Leos' Looking Good Right Now, Happy November LPUD
I went for a 300 LEO Power Up Day today, slightly more than usual because, well, LEO is 50% higher on Hive than it was just a couple of weeks ago, so better honor it I thought!
That's on the alt @revise.leo bringing my LP up to a cool 27 200 and odd...
Of course the immediate reason for this is that Leo Ads are now live and buying up LEO, pushing the price up.
But that's just the immediate reason, the result of months of quiet behind the scenes development so that we are now in the VERY early dayz, I believe, of something of a virtuous circle on Leo....
If you read this post on Re-introducing Leo Ads Revenue it gives you an explainer of what's occurring...
Three reward pools...
The first I guess is the regular LEO that goes to content creators via curators.
To summarise what is a pretty technical process for the 'second reward pool' (read the post for the details, please!) ad revenue makes it way to the @leoads account as LEO (which is bought) and held as LEO POWER which is distributed to LEO stake holders, but you have to have voted on In-Leo over the last month to get yer share!
Basically the larger your LEO stake, and assuming you are minimally active curating on in-Leo, the higher revenue share you get from that Leo Ads rewards pool.
And EverGreen rewards....
This is a third rewards pool....
A small percentage of the LEO rewards pool above will go to content creators who published through InLeo and are above a threshold for minimum views.
And right there is your crucial link in the virtuous circle.... this encourages people to publish on In-Leo, quality content that is, which should help drive the ad revenue...
This all sounds good to me...
This is VERY early dayz, and although LEO is 50% higher than it was two weeks ago, possibly this is just the beginning....
That low percentage yield we have been getting on just staking LEO and curating, that's already higher now, and there's consistent buy pressure combined with incentives for, well, just holding LEO!!!
Posted Using InLeo Alpha
The biggest issue at the moment is lack of ad support again. That spike and that increase is I would honestly say 90% because of the ad buyback program so let's hope they get things squared away soon. There's really no reason LeoAds shouldn't be making at least $1,000 per month at the moment.
What's the traffic with LEO then...?
Due to the good market, we can see its price increasing in the near future, wise people will definitely start buying it here.