Why LEO is on Upward Movement

You may have noticed the price of LEO is on a steady upward movement while the general crypto market has been going downwards. What's with the LEO token that it seems to be unaffected with all the FUD and noise around the cryptoverse where HIVE wasn't even spared?

The value of LEO is increasing not only because HIVE's price is down. It's more than that and if you are unaware and had been wondering why, let me share some of the main drivers of that price movement. Here are the major reasons, re:

• New LEO Tokenomics
  Sometime in May, the LEO daily inflation dropped from 25k LEO being minted per day to only about 5-6k and it's been so to this day. Why is that? Because the bounties fund that pays the delegators to leo.voter has been switched off. It stopped paying its Hive Power delegators with inflationary rewards. Instead, it now pays them with LEO that are bought from the market. Below graph shows the drop started on the 3rd of May.

  
  _(Source)
  

• Leo.bounties buying back LEO to pay delegators.
  Although the bounties fund ended, they still need to pay the 16% APY to the delegators (around 10k LEO per day), hence leo.bounties is now automatically buying at least 5k LEO every single day from the open market.

• People are stacking up too.
  Because they know that LEO is going to get more expensive. Do note that the LeoAds smart contract is on the verge of getting deployed which means it will also be buying LEO from the market to reward the Leo Power holders.

• Majority of the supply is locked up.
  Recent data shows that 75% of the tokens have been locked up through staking and others are on liquidity pools on Polycub and on CubFinance. So there isn't much LEO around, well except for those being flipped by traders on the internal market.
  
  _(Source)
  

Additionally, the launch of threads and all other initiatives that are going on keep the excitement. It is also observed that there are new users coming in. Every activity on threads add up to the value of the token, to the community and of course, to Hive.

Personal Thoughts

With all the above taking place, I personally plan to be doing some Dollar Cost Averaging on LEO. And of course, stay active on LeoThreads. During my 15 months on LeoFinance, it is safe to say that I am fortunate to be one among those who are witnessing and experiencing the developments that have happened and are happening until now. From the launch of LeoThreads as a test feature on the old UI to using its alpha version to now enjoying it on its production stage not only as a feature but a full interface that keeps getting upgraded and enhanced. And yes, all the other updates, changes and upgrades in the Leoverse.

Did you know that on LeoFinance, especially on threads, we can brush shoulders (although not literally) with LEO and HIVE whales (i.e. Khal, TM, Onealfa, Jongo etc)? I don't know where else on Hive can we have that. We can converse with them on threads, ask questions, learn and even make fun or tease them. This to me is one of the reasons why I love it here!

LeoFinance is building something truly incredible and I feel those who are not part of it or at least holding or staking LEO are missing out.

Adoption Campaign

Meanwhile, the results of the Adoption Campaign was out yesterday morning. Although I didn't make it to the Top 10, being able to experience the adventure was all worth it. According to the winners' list, I was ranked 13th and I'm going to be a recipient of the following prizes:

• 7 Leo Non-Fungible Tokens (NFTs);

• 500 Leo Power delegation

• 1,858 liquid LEO which in today's price would be worth 500 HIVE!
  This reward have been received and I've added it to my stakes just before LPUD ended.
  
  

This is from me today and if you are sitting out on LeoFinance, I invite you to check threads. It had been improving a lot and there are exciting features added even. Live threads view counter, notifications filtering and all other things.

And I heard there is another Zealy campaign coming soon!

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Posted Using LeoFinance Alpha