Live-Changing Growth? Why You Should HODL All The Leo-Airdrops!

in LeoFinance2 months ago (edited)

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).

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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.

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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!

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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!

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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!

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The "preaching to the choir" post are too frecuent if you ask me but is underestable as not everyone is able to make amusing or informative posts, in my case I only comment here as I'm aware that financial issues aren't my stuff.

I can post something from time to time but not regularly, some people posts only to milk the system and not really to inform or add content of value.

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Shill posts are easy to make and people over reward them so you can see why the behaviour exists. I have already muted several people who jusy shill and actively don't curate their posts

That's a good approach to the problem, I'm not a big fan of downvotes but definitely agree with these measures to such behaviour.

Yeah i mean they not hurting anyone and maybe they reach new users but I’m not a new user so their content is not applicable to me, so I don’t want to read it. In fact they turning away more readers to appease a few and that’s their choice

in my case I only comment here

Me too. I burnt myself out on the chain that shan't be named as far as posting is concerned.

I just ignore the posts shilling Hive and LeoFinance and I get really bored of all the BTC etc ones that say the same thing over and over.

Every now and again I find a gem though. Either in terms of education or a real life persona story. So I keep hunting for those.

!ENGAGE 20

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Lol 99% of it is repeating announcements or shilling for upvotes which sucks because like you say sometimes there are cool posts like how to abritage certain exchanges and things like that get lost in the amount of Hive is great upvote me I want to sell so I can buy something and post how great hive is and repeat

I agree, I am not a big fan of this... anyway I also think I will dump the CUB I would get tomorrow... btw LASSECASH now has Diesel Pool and plans to make rewards for liquidity providers.

Keep it up.

So funny, I feel very similar. There was even a time when I earned a whooping 1% of the inflation from the chain we don't speak about anymore. I was on fire. The funny money looked well on the screen but I never cashed out enough to really make it count.

Good thing that Hive is a much better experience these days and I am happy to just curate and earn curation rewards. Although you are right, we need more and better content. I quickly get bored on Hive and LeoFinance, which is ironic, considering how much time I spent here.

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I was on fire

Yeah. I remember. I used to really enjoy your videos, from Costa Rica wasn't it?

!ENGAGE 50

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Aye, I mostly ignore these posts by now. I don't mind the occasional post surrounding Hive/Leo if it's interesting/fresh. But I don't need to read 5 articles a day why Hive is great ;-)

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It's kind of funny when the post is from someone new trying to explain why Hive is so great to the veterans users/readers :).

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I don't mind these honestly, been there, done that ;-)
I think it's a lot more annoying to see the hundredth reworded "Why Hive is great"-article coming from a veteran.

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I have the same view.
I'm rather new and while I don't usually write about Hive/Leo itself, I do write about stuff that is new to me but probably common knowledge to veterans.

I understand though, why a newcomer would do that. It's all new to them and therefore it can be a great starting point. Fortunately, I found out that a lot of veterans are very understanding about that and they will often comment with tips and bits of their personal experience to help newcomers move forward.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You are speaking truth. But most people don't think long term. !BBH

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Command accepted!

Very well-written! I'm also really involved with the Leofinance project and hodling seems like the right option. The team community here is what makes this thing great, plus the hard-working team behind all of it.

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I still have not dumped any coins which I've accumulated from my time on Steem/ hive and was so happy to receive the LEO in the first airdrop due to the Pal tokens I had also accumulated. You really never know what is around the corner. If there is a dump of cub coins I may even pick up some more although I have no clue about Defi in general. There is a lot to be said about trust in the teams behind these projects.

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I still have not dumped any coins which I've accumulated from my time on Steem/ hive and was so happy to receive the LEO in the first airdrop due to the Pal tokens I had also accumulated.

Same, although I have moved around plenty of STEEM to put it into projects like Splinterlands or dCity. Luckily, I never touched my LEO airdrop and only added to it.

I love your avatar. I used to collect ammonites in a quarry.

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Thanks about the Avatar. It is actually a sculpture I made many years ago. I have long been fascinated with the spirally critter.

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I hope this drop takes into account delegations. Most of my LEO is delegated to my @slobberchops.leo account. !WINE


Congratulations, @slobberchops You Successfully Shared 0.100 WINE With @khazrakh.
You Earned 0.100 WINE As Curation Reward.
You Utilized 1/4 Successful Calls.

wine-greeting
Total Purchase : 23477.534 WINE & Last Price : 0.290 HIVE
HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-


WINE Current Market Price : 0.280 HIVE

From what I understood it should, the tokens are going to the account holding the LEO, not the one receiving the delegation.

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Right on @khazrakh, I'm with you on this one. I plan to be active on both CUB and ProjectBlank. I've recently started getting into yield farming so CUB comes at a perfect time for me.

I'm holding out on noise.cash and will be participating fully with ProjectBlank. Nothing against noise cash it's just that I only have so much time in the day and dont want to spread myself to thin. That and I think what LEO is doing is spot on! Great community, great content, great tools, great leadership, if I had to choose I'll choose to put my support behind this group. Fun times!

So goes without saying I won't be dumping any airdrops, but I fully support everyones right to do what they like with their tokens, to each their own right.

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Absolutely! Everybody is of course free to do with their share what ever they feel is best.

Noise.cash has been pretty good for me recently, I make about 5$ in BCH per day at the moment with only like 15 minutes time spent there per day. That said, I'll fully switch to Project Blank once it's released. Until then, though, it's just free crypto and I like free crypto :D

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I have hodled all my LEO from day one and I will do the same with CUB. There is only one moment, I am constantly thinking about as a potential exit: the end of the current bull-run cycle. Shall I sell off my Hive, my LEO, my CUB and all the other glorious tokens I have acquired over so much time, to avoid another multi-year long bear market, where everything goes down 90% in value? Or should I hodl because this time, especially with LEO, things will be different? My rational mind tells me to sell, my heart tells me to hodl. I usually listen to my heart, which usually is worth it. I am torn apart about it this time, though.

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Aye, the dreadful end of the bull market... I haven't decided what to do their either.
I might take some profit, especially from BTC and ETH, but I think I'll just keep my Hive/LEO/CUB/..., I'm not in a rush with these.

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What I love about the upcoming project is their timing. While BSC is fashionable and there is a certain need for micro-blogging option, Leo is coming with promising projects. I believe that all these platforms will feed one another ^^

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Aye, that's the idea. If only one of the projects goes viral, it will take all other projects with it.

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

i simply will hold everything. I will never make a mistake to sell early

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Totally agreed, stacking everything until selling can make a real difference in the way I live.

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These are exciting times! I'm also noticing that what you say tends to comes true!

Thanks for the trust - I'd love to be correct on that one :D

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It seems like everyone is moving to BSC.... so I’m just buying BNB .... so far so good.

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That seems like a clever move :-)

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Up 1000 % so far.

That's... decent :D

I might dump some, maybe 5% - but that's based on the luxury of being fortunate enough to have nearly 40K LEO staked.

This thing has the potential to go crazy.

HOWEVER, it could implode - it depends on whether anyone outside actually wants a piece of LEO or not, otherwise we're left trading off each other, and people around here are pretty cagey.

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Absolutely, but it's a risk I'm willing to take honestly. I can't loose anything here, but I can win a lot :D

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I made the same mistake with Uniswap. Will hold onto this one so I don't have the same feeling I had with that one!

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Moral of the story load up on BNB it’s going to be a bumpy ride these next couple of months

My thoughts exactly: worst case scenario... you stay just as you are now! Nothing is lost. This team already gave more than enough proof on how they work, and that's enough of a reason for me to hodl them all! ;)

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Glad to see your rewards on this platform are higher than on others! This article in particular got me joining this platform. Although I do not really get it, yet. Is it only interesting for authors? Is there a benefit when I log in to leofinance instead of reading third-party links? -Still much to explore...

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