Earlier I posted a video of how convergence is going to work with cryptocurrency. This took a look at the cryptocurrency industry and framed it within the lens of technological convergence.
While slightly different, we are seeing a similar formation for Leofinance. This can really throw people since it is something difficult to see unless you are looking for it. Often, when we look back, it is crystal clear. However, while it is unfolding, it is easy to miss.
Convergence is when different aspects come together and leverage the gains each made against each other. Here is what we are seeing with Leofinance.
Before getting to that, we will illustrate using the best example we saw in the last 30 years.
The Smartphone
What is the smartphone? Why was it so revolutionary? If we think about it, this one innovation changed society. Yet, it was nothing new. The smartphone was just a few technologies mashed together.
Break it down and we see the combination of mobile, the Internet, and personal computing. All of these existed long before the IPhone hit the market. In fact, each went on its own path of advancement along with adoption long before the release in 2007. So what made it so unique?
The answer lies in the idea of convergence. The smartphone took these separate technologies and joined them. In doing it, it created something more powerful. At the same time, it also enhanced each segment.
If the smartphone did not exist, we would have computing, mobile phones, and the Internet. However, adoption of each might have taken longer as well as being more individually defined. Today, the lines are blurred, causing massive increase in Internet adoption since a $35 smartphone can provide the same access as a $1,500 Mac.
When we look at things through this viewpoint, we can see how the results in all three areas was increased significantly due to the convergence we saw.
Polycub
Of late, Polycub is getting a lot of attention. This is something that might throw some people but I think it is simply a matter of when the development rolled out. Whatever the case, we can use this as the foundation of where things are going.
So far, Leofinance produced a number of applications with tokens tied to them. The result is a drop off in all three from the all-time highs. As I spelled out in this video about credibility, we have to have success to enable further expansion. Often, that first breakthrough is difficult.
Polycub is incorporating some features that will make it unique. Where the idea of convergence enters is the fact that whatever is on Polycub will eventually be replicated on Cubfinance. This means that Polycub will end up as the Polygon version of Cubfinance.
Of course, there is a slight difference. The CUB token is the basis for airdrops of any other replications that occur. Since we know the plan is to keep reproducing this model, that should be of benefit.
The only challenge now is to get the model to work. Here is where the newer features being implemented can really help.
Hopefully we can see how Polycub is being leveraged to produce results outside that specific segment.
A Dozen Applications
I prefer to view Leofinance as a a dozen applications under one umbrella. We are going to eventually see this rolled out. All the different aspects of the platform will be applicable to the others. Users will be able to enjoy cross benefits by involving themselves in any area. Over time, they will learn they can branch out easily since more is being offered.
It is a model that worked well for Facebook. Whether it is the flagship application, Instagram, or WhatsApp, Facebook (the company) does not care. As long as people are within the ecosystem is all that matters.
Facebook is certainly worth more as a whole as compared to just its parts. Leofinance seeks to the same thing.
The key is to watch where the tentacles are going. Leofinance development is putting itself in the middle of some growth potential opportunities. The latest rollout, the pHBD-USDC liquidity pool, is a prime example. Here the platform is filling what is viewed as a significant need. Positioning itself as the largest and deepest HBD pool is a worthwhile going. If that stablecoin takes off, Polycub could be in the ideal place.
Of course, that is just one facet.
Perhaps the grandest of all of this is #ProjectBlank. The reason why I am anxious for this one to hit the market is because it is the ideal feeder system. That is the Killer DApp in my opinion. It is also a complete game changer for Leofinance. If that application is a failure, it will still bring in a couple hundred thousand users. That is many orders of magnitude than we see now.
It is also the idea application to promote everything else. Make a long form post, Blank it out. Use the application to promote the other aspects of the network. All of it ties in together.
There is one thing that really is going to be massive. Remember the annoucement a week ago regarding the new Ad Revenue model and how the proceeds from that will be distributed to Leo Power holders? The numbers quoted were about $4,000 per month.
What do you think these numbers will look like with a couple hundred thousand users on #ProjectBlank? Here is convergence. The success of that application will provide a direct financial benefit to each Leo Power holder.
Hopefully we all can see how we are edging closer to a time of exponentiality with Leofinance. There is a lot taking place, seemingly in different directions. Yet, if we step back, we can see the thread that is being woven between them. In the long run, all will be tied together, converging into one.
This will set off a trajectory where any improvement in one area echoes throughout the entire network.
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