Leo up 59% on the back of wLEO announcement. Interesting times ahead.
There seems to be a whole lot of excitement with the next level of development from the @leofinance team. Wrapped LEO.
External Exchanges Here We Come!
One of the core visions for LEO is to bring in more users and investors. We want to continually make it easier and easier to buy, sell and utilize LEO on a daily basis - whether you're on Hive or not.
I've always believed that we would make it to a number of big external exchanges, but I thought that we would do it under the guise of an SMT. Now that we're launching wLEO, you'll start to see wLEO listed on exchanges like Uniswap - which just surpassed the daily trading volume of Coinbase as of yesterday.
Source:Leofinance
https://leofinance.io/hive-167922/@steem.leo/introducing-wrapped-leo-or-exchange-listings-and-liquidity-pool-incentives
As one of the top performing teams developing on the hive blockchain it comes as no surprise that they are following in the successful footsteps of wHIVE and creating an ETH pair for defi and opening onto other exchanges. Considering that they have already expanded their offering from a simple tribe to an all encompassing front-end and community. Provide analytics and a valuable token pair as well as constant development and updates. You can see why people are backing this latest revelation with their money.
59% in just three hours is no mean feat for any token, never mind one being developed on the Hive blockchain. You might think that it is just an initial pump but looking at the market says that if you want to be a part of this then you had better get in fast before the price keeps going higher.
One problem that we have with LEO (which has been outlined by community members like @edicted) is that we actually have a lack of liquid LEO tokens.
Our community is a community of deeply entrenched HODLers. As you can see on the latest @leo.stats report, about 90% of all LEO tokens in circulation are actually powered up and therefore, not currently available for providing liquidity to protocols like Uniswap.
The buy wall is strong here with very little to be sold. Exactly as the leo team has stated in their own post. Luckily I had been buying some tokens during the week anyway without knowing anything about these latest developments and am very happy to see this. I also picked up a few more today on the back of the announcement.
While I don't know much about Defi and how they will go about all of this. I do know about good development work which they have shown in spades for the past year. Strong and consistent development. That speaks very loudly to me.
Always do your own research before investing in any token. These are my opinions and not financial advice.
This will be very interesting to watch and an interesting experiment in hive trading pairs. To see if they can create a more valuable token by trading off chain and adding liquidity to #LEO. Also an opportunity to show what can be built on HIVE with it's fast free transactions. Being able to show that using HIVE as a base layer won't limit your reach or potential but can actually use it to your advantage in growing out a project.
Posted Using LeoFinance
I remember the possibility of Leo tokens equaling the price of hive being mentioned once a long time ago, now it seems more real, especially with the amount of locked tokens...its nice to watch....
It should be an interesting few weeks to see how it turns out. I'm just glad I bought a couple thousand last week before this happened. The price is going to stay up here i think.
I love the team here and really think they have been doing a top notch job for the past few months with everything that has been brought out. I'm hoping that they can set an example for communities and now for external viewers on how to utilize hive to it's full potential.
Posted Using LeoFinance
I agree with you that this does not look like a short lived event with the LEO community. We are seeing some very strong hands getting involved. I will not be surprised to see the buying continue.
It could be we see an incredible amount of LEO pooled when things go live. Plus, with some powering down, we will likely see a nice bump each week.
This could be a whole lot of fun over the next couple months.
Posted Using LeoFinance
They have been consistently adding to their product and leading development as a community for a long time. I think that this is just a culmination of these events and a reflection of the true value of the token. I don't see many of the existing holders selling a lot of their stake as we will all be watching with interest to see how this turns out.
I will want to have some LEO to hand for when this happens but I won't be selling a lot on the internal market for the moment.
Posted Using LeoFinance
I actually added more after the announcement. Going to keep mine staked and use the liquid LEO to help with the liquidity pool.
Just another piece to the puzzle.
Posted Using LeoFinance
I bought around 300 and few days ago :D Lucky me ^^
Great timing. Price has almost doubled since then. Now you have choices to make.
Posted Using LeoFinance
Indeed!
Well, I dont like to see when its not at 1$ yet ;)
There’s quite a few DEX a in the ETH space wLEO can get listed on which means more pressure on liquidity, we could see this pop for quite some time! Lol leo 5 times more valuable than BLURT ouch how does that feel?
lol never considered that. Although you must be talking about token price and not market cap, eh?
Sounds about right to me. I've been dumping that blurt as fast as i can before the price bottoms out. Don't see any real use for it and i can get about 50 hive a week from my power down.
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well, crap - in the middle of prepping for homeless life i missed out on buying the s*** out of that LOL
i did load up a few a couple weeks ago though at least...
keep stacking peeps ;)
Posted Using LeoFinance
At least you can keep earning it instead of buying as well. Posting to @leofinance is great as you earn the two tokens at once so it cn be very valuable to people.
Good call on loading up. Doubled up straight away.
This is a very intersting development. Small users will continue to collect leo with content creation but big users will probably start to earn by providing liquidity. I believe that we will see these big users powering down and it might become more interesting in curating on leo in the future because of it.
That's an interesting point. I think that you could be right as the big users are early investors and will want to get involved in wLeo. If there is a big powerdown all the small users suddenly have a bigger vote which will spread the token around between more users.
It will be interesting to watch and see what happens.
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