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Here's a Good Reason to Invest in SteemLEO

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Besides the obvious reason for investing in a meta-community for investing, I'd like to point out a few other tidbits.


My first SteemLEO post has paid out rewards.

I got 16 Steem. I got 25 PAL. I got...

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140+ LEO?

LOL, what? Okay, so the author reward was 89.6 coins, so clearly I was able to use my whale status to scoop a lot of the curation into my own pocket. Good ol' curation. I can't see exactly how the all went down because it doesn't appear on the block explorer, so that's a bummer.

Regardless, 153 coins is a ton of inflation generated by a token that only has a supply of 4.3M. The equivalent on Steem would be a post paying out 11,000 Steem tokens... lol.

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How did this happen?

Well, I'm not totally sure, as I really didn't think it would be that high, but my guess is PALNet holders. The PALNet moderators control a huge share of the staked reward pool for SteemLEO, but at the same time they aren't upvoting many SteemLEO posts. This means everyone who is upvoting steemleo tags is receiving a supercharged upvote due to a huge percentage of the staked coins going unused.

https://www.steemleo.com/tribe/@holger80/what-is-the-amount-of-staked-tokens-to-became-a-minnow-dolphin-orca-or-whale-for-a-scot-tribe-2019-07-09

@holger80

I resteemed this post the other day, it explains how you only need 4398.77 LEO tokens to be a whale. However, this number assumes that all the stake is actually being used (at least as much as Steem's is). Therefore, at the moment, this number is clearly overestimated because most of the SteemLEO whales aren't even casting their votes. Unfortunately, I don't have my own node to crunch all the numbers, but I think we can all get a basic idea without hard facts.

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Niche Community

It's much easier to justify downvotes due to reward allocation abuse and tag misuse on this platform because it's all supposed to be investment related.

Build Value

If you can't build value in a community dedicated to building value, how are you going to build value elsewhere? These poetic words are inalienable truth.

Conclusion

If you buy and stake LEO tokens, you'll control a relatively huge chunk of the reward pool. Do you have what it takes to sow value into this community and reap the rewards? Or do you think it will collapse in on itself like a dying star? You decide.


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Here's a Good Reason to Invest in SteemLEO was published on and last updated on 11 Jul 2019.