New Hivers may not be aware that some of the Hive Tribes, like LeoFinance, offer more than just their reward token. For example, there is also the LEOM (Leo Miner) and LEOMM (Leo Mega Miner). The concept on these is kind of like the Monopoly game where you buy four green houses, which you can upgrade to one red hotel. As I have reached and passed 2000 LEO, which is not much, it occurred to me that perhaps I should start looking into leveling up. You can find these miner tokens at Hive-Engine.com website.
Leveling Up LEO
At some point in your tribe participation, you can trade in your tokens, in this instance LEO, and upgrade to LEOM. LEOM will pay you tokens without you having to actively post, comment, or upvote. Of course, you would be better off to continue your activity in addition to the earnings from LEOM. In this way your earnings depend less and less on your activity. Although, you would be foolish to stop participating, in my opinion.
In my case, I'll be using my LEO earnings to trade up for LEOM. Off hand, I think I may aim for a total of 200 LEOM. Once I reach that goal, it may be time to level up again.
Boss Level
Once I have reached 200 LEOM, I may then turn my focus to earning 20 LEOMM. These tokens can boost your earnings to 4X for about 1 hour at a time. The more tokens you own, the more frequently you get a round of 4X earnings.
The Mechanism
As you may have guessed, my goal is to have a ratio of 1000:100:10 in terms of LEO:LEOM:LEOMM. To achieve this, I don't necessarily have to use LEO tokens to fund the effort. It's just as easy to use other Hive Engine tokens and Hive to finance the endeavor.
I'll be selling off some LEO to bring my balance down to 2000 LEO. Then I shall use the liquid LEO to buy LEOM. Going forward, I shall be doing this in increments of 100 LEO.
Other Tribes
There are other tribes that also have miners and mega miners. Here are some current miners available:
- ALIVEM
- ARCHONM
- CCCM
- CTPM
- EDSM
- HUSTLERM
- LOTUSM
- NEOXAGM
- PALM
- SPACOM
- STEMM
- TIXM
- VIBESM
- WEEDM
If you support any of the communities and value the tokens, it may be worthwhile to level up to the token miners and mega miners. Yes, they do help you increase your wealth. However, by increasing your wealth and investing in the community via the miners, you are helping the community as well. In the long term, your value is derived from the value of the community. Thus, investing in miners is a way for you to grow the pie for everyone.
Posted Using LeoFinance Beta
Whoa! You are definitely on a total other level when it comes to Hive. I am going to reblog this so I can go back to process this a bit more. The terminology and understanding of the concepts seem easy, but can be a bit much to take in all at once.
When I look at your posts overall, you have a good understanding of how everything works and have put together a sound strategy. One that works for you and fits your long (and short term) goals. I always look forward to your posts because I know I'm going to learn. Even if I don't quite understand what I'm learning...yet. Cheers!
If you're ready for another brain explosion, you'll recall that SXSW where one of the people we met was talking about how awesome Quora is? Well, we have dpoll.io on Hive. Ask your question and earn.
Gah! Shiny Object Syndrome overload...
Posted via D.Buzz
A win win situation here, thanks for sharing this something I should look at doing as well especially LEO
Posted Using LeoFinance Beta
That's right. When LEO first launched LEOM and LEOMM, I didn't have enough to invest. It is only after passing 2000 LEO that I realized that I could finally afford to level up.
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One can quote Elon Musk, "if nobody makes stuff, there's no stuff". We have to keep making, growing, and moving.