price but I think LEO continues to develop and the access to liquidity pools helps expand LEO to more people than just Hive. However, it doesn't look like there are many people using the platform outside of HBD/Hive so it might require some other pools to get more outreach.
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I agree there are many people sad about the price of Leo. I understand their disappointment, and remind myself we are paid in Leo, not dollars, so our earnings have not gone down, in fact during a bear market there is less competition for blogging rewards, so we can actually earn more. As a longterm investor I am optimistic that the price will rise again, giving me the opportuity to store my earnings during the next bull market as stables, so I can earn on stable coin pair LP pairs and generate a second stream of income. Until then I stack and accumulate Leo.
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