Ask Leo: What Is Your Carrot?
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I think everyone has to have some motivation factor or goal on Leo if they are going to be successful growing their account. On Hive I have set goals in order to make me consistent and there is no procrastination skipping days. Trust me there have been times when you want to say F it for tonight, but just can't.
I think the motivation behind the growth is not just the account value, but what you are able to offer everyone as your vote value contributing to everyones growth around you. That has always been where my head is as this is a long term plan and not something here today and gone tomorrow type attitude. If you have been on Hive for 3 years already I think it tells you quite possibly you are here to your dying days. God help us all if that is the case as this could be truer than we all thought.
My carrot is the vote value and how I judge my growth and it seems growing on Leo is rather tricky and hard at the same time. I say tricky as your vote value is always under attack due to everyone staking. If you slow down you will see the vote value slowly being eroded away which forces you to keep doing more and more.
The target I have set myself is a lowly 1 Leo vote value and when I started this my vote value was just under 0.1 for 1000 Leo staked so for every 100 Leo you would expect another 0.01 added in vote value. That is not the case as just in the last 6 weeks it has become another 7% harder to grow. Sorry I work in figures as that is what makes sense to me. Those that have just staked for curation are now losing over 1% per week in vote value. This is good as it tells us that Leo is being distributed and staked making it harder to maintain voting levels we once had or didn't have.
I remember something similar on the sports tribe as I needed to stake 100 000 sports every day just to maintain parity with vote values. The same thing is happening on Leo even though I have managed to increase the vote to a whopping 0.171 now and need another 9200 staked to have the prized 1 vote Leo. The original target of 10 000 Leo just got bigger and will just keep changing monthly which is not so terrible as it is like a donkey and a carrot. Over time your stake will grow along with vote value so a win win without worrying about how much you are worth.
Leo is still a very young token and price doesn't come into my thinking as only if you are thinking of selling would it bug you. Staking and earning more Leo from curating and posting trying to get closer to my carrot is the only objective right now and expect this could take a good year to achieve depending on so many factors which we can't control. Project Blank could wreck my carrot plan as a sudden influx of new users staking could push vote values down considerably so the 1 Leo vote may be years off yet. That is good though as that means we have tons more users so a win win whatever happens.
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Leo is pretty difficult to earn in the first place. Not like some of the other tokens that we have participated in. I'd like to get my Hive vote value to $1. It would be cool to get my Leo vote value to 1 Leo, but I am a long way away from that.
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I hear you on that, my posts don't get too much Leo most of the time.
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It is definitely on a different curve than Hive. Explains why the price 3x too!
It's always good to have a goal in front of you as a way to motivate yourself. I would love to see my vote value increase over time, but my carrot likely is the fact that if I ever get run over by a cement mixer, my content will still be available on the blockchain.
The thought that my screeds might be around and help someone long after I'm gone, allows some part of me to exist in the digital hereafter. What more can a lucky guy ask for? :)
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!ENGAGE 20
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ENGAGEtokens.Your content will always be here no matter what which is pretty cool to think about.
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My goal is something similar but from a different perspective. I'm looking to grow my stake as vote value can be influenced by your voting power and price as well, so I'd say growing my stake. The rest is a roller coaster ride.
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!ENGAGE 20
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ENGAGEtokens.They both work so similarly as they work in the same way really. This is very hard to grow so any goals are good to have.
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Yes, the vote decays over time and I've done a bad job of keeping it up, I have been gathering my Leo waiting to see some details of the airdrop tokenomics. If there is a cap and I'm over it I may get more LBI, SPI, or Hive.
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You are too smart lol and all I am trying to do is grow which I am used to by now.
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I just wonder if staking my last months worth of Leo would have kept my vote power higher by a little bit. I mean its only 1\43rd of what I have.
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That would most likely have kept you up slightly. I have grown the vote value by adding 800 or so in the last month and a bit so you would have as well with that amount. Still early days so it is not a disaster as it is something you can catch back up.
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I had noticed that too (the vote value diminishing). I had been selling all my LEO to buy HIVE for about a month and saw a noticeable drop in vote value in that time. And I have a lot of the F it days. It helps to have a post or two do well to keep the juices going.
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