One of the things Khal understands and many haven’t really gotten to yet is that (user generated) content alone isn’t sufficient to support a token. Khal has built a toolkit (LeoDex, LeoPedia, HiveStats) and keeps shipping constant new updates.
Don’t be surprised if some day (after few hundred Metamask signups) Leo introduces a GAS fee calculator or similar tools. These are underrated “growth hacks” and Khal has understood the importance of those.
Leo members just aren’t offered any time to let their energy drop, all while Khal keeps growing his traffic sources (and thus ad displays, as well as signup funnels). And everything is constantly linked.
Is Leo the best dapp? Without meaning any offense, in the land of blind one eye is king. There just isn’t anything even remotely close on Hive to Khal’s efforts and visions, and most of all to his constant delivery.
Conversations took place a while back where the idea of growth was put front and center. While others look for easy solutions that help token price, like burns, Leofinance put the effort into focusing upon growth. There was a conversation after it was announced to reduce the inflation rate where it was realized that growth is more important than inflation.
As we saw with wLEO (and still with LEO), few are aware of the inflation rate nor do they care. They are buying the token because growth, based upon most of the metrics provided, is taking place.
Even a hundred active users signed up through metamask would be a major lift.
Posted Using LeoFinance Beta
Burns are a gimmick. To stick with the land of the blind metaphor, they're a tool by the blind for the blind.
Besides, if ad revenue keeps increasing there's definitely many better ways to use that money to Leo's benefit than by burning few thousand tokens, probably less than the daily inflation.
User acqui is not free. Whether that is by creation of organic signup funnels, they need to be developed, or by advertising, in 2020 people don't come anymore just because you built it.
I agree that burn is gimmick unless it's coupled with other actions.
The XLM burning was largely useless.
https://dailyhodl.com/2019/11/05/team-behind-stellar-destroys-55-billion-xlm-will-ripple-burn-xrp-in-response/
It only created short-term speculative price increase. In the end, it actually centralized the network more as the team now holds a higher percentage of the coins.
!ENGAGE 20
ENGAGEtokens.While I generally agree burns are useless (unless they are systematic, marketed, and large) in LEO's case he is buying tokens off the market place and then burning. So it is not only burning, it is also creating buying pressure.
I guess the “taking the weak hands out” is the best aspect of most of the burns we see in tribes.
!ENGAGE 25
ENGAGEtokens.