Shifting My Crypto Fortunes to LEO

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A Brief History

I have had some LEO since the initial airdrop. Until a couple months ago I never really did much with it and I staked whatever little bit I got from curating posts. At that time I started to notice a buzz about Leo Finance and all the great things they were doing. Being in a bit of a rut posting on Hive I decided to get out of my comfort zone and try posting/curating on Leo Finance.

Comments and the Flat Curve

It was definitely a different level of engagement on Leo. More comments and shock of shocks people actually voting on comments. I learned about the flat curve for voting and decided I needed to sell off some other assets to up my LEO stake a bit more. It was nice to be able to make a decent comment and have the possibility for a reward and not have to time my vote on posts to try and maximize the return.

Some of the Numbers

After getting my stake to about 600 LEO I read a post about the start of LBI (SPI for LEO). Being in on SPI from the start and it having huge success, I was excited to invest in LBI. I was looking to up my investment by several times what I had put into SPI. So I started a power down of my newly staked LEO to get about half of it to liquid. Also started a Hive power down and used some liquid hive to by some more LEO.

As of now I have about 1100 LBI (1 LEO for 1 LBI), but that left my LEO stake down at 300 and that just wasn't going to do. I decided to sell a little of my meager BTC holdings to rebuild my LEO stake. I now have my LEO stake back up to 1500 and growing.

The Future

I've started another power down of Hive, how much I will take out is still to be determined. Most of it will go toward purchasing LEO which will be staked. Some of it will go to purchasing more LBI. I will still be active on Hive as it is a platform I still feel has a huge upside. I would like to see Hive adopt the flat curve approach at some point. I think it would do wonders for engagement.

Over all I just think Leo Finance better serves my interests at the moment. It is a fast changing landscape though and being able to adapt quickly is vital.

Not financial advice. Just my experiences and thoughts. Thanks for reading and enjoy your day! :)

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7 comments
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Agree on basically everything you've written.
I didn't power down any Hive, but it's all delegated to @leo.voter. I still think Hive can turn things around, but for now LeoFinance is what I focus on. If Hive ever turns to a linear reward curve, I might become more active there again.

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Good point about @leo.voter. I may go that route with some Hive and not power down so much.

I still have content I like to share (photography, travel, art) that doesn't fit on Leo Finance so Hive will remain part of my blockchain/blogging life. :)

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LeoFinance is really a great place to earn some crypto if you like reading and writing about crypto. The linear curation really seems to have had a big impact on engagement. They just keep making good move after good move.

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I'm not a huge finance guy and I'm only now starting to get an idea what is going on in the crypto world. To start off most of my engagement will revolve around reading posts, commenting/questioning, and voting. With an odd post here and there to break things up. It just seems things are set up for someone like me to be in a learn and earn mode. :)

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