Bought 1 LEOMM, any chance for ROI? by funtraveller

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· @funtraveller · (edited)
$0.51
Bought 1 LEOMM, any chance for ROI?
![image.png](https://files.steempeak.com/file/steempeak/funtraveller/svyQPdGi-image.png)
[source](https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjA5qe-1KHjAhX68HMBHdBHAUwQjhx6BAgBEAM&url=https%3A%2F%2Fsteemit.com%2Fsct%2F%40donekim%2Fscotbot-steemleo&psig=AOvVaw1lcj0KQZ8Baz7bqGnj750k&ust=1562549440765752)

Last night I was trading some Pal to Leo and did some quick buy & sell of Leo tokens. I was lucky enough to earn around 7.00 steem out of it. Since the last Leo airdrop, it looks the dumpers has finally subside and more users are buying for more. At the moment, Leo are bought at around 0.139 Steem:Leo, few days ago it was around 0.075 Steem:Leo. So keep staking Leo everyone!

![image.png](https://files.steempeak.com/file/steempeak/funtraveller/OhwlJuLQ-image.png)

About my earnings from the coin flipping I did last night, I figured to buy 1 LEOMM and see what returns will I get from it. Well, the good thing about it is that it will generate some Leo tokens passively for as long as Leo is still alive. It could be 2 years, 7 years, or even a lifetime if we wanted to and for as long as we believe in it.

**The total mining power of Leo is about 530,000 and the current staked mining power is about 7,287 so about 1.30% have been staked so far.** I would say it’s still in its early days and so there is still a better chance to have a good return out of it.

**For 1 LEOMM, the chances for me to receive any LEO tokens every hour is:**

**1 LEOMM x 4 / 7287 Staked Mining power = 0.05%**

That looks like a slim chance but let's do some observations for now.

So why 1 LEOMM if many of the miners are buying in bulk? I’ve been meaning to buy more however I wanted to make some tests before I fully decide on it. As it seems, mining tokens requires time before I see a good return while trading/flipping might only take a few days to make a good profit. 

Mining will provide a more stable flow of token earnings and the only time that you will spend on it is when you’ll claim for the rewards. It all depends on how your personal preference.

![image.png](https://files.steempeak.com/file/steempeak/funtraveller/8qK2KAOL-image.png)

Just a quick reminder, don’t forget to stake the LEOMM after you bought it :)

Cheers!
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 87 others
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vote details (151)
@cnbuddy ·
帅哥/美女![欢迎在steemauto里设置跟赞 @cnbuddy](https://steemit.com/cn/@shenchensucc/6y3bap-cnbuddy-cn) 给整个cn区点赞倘若你想让我隐形,请回复“取消”。
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@khaleelkazi ·
$0.02
This is a great post. I’ve been meaning to make a post about mining and how it all works as I’m getting swamped with questions about the mining tokens.

My observations thus far are that 1 LEOMM will currently payout at least 1x a week (likely, but it fluctuates and there are tons of variables).

The return on winning is a little over 1.1 LEO, so it’s  a relatively good ROI comparative to the cost of a LEOMM (6 STEEM) in my opinion.. but I’m biased ;)

Thanks for making an awesome long form post. I like it because it’s about Leo, but I like it even more because it’s the kind of content we want on this platform - long form, well thought out and high quality investment content. Keep it coming 😎
👍  ,
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vote details (2)
@funtraveller ·
$0.03
Thanks for the recognition. I was a bit late for Pal and so since I managed to get in early to Leo, I figured to invest more on it.

About the return, 1.10 Leo a week is considered a good return for me. With the way things are progressing for Scot tokens, I wouldn't be surprised if Steemit users will find Scot tokens more valuable than Steem itself. I hope to see Leo reach the 1:2 steem:leo ratio in the future. Cheers
👍  , , ,
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@khaleelkazi ·
Of course! Please keep these awesome investing posts coming. This is exactly how we will build Steemleo as the most desirable platform for content creators to discuss investing! 

Yes, being early will make a HUGE difference in ROI. Not that many miners have been sold yet, so the mining difficulty is relatively low at the moment. 1.1 per week is very rough as well, I’ve  got an account set up that has 1 mega miner and I’ve been monitoring from afar and that’s where it seems to be at the moment (every few days). 

I hope so too. I know we can build something amazing here with proper content discovery, curation and moderation. We’re just beginning a long and hard journey, but I know it’s going to be more than worth it in the end. Thanks for being an essential part of that journey 😊

Posted using [Partiko iOS](https://partiko.app/referral/khaleelkazi)
👍  
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@j85063 ·
Thanks for the information on the LEOMM.
👍  
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@funtraveller ·
You're welcome. I'm glad to be of help :)
👍  
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@financialadvice ·
Thank you for this information.  Where did you get your source for the total amount of LeoM and LeoMM staked from? I'd like to keep track since I also own one LeoMM.

It's too early to calculate an ROI, a few days is not enough time to make a meaningful calculation. We don't know what the demand is like and there is lot's of fanfare about the airdrop.
👍  
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@funtraveller · (edited)
You're welcome, it's is from 

https://steemd.com/@khaleelkazi

![Screenshot_20190707-143905_Chrome.jpg](https://cdn.steemitimages.com/DQmXfhqVWDfdQdDe6oAeNDyNwAx6B6EmB9PntR2sKkqEwVj/Screenshot_20190707-143905_Chrome.jpg)

Here's the current staked mining power, it's currently 8311

From there you can check who's receiving x amount of Leo per hour
👍  
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@anthos ·
![](https://cdn.steemitimages.com/DQmTgG4C6Pen7Uz1ADt3nyUqnDkDHb3T2KQ6yUiG3ciipbG/image.png)

The current Staked mining power is 13,792 it's a 39.74% increase since 3 days ago.
👍  
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@cryptkeeper17 ·
Nice call on testing the waters @funtraveller.  I picked a few up after I saw what the coin was all about and realized there was real staying power.  For whatever reason it seems that these miners have had a lot of success in getting mining hits versus the others I have picked up so far.  I liked it so much I have been buying as many as I can get my hands on.  Look forward to when you get your first mining strike it's really a cool feeling.  A lot of these are selling because of that I think and the coin doing as well as it is doing is really jumping sales of the mega miners also.  Best of luck, hopefully you get your first hit really soon, and interesting breakdown on the odds.
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@rosacoins ·
Hi @funtraveller, I mined 50 LEOMM 12  hours ago and got 12 LEO. You can see it in my first post.  Maybe you can  build the equation because I have no idea how the equation works.  We can try to keep track of this to see how it goes.
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