Why LeoAds is a "BIG DEAL" setting LEO up for an amazing experience!
I must say that this one came off to be very shocking as I never could imagine a platform paying back all ads revenue to the community members, it's quite a move and has certain effects that will play out.
I Began giving Leofinance some more attention some months back when I resumed writing on hive. Starting blogging all over isn't always easy after a long while of busyness, but slowly and steadily, I'm crawling out of that shell. With lots of things being pulled up at the development level, you'd believe the team is quite occupied that bringing so many surprises to the table isn't expected.
As anyone would attest to, running an economy isn't such an easy task, and when this has to do with crypto, it's much more difficult considering that the level of greed and money thirst in this ecosystem tend to be 10x above the country level.
As such, one mistake could cause uncontrollable circumstances, while on the other hand, the right moves would give room for growth. I love the path the Leo team is taking and more often than not, there's a growing zeal to create value at every instance. These are efforts that translate into success at the end of the tunnel!
Leoads; what? why? possibilities?
A few people know that Leo frontend has ads running in them, mostly because most browsers run ads blockers, but for a Leo fan, I believe after reading this, you might consider disabling them. You see, ads are one way to monetize a website, frankly the most used format if that defines it well. According to this post from @leofinance, the site pulls in just about $4,000 as ad revenue!
That's impressive when you look at the size of the community, and the monthly traffic.
As the post embedded above says, the Leo team is working on a contract that takes the ad revenue and distributes it as Leo to Leo power holders, good one @khaleelkazi, make it harder for people to decide whether to stake Leo or have it in pleo-wmatic pool:)
Building an enormous economy!
It's a tough call, but that doesn't make it impossible! While I recently posted an article on how pHBD would foster polycub economy with Xpolycub Lending playing in, there's more to look at on the LEO side of the story!
Bringing the value back home is important!
This is something I expect Leoads to cater for! Lot's of what is being built on cubfinance and polycub has a buyback mechanism. Meaning that value is being extracted and used to support the price/platform overtime, this puts the token economy on a support level existing above the investors' impact. With that already flying around, Leoads is yet another buyback mechanism being put in place.
So get this, a smart contract is being developed to use Leoads revenue to buy Leo, deposit into a monthly distributing pool that pays out the Leo to Leo power holders! While everyone is looking at how this adds more Leo to their wallet, it's cool, but many don't realise it also influences the value of their initial bags.
The idea of buying Leo and not just distributing the revenue as BTC is to create a support for Leo price, so a healthy Leo price or better an increased price is the ultimate goal?
Sure at the moment, the price impact would be relatively low, but imagine the impact with a much larger revenue? Which means more people using the frontend? It's crazy to think of, because that literally means that Leo power holders get "Airdrops" every month for holding "LEO". Now this is very sustainable so long as Leo exists, the value keeps flowing in, so imagine a $1,000,000 revenue being airdroped each month? Crazy right? This is what happens when you're building on this space!
So why would you consider removing your ads blockers? In one way or the other, you use up your internet subscription, so as a Leo power holder using leofinance frontend, you're only paying yourself back some percentage of what you spend, which lets not forget has every tendency to grow in value overtime as the process continues!
In the long run, this will have a good effect on the Leo economy, which is why I am personally looking at ways to increase my stake size from here onwards.
Keep your fangs sharpened 🦁
Posted Using LeoFinance Beta
!PIZZA
Gracias:)
Posted Using LeoFinance Beta
I think people are going to be extremely surprised by the impact that LeoAds has in the short-term and long-term. It creates a perpetual value cycle
Posted Using LeoFinance Beta
I am frankly excited about how things are going, if we can up the number on activities on the frontend, that alone should put us in a good position for outside traffic!
Posted Using LeoFinance Beta
Engagement is always key. Nobody wants to have around a "dead" site.
Posted Using LeoFinance Beta
I wont.
It is pretty clear. The $4k is the baseline and we just need to start really expanding upon that.
Give it a year of dedicated effort and we will see something really big taking place.
Posted Using LeoFinance Beta
Were a long way from that yet but your thinking along the right lines.
All the major social media platform are supported by ad revenue but it all flows up to the board of directors.
Imagine if facebook distributed that revenue to it's most active members every month. We would all be racing to earn their tokens.
This is just looking at that form the very early days and getting in on the ground floor. If we can see the site continue to grow over the next five years then it could very well grow to high levels.
It's great to be an early investor and the supply of leo would get very scarce if they could start taking in 100k a month in ad revenue and distribute it out to holders.
Posted Using LeoFinance Beta
I am not sure how long we are honestly away from it. I think there was a lot of development already undertaken. The ads are in place, accumulating revenue.
We just have to get the traffic increasing.
Posted Using LeoFinance Beta
I removed my ad-block (brave shield) on LeoFinance a long time ago back when they were burning the tokens instead. It was adding value to the price but I do agree that giving it to the stakers is better than burning it. Given how many Defi platforms Khal wants to create, there will be a liquidity crisis for LEO tokens.
Posted Using LeoFinance Beta