This is something that was mentioned in the past. It came up the other day in #threads with Khal mentioning it.
Where do you think LEO, CUB, and POLYCUB could be in the future?
Khal's stated goal is to have a $100 million ecosystem. Is this something that you find possible?
Obviously, with the market as it is, with the bear in control, it is hard to see. However, this is why it is vital to keep building. When the bull starts to run, it is then when we see the market price the benefits in.
We will go through the idea behind this path to success. All the pieces that are being worked on are designed to add value to the entire ecosystem.
Source
Social Media + DeFi
This is not novel to Leofinance. In fact, it is the core basis of Hive. That said, Leofinance is addressing this a bit differently.
While the proof of brain is present on Leofinance.io, both Cubfinance and Polycub are true decentralized finance (DeFi) applications. They are meant to be financial platforms that grow as time passes. Again, it is hard to see during the bear if the only focus is upon the token price.
What we are seeing is the development of new features which will add value. We know the buyback of the tokens from the bridge revenue started. With CUB, that is being burned. As for POLYCUB, that is being passed along to the holders of vexPOLYCUB.
In short, we see a revenue stream which is providing buying pressure on the tokens. As some point, the goal is to get it where the buying exceeds the new tokens created. This is where the "flippening" takes place.
Of course, all of this is happening around the social media platforms. I use the plural here because there is Leofinance and threads. For the moment, they are resident on the same website. However, we know #threads is the precursor to #ProjectBlank. This is going to be a standalone microblogging application. Depending upon how feature rich the app is, it could well be a powerful addition to the Leofinance familiy.
Therefore, we see both long form content and microblogging under the Leofinance umbrella. That makes it rather unique.
New Users
Obviously, the key is going to be getting new users. Here is where the dual approach is actually beneficial.
With present social media, we see people on twitter promoting their favorite cryptocurrency project. This coin or token is something they are looking to pump. We know there is a certain success rate to this since it does work. However, when people shift to that blockchain based platform, they exit the social media realm.
Leofinance is going to offer something different. It does not matter which end of the spectrum someone enters. If one comes via the social media, they will learn about the defi features of Leofinance. Naturally, we know the reverse is true. Those who start with DeFi are able to involve with microblogging at a minimum.
It is a powerful 1-2 combination.
Does all of this equate to $100 million? Naturally, not in the present state. Nevertheless, work is being done to expand what is available. Just within the DeFi arena, there are a lot of features still yet to be added. This could provide a nice financial foundation for all who are involved.
It is easy to miss what is occurring when the shotgun approach is used. Leofinance is approaching a few different areas at the same time. This is not focused but, in the long run, can be extremely powerful. Each application has the ability to leverage itself against the others. Thus, users can have an impact in many different ways.
Ultimately, we need to kick the network effect off. How many people this requires is anyone's guess. The key is to keep building so that we have a lot more to offer once the bull market hits.
If the conclusion that much of the success the next run will be tied to utility, Leofinance can certainly put itself in position there.
We saw some of the with the latest update of threads. The performance since that update is remarkably better. It is like night and day.
This is the progress that will provide a solid foundation.
So what are your thoughts? Will Leofinance be a $100 million ecosystem?
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
Posted Using LeoFinance Beta
