Staking LEO has just become even better

Staking LEO has always been a good investment for those engaged in the community, and now it's even better

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I'm a massive fan of LeoFinance and a firm believer in the long-term potential of the LEO token. For the past year, I've been trying to be active in the community and engage as much as possible with other people that are regulars here.

These interactions happened mainly in the Daily Crypto Markets Live Blog, where some of the most active members in the community gather every day. However, this year I decided to take things up a notch and make LEO the number one priority in my crypto portfolio. As I've discussed before, prioritization is intimately related to resource allocation and, since LEO is my top priority, it's getting the bulk of my resources.

That means I'm redirecting some of my crypto earnings to buy more LEO and even my time is being directed to it, as I've been trying to write a post every day (or at least, most days).

This plan was already showing promising results for my 2022 strategy, and today I read some news that made it even better.

New LEOAds Mechanic

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Suppose you have no idea what I'm talking about. In that case, I strongly suggest you read the official announcement published by the LeoFinance team a couple of hours ago to learn all the details of this new feature. Still, I'll go over it quickly for the sake of this post.

In case you didn't know, the Leofinance website generates ad revenue from the traffic consisting of our user base and external users from search engines, social media and things like that. That revenue was used to buy LEO and burn it, which was not bad when you think about it.

However, there's been a change in that mechanics. Now, the LEO that's bought with that ad revenue will be automatically staked to ALL LEO Power holders, based on how much they have staked.

That's yet another stream of passive income and a reason to keep staking more and more LEO (like I needed more excuses!). I'm very thrilled about this because, as I said before, it validated my strategy even further, and now I'm even more confident that picking LEO as my focus for 2022 was a great call.

Show me the money!

You might be asking, "what is in it for me"? I guess we'll only really find out a while after this thing is up and running, but according to the official release, Khal estimates it would be something between 4%-10% APY which is not bad at all.

Owner mentality

These are probably one of the most used buzz words in corporations, and they are usually a ton of crap that companies tell their employees, so they feel good about working their butts off.

I believe it's a different case for Hive and LeoFinance. Because of how the network is structured, everyone who has some staked LEO owns a piece of this million-dollar business. Sure, some have a more significant part than others, but the only thing you have to do to increase your "ownership" is stake more *LEO.

If you're wondering why I'm talking about this now, it's just that I believe that, as co-owners of the platform, it's in our best interest to make it better, and this new mechanic is an extra incentive to do just that.

So what can we do? Well, the first and most obvious thing is to engage with the community. That's been proven over and over to be the best way to unleash a network effect that will make us grow. Another thing is trying to do our best to bring more traffic to LeoFinance. That can be done by writing quality content consistently, learning the basics of SEO and using tools such as ListNerds to increase the reach of your posts and bring that valuable external traffic right to us.

More traffic means more ad revenue, which means more LEO being bought and staked back to us. I think it's easy to see how this positive feedback is beneficial to each and every one of us.

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Final thoughts

Staking LEO has many benefits, and the list just got a little longer with the addition of the new LeoAds mechanics. Ad revenue will still be used to buy LEO off exchanges, but now it will be reverted to all LEO Power holders.

It's up to every one of us to try and increase the traffic on LeoFinance and create a positive feedback loop that will collectively benefit the network and each of its members individually.

Posted Using LeoFinance ^Beta