We are seeing development within the Leo-shpere happening at a rapid pace. Sometimes it is helpful to step back and see where things are.
It is helpful to view things in the near term.
The next 6 weeks should see some interesting additions that expand things in a couple of directions. Nothing here is new in the sense it all was discussed before.
Over that time, we are going a couple new features that will help to expand the potential of LEO. The target market enlarges as these go live.
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Leo: Something For Everyone
One of the keys of business development is to provide services people want to utilize.
Here is where we see the payoff for Leo's development coming into being. By expanding the reach, we can appeal to a different group of users.
So what are we going to see that can really enhance things?
Videos
We are anxiously awaiting the integration of videos. This is something that could really help the platform.
video is the most popular medium. It also carries the most value. Having this incorporated into the UI means that we can start to build a Leo video library. Here is where we see the ability to keep things growing each day by simply adding more videos.
From what we understand, there will be both long form video and shorts. The later has the potential to be integrated into Threads, something that is rather novel.
To me, the key to all this is whether we simply have the ability to add videos or if there are other additions.
When dealing with video, there are two features that assist in the user experience. The first it a recommend engine that suggest other videos that are similar.
Another is the ability to search. Here is where LeoAI could potentially enter as a search engine. However, the ability to find things right from the UI is vital. We have to consider outside users.
If we see these types of features tied to videos, we can then start the process of having a YouTube or TikTok type experience on Leo.
LeoAI
This is another addition that was discussed over the last few weeks.
The target for this, so we are told, is the end of July. That is when we are expecting at least a beta version to go live.
Why is this so important?
We are dealing with the ability to do chatbot prompting along with having a copilot like client built in.
Here we are dealing with an area that is expanding greatly. The popularity of this cannot be understated. Leo adding this enhances the offering by providing more services that can be utilized.
A Business Building Approach
One of the issues, in my view, appears to be a lack of products or services being offered. Many talk about transition to Web3 but there is a problem. We see very few services truly available.
The idea of the "everything app" is often discussed. Here is where development is crucial. If we are going to look at X as a guide, that platform is racing ahead.
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Social media platforms are dead. The ones that are the future are expanding into other areas. YouTube is already competing with the cable companies with its subscription service.
Of course, all are involved with chatbots, integrating the LLMs into their different applications. So far, there are varying degrees of success.
Leo's Offering
The tentacles of the offering are expanding.
Here is a list of what we are looking at:
- Medium-style articles
- Microblogging
- DEX for crypto swapping
- Streaming swaps (coming soon)
- LEO as collateral (coming soon)
- YouTube and TikTok type videos
- Chatbot
- Co-pilot
There are also some other features that are going to be built into LeoDex, especially as Maya expands their capabilities.
Tokenomics
It is far too early to tell but it looks like the tokenomic design is working. In reality, it will not take an enormous amount of revenue to place things on solid footing.
A company doing $50K per month is not a large entity. That would mean $600K per year in revenue, most of us going to purchase $LEO.
Tokenomics are difficult since price does not always follow value. One thing we are seeing is utility added to the token. This goes far beyond the idea of being medium of exchange (i.e. payment token). In fact, that was intentionally opted against. Instead, we have use cases such as providing liquidity in pools, curating, and being utilized as collateral for loans.
Multi-Layered Approach
The tentacles of the flywheel can become expansive when they are layered.
With the list that we are seeing, many layers are being added. All of these will eventually be integrated, leveraging the progress of each.
Adding pieces is crucial. It is easy to fall into the trap of wanting everything to happen immediately.
What we are looking at is compounding. This is what the digital platform business model does. It builds on top of itself, capturing value and spreading it throughout the entire platform.
The key with flywheels is often things appear insignificant until most pieces are in place. Then, suddenly, something become an apex for the platform.