Leo has been one of the important tokens project on Hive. Ever since 2019, I have been observing this project, and I have invested a lot of money on this. Though my investment did not go well, the project had been consistent and have been continuously trying to be successful in the crypto space. As a new chapter in their journey, they have launched Leo 2.0, which is coming with a lot of attractive features.
One of the biggest news is that there will be no more inflation, and everything going forward will come from buying back the tokens from the market. Currently, the Leo rewards are being issued through inflation, which will stop, and 30 M will be the maximum LEO that will be minted, and there will be no more minting after that.
Some areas where the LEO community can improve
I have provided some of my feedback openly to them, but maybe I will take this chance to provide the feedback that I have noticed. I don't know if this will be taken or not, but it would be nice to register correctly. Let me start with Leo 2.0 itself. They have mentioned that the revenue the community is getting right now is going to help in buying the token from the market and distribute it to the users. I'm not sure how long this model can survive. Today, the price of LEO has increased, and that can be a good thing, but I think that as long as we don't find new people who are ready to buy massive amounts of any token and hold them, we will not be able to increase the token value permanently. If there are no external revenue generation models, this may not survive for a long period of time.
I used to provide feedbacks about the user interface and the issues that we had on that. Then later I stopped using it frequently, but in general it will be nice if frequent updates are pushed, and also it will be nice to test everything before pushing it to production.
The LEO team has a track record of abandoning projects. They usually spend a lot of money on something, and they end up abandoning the project. One such thing that caught my eye was the Leofinance mobile application. I like the user interface and navigation, and everything, but it is very sad that they scrapped that product completely in spite of spending a lot of money on that.
I invested more than 4000 dollars in purchasing CUB on BSC when the new craze was there. That project also did not sustain for a longer period of time and I ended up losing all my CUB and all the money associated with that. The price of the token went down to a point where I got nothing from that investment.
Self-sustaining model
I'm attracted to LEO 2.0 and all the efforts the team is currently putting in. I'm glad that we are also exploring other blockchains and doing integrations. Sometimes I myself feel that I'm a bit stuck inside Hive doing projects only inside Hive even though many interesting things happen outside Hive ecosystem. Hopefully, I will catch up some day.
Coming back to LEO 2.0, I think it would be great if the team could come up with a decent amount of money which can be sufficient to keep this going. We don't want this to get too old, and after a point, revenue and token value just go down.
Now itself I feel that the price pump is coming as a reaction to the announcement. Maybe the price might go down a little bit and stabilize there. We have to wait and watch. For people who believe in LEO 2.0, I think it is still a good opportunity to buy a massive amount of LEO. For people who have been holding this token for a very long time, now maybe the right time to book some profits if required.
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