Thanks for participating! If people buy and hold Leo the price goes up, it's that simple.
Posted Using LeoFinance Beta
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Thanks for participating! If people buy and hold Leo the price goes up, it's that simple.
Posted Using LeoFinance Beta
I don't think it is that simple. Lol
Tired of soon jokes. It is not funny anymore. Need projects that would reduce the circulating supply. Need projects that can burn some existing supply. The supply is high and demand is very low. Not just Leo but to all other DeFi tokens too. The supply is going to increase forever.
It is like opening water in your kitchen sink. The water should go out through sink outlet. We can't rely so much on increasing the sink size.
Leo isn't a defi token, it's a very young social media site with around 5000 users, give me a break we have plenty of room to grow. The crypto obsession with burning is backwards, you focus on demand first and work on controlling the supply when you develop a demand. If no one wants what you are selling the supply doesn't matter a bit.
I think there is room in the middle, but scarcity without demand is just stagnation.
Posted Using LeoFinance Beta
I wasn't talking about Leo. I guess you missed reading this part "Not just Leo but to all other DeFi tokens too". I think CUB, POLYCUB is a DeFi token.
I don't understand why people get so offended when we talk about burning. I personally think burning is important for any token that has an unlimited supply. Increasing the user base for tokens that have a limited supply is understandable. Just my personal thought.
I never talked about reducing the supply. I'm also talking about finding ways to increase the demand.
Note: No offense here. I'm also just an investor like you. I bought CUB when the price of CUB was over 4$. I still believe in Leofinance. I'm trying to participate in all the initiatives done by the team. I bought pCUB, I bought CUB, I installed their mobile app, participated in LPUD and I use Leofinance UI to post every single day. ( Even though it has so many bugs after spending 20k$ on that and nobody cares to fix it.) Just sharing my frustration and that's all.
My answer did come across snarky sounding, and while I still think there is way too much focus on burning, I should have taken the time to tone down my response as there is simply no need to be rude about it.
We disagree, that's all.
Regarding frustration with Leo and Bugs, I hear you that young projects have a lot of flaws, and Khal's approach is to move forward and fix backward. Many find that frustrating.
I do want people to make suggestions and give real feedback, so I'm sorry if I came across snarky.
Posted Using LeoFinance Beta
I wasn't talking about Leo. I guess you missed reading this part "Not just Leo but to all other DeFi tokens too". I think CUB, POLYCUB is a DeFi token.
I don't understand why people get so offended when we talk about burning. I personally think burning is important for any token that has an unlimited supply. Increasing the user base for tokens that have a limited supply is understandable. Just my personal thought.
I never talked about reducing the supply. I'm also talking about finding ways to increase the demand.
Note: No offense here. I'm also just an investor like you. I bought CUB when the price of CUB was over 4$. I still believe in Leofinance. I'm trying to participate in all the initiatives done by the team. I bought pCUB, I bought CUB, I installed their mobile app, participated in LPUD and I use Leofinance UI to post every single day. ( Even though it has so many bugs after spending 20k$ on that and nobody cares to fix it.) Just sharing my frustration and that's all.