A couple months ago I wrote a goals post for 2023. One of those goals was to reach 100k in LeoPower by the end of the year. Considering I only had about 65k at the time, that was over a 50% jump so I thought that was a pretty good goal. Well, today I hit that 100k.
I've been buying it over the last couple months for a couple reasons. First, it's cheap. At 5 cents it doesn't take a lot of dollars to buy significant amounts. Second, the new UI is really, really good. It's fast, sleek, easy to use, and works like Twitter. With it's recent release, the future looks very bright.
When it comes to investing, I kind of have a weird little thing in the back of my mind. I figure out what I think I need to own to make $1M. Take Bitcoin, for example. I figure I'd like to own four full Bitcoin. I'm nowhere close at this point, but that's my goal. I feel like $250k is a number that it will reach at some point so four BTC would be $1M. Personally, I think it's going to go much higher than that someday, but that's the number I'm looking at for now.
Same thing for Hive. I really believe at some point Hive will go to $20, so owning 50k of that will get me to the $1M mark. Realistically, I think that if Hive ever breaks into the mainstream and hit's $20, it will probably go a LOT higher than that. But again, that's a good number for me to focus on.
Which brings me to LeoFinance. 100k LEO would mean that at $10 it would be worth $1M. Is that realistic? I certainly think so. It may not happen overnight, but I definitely think it's possible. The biggest reason for that belief really boils down to one thing: @Khal & Company.
I've been involved in Leo for the last two years now and over that timeframe there is one thing that has stood out more than anything else. The team keeps building. Sure, there have been a few swings and misses, but that has never stopped them from continuing to innovate and improve upon what they have. Take CUB, for example. Many of us jumped in with both feet when they built a defi platform for Leo and Hive. It obviously hasn't worked out the greatest considering the token is now just below 2 cents. But that hasn't stopped them from continuing to build and find a way to make it work.
In fact, they tried again with PolyCub. Another swing and miss. There were some interesting mechanics involved and a new way of looking at things, but again, it didn't work. But rather than burying their heads in the sand and hiding from the community, these "failures" have just inspired them to work even harder. Plus, the one thing you can't teach is experience. Unfortunately, as I'm sure all of us have experienced, the best lessons in life are almost always learned the hard way. That said, this is where you gain the experience necessary to make the next venture succeed. Oftentimes learning what doesn't work is just as important as figuring out what does.
Take #ProjectBlank, for example. Two years ago this was going to be a separate platform with a separate token and would supposedly feed into the LeoFinance umbrella. Upon further review, the team decided to scrap that idea and integrate everything into one interface in LeoFinance. Not only did they switch directions, but they had to start over and rebuild almost everything from scratch. They did this because they knew the original vision wasn't likely to benefit the existing LeoFinance community, other than through some sort of airdrop. The value was going to stay in ProjectBlank and then there would have been two tokens, neither doing everything, and both would probably suffer because of it.
So, because of their experience, because of their past misses, because of the lessons learned by doing, they started from the beginning and built the new UI for LeoFinance. It's taken two long years but in my opinion, the framework they've built has been worth the wait. There are still many bugs and many features that haven't been implemented yet, but the overall feel and framework of the interface is awesome, and with that have come the users.
Khal put out a post a few hours ago talking about how LeoFinance has more than doubled its Monthly Active Users (MAUs) in just the two weeks since it's been "launched". They've managed to gather over 15 Hive communities into the fold, enticing them to use Threads for their own engagement purposes. And the transaction numbers have taken a huge jump because of it. But while all of this is great, the item I found most intriguing came towards the end of his post.
With that, we've rebuilt our entire LeoAds program on the new UI. LeoAds has:
- More ad partners
- Better CPM numbers
- More efficient placements
- 100% uptime
In other words, the increase in MAUs and the LeoAds rebuild will add a LOT more value to LeoFinance as a whole. Once this gets added into the interface (#VerySoon), they are going to:
resume the LeoAds program where LEO autonomously is bought back and burned by a smart contract.
The result of doing this is something that @khal describes this way:
I have a feeling that everyone is in for a massive surprise when they see the impact of 2x'ing our userbase + the incorporation of threads + new ad partners paying us higher CPM + more efficient placements.
THIS is why I just bought my way up to 100k Leo. The numbers at these levels are almost silly. Here is what I found when I dug around a little in regards to the LEO tokens.
This is the trading volume I found on LeoDex and bLeo. wLeo had $0. I'm not sure where to find the volume for the LPs, which is what I used to buy mine, but the number of dollars being traded are very small. If the dollars that are going to be generated from the new LeoAds are as significant as @khal thinks they're going to be, that means the amount of buying that will come in each month is going to be much higher than it is right now. And this is just with 1000 MAUs. Their goal is to grow that 5x from here by the end of the year to 5000 MAUs. If they continue to add the features they say are coming (polls, video, tags, streamlined onboarding, etc) then I see no reason that goal can't be achieved. In fact, I think they'll blow it out of the water. Once we see how much of an impact the ad revenue can make with a simple 1000 MAUs, I think it will become obvious very quickly how much potential upside there can be with five or ten times that number. It starts to climb very quickly.
To sum it all up, the reason I bought my way up to 100k Leo is simple. I'm betting on the team. Khal has continued to build despite whatever roadblocks, self-inflicted or not, have gotten in his way. He's put his money where his mouth is and has never shied away from criticism, instead facing it head-on and redoubling his efforts. Early stage investing is all about the people and I'm a believer in the team behind LeoFinance. In my mind, the time is now to make sure I have my core position. If these ad revenues kick in, I see no reason why the price of the token can't at least double from here to 10 cents. And if the numbers keep climbing, so too should the token price. Why pay double or triple in a couple months for something I'm planning on owning anyway?
There's a reason why the price is 5 cents, don't get me wrong. Nothing is done yet. But the potential I see grows almost daily leading me to believe that buying sooner is better than buying later. Make your own decisions. I'm not a financial advisor. This is just what I'm doing and why.
Hive is the Way.
LeoFinance, the Gateway.
Posted Using LeoFinance Beta
