Key Points of LEO 2.0:
No More New Tokens: The old way of creating new LEO tokens for rewards is ending. This means LEO will no longer be an inflationary token.
Rewards from Income: Rewards will now come from the money generated by INLEO platforms, mainly LeoDex.
Buying Back LEO: The money earned will be used to buy LEO tokens directly from the market.
SIRP Funding: These bought-back LEO tokens will automatically fill the SIRP, ensuring a steady supply of rewards.
Rewards Continue: You'll still get rewards for your posts, comments, and threads, but the source of those rewards will change from newly created tokens to tokens bought back from the market.
LEO Becomes Deflationary: By stopping the creation of new LEO and regularly buying back tokens, LEO is set to become a deflationary asset, meaning its total supply will decrease over time.
Why is this a Big Deal?