Leo Finance - LEO token needs to harvest more value to be retained as a prime asset
LEO cryptocurrency on the Leo Finance platform lived a tumultuous life by hyping in the bull market and deflating in the bear market. Swimming as the market dictates is not sustainable and at some point, some of the users might lose interest, while others might come back just when the price justifies it. In order to avoid such seasonal presences, I believe that LEO token needs to harvest more value in order to become an asset that everybody wants to hold regardless of the market conditions.
Tokenomics on Leo Finance needs to be built with the bear market in mind rather than betting on the hype from the bull market. Thus, it requires healthy use cases and a stable revenue stream that does not depend on the volatility of the market. One of them that was discussed quite much lately and that might take the shape of a smart contract could be the Ads used to buy LEO and push the price up. There is continued sell pressure for LEO and that can be seen in its price which today is around $0.05.
Being a content-based platform, Leo Finance needs to think out of the box and find new use cases that can help and motivate investors to hold onto the assets. Nothing else comes to mind in order to suggest one or the other, but I am sure that either the community or the Leo Finance team can come up with a plan for this. I am challenging community members to think and maybe provide ideas on how and from where the LEO token could harvest more value. Any thought on this would be greatly appreciated and who knows, maybe the team will find a proposal worth implementing or pursuing.
We can follow others, but we can also be pioneers in an industry where the first users are the ones that reap the biggest rewards. So dare, think, propose and who knows, maybe something amazing comes out of it!
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That's a great point! I think that other use cases can be correlated to blog posting applications and advantages, purchasing Hive tokens. And that's something already existing.
I would add a sort of small e-commerce in Leo tokens, for small digital assets or games and contests where Leo holder are asked to perform tasks and get prizes.
That's a good idea with Leo Tasks if those end up in revenue streams for the Leo Finance platform. And those to re-enter the cycle on it.
Yes, something similar has been introduced by Zignaly as well with Bids for NFTs sold at discounted price, and the auction is carried out with their native token (ZIG). That would be a huge work but starting with tasks to perform into the ecosystem would bring two values: performing actions aimed to make LeoFinance grow AND to burn/recycle tokens
Is the Whitepaper for the token finished?
I think it is time for a Leofund, where investors can buy the leofund token with swap.hive.
This fund then invests in promising defi projects on hive and on other blockchain’s to get yield.
I imagine a similar setup like the oneup-cartel has for play2earn games, where there are operators for each game that play the game for the cartel.
In the case of this fund these operators need to show that they keep up to date with the projects they invest in.
They can do proposals for investments and then the leofund holders get to vote based on their stake of the fund. Here some things can be learned from brofund.
The revenue streams then would be used to buy Leo of the market, which is partly burned and the rest is shared among the leofund holders. The operators also get a percentage of the profit they make and are required to post regular updates.
Leo Fund indeed could be another use case and I must say I thought of that as well. Still, during a bear market, this might perform badly as well so it needs to be wisely chosen, including stablecoins.
Yes, I’m the current market it would have to be conservative.
I still think that the fact CUB has stabilised due to MTB revenues and is paying out 35%+ to those in the bLEO:BNB LP is HUGELY underrated.
That alone has the power to stabilise the price of LEO at this marketcap.
Then add ad revenue that incentivises the creation of evergreen content on top of that in the future, and we should be excited.
Just my 2c ;)
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You are right, these should improve the tokenomics from Leo Finance.
I think LEO is doing fine with the Defi projects and ad model. However, I guess there could be some more gamification on LeoFinance. I know Khal has mentioned it a few times to gamify things on LeoFinance and reward people for getting to certain milestones on LeoFinance.
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Indeed rewarding users based on ranking and giving weekly upvotes for user's content creation could be a good incentive for long-term participation in the tokenomy from here.
I think that curation is a fine start towards incentivizing people to hold Leo, and the attractiveness of farm yields on PolyCub and Cubfinance are also good reasons to save, not sell Leo. I think another stream of income like a interest payment for saving your Leo would help. I have a Save to Win project on Cubfinance called the No Loss Lottery, which I plan to further incentivize at these cheaper prices to make it more worth while. Currently prizes are about 100 Leo per week. I think the other ideas like revenue enhancement which doesn't compromise the principkles and goals of Leofinance are something we all start to think about.
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We need to scale up the incentives in order to be competitive and ensure retention within the Leo Finance ecosystem. Everything helps, but ultimately rewards applying to the entire community are the ones that will truly push this platform forward. Think big or think bigger!