Last night I was trading some Pal to Leo and did some quick buy & sell of Leo tokens. I was lucky enough to earn around 7.00 steem out of it. Since the last Leo airdrop, it looks the dumpers has finally subside and more users are buying for more. At the moment, Leo are bought at around 0.139 Steem:Leo, few days ago it was around 0.075 Steem:Leo. So keep staking Leo everyone!
About my earnings from the coin flipping I did last night, I figured to buy 1 LEOMM and see what returns will I get from it. Well, the good thing about it is that it will generate some Leo tokens passively for as long as Leo is still alive. It could be 2 years, 7 years, or even a lifetime if we wanted to and for as long as we believe in it.
The total mining power of Leo is about 530,000 and the current staked mining power is about 7,287 so about 1.30% have been staked so far. I would say it’s still in its early days and so there is still a better chance to have a good return out of it.
For 1 LEOMM, the chances for me to receive any LEO tokens every hour is:
1 LEOMM x 4 / 7287 Staked Mining power = 0.05%
That looks like a slim chance but let's do some observations for now.
So why 1 LEOMM if many of the miners are buying in bulk? I’ve been meaning to buy more however I wanted to make some tests before I fully decide on it. As it seems, mining tokens requires time before I see a good return while trading/flipping might only take a few days to make a good profit.
Mining will provide a more stable flow of token earnings and the only time that you will spend on it is when you’ll claim for the rewards. It all depends on how your personal preference.
Just a quick reminder, don’t forget to stake the LEOMM after you bought it :)
Cheers!