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RE: LEO Authors Are the Most Rewarded Users on Hive | December Author Reward Leaderboard + Dev Updates

in LeoFinance5 months ago

we'll deprecate the LEO token on Hive-Engine/scotbot

I'm very anxious about it and at the very same time quite excited about it. I am afraid it deprecate the prices of my holdings (the released/airdropped price won't reach the same prices and Leo rates will drop to sh..)..

Are you dropping the whole Leo token or it will be still used as pegged/wrapped to this new one?


The LEO token isnt being dropped, there is a new token being airdropped (we dont have any details on it yet). The airdrop is based upon the Leopower/miners/wleo held.

What this is referring to is the LEO token moving from Hive Engine to a new sidechain that Leo is setting up on Hive.

Posted Using LeoFinance Beta

Thanks for the clarification, time will tell.
Too little details to properly discuss or plan at this point.

Oh, so they're doing it sort of like Hive Engine by utilizing the Hive blockchain still. Nice. I thought it was going to be a totally separate blockchain and was a little worried for Hive.

Posted Using LeoFinance Beta