This is me spitballin' ideas tonight, so work with me :)
Now I'm under absolutely ZERO delusion here, #leodex is the priority for $LEO
This is without question. The amount of income generated by the $LEO eco-system via the DEX is well...Magnificent :)
But you know Jongo, I'm always thinking....Different. And here's why, I'm not a trader. I honest to goodness, never do much trading even though I've been in this crypto stuff since day one. Onboard, offboard crypto and fiat, that's about the extent of my 'trading' expertise. And I've dabbled for sure, but when push comes to shove...I just wanna use crypto.
Trading is for the smart people who don't have the attention span of a goldfish and I think that's why I've always leaned towards the #web3 side of things. Social media on the blockchain, just makes me smile. And yeah we have some issues with that dream but what $LEO built with Threads and the entire community side of things, cannot be ignored.
Creator subscriptions on paper, look fantastic. The traditional social media world has made a killing for creators on their platforms by offering exclusive content to subscribers. No matter what the platform, it's what has birthed the entire idea of making a living from creating content and being an influencer.
Now the problem for $LEO right now is simply, it doesn't have the reach. And we can all agree, getting 'rich' on $5 a month subs isn't going to happen right now. But obviously, the foundation is built for this platform and community to grow a ton with the popularity of #leodex and the $LEO token as a whole.
And the fly wheel, where everything feeds off each other so 'everyone eats' is in full display with $LEO, LSTR @leostrategy and SURGE.
So we can agree....The 'finance' side of the $LEO eco system is pretty secure.
But what about the community on Threads and that stubborn #web3 stuff?
So I drew this today, and please let me explain it all.....And what I'm 'thinking out loud' could really help the creators on Threads. Because here's why, the upvotes aren't there anymore as LEO has turned deflationary. Which is a great thing, and Khal forever has said he wants Threads to feed of the rveenue generated on the platforms so...Let's generate revenue :)
Remember, this is me spit balling ideas here lol
So up top - CONTENT
The Lion would create exclusive content or whatever they com up with to attract other Lions to sub to their account. 5$ a month for access, and I've seen some pretty cool stuff over the months that this has been active. Keep in mind, EVERYTHING I'm saying here is being fully aware we don't have the big reach yet. I'm talking what we can do right now, within the community.
To the right - SURGE
I know I have a bunch of SURGE, but I'm sitting here thinking....Even with a quarter of what I earn weekly, that would generate enough $HBD for one subscription. I currently get around 20 HBD a week, so right there I can snag 4 subscriptions to creators. And remember, every time you buy a sub to someone's account, $LEO earns a fee....Which of course, feeds the financial fly wheel :) But think about it, SURGE would literally fund your ability to support your fellow creators on Threads.
On the bottom - CREATOR SUB
Expanding on the above point a bit more....Let's say you have enough SURGE to generate about....5 HBD a month. That's still a creator you can support. And you just start there and when we dive into the next point, you'll see how this has the potential grow nicely even with the CURRENT reach Threads has.
But some of us are generating enough SURGE dividends to secure multiple subscriptions for creators right now....Remember, this isn't a 'reach' thing, this is something the community can do right now.
On the left - ENGAGE / SUPPORT
And here's the grunt work that fuels the entire engine...Engaging and supporting your fellow content creators. Like my good buddy @taskmaster4450le has stated for years, we need to actually use this stuff. That means engaging with others, constantly consuming the content that creators and making and...Threading. A lot!
So that's my 'thoughts'....
And I'd love to hear what you guys think? I started practicing what I preached today and subscribed to @brando28 and when I get my SURGE on Sunday, I'll sub to another Lion....I know that even using a quarter of the dividends I get from SURGE, I can sub to 4 Lions a month....Maybe even more.
That's what this idea is meant to be....
No excuses about 'reach'. the big reach with come. This is something Lions can do right now and who knows.....50 bucks to 100 bucks a month in revenue PLSU all the fees that LEO earns....Might be nice :)
Note: As always, I have sent 5% to both @leofinance and @leostrategy and I'll send another 5% to @brando28 because he took action and answered my Thread today :)
Posted Using INLEO
This is awesome! I'm very honored that you subscribed. Means a lot and motivates to create more content on Inleo.
Also, I strongly believe now is the time to get the word out there, and by "out there", I mean X. I'm dedicated to grow my X account and while doing that, I'm also dedicated to post at least one meaningful Leo post in a day. Doing my part to help the Leo ecosystem grow and get the attention it deserves. 👍
I think that's the beauty of it...If people feel valued, they will keep creating and growing. And we rise as a community together
Couldn't agree more. 100%!
I think the subscription model is nice, but I just can't find myself doing too much of it anymore. It just seems like every single service is a subscription so you have to pick and choose. I do think it's a good option for people though.
It's meant more for creators on $LEO to be able to support and get support for each other. But I hear ya, I have trimmed a LOT of fat when it comes to monthly subs offline lol
Ad revenue when?
I think it's because LeoDex is pretty much main focus these days. But ya you are right, ads would be the no brainer of no brainers for revenue generation on Threads.
At this rate even with the lower payout of ads it would have bought and burned nearly 1 million LEO lol
this sound like a great idea, I dont talk much about crypto or dev and focus on my thing but its true that threads has been put on a hold since the dex came out and Im fine with it but long term at least need to get updates and fixes here and there, I havent use the subs feature because didnt have any ideas but recently started working on a newsletter that plan to put out for subs only
Yeah see that's a market! That's something that I would most definitely sub to.
Agree, increasing creator subscriptions might boost community engagement on.
It would literally...Self fund
Subscription services seem like a good option at first, but it's difficult to provide value all the time. I have my doubts.
That's up to the creator to continue to build their craft. And get better each day by growing.