LOL @ Being Airdropped 22k LEO Tokens
I was just minding my own business and...
BAM!
SteemEngine tells me my account is worth a thousand more dollars than it should be... lol. What is this SteemLeo nonsense?
Apparently it's a community for talking about the investor/speculation side of things. Which, to be fair, is quite a big part of this space.
I immediately considered dumping all my coins knowing that a flash crash is surely imminent and I could buy them back later on the cheap... however, it's already pretty flash-crashed so I decided to power up my 22k coins instead.
It's interesting that this happened today, because I actually have a few things to talk about investment wise. I completed KYC on Bittrex and I am now using 4 different exchanges. I used KuCoin and Bittrex to buy a few coins that Binance didn't have. But that's a different topic for a different post.
@Airdrop
So apparently there are only 3.8 million coins in circulation, meaning I control half a percent of all coins. However, 2 million of those coins are locked in a sell wall set at 2:1 STEEM:LEO. Therefore, if the LEO community creates enough value to reach the sell wall my airdrop would be worth 44k Steem... lol. Sounds too good to be true. Maybe it is. Maybe not. Don't care. It will be interesting either way.
This whole situation reminds me of my recent post five-tags-for-five-different-frontends. Yet another tag I have to add to my posts to get rewarded with this coin... of course I talk about the investment side of crypto a lot less than I do the political side or various other random topics. It will be up to the LEO community to flag off topic posts that are leeching the reward pool. I'll try to avoid doing that myself.
Shitcoins vs Community
A lot of people make the claim that these are Shitcoins because there are better coins out there with more functionality and a higher degree of decentralization. This is false. A coin doesn't have to have superior functionality to be adopted by a community. A community simply has to embrace the coin to give it value. This is why I will eventually get around to buying DogeCoin and (more importantly) MonaCoin.
To call a token a shitcoin is equivalent to calling the underlying community that uses the token: shit. Does the DogeCoin community have nothing to offer the world? What about Japan (Monacoin)? Do they suddenly have nothing to offer because they broke off and created their own project on the side? These are ridiculous notions, and they get stuck in our heads because the world is approaching a radical paradigm shift that we do not yet understand.
Conclusion
If anything, this situation makes me wish I had more money to buy Steem.
The outside world is completely blind to what's going on here.
Congrats on the free money :)
I hope it's the new standard airdrop
That means we need more PAL
I could use more PAL lol
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🧡hope so!
I got 900 today and was pretty excited. I also thought about selling them but I figure what the heck. It's a community I will like to participate in because I really want to learn more about investing and speculating. I spend too much time relying on the community aspect of steem and feel like I should be learning more.
Appreciate that! There will be tons of opportunities to invest and learn here on Steemleo, that's what we're all about!
very excited to learn.
It’s interesting that the LEO tokens were dropped for Stake amount but not for delegated stake. The 1,000 PAL that I delegated to @actifit did not count towards how much LEO I got. I wonder if @actifit got the LEO instead.
Meh. Free is free.
https://www.steemleo.com/steemleo/@khaleelkazi/leo-airdrop-2-to-pal-stakeholders-who-are-delegating-pal
Contact @khaleelkazi if there are any problems.
Oh. Interesting. I would have assumed you would have gotten the LEO coins for your delegated PAL.
We can delegate pal to actifit?! I did it with steem ninja for some invite tokens but didnt know it was also doable with Actifit?
edit: Plus maybe you would know, is there an actual candle stick graph on SE?! or just the order book view?
https://scot.today/ has candlesticks
How do i find this?! I have tried but not succeeded hahah.. oh right, stoner moment hahahahahah! Thanks!
They fucked up the airdrop and I didn't get any. Probably because I decided to power down what PAL I had. I decided this whole buy in FOMO believing in everything here is making me uncomfortable. Combined with these communities being so centralized with half-assing their paperwork...it makes me uncomfortable. I got buy ins lower with PAL, but I'm not comfortable with the way things are now, so for now I'll be slowly getting out.
Looks like some ppl got very important lesson - STAKING is just as important as HODLING
HODL, STAKE & SHARE
I staked mine right away and picked up a couple of miners.
Thanks for showing your support, we appreciate it!
I did the same thing! Excited to see where this one goes...
And guess what! With these new airdrops
and incredibly quick dolphin and whale status you gain new followers as well. This all led to having Palnet coins staked as well. So just staking these coins is accumulating ‘wealth’ and solidifying new communities due to new influence you didn’t know you had!
Congrats on winning the lottery!
I received 720 LEO Tokens and I hope that the investment community will find some good sinks and services to provide value to the Token.
Thanks for snagging some tokens! We've got some cool stuff planned for token sinks in the near future like a LEO voting bot, stay tuned ;)
hey man all these coins on steem engine were they all airdrops at one point
have a good night man and i put something in your email that you will want to check out
cheers
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I'm kinda sick of giving people the benefit of doubt. I guess the main question is...is steemleo a good investment or a bad one?
I'll have to read a little more, but considering they randomly airdropped to pal holders and not people who regularly discuss investment, I'll say it's off to a shaky start.
I suspect we are going to see a lit of bad advice and marketing with this tag.
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I can't give a unbiased opinion on this subject because I'm in too deep on PAL, so you can take this for what it's worth. The PAL airdrop was one of the best one's I've ever seen. Coin distribution is all about trust. I trust the people with PAL so now I trust the people with LEO.
LEO is still massively flash crashed due to the airdrop, therefore, if you want to be part of a community that focuses on the investment side of things you should get some coins. They are massively discounted... and the fact that there are less than 4 million of them means even a couple hundred is a lot. You can own a millionth of the platform for far less than $1. That's just the way this game is played at the start. The project could sink or swim. You never know.
Personally I don't think LEO holders are going to upvote garbage but that's just me. To call the airdrop 'random' has merit but at the same time it is also incredibly targeted to perhaps the most trustworthy community on the platform.
The airdrop is not that big of a deal especially considering these flash-crash prices we see today. If real investment bloggers want to get in on this for a super cheap deal nothing is stopping them. They are essentially buying out PAL holders who want no part of it... which is even more of a reason to trust that the targeted airdrop was a good idea. Everyone left over should have the best interests of LEO in mind... theoretically.
I do think the PAL dtop was great. It can be improved. I would like to see similar drops, but sent directly to delegation (It can be done with Steem so it's possible to program at some point). People can powerdown if they wish. This will allow all more time to test and figure it out and prevent sudden dumps.
In anycase definitely more trust exists. LEO could do great. It seems they went with a quick, easy and alright way to distribute. Hopefully they have more to encourage decent investing discussion and not just leo or random shills. In my opinion decent investment discusses pros and cons. It isnt just a shill or marketing....those are fine if labelled as such. My fear is most of leo will be insanely scewed towards crypto in general and bizarre alts that can't even be bought with btc on a popular exchange (kyc and safu) nevermind with usd through a bank with anyone certified working at it.
If it does attract mainstream investors that will be awesome, but without alliances to existing forums, I'm skeptical.
In anycase, this is a topic that interests me so I may try to acquire some. I'll definitely be following.
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