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RE: Investing in Bitcoin vs Steem vs LEO: gain vs risk

in #steemleo • 5 years ago

I am a big fan of LEO.

One thing you mentioned is the supply. There are only 4.2M tokens out and SteemLeo appears to have one of the more aggressive burn strategies out there.

This is a reason for users to hold the token. We already see very little sell pressure.

If we can see some additions that move this towards a financial resource center, then we could really see a nice explosion.

5 years ago in #steemleo by
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     5 years ago 

    Have you ever considered converting all into LEO?

    [-]
     5 years ago 

    Converting all of what into LEO.

    [-]
     5 years ago 

    I believe the real supply is around 2.3M since 1.6M sell wall will be eventually burned.

    The amount of staked LEO is currently: 2,242,795.82 LEO.

    That's 54.01% of the circulating supply if you factor in the sell wall.

    Technically, the sell wall doesn't really count as those tokens will likely never see the light of day. So if you remove the 1.6M tokens still remaining in the wall (which will be completely burned in 8 months), then the actual staked number looks more like this.

    Source: https://steempeak.com/steemleo/@steem.leo/steemleo-burn-report-2-we-ve-burned-half-a-million-leo-already

    [-]
     5 years ago 

    I think those tokens could someday sell.

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