Today Is The Day
We will be experiencing the launch of the Leo Bridge today. If you have been hiding under a rock for the last two months, this project will be enabling seamless exchanges of Ethereum-based tokens (ERC-20) to Binance-Smart-Chain tokens (BEP-20) using Leo as the intermediary. The Leo will be burnt from the supply and will produce more scarcity in the market.
Token Burning:
The process of burning tokens is something that is incredibly powerful in the tokenomics of a cryptocurrency (though you all know I am no expert in tokenomics). Basic supply and demand tells us that when a product is highly coveted and the demand is shooting up, the supply will be bought up. If the supply is constantly diminishing as the demand is rising due to innovation such as a cross-chain swap bridge... well where does that leave us?
It is my belief that this project will send the price of Leo and Cub absolutely flying as there is more and more demand to use the platform.
Effect on Leo Finance?
Well if we are seeing Leo tokens leaving the liquid supply and being sent to null, I think that we may see more of an incentive to earn Leo tokens for free. How is that done? By blogging on Leo Finance of course! I think that the platform will experience increased traffic and activity as more people realize the utility of the Leo token. Everyone loves free crypto and though blogging does take a lot of work at times, it is at the end of the day a way to earn cryptocurrency without investing your own money.
The Leo Bridge will benefit all platforms related to Leo Finance. We will see price rises on Cubdefi.com; we will see the price of Hive start to creep upwards as people see more tangible utility coming out of the ecosystem.
With More Traffic Comes More Responsibility:
It almost feels like when your mom is having a party and is making you help frantically clean the house in order to make things look nicer for when the guests arrive.
As content contributors we must continue to supply quality articles and engagement so that when we start getting traffic from Leo Finance's financial tools, they stay and participate in our community. There is a lot of value on the way and we need to be sure that we are ready for it. Just keep at it every day and adding to the network with good intentions, I think we will see the value follow.
My Tribe:
Lastly, I just wanted to provide a little update on how things are going with creating my own tribe. Though the documentation is vague, the community is filled with really intelligent and informed people. I just wanted to thank @silverstackerUK @mariosfame @taskmaster4450le and @themarkymark for all they have done for me thus far. Marky in an absolutely brilliant mind and has come up with the cleanest tokenomics schedule I could ever imagine, I would be lost without his guidance here. Also thank you to @Raymondspeaks for putting up with me contacting him with questions!
I think that I can have the tribe ready to go within a few weeks, but will be putting a big focus on creating simple onboarding documents. As a bit of a hint as to what things will be about, I will need to make the steps to signing up on Hive very clear as many in this topical realm will be taking their first dip into the crypto world. By taking advantage of this growing entertainment market, I will be attempting to get ahead of the curve and hopefully involving some big name celebrities (athletes...) in the Hive community!
Credit to @melbourneswest for the meme in the beginning, I saw it and had to toss it in hope you don't mind!
@mariosfame gif once again, I love it
Links and Connections:
Follow me on Twitter: Rob_Minnick23
LeoFinance/HIVE : rob23
Join me on Torum: https://www.torum.com/signup?referral_code=robminnick23
Join Cake DeFi and get $30 in $DFI as a new user: https://pool.cakedefi.com/#?ref=187314
Noise.cash: rob23
Read.cash: R23
Join me on Publish0x: https://www.publish0x.com/?a=M7e587xqd2
Who I am:
My name is Rob and I am a college student doing my best to get involved in the crypto world. I have enjoyed blogging thus far and thank you for reading my article! Give me a follow and let’s build the community together through consistent engagement.
Posted Using LeoFinance Beta
It is very exciting to see all the tribes that are forming. Good luck with your new venture, make it a smashing success.
As for LeoBridge, it is wonderful when new products some out that enhance the infrastructure while also adding value. I think you summed it up well. If that app sees a lot of volume, we will see things change quickly for CUB and LEO.
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Thank you again for the well wishes and for being the original inspiration! I do think Leo Bridge will be enormous and I can't wait to use it personally
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It will be a great application to help with the interoperability between a few chains.
We need a lot more of this.
I also think the @spknetwork will be something radical.
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I'm quite excited about what 3speak is doing, it should be interesting to see how this type of token distribution plays out as well it is a very new concept
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Awesome job in moving towards creating your own tribe. Look forward to what you create and being a part of it.
Success of Tribes means Success for Hive as well so let's keep building and growing the value here.
While the new feature for CUB is a very good one for lots of people I'm unsure as to how much it will generate and be used. There needs to be a massive promotion effort behind it to bring awareness to it and to the right people who would use it to pull ETH out into BNB.
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That is true and something we need to keep focusing upon. Too many are still in the mindset of competition as opposed to collaboration or coorperation.
This is a cooperative when you think about it and all that is done that helps one area helps the whole.
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Any successful tribe is bringing traffic to the network, I personally want to see each one succeed, its a positive sum game, as you say it is not competition based
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I agree with that, we will need to really use it and show how it works. There is so much utility for it, it just needs to get noticed by big traders
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What could be cool is if some of the tokens that are bought back are put into a pool to build a refferal reward pool so you and your mate get a bit of cub and bleo for every user you bring on that provides a certain amount of liquidity
Let’s say a 5% reward for every 100 bucks worth your refferal puts in that should spark spark some excitement
This is something that is more in line with my thinking. We need to start putting the money to work.
Posted Using LeoFinance Beta
This is a pretty innovative idea. I wonder how much technical knowledge is required to pull this off, it sounds a bit intimidating to undertake
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I think the LeoBridge effects have been summarized quite well. The exposure of having the cheapest bridge and new people coming in will burn both CUB and LEO.
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The bridge is cheap and getting away from the high fees of ETH, for most users who are smaller, is a one time thing which should help the overall growth of the industry.
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Much appreciated, the burn is very exciting. Let's keep a close eye on price movements resulting
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I'm excited about LeoBridge and I expect the same effects that you listed.
Also, good to hear that the tribe stuff is going well. I'm really looking forward to seeing what it's about. Good luck with that!
Posted Using LeoFinance Beta
We will see when it rolls out and what it looks like.
It could really enhance the burns of CUB and LEO. People are going to see a big change if that app gets used a great deal.
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Thank you! I hope that the Leo Bridge lives up to my expectations
Posted Using LeoFinance Beta
Really nice post. Thank you for the info.
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Can't wait to see what you will bring out. Exciting times.
I was literally just posting to marky a few minutes back discussing these subjects and tribes.
I will be watching eagerly to see what gets released and hope to join into it at some stage.
Posted Using LeoFinance Beta
These are all fantastic things to include. I have thought through most of them but the point about having a help team is something I had not considered. It may turn out that I will become a help center rep for my own project LOL I love the idea of a light account but have the coding skills of an elementary school student; would need some assistance to pull that one off
Posted Using LeoFinance Beta
pretty exciting that youre building your own tribe! kudos
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Thank you! It's a very exciting process
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Is that today? Boy I do lose track of time. I am with you; the LEO Bridge is going to be a game changer.
The folks you mentioned really are a big help and very knowledgeable.
I wish you good fortune with your new tribe/community. Keep at those books! Knowledge is power as my dad used to say.
Posted Using LeoFinance Beta
Time really does fly. Yes the people are incredibly well informed and intelligent. Thank you for the well wishes! I'm trying to learn something new here every day!
Posted Using LeoFinance Beta
Great article.
I was on the phone with someone from Hive earlier and told him how grateful I am for your Leo delegation. I had been waiting until today for my HP and Leo power to get 100% and voted some more today.
How can I thank you for what you did for me?
Hugggs!
Good night!
Oh thank you very much! I'm glad to have delegated! Just keep contributing to the community it will benefit all of us!
Posted Using LeoFinance Beta
Great job. I like to see you expansion.
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I will for sure!
Doing my best here and there daily!
You just show yourself to be committed and you will find people willing to help you along.
That is how this place works.
@rob23 seems like one who is really jumping in with both feet. Keep an eye on him, he is going to be a force on Hive.
Posted Using LeoFinance Beta
Thank you for your uplift! lucylin almost put me down in POB over the last month...
@rob23 delegated 50 LEO to me recently and I am very grateful for that!
He seems very dedicated, motivated, driven, yes.
Thank you!
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