Why Does Leo Remind Me Of Splinterlands?
Story time with Jongo....
In late 2020, I started getting obsessed with Splinterlands. Which may seem like I was late to the party, because I'm pretty sure the game was launched in 2018. And I was there, on day one when it was known as 'Steem Monsters' but when it launched I didn't 'get it'.
Wow. I'm dating myself.
I've been on this blockchain for a long time lol
Anyways, for whatever reason, Splinterlands grabbed my attention during the 'pandemic'. We all had lots of time to sit behind the computer screens and for me, I started to dive back into the game. What attracted me to it, was the ownership of the assets, or the cards that you collected to do battle.
And without getting into the gameplay or entire game, basically the better cards you had, the more competitive you could be in the game. There were a few options to get 'better cards'...
You could buy packs and cross your fingers that you would reveal a 'Gold Foil Legendary' card, the best cards in the game.
Or you could buy them on the open market. I chose the latter. And back then, I was buying Yodin Zaku regular foils for 20 bucks each and got a GFL version for a few hundred bucks. Then came the summer of 2021....
SPS was revealed. And for the next calendar year, Splinterlands members would be getting air dropped SPS depending on the assets they held in their account. And Gold Foil Legendaries equaled a LOT of collection power.
Here's the kicker....This wasn't a secret, Splinterlands had announced for months before the start date that they would be air dropping these SPS tokens and your collection power directly resulted in the amount of SPS you would receive daily.
So Jongo did, what Jongo does....I bought a lot of GFL's...
I have no idea what the price of these are now, but back then I was buying GFL's at around $50-$100 each. Sure there was the odd one that I spent more on but this is the thing about this....Every time I bought one, I got minimum 50,000 collection power that would eventually turn in SPS in the air drop.
Everyone knew this. And up until a few weeks before SPS launched, the prices of these stayed low-ish. As soon as SPS launched though....Through the ROOF! Some of these cards were being sold for tens of thousands of dollars each, and it was directly related to the surge in NFT hype and the SPS air drop.
Again....Everyone knew about SPS.
Everyone has the opportunity to buy in cheap.
Now let's fast forward to the present day and why I compare this with what's going right here on @leofinance
What do we know?
We know.....
The Zealy campaign was a raging success
Threads is another LEVEL of awesome
Marketing for the project has been very effective
The community is thriving and engaged
The new UI is getting better and better each day
You have leaders and whales in $LEO that want the entire community to win
And oh yeah.....You have the LEO Ad revenue model coming.
Leo Ads are coming. We all know this. This isn't a secret. And from all accounts, we are very close to an official launch date. So again....We all KNOW this is coming. No secrets...
Reminds me of the GFL's just before SPS was air dropped....
@taskmaster4450le spoke about this on our latest Crypto Maniacs podcast. In it, he mentioned that things are going to nuclear for the price of $LEO once people start seeing those daily ad shares coming into their wallets.
The more $LEO you stake, the more revenue you share.
We. All. Know. This.
So maybe the Splinterlands example is a bad one, because as you guys know...I'm completely out of the game! But that was for other reasons and $LEO is very different to me. I just can't help but see the similarities to these two projects...
Both teams have clearly stated WHATS going to happen.....
Maybe it might be a good time to stack some $LEO
Of course, this isn't financial advice, just an example of what I'm doing. But then again, my Splinterlands collection was worth over $1 million at it's peak....Let's just say I sold for a WHOLE lot less than that lol
But what Splinterlands did for my love of gaming, I think LeoFinance is going to do it for my love of social media!
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https://leofinance.io/threads/edgar-alive/re-leothreads-z6ypi4xg
The rewards earned on this comment will go directly to the people ( edgar-alive ) sharing the post on LeoThreads,LikeTu,dBuzz.
@jongolson - in my opinion #leofinance best resembles what CTP is all about. It's the model that fits an online marketer the best and it covers everything under one umbrella.
That's very much appreciated sir, being put in the same category as LEO. Everything here is a win when you can build so easily!
Posted Using LeoFinance Alpha
I am more interested in after the campaign ends. Will we see the similar traffic on threads? We all know this is going to be less but the question is how much?
We still need some active participants on platform which uploads pictures and thoughts. The mobile app will be the one which will add values and attracts more pople. No one want to use a social media at form from a web page to be true, if we have a app for sure this will be awesome..
Yeah problem is getting the app added to Google Play and the App Store. But we have seen it's possible thanks to 3speak!
Posted Using LeoFinance Alpha
As we age, getting into the game is hard. I wonder how many 40 plus people are into the game every day or atleast week. I feel it's draining a lot playing games now. I am looking forward to the LeoAds too. Having it in the backend so that we can use it for promotion it would be a profitable venture. Staking is already cool.
I was a 40 plus'er into the game :) lol
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I hope you're right that would be very good for Hive.
The no brainer of no brainers!
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Since we have an inkling of what's going to happen, we can't blame it on anything or anyone when the LEO boat leaves and we missed the opportunity of stacking it at its current price. The Leo ads model will be impactful on the LEO price.
That's my thinking but guaranteed, when $LEO goes up a lot, there will be whining lol
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I think it's a pretty good way to look at things and I hope you stick around in LEO. I like what they are doing with everything going on. The bounties have already pushed prices up and the ads will be adding to that in the future.
Yeah man, it's lining up great for the summer. Should be fun!
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I just stake the two LEO I had liquid on Hive-Engine. And hope to get more in the coming weeks!
Around 5 cents each right now, I think this is a steal lol
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I'll be honest. I havent seen much about the ad share stuff. Mostly because it doesnt really interest me. But I am curious whose eyeballs and where will these ads be seen?
Will the ads be contained only to Leofinance.com or will they be added to the body of a post that will then show on every Hive front end?
The adds are already there, the difference is that the Leo tokens that are bought, will not be burned anymore. Instead those with Leo powered up will start receiving more free Leo in relation to their staked Leo.
So the Leo finance team is directly sharing add revenue with everyone that has Leo staked. And the the more you have, the more you receive.
Couple this with a much higher add revenue, because of much higher numbers of clicks caused by the activity on threads and this could indeed be a game changer.
So the ads are on threads? I see no ads with ad blockers and Brave browser. So where does the revenue come from? Where are the ads served from? Who are the advertisers? How much are they paying to advertise. Etc These are important questions I do not hear answers to.
It's great to share ad revenue but many people run ad blockers for more than one reason. Many want privacy and dont want to be tracked all over the internet. If the ads are being served from some dumb place such as Google, Facebook, Amazon, etc then I know some people who would not want to share the ad revenue from that. It goes against the principles of Web3 and being decentralized. It's one of the main reasons for the general public to get interested in Web3 and not addressing those issues they will not come from that into the same thing wrapped in a new shiny wrapper.
Just listen to the last AMA.
And many Leo fans have turned off addblock for leofinance.io
Sorry. But I dont turn off ad block for anybody. If I have to see an ad to see content then I dont need to see the content.
Especially if I can pay the content creator directly with an upvote or tip without seeing the ad. Im not into double charging people.
But now you share in the ad revenue, which is unheard of in social media. It's as pure web3 as it gets, the owners of the tokens...Are the owners of the platform. We all get rewarded, the more ads are served.
Posted Using LeoFinance Alpha
It is not the first revenue share in social media. YouTube has done it for years. You may argue that YT isnt a social media site but make no mistake it is. Users interact with each other in a social way in order to keep eyeballs on the ads. It is just like every other social media site.
I would argue that it is the exact opposite of pure Web3. One of the basic fundamentals of Web3 is to cut out the middleman. Consumers purchase content directly from the creator. You own your content and you own your audience.
Not to mention that to serve ads means there is most likely an ad server somewhere ran by an ad agency, on an untrustworthy AWS or Google server/datacenter that is collecting some kind of stats to track said ads. Which is also another violation of a basic fundamental of Web3, privacy.
If the ads stay on Threads and are not shown on other front ends I have no problem with it. People can choose to not go there.
But it is NOT Web3. If we want real Web3 we need to think about other ways that doesnt include repackaging ye ole advertising models thats been used for 100 yrs or more into new shiny packages and pretending it's something "ground breaking and new". You can take crap out of a paper bag and put into plastic bag and call it "new" all you want.
It's still going to be crap in a bag.
If it does anything it will create a nice little inflated bubble that will eventually burst and it will be another thing the outside world will point at and say "See! Web3 wont work!!"
I guess I'm just frustrated with the way people are pushing the terms Web3. When you get down to it. Advertising is what gave us Web2. Do we really want to cram it into Web3? It is what caused us to run from Web2. It started all the privacy invasion, centralization, data harvesting, social engineering, governmental controls, etc.
Lets not start Web3 by doing the exact same thing.
We can do better. We have the best minds and the best devs in the world. We are Hive after all. Our children deserve better than Web2.5. Which is what ad's on Web3 is.
YouTube shares a tiny fraction of the revenue.
With leofinance all will be shared. The higher your ownership, the higher your earnings. This van only be done in a decentralized system
You do come across as frustrated indeed, also with an opinion without too much knowledge about the way leofinance has set this up.
The ads are on all leofinance websites, including threads. The revenue is shared 100% with those that have Leo powered up.
This is not the main income obviously. Most of that comes from upvotes. However it is a nice additional income stream.
I get what you are saying. But advertising is what created web2 and all the tracking, privacy invasion, data collecting and loss of freedoms. Advertising is not a Web3 principle and should not be crammed into it. Advertising has been used for over 100 years and never changed. Web3 is supposed to be different. Ads just makes it Web2.5. It's not Web3.
Ads will be the reason why Web3 will never be adopted by the general public.
I think you’re right on saying that this is web 2.5. Now that I think of it, a lot off things that leofinance is doing/building has both web2 and web3 characteristics.
Now you see my point.
It's the principles that we should not be willing to sacrifice for a little momentary monetary gain.
It's the principles that will take Web3 to the moon and back. But if we sacrifice any single principle it will ultimately crash the rocket on lift off.
Like the entire ETH ecosystem 😜
I do think the 3speak ecosystem will be absolutely key for hive.
You mean the Spk Network. 3Speak will be just a community running on Spk Network.
And yes it will be a key player in, not just the future of Hive, but Web3 as a whole.
But we can do Web3 now if we stick to the principles and kick out the old ideas of internet standards.
The Web3 of tomorrow like Spk is doing a whole new foundation that will solidify the principles and turn those principles into the internet standards of Web3. An OEM of Web3 if you want to call it that.
I turned off my ad blockers for leofinance, because it actually pays me if more people see the ads. So for me, I have no issue with a banner or two being placed within the content of Threads. It's very clean and tasteful, not in your face and annoying.
Posted Using LeoFinance Alpha
I guess I am a bit out of the loop, how is that ad revenue going to be paid out? Hive or Leo? I think I am sitting pretty good either way. I have a fair amount of Leo staked. Leo has taught me the importance of not getting caught up in the hype though. I now have a more tempered outlook on the whole thing.
LEO, depending on how much you have staked, you will get a chunk of liquid LEO sent to your wallet each time the revenue is shared.
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Gotcha. Thanks
Hello,
Thank you again for a good post, and the story. I keep trying to get back on here. :)
Keep up the GOOD work Jon!!
Always great to see you man!!
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I do agree that the transparency with the announcements regarding what is in the pipeline is very similar. I having been adding to my LEO ever since I learned about project blank so others have had information but either not used it or ignored it because they were focused on other priorities. Most are just focused on the short term because they have had promises after promises about projects and then they either get delayed or never happen but I think people will wake up when the revenue is deposited into their accounts. LEO jumped with Threads it will more than likely spike big time with the ad revenue. Forewarned is Forearmed.. buy while you can.
!CTP