The Imperative Need for a LEO DAO: Towards Onboarding Institutions and More Communities

Social-Fi 2.0 at its Best!

In the ever-evolving world of Social Finance (Social-Fi), InLeo has become a voice to reckon with as it continues to reshape how individuals socialize while earning cryptocurrencies. It has become a home for content, and financial empowerment with it's unique features such as decentralized polling, micro-earning and Live Threadcast (a text based live meeting).

With a successful rebrand which allows all users to earn $LEO on all forms of contents, InLeo has become a second home for web2 crooners and educators who leverage the Threadcast feature of InLeo to engage live session participants in questions and feedbacks. Over 600 new users were onboarded to Hive through InLeo and the stats could likely double in October as soon as the LeoAds APY, premium accounts and referral rewards features roll out.

To take this transformation a step further and to allow for onboarding of more influencers, developers and institutions, the creation of a Decentralized Autonomous Organization (DAO) In Leo is a compelling necessity. I'll attempt to elucidate why the establishment of a LEO DAO is crucial for the platform's growth and its role in ushering in a new era of social financial empowerment.

1. Incentivizing Active Participation

Improved Engagement is a necessity in Leo platform due to the role it plays in Ads revenue generation for the benefit of the used and the community at large. Building on the present gamification of Leopower, a Leo DAO would introduce a token-based governance system. This would become an additional utility for the $LEO token. Users would be motivated to stake more $LEO to increase their voice in the decisions related to the platform's development and also vote on proposals related to resource sharing, thereby becoming active participants in the ecosystem.

Incentivizing participation through token-based governance will encourages users to engage InLeo more deeply. This aligns with the broader DeFi and SocialFi concepts of earning rewards for active involvement. With a LEO DAO in place, users would be provided with a sense of ownership and responsibility. There would be more motivation for staking LEO. It is true that users who are actively engaged in the platform's growth should have the this is made possible by a DAO.

2. Opening Opportunities for Innovation

Innovation on blockchain is hard. It requires a lot of creativity and resources including time and money. Raising funds to startup a project on Blockchain can be hard plus the tedious tasks of getting new users onboard. A LEO DAO would allow for developers to onboard Hive just to create more apps and projects that would be linked to Leo and would utilize the $LEO token. This added utility would help suck up the available 16 million LEO tokens which is quite small compared to the value proposition of InLEO.

Think of a LEO based Hack-a-thon that would onboard game and NFT developers to create a value product that would utilize the LEO token. There are lots of mundane layer 2 tokens on Hive-engine and, thus the need for projects to collaborate and increase demand for one token. The rapidly evolving web3 space presents new opportunities for innovation and collaboration. Leo DAO can embrace these opportunities, allowing for integration with other protocols, exploring partnerships, and creating unique financial products and services.

3. Empowering Community Governance

A Leo DAO means a decentralized governance model that will empower the community. Already, there is a design for community wars as per amount of engagement from each. Communies can then utilize the DAO to secure rewards for members and this would encourage a more collaborative front in engagement on Leo.

Every community would have a voice in decision-making processes, especially in the sharing of engagement rewards to top performing communities. Niche content creators, and investors alike can actively participate in shaping the future of the LeoVerse. This will ensure that INLEO evolves in a manner that reflects the collective aspirations of its growing user base.

Final Words

Put together, INLEO is getting bigger than ever and it's an all-encompassing community for all users and all content niches. I see a sustainable future when other begin to build-in-Leo and that gives more utility for the $LEO token. That future is nearer than we first saw. Let's push it!

What are your thoughts on a DAO for LEO?

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This post was created via LeoFInance, What is LeoFinance?

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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