The now infamous hack of wLEO has been the talk of the community for some time now and while the strong hands of an investment community like this aren't easily rocked, and the sentiment has been overwhelmingly positive, which really speaks to the type of people getting involved in this project. While the LEO community is still small, the knowledge and bullishness and the view of a long term are pretty awesome to watch and be a part of as there is so much upside still to go.
I've been reading the banter in various chats and comments and reading posts, I try to curate and engage with fellow LEO's, and I've learned a fair bit from the use of the platform. Since most of my content is heavily finance-based, this place has suited me like a glove.
The foray into wLEO and Uniswap liquidity pools gave us a view into what LEO's tokenomics policy can do the tokens get a new use case and having only 1 extra use case saw an 8x gain at a price of around $0.25 or so ATH.
The move to ETH allows LEO to tap into a whole new set of supporting use cases as ETH has so much support from various ecosystems such as:
Each exchange that lists LEO or wLEO would require liquidity for traders to swap between whatever pairs they make available. Each exchange listing exposes LEO to new traders pull in new liquidity drive daily trade volume and extract tokens from the main chain putting continuous pressure on liquidity minted by the main chain each day.
With so many DEX's and CEX's providing support for ERC-20 tokens the amount of listings LEO could pursue from smaller exchanges is far too many to count at this point. The continuous adding of exchanges presents one method of expanding the LEO ecosystem.
Hot wallets and cold wallets
Next up would be hot wallets like Jaxx, Edge, BRD and Atomic Wallet to name a few, while Tezor and Ledger as popular cold wallets. Getting support on wallets allows you to tap into the casual HODL'r marketing, pulling more tokens off the main chain and competing for reward and also a new way to pull liquidity out of exchanges as well as the main chain.
Having tokens available in long term storage puts even more pressure on liquidity that could move the price upward.
Finally, investment platforms like Celsius Network, Crypto.com, BlockFI and other DE-FI platforms provide a new use case to earn, encourage HODL'ing of the coin, tap into a new range of investors and create a new level of demand for the token.
Pulling out liquidity
Each time a new use case and platform is added it continues to put pressure on liquidity if LEO can build out such an ecosystem over the next few months and years any price prediction you run now would be undershooting the possibilities.
If you look at the value of many ETH tokens that don't even have half of a working product but are in these platforms, you'll see how strong an effect it has on a tokens price.
LEO has so much upside potential, and this does not even count the additional uses it could bring from traders, wallet users and exchange users that would flock in wanting to know more about where this token comes from and how it can be used.
The more exposed the token becomes with the help of the various uses of LEO would do more than many marketing campaigns would. It would then hopefully encourage users to follow the path back to the site itself.
This would create a healthy flow of tokens in and out of the system.
Have your say
What do you good people of HIVE think? What other use cases would you like to see for LEO?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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