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Wrapped Leo can only mean Dollar Bills for everyone involved over time.
I can remember a while back someone saying the real value of Hive could actually come from another token staked against it. Something listed on Hive Engine and I thought that was a little crazy as couldn't see where this was going. I presumed the value would be Hive going up in price and the knock on effect of everything staked against it. A bit like Bitcoin going up in value dragging the alt coins along with it. A $10 Hive would bring a $2 Leo at today's prices for instance.
There is always the chance that something can change and with the right team behind it the world is your oyster. I am not technically advanced and not dumb either so paying attention and reading between the lines is a must trying to keep up with the things happening all around us.
Ever since community tokens were launched whilst we were on Steem and now Hive I have been hoarding like a squirrel getting ready for winter. I have seen the token prices drop in these tribes/communities over time as many users/milkers sell off their ill gotten gains and just thought what the heck as it hasn't cost me anything.
Today Hive Leo announced they were having their Leo token wrapped over on Etherium which is kind of interesting and exciting all at the same time. The wrapping of tokens is something new and has been driving certain coins up astronomically lately. From my understanding it allows someone to use a coin like Bitcoin to use as collateral whilst dealing in Alt coins and making money for both holders. As I said I am not that technical and that is my jist of things and they are really basic.
The one thing needed is liquidity to make WLeo work as they need roughly $100 000 to make it a viable trustworthy token. That would be the equivalent in todays price 0.2 Hive per Leo. Hive being at 23 cents so roughly just under 5 cents for 1 Leo so they would need to move over more than 2 Million Leo which is just under half the circulating supply of 4.6 Million. To be taken seriously they can't have $10 000 so the more that is available as liquidity the better it is. I have 1100 Leo so nothing serious but there is an opportunity if you carry on as normal as making extra Leo will be possible as your vote should be worth more going forward once the larger accounts have unstaked. The more the merrier hopefully will supply Leo to make the WLeo a serious option for investors. This should increase the value of Leo over time.
Leo seems to have come from nowhere yet they also seem to have a clear understanding of where they want to go. Luckily I have been hoarding Leo from the beginning even though I have a paltry amount right now. This is when it pays off to just keep doing what you do and to not be tempted converting them to Hive.
One day in the future I believe that most of these tokens that have a community behind them will have some value. Looking at them today some would be wishful thinking and pigs might fly but one never knows what is lying around the next corner.
Hive I am confident of it doing something price wise in the future and it is good to see some action happening within the Hive Engine. We are fortunate to have a cross section of society working and developing on the block chain and why I believe things will succeed more often than not. It also helps that most of the users are kind of smart and have their fingers on the pulse of what is happening outside of the block chain.
What Leo has done and is doing will benefit their own coin Leo and Hive and bring more eyes onto our block chain which has to be a good thing overall.
