In about 10 hours or so from the time of this writing, everything changes for my favorite crypto....
Inflation is officially done on the $LEO token
When the clock strikes zero, the LEO token then becomes deflationary. So one one hand, while things change on the back end of how the token rewards are distributed, things don't really change for the user.
I'll still be posting like normal, and I hope everyone in the community continues to as well. But the rewards that we have been used to getting are about to get 'slashed'.
Which is a blessing but you have to understand why....
The token rewards for creation content and curating content have always been generated from the inflation pool that we have all been used to. As LEO got it's start on $HIVE it followed the same formula for distributing tokens to content creators and curators.
Rewards are generated from inflation. Straight forward but exactly how many tokens are getting created when you are generating them from the inflation pool?
$LEO decided to try something different and will stop the rewards distributed from inflation, and then start distributing them from buy backs and revenue directly from the platform.
This is brilliant if everything works out like it's been explained to the community. Combined with the news of two major announcements recently:
They are developing some kind of merchant system that ties in directly to LeoDex I'm not 100% sure of all the details but anytime I hear 'real world use case' for any crypto,. especially with real world merchants using and accepting it....Welp, I get excited!
And this is the big one that I think is flying under the radar..LeoDex is being integrated into InLEO and vice versa. So you will literally have a one stop shop for everything your heart desires in crypto. Swaps, multi-chains, merchant services, and oh yeah the best #web3 experience online.
So the clock is ticking...
I've got about 10 hours to generate as much $LEO as I can from rewards and all that fancy stuff...I've been buying loads of LEO too off the market because while it's rising in price, it's still dirt cheap.
Let's see how the next few weeks go for this project...I'm pretty excited, if you haven't gathered that yet :)