If I made a super simple gambling dapp but then connected it to LEO exclusively I could probably pump and dump it pretty hard. No one wants to sell this low, but demand is also very low. A tiny bit of demand would go a long way.
Even something like 1 LEO bets on a peer-to-peer coinflip might be interesting.
Heads I Win / Tails You Lose
:D
As always, it comes down to utility. With LEO, at the present moment, there is no utility, hence no demand.
Something like you suggest could create some demand although I would not want to see a pump and dump. But a gambling app that provides some utility and offers something to the people who are interested in that sort of thing is a great idea.
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Yeah when I said pump and dump I didn't really want much emphasis on the dump part. There's really no need to "dump" unless you don't believe in the project and you desperately want others to hold the bag as you exit. Either that or you want to dump at the top so you can buy in cheaper later.
As investors with 50k+ coins in a 4M-5M coin system we don't need to do any of that. We could just sell off our inflation and posting rewards and that would be more than enough capital injection into the market.
Leo will have bad liquidity until coins are worth A LOT.
With only 5M coins... One coin has to be worth quite a bit before LEO acquires some real ability to become liquid
You bring up a really valuable point. This is a situation where the holders of a lot of tokens can provide the full liquidity just by unloading their inflation and rewards.
That will keep the mix going while staking provides the support by "locking" up most of the pool.
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