As you have probably noticed by my previous posts and resteems, I like Steemleo. And as a wise monk once told me, a man's true purpose is to shill his bags. And this post is me doing exactly that.
As of today I am sitting comfy at a stake of 4.500 and something coins. When I bought my first steemleo coins I also bought and staked some SteemLeo Mega Miners because..why not!
Now, I don't understand exactly how steem engine miners work, but if I get it right, they are something like masternodes. The more you have, the higher your chance to stake some regular coins. Steemleo has two kinds of miners, the regular ones and the mega ones, with the latter having a 4x chance to mine a coin compared to the regular ones.
Since I have a small penis, I decided to compensate for it and bought exclusively mega miners:
Initially I thought it was a dumb move because the staking earnings were really small. Soon after my purchase, I thought I could make way more just from curation, if I had invested the same amount to regular steemleo coins. That maybe still true, but LEOMM has proven to be quite a good investment too.
For starters, as can been seen on this page, I mine about 0.9 leo a day. Which to be fair is a stupid amount. But.. But! Initially, I bought my megaminers for less than 5 steem a piece, 4.5 if my memory serves me right.
Today, there are buy orders at 5 steem a piece which means that even if I am impatient, I can sell them right away and make my capital back with a small profit, without counting the leo I have mined in the meantime:
Of course I don't plan to sell them anytime soon. Unlike regular leo, LEOMM has a fixed circulation which thanks to all the burn initiatives by the steemleo team, actually becomes smaller and smaller. As you can see below, over 77 % of all LEOMMs are burned as of today:
In case you wonder, a month ago the number of LEOMMs burned was 66 %:
Now, I may be stupid but with LEOMMs becoming scarcer and scarcer by the day, their price will probably increase, at least when compared to STEEM. And less LEOMMs, probably also means more coins mined per miner staked. So, yeah, if you plan to buy a steem engine token I think it's a no brainer LEOMMs is a solid investment. Their price will probably increase as time passed plus you get to mine regular LEO coins.
Shilling mode deactivated.
DISCLAIMER
For fucks sake, yes this investment advice. Perhaps shitty, but advice nonetheless. Go sell your testicles or something and buy some LEOMM. NOW! I am looking at you @bluerobo