RE: LeoThread 2025-08-04 18:04
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all those Hive being stacked by @leostrategy
the next few days of purchases should be fun to watch lol
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You are viewing a single comment's thread:
all those Hive being stacked by @leostrategy
the next few days of purchases should be fun to watch lol
what are they going to do with the Hive Power???
Is it powering it up?
I'd assume, curation, feeding the SIRP?
They're going to use it to buy LEO. All of it. The whole point is to get $100k raised to buy as much LEO as possible, and then stake it on Arbitrum to collect USDC. Then use the USDC and whatever curation rewards they get from their account to buy more LEO off the market each day. The idea is to just keep compounding the revenues generated to keep buying LEO and stake it. This LEO is "permanently" removed from circulation. It will never be sold.
So, like LeoDex is doing, they will be adding daily buying pressure and reducing the "float" of the LEO tokens in circulation. Then, down the road, they will build some financial tools to use with the LSTR token, i.e. borrow against it without ever selling, for one.