Leo V2.0: getting it right (this time)
It's been a very long time since I covered the Leo(finance) community - now of course rebranded to Inleo. My last take was when PolyCub launched and I had quite a negative stance about it. Unfortunately everything about it turned out to be correct. An important lesson learned back then was that a deflationary token does not equate to increase in value. Instead, the token/coin needs an intrinsic value (i.e. utility) for growth. But the team kept on building... and building.
They have proven that they do not give up and can learn from past mistakes. It seems that all their hard work has now accumulated into the leo V2.0 launch. You can read up on "Leo's Master Plan" here.
The final supply of LEO will be exactly 30M LEO tokens. From the day 2.0 goes live, LEO will be deflationary. The LeoBridges (heLEO, bLEO, pLEO) will begin burning 100% of their revenue (a 1-5% fee that gets charged each time someone bridges LEO).
There is also a buyback in progress from the other leo tokens and all of this value is going into Leo again. While 2.0 it is now launched on ARB, we still have the heLEO token which will be further paid out to Inleo content creators as well as delegators to the ecosystem.
6 cents and beyond
Leo has been skyrocketing for some weeks and is going parabolic atm. This is to be expected since the the team has announced that 100% of the revenue of leodex is going back to Leo stakers (sleo will be live soon)! The revenue will be paid out as USDC which makes sense, since LEO is now deflationary and it won't put selling pressure on the token. This alone gives tremendous value to LEO, especially since the DEX is getting wide recognition for it's fantastic UX/UI (Thorchain has endorsed it as well I believe).
With a growing revenue stream, I can imagine fairly good payouts soon, especially since LEO is not very easy to come by now. I think it is a matter of time before LEO hits par with Hive.
Things to look out for in the near future:
Build the best SDK for cross-chain (very soon)
Build the best mobile app for cross-chain (soon)
Build the best POS system for cross-chain payments (soon)
Conclusion
The DEX and Inleo web3 platform themselves are a witness to the fact of what the team can cook up. They are professional and competitive - even novel. I have no doubt that the other products will be delivered soon as well (even if there are changes or delays). Kudos to the team for turning things around!
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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