I always found it a bit odd to see all the articles shilling Hive and Leofinance on Hive and Leofinance. I just didn't see the use of them, they are more like preaching to the choir than anything else. I already know that Hive is the best blockchain, I've very well understood that Leofinance just might be the future of (not only) financial social media. With the upcoming airdrops for CUB and Project Blank, though, I feel like it's important to talk about the topic in full detail. Everybody receiving anything from these airdrops will have to make a simple decision: Hold what you get or sell it to take profits. Personally, I have a strong opinion on what to do and in this article, I'm hoping to explain just why you should absolutely HODL everything you'll receive from the airdrop(s).
As of Friday evening, the airdrop for CubFinance is about to happen next Monday. Depending on how much LEO Power and wLEO you held during last Tuesday's snapshot, you'll receive an according amount of CUB tokens. In the near future, we'll see another airdrop, giving out tokens for Project Blank in a similar way. Now if you have some stake in Leofinance, chances are you might be able to sell these tokens at a pretty decent price. It's obviously too early to talk exact numbers, but I think it's safe to assume that we are talking at least several thousand dollars if you are holding something around 10,000 LEO right now.
Cashing out on airdrops feels amazing and it's one of the greatest things in crypto. I remember when I woke up to the Uniswap airdrop. I unloaded all my UNI at once and made almost 1,800$ in the process. That was value that didn't exist just a day ago and I felt like the king of the world. I've exchanged half of it for Ethereum and the other half for Hive. I'm still pretty happy about the whole thing obviously, but the truth is - had I just held on to the UNI I would have made way more in the process. This is obviously in no way guaranteed and if I was in the same situation again, I'd make the same decision once more - sell it right away and convert the tokens to currencies I'm already involved with and that I believe in. Things are a bit different with CUB and LEO, though, and I feel like it's important to factor that in.
In the case of Uniswap, I simply did not know enough about the whole thing to tell whether it should be a good token to hold or not. I had used it once or twice before to exchange my rewards from Publish0x, but I wasn't involved with it in any other way. With Leofinance, I'm already deeply involved and I trust in the vision. The question you should ask yourself when looking at the airdrops is what selling the tokens right away is going to do for you. Quite frankly, a few thousand dollars are nice obviously, but they don't do much for me. Even if I got 10,000$ out of it, that wouldn't change anything for me, it's just more money I have sitting somewhere. My life would remain completely unaffected.
But what happens if the token goes 100x? If this whole thing really takes off, we are suddenly looking at live-changing amounts of money. 10,000$ wouldn't do much for me, but 1,000,000$? Now that would change a lot, obviously. I'm not saying this is guaranteed to happen. Far from it. Chances are the whole thing will never go off and I'll just miss out on the 10,000$ I could have made selling my airdrops right away. I'm not going to put numbers to it because I simply do not know, but my gut tells me that there's at least a real chance we'll see that kind of growth here!
The Leofinance ecosystem is very well crafted, with each new addition carefully connected to all the other parts. This in turns means that it only needs one part of the system to really go off to take everything else with it to the moon. I honestly don't know enough about CubFinance to tell whether it has a real chance or not, but with the success of noise.cash, I'm 100% convinced that Project Blank has the potential to reach millions of users. Users that will need some tokens eventually. If Project Blank goes off, everything else in the Leofinance world will follow suit.
Some weeks ago, I did an article discussing how it's possible to achieve financial freedom in the blockchain context. Basically, there are two options available. Sustained growth over a prolonged period of time or explosive growth over a short amount of time. If you follow the stuff I usually write, you are probably aware that I'm firmly in favor of the former option. I'm not in a hurry, I stack my tokens every day, I earn interest on everything and enjoy a slow but steady growth of my wealth. Nevertheless, I'm willing to take my chances if I believe they are worth it. In the case of the upcoming airdrops, I feel like this is exactly one of these rare chances that I really want to take.
In the absolute worst case everything launched will be a complete disaster and all tokens given out will be worth next to nothing. In that case, I would have missed out on the few thousand dollars I could have made by dumping my tokens. That's only a loss of opportunity, though, as they came completely "free" to me. Best case though, one of the projects will take off and a year from now, I'd be looking at tokens worth enough to really make a difference to the way I live. Ultimately, the truth is most likely going to be somewhere between these two extremes and that's fine. Nevertheless, I'm given a free shot at glory and I'm not going to miss it!
I feel everybody already involved with Leofinance is given a unique opportunity here. We are the ones that where with the project before it went off, we already built our stake, we are set. If any of the upcoming projects goes viral, we very well might be in for that life-changing growth many of us are looking for in the blockchain world. For some of us, this might be a once in a lifetime opportunity. You really don't want to miss it by dumping your tokens for some meager gains, do you?
And that's all from me for today, thank you all for reading and see you next time!
Posted Using LeoFinance Beta