Due to the announcement of Leo wrapping its token into the Ethereum network we've undergone some price discovery. With a single speculative announcement we've gained 55% to the market cap within a matter of hours.

I even put in an order to buy the 5k wall at 0.21, but @taskmaster4450 bought it out literally seconds before me. I'm not salty about it, in fact I'm a little relieved. In my opinion that wall needed to disappear in order for price to continue discovering itself, doesn't really matter who buys it.

Several people (including myself) had insider knowledge that this was happening before the official announcement was made. It's actually nice to see that nobody engaged in any frontrunning before it was made official. I guess the Leo community has scruples. Good to know.

HODL!

The Leo community is also one of FANATIC holders. The initial airdrop targeted holders, and we are holders still. You'd think that this would be a good thing in every way, but it makes our liquidity EXTREMELY thin. As we see today, a tiny bit of buying or selling pressure in either direction creates perceived gigantic swings in the market cap. This is a bad thing when one is considering creating a separate liquidity pool on Ethereum and trying to get the attention that we deserve on other platforms.

In the end what really needs to happen to gain liquidity is an insane increase of token price. When even a million tokens only holds a value of $50,000 or less, something's gotta give. This is especially true considering less than 5M coins in circulation.

Even if Leo hits a 1:1 trading ratio with Hive, our market cap will still be 100 times less than Hive because our total coins are 100 times less.

I didn't know that this 3M Leo coins reserved for incentives even existed. From a certain standpoint it is somewhat alarming that so many coins existed that I didn't even know about, but at the same time it will be very nice to have a fund like this that we can utilize to financially incentivize users into performing actions that bring value to the network at large. I've wrote a lot about the power of micro-charges/transactions and how powerful they are, and this situation applies perfectly.

Leo also creates a good amount of liquidity through inflation. Our inflation is high and very easy to distribute to new users looking for rewards. In fact, another recent post made about LEO detailed the rewards obtained through the platform actually dwarf that of Hive for some users. Pretty impressive considering the micro-cap we have.

Conclusion

Leo is not slowing down in terms of development. In fact, we seem to be speeding up. Shoutout to @fbslo:

Magic Words

So apparently @theycallmedan can say things and they just happen. Now Leo gets to ride in on the coattails and benefit from the development being done on Hive. This is the nature of cooperative collaboration (open-source) and exactly why the perceived competition within the cryptosphere does not exist (blame venture-capitalists).

This bull run hasn't even started yet. Just like LEO can benefit from the work being done on Hive, so to will the entire cryptosphere benefit from Bitcoin when it goes x20 or whatever it's gonna do. Hold onto that rocket for dear life. FOMO is coming.

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