The community and team have been brainstorming new LEO tokenomics. We have decided to accelerate the roadmap of the SIRP model for the LEO Token.
In case you didn't know, SIRP is something that is written into the LEO roadmap and has been there for years.
LEO's inflation was always meant to end some where in the mid 2030's. At that time, the LEO inflationary rewards pool for INLEO would stop paying out rewards via inflation to authors/curators.
Instead, the revenue generated by INLEO is set the buyback the LEO token and then create a new type of rewards pool that isn't filled by inflation.
Everything remains the same when it comes to author/curation rewards. The ONLY difference is the age-old question "where do rewards come from?"
Right now, rewards come via new LEOs minted into the inflationary rewards pool. Users then curate each other and use stake-weighted voting to distribute rewards.
This has been awesome for early token distribution on LEO. Now, we've allowed a fair launch for LEO where everyone had an equal opportunity to earn LEO for 6 years.
We're now accelerating the timeline for the System Income Rewards Pool (SIRP) which will replace the inflationary rewards pool. Now, users will earn LEO via buybacks only. The INLEO platform generates revenue and buys LEO off the market and autonomously puts it into the SIRP. The SIRP then pays author + curation rewards out of this buyback-filled pool.
This was always the plan, but now we're gonna do it earlier. The LeoDex app is performing incredibly well and generating revenue for the LEO Token Economy.
In this clip, we talk about the plan for LeoDex revenue and how it will also buyback LEO.
Now, LEO will have 0 inflation and actually be deflationary (as we are making a change to LEO Bridges as well).
We'll continue posting a lot of content about these changes as there is a lot to cover. Keep up with the videos and weekly AMAs every Tuesday at noon EST.
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