... you'd be wrong.
Let's take a good look only at the latest 3 announcements of @leofinance.
I'll use a lot of quotes. You'll notice some of them are no longer actual, from 6 days ago. That's how quickly things change. Whether this is 100% due to the unpredictability of developing multiple projects simultaneously, or marketing strategy also plays its role, it isn't so important for us to know right now.
Ok, let's dive in.
The first application of LeoFi will be a leasing app for LEO Hodlers.
Looks like plans changed, and CubFinance will be the first. Unless they'll be released at the same time.
We'll introduce additional applications to the dashboard that allow for a wider variety of DeFi applications for LEO/WLEO/BLEO.
A 2nd dev is working on an ETH contract for the 2nd application of LeoFi, tentatively referred to as LeoFi "Lending".
So, a second application of the LeoFi suite will be on Ethereum.
More recently, we've started building a new application on the Binance Smart Chain which will not only handle bLEO but will introduce an entirely new aspect to LeoFi which will put the LeoFinance project directly in front of major DeFi users.
We already know quite a few more details about Cub Finance and CUB token since this teaser.
Here's another confirmation that LeoFi will have applications on Hive, Ethereum and BSC:
LeoFi is about to launch 2 major products on another blockchain. These developments will effectively make LeoFinance a tri-chain project (operating applications on 3 blockchains simultaneously).
This is from 4 days ago:
In less than a week, two more products will enter the LeoFi branch of LeoFinance and introduce a number of interesting dynamics to the LEO (wLEO) token economy.
I think one of these projects is highly anticipated and everyone can guess what it is but the other is an entirely new beast. We're excited to see how the community reacts.
The "new beast" is obviously CubFinance. Does this also mean we will have Project Blank launched very quickly as well or there has been a change of plans?
And now some details about CubFinance from the last announcement:
CUB is a DeFi-based smart contract application on the Binance Smart Chain. We've adapted a collection of smart contracts and Binance protocols to build an entirely new application for the LeoFinance ecosystem.
CUB is a DeFi-based smart contract application on the Binance Smart Chain. We've adapted a collection of smart contracts and Binance protocols to build an entirely new application for the LeoFinance ecosystem.
This project is the stepping off point to the release of a wide range of DeFi smart contracts that directly incorporate bLEO, wLEO and the entire LEO token economy.
This first application is built to serve both bLEO, the existing LeoFinance community and attract Binance-based DeFi users to LeoFinance and our suite of applications.
In closing, I'd like to add these quotes (bold mine):
We believe that DeFi is still in its infant stages. Many people wonder how long the High Yields will last (in fact, this is a common conversation on our LEO Roundtable podcasts) but yield farming is just one aspect of DeFi. The point of DeFi is that financial applications are being developed in the crypto space at a lightning pace and without the centralized middle-men, there is far more opportunity for the average investor.
This is the age of retail and we're just beginning to see these applications take shape. There will be volatility. There will be competition. That is the nature of any disruptive technology.
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Very solid detective work. You're 100% right - the order of when these products will launch is constantly in flux because they each have separate devs working on them.
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That's what you get when you keep on announcing announcements 😁. People start digging, they become impatient and gradually find out what's to come.
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Thank you! Awesome to have an update on how things changed and can't wait for the launch day!
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One thing I learned in QA and as a project manager. Your deadline of when you think something should be done never happens and instead you should add 1+ months to it lol. However it is good to have a deadline because without one you'll just be spinning your wheels and being passive about it.
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I find this a bit technical.
What does this even mean? 🥴 Maybe when I read up on DeFi and smart contracts I will understand better. But this is just to point out that these things are a bit too technical for the average Joe.
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So far we can only guess. It might be a small app serving as an interface for LeoFi on Binance Smart Chain, or it might become the next Uniswap on BSC. No details have been provided yet.
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These are definitely some exciting times. I am not sure I am going to be able to keep up with all of the awesome things that are being thrown at us.
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I don't think any single man can. I remember people foreseeing that about Hive (then Steem) quite some time ago. That it'll grow big enough and in different areas of interest, that no one single person can track everything down and stay informed.
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I would think this is incorrect since the quote you cited says two LeoFi apps.
Projectblank is not part of LeoFi so I would think this is delayed.
I am guessing this is the second one:
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Khal answered with some currently projected ETAs. And yes, PB is likely delayed (bold mine).
But my question arose from this sentence:
I assumed the non-entirely new beast highly anticipated project is PB. The two paragraphs I quoted are not consecutive in the original text (maybe I didn't make that clear), so there isn't necessarily a logical link between them.
But, as I said at the beginning of the post, quite a few things changed from post to post in the ETAs. Where a project hits a roadblock another makes a breakthrough and there you go, they automatically switch places.
Hmm, that's several weeks away, according to Khal.
His comment is voted at the top you can check it out, there are important details there.
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Nice! I was understanding that #projectblank is one of several directions that Leofinance is developing. But seeing an organization of these ideas is even more exciting! Thanks!
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Yup, I was doing this for myself, to get the ideas straight, then I thought maybe others will benefit as well.
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Sharp eye man. I wish I had more voting power for this one, but hope a reblog will do more than I can.
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Thanks a lot! There was much information in many places and hard to follow if you don't actually look for it.
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Now if only you could create an easy-to-follow, step by step guide on how to get some BNB in your metamask account as a US citizen. lol Great work! There's even more coming than we first imagined.
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I'd love to, but there's a problem. I'm not American and don't have these restrictions, and my solutions might not work for Americans in the end.
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Maybe you should go into detective work. It may be your calling LOL Nice post
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Ha ha, not so sure. But I did some of these 'detective' works in Steem days, and they always seem to be well received.
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I sure am a fan, looking forward to the next one. Just followed you!
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Thanks! :)
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Wait, you mean there's MORE? This is like Christmas in March, the gift that keeps on giving!
I'm glad the innovation is continuing and all of this incredible effort will be rewarded with a flood of new interest in Leofinance.
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Oh yeah, and Khal commented with some current ETAs. Plus, I left out helper projects they currently work on like LeoInfra, for more onboarding options.
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if this goes well, leo's price will skyrocket in the following months
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So far Leo has exceeded the expectations of many. Including myself in the first few months before I realized Khal means business.
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Leo to the moon got some leo sbd powered up yesterday before the snap shot, let's see what's the future holds for us.
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Awesome! Leo surely is rocking and has an immense potential with all the projects they are releasing.
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isn't it funny that project blank doesn't have an official name yet ? :)
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Yup! But I stopped paying attention to it.
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There's a lot more things on team LEO's radar.
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Yup! And I left out a few they mentioned earlier about adding more onboarding options.
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So much plan for the people. This is totally amazing and I am absolutely overwhelmed by the so much force a second layer token is applying thus far.
I am seriously persuaded that a year from now, LEO will have mustered up so much strength that it can sure be the third most rated cryptocurrency after ETH.
Mind blowing development is going on here and I am impressed.
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I would settle for Leofi apps on BSC and Ethereum becoming quite popular, not even the most popular. That will make us all rich.
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That will sure be a delight to many.
But may I humbilly solicit for your mentorship here cause I want to make the most out of my engagement on the Hive blockchain
Thank you for thinking I was worth it of being a mentor! :)
This is where we might have different ideas about the value of engagement. You don't "make most of it", although I'm sure there are methods to optimize that, like efficient time spent trying to earn rewards.
But engagement is valuable in itself because it has a network effect and people start to notice you. Then votes come, follows come and so on.
Just engage more, and regularly and try to make insightful or useful comments, those help the most. It's ok to ask questions when you don't understand something. It shows interest on your part. Or help others when you know the answer.
I hope seeing this perspective on engagement helps you going forward!
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Thank you very much for your kind response. In as much as I know that growth and advancement on the HIVE blockchain depends on ones ability to be responsive to the happens here, I still have a question.
How do I develop the habit of consistently reading and commenting on people's content?
I mean...after making a deep evaluation of myself, I think I am not much of a bookworm... like it's difficult to take time to read a post from start to finish and then leave a meaningful comment. So how do I develop that habit?
I know I have meaningful things to say but giving time to reading peoples content is my challenge
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You've just answered yourself.
You develop the habit of consistently reading and commenting on people's content.
How do you do it? By consistently reading and commenting on other people's posts.
Impose some targets on yourself. Let's say: Read 10 posts (or watch/listen to the video, if it's a vlog), upvote and comment on at least 5 of them. Daily!
This is one of those tasks you get better at while doing it, just like posting.
Choose and join a tribe or community built around a theme you prefer, so you will easily find content that you'll enjoy reading/watching.
Quite interesting and simplified.
A very nice, informative post. Good detective work and persistence.
Thanks
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Thanks, but not much of a detective really. I simply re-read the last 3 announcements carefully and only focused on the parts that were interesting in the context.
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STOPCheck out the last post from @hivebuzz:
Waiting for this wonder.
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