1/🧵 Threadstorm the second.
I've been thinking about the differences between Leofinance and the other failed communities. A lot of tribes have come and gone since the first days of PALnet but the reasons seem to be the same.
1/🧵 Threadstorm the second.
I've been thinking about the differences between Leofinance and the other failed communities. A lot of tribes have come and gone since the first days of PALnet but the reasons seem to be the same.
Yep, gotta back the token with value otherwise no one cares. Money talks and is a huge motivation factor.
That's why I've sold most of my other he tokens and been buying Leo for the past couple of months.
Hoping for a nice rise in price.
2/🧵
IT's one thing to form a community or tribe but unless you have a way to keep it functioning and back the token then it's going to fail at some stage. Speculation isn't enough to build an economy aorund if there is never any revenue.
3/🧵
Leo have not only rebuilt the tribe form the ground up but they have added some of the most needed features to make it successful.
4/🧵
These should all be the standard for new communities with a package for people to operate them with no coding nessessary.
5/🧵
If LEO can get this to work properly then they will have set the benchmark for communities going forward. If they fail it won't be from lack of trying.
I am very positive about the updates and think that it will have a big effect.
I agree! Things are starting to fall into place and even more to come!
Really excited about this new stage of the community
Dude this was such a great mini analysis, definitely some food for thought for those looking to start their own community or tribe, and also some arguments for those looking to invest in a L2 built on top of hive!