LeoThreads Is Live: Progress For LBI
It finally happened.
After all these years, projectblank is finally in the wild. It was changed since its original format yet is bringing microblogging in a new way to the Hive blockchain.
Initially, the plan was to make projectblank its own application. This was to include its own token which would have been airdropped to holders of LEO. Of course, LBI is one that is holding a decent amount of this token so it would have benefitted nicely.
The plans were altered. This is now going to be integrated into Leofinance. The Proof-of-Brain mechanism will be based upon LEO. Hence, using Leo Power to upvote content on LeoThreads will result in curation rewards.
This is also a massive expansion of the capabilities of the platform.
New User Interface
Anyone who used the new UI notices a huge difference. This is a clean sheet design meaning they were able to build it from scratch. This is going to be expanded to include a variety of other Hive based features. If the UI can keep the speed of Threads, it will likely be the quickest within this ecosystem.
The new model for Leofinance is the Everything Application. The goal is to combine social media and finance together. This is something Elon Musk is seeking to accomplish so it makes sense to start a decentralized version.
LeoThreads is bringing the Twitter experience to Hive. The UI has the feel of Twitter even in the alpha stage. We are not looking at something that is feature-rich at this point. The idea is to test a few features and scale from there.
The alpha stage will last, if all goes well, 4-6 weeks. After that, updates will likely be provided with newer options being added. It is obvious that the team has big plans for the buildout of this application.
LBI Wagon
LBI hitched its wagon to Leofinance.
As this application expands, it will only benefit the holders of LBI. We are in a phase where dividends were stopped to keep growing the holdings of the project. This will help a great deal over the next couple years if the growth of Leofinance goes as expected.
So far, the new UI is attracting a lot of users. This is where we can focus upon the first phase of growth. Getting to 1,000 monthly users is the next target. Ironically, that could be hit this month.
The key will be to get the value of LEO towards $2. If we can see that price target, that will seriously help the holdings of many on Leofinance, including the value of LBI.
In the end, at the present distribution, that would be less than a $30 million ecosystem. This number might sound like a lot but not when you compare it to the value of other social media platforms.
If Leofinance can make an impact of 50,000 people, it will have an insane valuation. The token float is already rather tight.
LBI is going to benefit from all upward moves.
Article by @taskmaster4450le
Posted Using LeoFinance Beta
