If I Had a Million LEO
Everyone has funny thoughts. Sometimes they appear to @bagofincome too. Just a moment ago I was browsing LeoFinance going through various financial articles. After reading some of the posts, I left, what I thought were meaningful comments. Why did I do that? First of all, to expose my account to others, and second, to earn some LEO for it because commenting here rocks! Not only you are rewarded but you also engage in productive discussions with other members of the HIVE blockchain.
But that's not what I wanted to talk about. While going through my daily Leo routine that I talked about above, a thought appeared in the back of my mind. A daydreamer's voice asking: What would it be like to have a million LEO? This little thought intrigued me so I started seeking information on how many LEO there are. It wasn't hard.
Having one million LEO would mean having a little more than 1/6th of the circulating LEO which is 5,828,948.886 at the moment of writing this post. Where did I get the number? It's here on LeoDex. Check it out for yourself in case you're wondering about the endless possibilities the blockchain offers.
What Would I Do?
Although it would be really tempting to sell to get about $150,000 in cash, it wouldn't be fair to this place. If somehow I ended with 1 million LEO on my account, I would delegate at least two-thirds of it to people who are the most active here. It would make many votes stronger which would result in more people joining the platform. In the meantime, I would still continue curating the best of the best with gigantic votes.
All of it is a dream, of course. But as we all know - dreams can manifest. Everything can happen! I know that I can't just sit around waiting for something to happen that will change my life around - I must work hard and smart, fail, and then stand up again to continue! I believe consistency can make a difference!
^created by @krunkypuram^
What Would You Do With a Million LEO?
Write your answer in the comment section below!
Thank you for reading!
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https://twitter.com/bagofincome/status/1323966503830605824
Spot on! Doing the work & being consistent are super important to success. Showing up every day is key in itself.
However, there is something to be said on manifestation. If you focus your thoughts on what you want (like $1 million in $LEO ;) ), then anything can happen. Right now, we are in a time of rapid manifestation but we have to be mindful of what we are focusing on. :)
I think it's awesome to dream & even if you get a large portion of it, even that would be a great achievement. :) Thanks for sharing this interesting post! I appreciate your content. 💚
Thank you for coming here and believing in the power of the mind! What would you do if you got 1 million in your account?
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Oh, wow. Great question....for me, I think I will do the following:
Basically, I would like to keep it going but also help others as well. That one 25% is something we all should do, make sure food is on the table & bills are paid (plus some fun stuff). 😀 💚
What a great answer!
Yes, I would also use a part of it to pay bills. Then I would have so much free time to create something truly unique!
Thanks for the answer! Have a great day!
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Why don’t stake or delegate all, the 16% Yearly return for each month can pay the bill for you. Or send to Uniswap to get even higher yearly return to pay the bill.
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That is something also I haven't thought of! Very good suggestion! I like the idea of compounding the return so the money keeps working FOR you. :) ❤️
If I have one million LEO,
I will do like onealfa.leo firstly.
And then, I donate some half Benefits of Rewards I will receive to others who actually need. This is just brief.
I like your idea ; Dream can manifest and Everythings can happen.
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Thank you for your answer! @onealfa.leo is a beast we can all learn from!
ps. It's great to see you're still here. I remember you joined using MetaMask! Have a nice day ahead!
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1 million LEO would be about 800 LEO in curation rewards per day (that you get to keep), judging by onealfa's stake and previous statement of his curation rewards. Give or take. At the price of $0,15, it would be ~$120 per day, in case you sold the rewards you made. In a month, you'd have cashed out ~$3600. That is well-more than my monthly salary. Honestly, with those numbers I would probably work less and cash out 50%-75% of my curation rewards. The other 25%-50% would be staked. There is a good chance that I would delegate some LP as well.
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Thanks for the calculations, it's exactly what I missed in this post!
~3600$ a month is unbelievable and way past my salary!
I like your plan and I agree that it would probably make you work less but to get to that 1 million - we have to work our asses off! Or create something mainstream. Or write a best-selling book. Now I've gone too far.
Anyway - thanks for the answer! Have a wonderful day!
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This is an interesting topic for discussion... From my point of view, the point of being an early bird in crypto (yes, I think that it is still early), or in anything else is to take that advantage and use it later when you have enough to make a difference... At least, that is the reason why I accumulate tokens that I have in my portfolio...
Staking them and having a passive income down on the road is an idea... Work less for money, and leaving money to work for me... So, I wouldn't sell any of that million, but I would use them for curating content and delegating to good projects...
Let's see if others will join this interesting discussion... Everyone likes what if games... :)
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Thank you for your answer! I like how everyone would invest it back!
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The problem is that if you had more than 1/6th the LEO, it would not be worth $150K when you went to sell it. You would cash the price so quickly that it would be hard to liquidate the full amount out.
Now, once wLEO gets going and there is a great deal more liquidity, then it might be possible.
As for if I had a million LEO, I would still do the same thing. Each day I used my 20% upvoting power to reward other content. I would still proceed as I am now.
The long game means nothing changes.
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That's true! That's why it would be much better to vote, delegate, and add liquidity as you mentioned above.
Thank you for your answer! I love the long game!
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What makes me amused to read this question is that I only 4 Leo at the moment :)
When I got focused on the HE Tokenz, Leo was worth 10 cents. Procrastination & kinda missed the boat ;)
Anyhow, having 1 Million Leo certainly would help many good content writers. Looks like my first ever comment from let finance :)
!BEER
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Well, commenting here on Leo could earn you twice as you have right now in one day :)
Thanks for the beer!
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