Leo Staking Equals More BBD Coins

Welcome back to the channel. I hope you're having a great day. So looking over here in Leo Finance, the, the Leo, the Leo project, the Leo token has, uh, been on the upward move and it has broken over a dollar. So I'm not sure how exactly how far up it's going to go in value. I've heard predictions anywhere from $5, $10, $100, you know, just astronomical figures. And whereas I don't know if any of that's going to be the case, what I do know is that what's happening, uh, with our introduction into the community, speaking about our project BitcoinMYK, another token, another financial product and, uh, interacting with that community. Um, when we talk about the project and they upvote the BitcoinMYK, uh, products and, and videos and content, um, being that a lot of our business is about giving away money, our signature headline is universal basic income, uh, cryptocurrency on the blockchain. And so velocity of money, good distribution, that's our business. So anytime we receive money, generally that money has to circulate back throughout our community, our platform. Um, and so it seems no different with the— they give us these LEO tokens and it seems to not be any different there. So what What it seems to be is people who have certain stakes in Leo, they're able to upvote in different increments and amounts of the token, and it has a dollar value. Excuse me, excuse me. It has a dollar value, and that actually comes into our coffers. So what do we do with this money? What does a universal basic income program do with any money that's generated into it in some capacity? It could act like a holding company, right? Or, or some situation like that where these cryptocurrencies, this value from what we produce, is stored someplace or held someplace. Maybe it could be held in an account, um, that is scripted or something like that. And so there are several things we could, you know, we could look at. But what seemed to come to mind, what was easier, was that, uh, well, why don't we just give it back in the form of our cryptocurrency? And what generally is happening is we're pretty much giving almost all of it back. It's with the exception of our, um, uh, you know, what the— what their— what goes back into their pot, their rewards pool, their curators. And that's about, I believe, 50% goes to those guys, right? And how we generally do it is then that's going to leave half for us. Um, about 20% of it just goes back into the BitcoinMYK pool to share with everybody else through the cryptocurrency. And the rest of it is, uh, of all we receive, the other 80% is going back to the stakers who cast the vote, right? And so that can work well for them because as they're voting on our content, which I believe to be very good content, um, they're receiving it back, um, in a— and it's not a standard cryptocurrency they're receiving it back. They're actually receiving it back in our stablecoin or the Bitcoin MYK Back Dollar, right? Um, so the, um, it's, it's basically sent back in the form of the Bitcoin MYK Back Dollar, and this is a very stable token. Okay, it's, it's meant to act like a stablecoin. And so it's not really the type of cryptocurrency that works like many others where there are these big, you know, 30, 40, 50% drops in a day. And it's this kind of unique stablecoin that's kind of backed up by its social network. And then as it grows grows, the value and the buying power of the coin grows, right? So a little bit different than what you might get with Tether, you know, and many of these other stablecoins, but it does facilitate all the important factors of them. Um, it is just that the value moves up so gradual in a sense you can barely notice it, right? So it doesn't shock the market. But Leo stakers who, uh, and this will be extended to other social networks, systems, and many other places we gain value in this sense, they receive these Bitcoin NYK back dollars, right? And so that's probably another great perk for staking Leo, right? Because if you're staking Leo, then you're going to be able to, you know, probably get more Bitcoin NYK back dollars. So that's pretty interesting stuff. Um, if you like information like this, if you're interested in projects like this, be sure and leave a comment or visit our Discord, our website at BitcoinMYK.com. We'll be more than happy to, uh, explain to you how it works, why it's so interesting. But that's all I want to say in this video. If you like content like this, don't forget to like, subscribe, and until next time, as always, take care.