You might have probably heard of the importance of feeding LEO ecosystem with data. Ok, I will not be venturing into that directly and yes it is very important. Data is very important in the future where access is likely to be denied by the big firms who keep accruing this new oil to themselves.
Big companies like meta, X and Google have had what I should call a big long term win. Users just kept feeding their platforms for free.
Many are still yet to even understand what is going on. Everything still seems very normal. I was once imagining how expensive the online space might be in the near future if such a data volume that has been fed into the Internet goes centralized.
Maybe we are looking at a future of ‘pay per browse’, just maybe. I will be delving away from this particular feeding to another one. There are little ways you can still be of support to InLeo as we await a much brighter future
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So what is this ‘the other one’?. Or maybe I should say ‘the other ways. I delegated a portion of my Staked Hive to @leo.voter. This article is not meant to make delegations seem to be a compulsion, no. Nevertheless, a sense of knowledge can help transform mentality.
Personally the daily bounties I get for that delegation is in dimes. Although it is very small, my concern is how to support this ecosystem.
You never can tell how your single move helps to strengthen another user. I never really saw the need for stakes (or more professionally put, I lacked more exposure then) until I started following up some Hive and Leo faithfuls who have stakes in the thousands.
I was really encouraged, and it has switched my mentality to think long term. I also want to see my Hive and Leo stakes and every other promising project here in the thousands, ten thousands and probably, hundreds of thousands.
The fact is, no one else will help strengthen this ecosystem except me and you who are the insiders. This kind of mentality helps to strengthen price and foster utility. I talked about something related in one of my recent articles centering on the for stamina positions. It is users/investors who are currently salvaging Leo token to show strength at $0.10 cents.
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Still talking of other ways, do you know you can delegate a percentage of your daily article earnings to Leofinance ?. I decided to set my daily article to 5% to @leofinace. It means that in every $1 dollar I get in article rewards, Leo gets $0.05, this is indeed no big deal.
Anyway, I don't know how this earnings is being channeled but my contribution would be either to add it up to leo.voter delegations or burn it to make this token more scarce. My idea is how this will be looked at if many users initiate the 5% ( you can set it to 1%, depending).
At least from my calculations at the 5%, at $1000, we are seeing $50 going to leofinance accounts. What happens in 365 days? We are talking of a whooping $18,250. Personally, I will prefer that burning process, consider how this would strengthen leo in the long run.
To conclude, the value of Leo is left for us to decide. Participating in activities that will help push and strengthen Leo price will in the process help bring in new investors. Not many big bag holders will want to dump their money where charts have not shown steady appreciation.
Even I wouldn't do that, I will feel my effort will soon be a down trend. How did Bitcoin get the attention of big players like Wall Street? market stamina and a bounce back. ALL this are byproduct of faithful investors who refused to sell when all hopes were done.
To talk of limitations, Bitcoin is nothing more than a store of value, what then will be the future of Leo when adding it is utility base token. The first stage for progress is not speed but stamina.
Posted Using INLEO