Going through my Hiveengine and realised that I have a lot of hive, not a lot per say, but a lot compared to when I newly started hive. When I started Hive, the value of Leo was $1 and I wished I could make one thousand Leo so I would have a thousand dollar worth of Leo in my possession. But today I have over five thousand Leo tokens staked, and its not even up to a thousand dollars yet. How was Leo up to $1 2 years ago with less utilisation and less adoption? How can we make reach $1 again?
One way should be through CEX listing, with more cex listing, this will create more tradings, and more tradings will create more liquidity and more options for Leo utilisations, this will help in increasing the value and we are going to see better value of Leo. The Leofinance has been working so hard to create more utilisation for the Leo token, but unfortunately the Hive and Leo community is too small to boost the price. We are having the price of Leo token the same price with some low valued, low utilised coins but they have potentials of gaining more value because of the CEX trading and the amount of people utilising it.
If Leo is being listed in more CEX and more DEX platforms, people will be buying Leo easily to use the liquidity pools of Leo and earn more yield, creating more demand for Leo. We also need more shilling and more Leo advertising, but how do we do that? This is the question I ask myself everyday, most coins get shilled easily and get more recognition easily, what do we need to do? I dont really like or believe in celebrity shilling of coins because that sends the wrong, we need organic shilling from people who believe in the project than some profit hungry celebrities to shill what they dont understand. Making posts on Hive seems like feeding ourselves the same information we already know, but making post on other platforms creates more awareness to other platforms. I got to know about the Leofinance Community two years ago when I was reading a post on the publish.ox site and here I am a devoted member of the community.
Another way we can increase the value of Leo is by buying more Leo, or using some of our hive rewards to buy more Leo and power them up. The price of Leo has been able to maintain this price because of the @Leo.voter account. When you delegate your Hive power to this account, it rewards you with Leo. How does it do that? It converts the HP rewards it get from curation and use them to buy back Leo, therefore maintaining the value of Leo token. Which is a very sweet great idea and I love it. If you can’t keep up with constantly buying hive or using your Hive rewards to buy the Leo token, you can just power up your Hive and delegate all your Hive power to the @leo.voter account, it will do the daily Leo purchase for you. This is how we are going to get more leo, Its a slow progress but we are going to get there, its just a matter of time.