How Close Is LeoFinance?

There is a lot going on with Leofinance. However, it also looks like there isn't much going on. So what is really taking place?

This is the nature of development. It is a slow process that can often hide the results. Progress is often a grind, causing frustration on the part of people on the outside.

When it comes to cryptocurrency, most are looking for the high flyers. This is evident in the talk of bull markets, mooning, and breakouts. When is Bitcoin going to reach $100K is asked a lot more often than question about the technology.

We see this same behavior on Hive. How many people are really building something.? Instead, they simply are trying to scalp some tokens. There is nothing wrong with this yet it does seem to be short-sighted.

In this article we will look at Leofinance and the opportunity that is being presented.

Less Than 60 Day Old

Leofinance is over 4 years old. This is an important factor since it is not something new just starting out.

On May 1st, less than 60 days ago, we saw the release of the new user interface. This went into beta, providing those on LeoThreads with a completely different user experience. Since that time, more features were added in while bugs worded out. A lot was done in 60 days although most might not realize it.

This is something that is important to keep in mind. With projects, it is often vital to look at them over time as opposed to just where they are today. While most in crypto want to judge things in days, these things can take months or years.

If we want another perspective, the entire concept of threads was introduced less than 11 months ago. This was on the old UI which obviously has some issues. Now we see how things are radically different from that time.

Of course, the development continues with new features being added. Just this week we saw communities integrated, meaning that we have now opened the scope of the space up.

Progressing Forward

There is a revenue plan in place that is crucial to understand. Here again, having a business mindset is paramount. It is easy to fall into the typical crypto mantra of when price go up. People are looking for hype and pumps.

The problem with this is we are looking at something that is often short-lived. How often did we see the price of $HIVE spike, only to have it fall? This is what markets do. However, when building a business, the revenue streams can go and become sustainable. Markets might move price around but value keeps appreciating.

So far, we have buying taking place on a daily basis from the revenue generated through the bridges that were built. This is something that shows a new mindset when it comes to Leo. This is being distributed to the delegators of Hive Power (HP). It helped to reduce the inflation which benefits all holders of $LEO.

Next up will be the ad revenue. This is the second iteration of the revenue generating plan. This comes from the money generated from the ads on the website. It is a proven formula, one that can lead to some big numbers.

This will be distributed to holders of LEO based upon Leo Power.

The third aspect to this will likely the subscriptions. This is going after a Patreon or Substack model. Content creators will have the opportunity to create the articles that are only available to subscribers. They will be charged a fee of which the platform will take a small percentage.

As we can see this is a model that can keep growing and expanding. The key will simply be to add more revenue generating features to the platform and feed that into the buying of LEO.

It is a much different concept as compared to what we see in cryptocurrency. The difference is that while markets go up and down, the value under this approach can keep growing.

Article by @taskmaster4450le

Posted Using LeoFinance Alpha