Have you ever heard of these stories where at some point a token went 50x or 100x and made some people millionaires overnight? Ya I've heard those too...
But... guess what!
Some ~2 years ago, back on Steem, @khaleelkazi and I "met" under the comment section of a post. Long story short we discussed on discord where he let me know about his future plans and the vision he had to build something unique.
It was shortly after PAL was launched and to be absolutely honest with you even though I was a member of the Leo family from the beginning I didn't really think that a Tribe and especially one that would "strictly" target specific audience would have a chance to stand out and become a success.
How shortsighted I was...
2 years down the road and this guy never ceases to amaze me. Not only for all the hard work he has done those the past 2 years, but also for his integrity and finally because he keeps "stretching" his vision.
One would think that building a beautiful site that stands out from every other Tribe and a DEX to support all future tokens that would launch would have been enough, right?
But then he started to implement new features on the website to make users experience even greater. Small touches here and there that were making a huge difference.
And that's the precise moment where people who could see that something great was about to happen the following months should have started investing in LEO. Then, while it was still cheap...like 1 cent or so cheap...
But as we all know this was just the beginning...
After we had no other choice but to fork Steem due to the hostile takeover he and his devs built probably an extremely well functioning and detailed tool (Hivestats.io) to replace probably the most used and necessary tool on Steem ( Steemworld) because his developer chose the other side...
But we are not even half way there...
Because in order to make something truly unique you have to build build build. I mean why on Earth will someone invest in a token, let alone a Tribe token if steps towards the right direction aren't being made?
And that last step was a wise move.
The creation of wLeo along with the smart choice of it being pegged to ETH which is definitely the second most powerful token out there was a check mate.
What he wanted to achieve was to give value to the LEO token and in order to give value to a hidden gem you need to expose it. And what better way that the Uniswap pools that have taken a huge piece of the pie from CEXs.
It didn't take long to reach $500K worth of liquidity on its first attempt since everyone wanted to become Liquidity providers and claim a piece of the (300K if I am not mistaken?)LEO tokens distributed once every month should you be an LP.
A hack on the road wasn't enough to make LEO holders dump their tokens on the internal market since they have proved themselves and they are probably the strongest hands in the entire crypto industry.
A few weeks of patience and a few safety measures later and wLeo was back on Uniswap.
Only this time the timing was also perfect.
ETH started to moon and its price went from ~$750 to $2000+ as of taday. And so did wLeo's price...
And here comes the question. Would LEO be a success if it weren't "listed" on Uniswap? No it wouldn't have been...because internal market and the liquidity an Leodex and Hive Engine is just really small for a beast like LEO.
Onealfa which is a massive investor and believer wouldn't be able to make the big purchases he has made so far if it wasn't for this listing.
Nor the newest whale that popped up from nowhere a few hours ago and swapped 50 ETH for 123K+ wLEO tokens sending the price to new highs -91 cents- would have done that if it wasn't for that pool.
LEO didn't go 100x overnight...but almost 80x within 2 years...which is a sign of continuous effort and development. That's how legit projects grow.
All one had to do was to spend a few thousand dollars on better yet a few thousand liquid HIVE and buy as much LEO tokens as they could...back then...and they would be millionaires already...
But hey...don't be discouraged...nobody saw that coming...nobody but Khal...
If only you knew what's coming next...you'd probably be heading to a beach and start dancing naked...
~ 6 million dollars Market Cap and we are just getting started. And let sink in the limited supply of the token plus all the great projects that will be released the next few weeks...the new tokens that will be airdropped to LP's, LEO holders and those who possess miners, and the impact all the above could have on LEO's price and multiply that x2....
Have a good one people.
Cheers.
Posted Using LeoFinance Beta
