An excellent idea. I never like the idea of burning money. It seems the model in crypto, do token burns. That is lazy and builds no value. It only helps to manipulate the token price.
Here you are building value with the ad model, generating cash flow which then can be spread out to all LP holders. Instead of the platform, ala Facebook making the revenue, those staking do.
Excellent move forward.
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I subscribe entirely to that. I don't believe in tokens burning. It's like throwing some cash into fire instead of investing it, while what Leofinance is doing with the Leo adds revenues is basically incentivizing LP holders into "staying invested". That will for sure affect the LEO price in a positive manner as well.
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This adds to the league of passive earning opportunities we have on the Hive blockchain. On the long run, I see that reward % grow to a double digit when leofinance becomes a leading cryptofinance news platform it is evolving into.
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Hive is amazing in that way. Endless opportunities
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We just keep adding to the amount of money coming into the ecosystem.
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Agree 👍
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100%
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By the way, I would presume this applies to all Leo sites. Have ads on them all and feed into the Leo Power Holders.
That would make the most sense and a strong way to enhance the value of the top token.
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yes! This applies to all LeoAds revenue on all LeoApps. Not all of the apps have ads but Hivestats, LeoDex, LeoFinance.io do.
It is highly likely we'll add them to LeoMobile in certain ways as well. We'll also be implementing a non-ads paid version of LeoMobile which would be some low subscription cost model where users can opt out of ads and instead the revenue is added to the LeoAds pool from subscriptions.
Onward 🚀
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That could be huge on the ProjectBlank application since that will likely get hundreds of thousands of users over time.
Vital to have ads on there that feed into the Leo ecosystem.
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This will 100% be a core model in ProjectBlank
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That is going to be huge.
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Agree 100%
It’s an idea which has money written all over it. It’s like an in-app purchase.
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Powerful is just the best explanation.
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I think the paid subscription model may be more popular then people would think.
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Does this include Polycub website?
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This is a great question @uyobong, but PolyCUB isn't built on a social model, it's built on a DeFi model centered around bringing in TVL and generating revenue from that TVL.
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This model is a true web 3.0 incentive model where users are benefiting and not the platform. Amazing :)
The users are the platform 🐾💎
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:) 🦁
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I must admit that burning tokens struck me as counterintuitive, and unclear if it had longterm effects. But lots of projects do it, so the crowd makes you think it’s right.
But why burn something of value?
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It was nice to revist this idea during the AMA the other day. Its interesting to coontrast the power of something like protocol owned liquidity versus burning tokens. Protocol owned liquidity removes topkens from circulation, like burning, but uses them to build intrisic value by buying other tokens like ethereum and bitcoin. WHile backing your token with the vakue of other tokens isn;t perfect, it's an alternative to burning.
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