LeoAds Revenue Buyback | What's The Latest News on LEO DAO?

in #hive-167922 • 2 years ago

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There hasn’t been many news about the Leo Ads mechanic, a system where a DAO smart contract will buy LEO with the revenue generated from decentralized advertisements on leofinance.io, then that wLEO, bLEO and pLEO will be distributed to Leo Power DAO stakeholders & voters.

This smart contract is still being worked on by the Leo Team and our solidity dev, it will require a lot of testing to make sure everything is working as intended, but Lions can expect to see these tests in the near, very near future. We're anticipating it to be live in production before the end of 2022.

Join Cat and I to learn the intricacies and details of this DAO smart contract and how the Leo Team plans on implementing a decentralized autonomous organization for ad spend, revenue, voting and more!

About 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.

Our mission is to put Web3 in the palm of your hands.

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2 years ago in #hive-167922 by
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     2 years ago 



    The rewards earned on this comment will go directly to the people( @ifarmgirl, @awildovasquez ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

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      1 vote
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       2 years ago 

      Kudos @khaleelkazi for the timely updates you give. It's really appreciated.

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           2 years ago 

          PIZZA!

          PIZZA Holders sent $PIZZA tips in this post's comments:
          @vimukthi(5/5) tipped @khaleelkazi (x1)

          Join us in Discord!

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               2 years ago 

              This will be a huge game change for everyone in LEO and provide a nice staking incentive. Will it be easy to expand it to work with other ad platforms and the potential of a internal ad network?

              Posted Using LeoFinance Beta

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                   2 years ago 

                  This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

                  Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

                  Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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                       2 years ago 

                      This is a great initiative and can be very productive and do a lot of value addition for the community.

                      Posted Using LeoFinance Beta

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                           2 years ago 

                          Why are you doing it like this (distributing revenue) and not just purely doing buy/burns?

                          Posted Using LeoFinance Beta

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                               2 years ago 

                              It kinda makes sense to me actually. It's revenue sharing based on the proportion of your LP. It could incentivize more people to power up some tokens if they want an additional "income stream".

                              One could argue that it creates sell pressure but that is actually neutralized by the buying pressure that occurs before distribution.

                              Posted Using LeoFinance Beta

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                                1 vote
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                                 2 years ago 

                                Just interesting that the team aren't doing it exactly the same as CUB, when their buy/burns have completely stabilised price over there.

                                I'd love to see more discussion on the merits of both ways from the team.

                                Posted Using LeoFinance Beta

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                                  1 vote
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                                   2 years ago 

                                  Nice said friend,you rock

                                  Posted Using LeoFinance Beta

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                                       2 years ago 

                                      I'm definitely onboard with DAO idea. Over time you should save time and additional responsibility by delegating the work to the smart contract. It's okay to be late when the product itself is going to be phenomenal.
                                      !PIZZA
                                      !CTP

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                                           2 years ago 

                                          Awesome, thanks for the update.

                                          Posted Using LeoFinance Beta

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                                               2 years ago 

                                              LeoFinance is the best blockchain based web3 community I've ever found. Glad that I'm regular author of this community and experience great initiatives almost all the time. Thanks sir Khaleel for bringing and working on great initiatives. Have a nice day!