Hello everyone! The Leo token is seeing a massive pump these days. Astute investors in the InLeo platform like @jongolson and @selfhelp4trolls who have bought lots of LEO before and still buying today have some ideas and probably already expecting the pump but to others who don't visit their chats, it may come as a surprise.

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What's InLeo?

InLeo (formerly LeoFinance) is a frontend and social media platform built on the Hive blockchain. It's mainly for micro-blogging called "threads" like twitter but nowadays, similar platforms like Snaps and Waves have come up on Hive. It has a native token, LEO traded on hive-engine which can be earned from long form post and threads post rewards. Initially, it had a max supply of 1b and increases its supply regularly making the token inflationary. InLeo is backed by a strong community called "Lions" and pride (pun intended) themselves on their passion for the community and the LEO token.

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Why is LEO?

Why is the LEO token pumping so massively and close to equaling Hive price? The InLeo founder @khaleelkaazi introduced LEO 2.0. It marked a major overhaul of LEO's tokenomics. It locked the maximum supply at around 30 million LEO tokens and introduced token burns, making the token deflationary. Rewards from long post and threads now come from a buybacks instead of new tokens being created. This is done through SIRP (System Income Rewards Pool) which funds content rewards via buybacks from InLeo generated income.

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How is LEO?

How does LEO benefit holders? LEO holders can stake LEO and earn curation rewards. They may also choose to delegate LEO to @lstr.voter to earn rewards. More importantly, users can stake LEO on Arbitrum to receive sLEO, which accrues daily USDC rewards. It is funded by affiliate income from ThorChain, Maya, ChainFlip, and other integrations. After a 90 day buyback phase, 100% of affiliate revenue is redistributed to sLEO stakers.

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What is LSTR?

LSTR (LEO Strategy) is a fund backed by LEO whales which aims to acquire and permanently stake as much LEO as possible. It's initial sale of 100,000 tokens was offered at 4.25 HIVE per token. It has already sold out. Currently, the fund holds over 700k LEO and they're still not done, creating buying pressure and driving LEO price up.

LSTR price itself has pumped 3x from its initial offer of 4.25 Hive per token.

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Disclaimer

This post is not an invitation to buy LEO or LSTR. Crypto is highly volatile and you may lose funds if you're not careful! I myself have been burned many times than I care to admit. Please do your own research and manage your risks before investing in any token.

Posted Using INLEO