LeoFinance Didn't Lose Any Users in 2022 Amidst Crypto Winter | The Path to 5,000 MAUs

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Dalz is the stats man of the Hive blockchain! He posts all sorts of really interesting analyses of various aspects of the blockchain and the dApps on it. In one of his recent posts, he analyzed all of the Hive blogging frontends.

As expected, there was a drop in users across all frontends. Whenever a bear market hits, the more "loose" users of Hive tend to leave the chain and not use the apps.

Something interesting came out of that report, however... LeoFinance was the only frontend that actually didn't lose any users. We have flat usage stats over the entirety of 2022.

Why is that? LEO bottomed out with the rest of the market. Why didn't people leave the way they do on other Frontends and more broadly speaking - on other crypto projects?

LeoFinance has a very hardcore userbase. We've been through the ringer together and come out the other side. This combined with constant development and an eye that is always on the future likely has some contribution.

Ultimately, I believe it's because the community is so ambitious and so collectively organized around our mission. I think all of us who are here today are in it for the next 10+ years. The fact that LEO is $0.055 right now has no bearing on our usage of the platform on a day-to-day basis because we all believe in growing this place from the current 500 MAUs to 5,000 MAUs and then 50,000 MAUs and beyond. The token price rising from $0.055 to $1 to $10 to $100 is all a part of our vision in the long-run but the token price is only a piece.

Community is everything.

  • LF didn't drop in users through 2022
  • Dalz report
  • People stop being active when prices are low, misunderstanding of how to stack cheap
  • No different than people buying at 50k and refusing to buy at 20k thinking it'll go lower
  • We're not losing users but we're not gaining any. 2022 was about survival, 2023 is about growing from 500 MAUs to 5,000 MAUs
  • Comparison to Twitter - mobile users: the new UI shows the interface as in-app

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io


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6 comments
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Considering how many "fairweather friends" are part of the Hive ecosystem, it's pretty impressive that LeoFinance didn't end up with a loss in user base. This, in SPITE of LEO being 22 cents at the start of 2022 and 4 1/2 cents by the end of the year.

Let's hope 2023 is a year of recovery and growth!

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Success does not come so easy, i think this year will be the recovery year more success is coming for leo specifically and crypto in general

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👏🏻 This is really amazing that LeoFinance MAUs are so stable against the general trend. I think indeed it’s because of you’re into investing and finance you know there is volatility, up and downs, but the longterm trend is positive. If you’re into the right projects. And I think LeoFinance is one of these projects.
Keep on engaging, guys! We are on the right track! 💪🏻
Thomas

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This is definitely a win for LF during the bear market.
LF has a lot of good projects and a clear roadmap with detailed updates & explanations.
That makes me trust the team and I don't leave LF during the hard time.

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This shows great resilience for Leo Finance in a bear market and also the trust of the community for this platform and what's to come. Keep on building and we'll be here!

Posted Using LeoFinance Beta

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