Is the Ads revenue from Leo Finance invested back in the blockchain or used for DApps improvements?
(Edited)
LeoFinance brings some revenue from Ads and with the community grow that should bring more value. The question that comes to mind is the following...
Is the Ads revenue from Leo Finance invested back in the blockchain or used for apps improvements?
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It is used to buy LEO on the open market and burn them.
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Good to know, nice way to move some income from external sources back inside the LEO token itself, low token distribution should mean more value for it.
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All ad revenue generated from the suite of LeoFinance interfaces and apps is used to buy LEO off the open market and then burned.
When you burn a token, you are permanently removing it from the circulating supply,
With supply decreasing and demand remaining the same, the idea is that price should continue rising as a result of these burns.
Check out the market depth view of the LEO market on the LeoDex below.
That huge green buy wall is the LeoFinance ad revenue at work, ready to soak up any liquidity on dips and permanently burned.
Great system to make the LEO token have more value, it is like the ads income is transfers into the LEO itself.
Posted Using LeoFinance