Conversations took place a while back where the idea of growth was put front and center. While others look for easy solutions that help token price, like burns, Leofinance put the effort into focusing upon growth. There was a conversation after it was announced to reduce the inflation rate where it was realized that growth is more important than inflation.
As we saw with wLEO (and still with LEO), few are aware of the inflation rate nor do they care. They are buying the token because growth, based upon most of the metrics provided, is taking place.
Even a hundred active users signed up through metamask would be a major lift.
Posted Using LeoFinance Beta
Burns are a gimmick. To stick with the land of the blind metaphor, they're a tool by the blind for the blind.
Besides, if ad revenue keeps increasing there's definitely many better ways to use that money to Leo's benefit than by burning few thousand tokens, probably less than the daily inflation.
User acqui is not free. Whether that is by creation of organic signup funnels, they need to be developed, or by advertising, in 2020 people don't come anymore just because you built it.
I agree that burn is gimmick unless it's coupled with other actions.
The XLM burning was largely useless.
https://dailyhodl.com/2019/11/05/team-behind-stellar-destroys-55-billion-xlm-will-ripple-burn-xrp-in-response/
It only created short-term speculative price increase. In the end, it actually centralized the network more as the team now holds a higher percentage of the coins.
!ENGAGE 20
ENGAGEtokens.While I generally agree burns are useless (unless they are systematic, marketed, and large) in LEO's case he is buying tokens off the market place and then burning. So it is not only burning, it is also creating buying pressure.
I guess the “taking the weak hands out” is the best aspect of most of the burns we see in tribes.
!ENGAGE 25
ENGAGEtokens.