Excited for LPUD? but numbers do not match up.
Excited for LPUD? but numbers do not match up.
So we are approaching the 15 of the current month and as usual, this will be celebrated as LPUD day. As far as I am concerned I have already accumulated the LEO to do the LION attack and I guess if time permits me on that day then I will definitely be participating in it.
At the launch of the new LEO UI interface, LEO was trading around 8 cents and I was expecting more upward momentum in the price but unfortunately, it looks like the price went down to the previous levels and especially it hurt more as a Leo stakeholder because the emission of LEO is now very limited to 5K, so the curation APR on LEO is not at all great.
So I was looking on the stats provided by "@leo.stats" account and I observed the below numbers.
| Time Period | Circulating Supply | Daily issued |
|---|---|---|
| 08/28/2023 to 09/03/2023 | 16.5M | 5K |
| 08/14/2023 to 08/20/2023 | 16.1M | 5K |
| 08/07/2023 to 08/13/2023 | 16M | 5K |
| 7/31/2023 to 08/06/2023 | 16M | 5K |
| 07/17/2023 to 07/23/2023 | 16M | 5K |
| 07/10/2023 to 07/16/2023 | 16M | 5K |
| 07/03/2023 to 07/09/2023 | 15.9M | 5K |
| 06/26/2023 to 07/02/2023 | 15.9M | 5K |
So Leo Stats report that some 400K Leo added on circulation in 14 days (to 16.5M at time period "08/28/2023 to 09/03/2023" from 16.1M at time period "08/14/2023 to 08/20/2023" ). By normal daily emission, it will only emit 70K LEO, and it addition of 400K Leo does not fit in the calculation.
If someone thinks that the latest report has a typo, then it is correct as per Hive-Engine.
I also do not think that all previous reports might have had typos for months that were suppressing the supply numbers by 400K constantly.
I hope the Leofinance team might be able to explain it and I hope that LEO team will take the time to update the community on all its existing projects and their current state and their roadmap and follow it transparently instead of just generating hype from one zealy campaign to another when the underlying number and tokenomics growth is not at all backing it.
Posted Using LeoFinance Alpha
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@nupulse(8/15) tipped @r1s2g3
I think it was probably a mistake on their part as the issued tokens seems to be constant. So I think it was just a typo when they updated their table.
Yeah , I do not have any way to find it in blockchain but Hive-Enginge number confirms the current numbers so typo chances are rare.