What is wLEO? LP on UniSwap Yes oR No - 10K LEO tokens GOAL...

Hey All;

In this post, I'm going to talk all about wLEO and share my views if I'm providing LP i.e. liquidity pool on UniSwap or Not. In case you are not aware there are 300K LEO tokens going to be AirDropped to LP's over the next 90 days.

First thing FIRST;

What is wLEO?

wLEO is also known as wrapped LEO and its an ERC20 token that can be traded on exchanges where it gets listed. Currently, UniSwap is the place where you can easily trade wLEO with ETH. Also if you provide LP for wLEO you will be eligible for the AirDrop of LEO tokens. Details with respect to the AirDrop/incentive program can be found Here

So in very simple words when a person converts his/her LEO tokens to ERC20 compatible LEO tokens its called wLEO or wrapped LEO.

Providing Liquidity?

The next big question that comes is that; if I'm planning to provide a liquidity pool or not on UniSwap. Before I answer this question I would say that it depends on person to person perspective and what their investment goal and how they want to leverage it to their advantage. And quite obvious the risk appetite of the investor is also considered.

If I talk especially for myself self then I've been building up my LEO tokens profile. From zero to now 5.3K+ in a week's time. 3 days back I made a post around buying LEO with 3K+ HIVE tokens. Buying LEO Tokens Worth 3K+ HIVE

From the above image, you can clearly see that I entered at around 0.8 per LEO, and now its more than 1 HIVE for LEO. So it's clearly seen that the price of the LEO token is gaining momentum and will continue to gain so in near future as well because of all the hard work that the LEO team has been putting up. From LEO token economics, token burn to all the buzz around wrapped LEO wLEO and upcoming project work lineup makes LEO further climb up & up. So there is no doubt about $2 LEO. Check out the great analysis post- The Case for 2 Dollar LEO by @nealmcspadden

Goal of 10K LEO tokens...

Considering all the factors, currently, I don't plan on providing the LP pool and will be stacking whenever possible the LEO tokens that are being traded for less than 1 HIVE. My goal here is to get to at least 10K LEO token and then will take from there.

Best Regards

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I just bought some LEO tokens to diversify my portfolio and investment purpose.

Image Credits:: leodex, leofiance, leopedia