I have put myself in a position to think about what to do with my LEO tokens. I may convert my LEO to Hive, or transfer the LEO to an alt account. I have begun the unstaking process. The reason why I am doing this is that the alt account focuses more on finances. That account is doing equally well with LEO. Most of the LEO I have on this account is legacy Leo from when I first started blogging. Since then, it has sat there staked and not doing much as I don't post to LeoFinance too often with this account.
Previously, I had delegated my Leo to the alt account. But, this causes problems. I think I undelegated too late. So, I hardly got any CUB from the airdrop. This wasn't the first time I got left out because of my delegated Leo. This got me to finally decide to undelegate and do something with it. So, what do I do with it?
Converting to Hive
The first thing I can do is convert my Leo into Hive so that I can power up my account. The market has been good for Leo. So, this would be a significant boost to my account, almost a 50% pump in HP. This has advantages such as greater rewards and more HP to lease out. The percentages of returns are roughly the same, except that the numbers are larger. As it stands, I find it much easier to earn Hive now than when I first started. A 50% pump in HP would boost that.
As a Hiver, I don't make it a point to post, curate, or comment daily. This is somewhat of a money-generating hobby, until it isn't. At some point, this account may get out of hand, producing meaningful income. It would certainly make for a good retirement in a couple decades.
Transfer to Alt Account
I could take my Leo tokens and then transfer them to my alt account that is more focused on LeoFinance. This would double my LEO stake and increase my Leo earnings there. The transfer would be a 100% bump to the alt account. In other words, my Leo stake would double. The way Leo has been performing, this might be the turbo charge I need.
Sell it?
Another option is to take profit. I could sell my LEO tokens and buy my wife something nice. The only trouble with that option is that my financial horizon is rather far. $1,000 would solve a problem or two. But, it would not be life-changing. I strongly suspect that by not selling, I could build something life-changing.
These are exciting times in the Hive ecosystem. There were times when I thought we would never break out of $0.20 again. Yet, here we are. What I decide today will have an effect on the coming decades. I couldn't imagine where Hive would be in one year, let alone 20 or 30 years. For that matter, who would have thought that a layer 2 token on Hive would have come so far? Where will Leo be in a couple of decades. It's frightening to imagine.
Posted Using LeoFinance Beta