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Leofinance With Updated News

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We heard from the @leofinance account for the first time in a while. Anyone who is associated with Leo knows there is a lot of stuff in the works, announcements that we are eagerly awaiting.

Sadly, the latest post did not give us any details regarding ProjectBlank or the expected time frame on that. Thus we all are left awaiting for it to come out.

That said, there were some informative tidbits in the post that are worthy of mentioning.

Source

The first starts with the intention of the team. In the announcement, the number of signups since LeoInfra went live are charted. Each month, we are seeing an increase. We also are going to, in the next update, see Facebook and Google sign ups.

That said, what is important, is something contained in this paragraph.

The goal is not to onboard 10 million ghost accounts. Our aim is to onboard 1 million real people to this blockchain and LeoInfra is the path to doing so. Our focus over the coming months with new updates to LeoFinance.io will introduce more dynamics for making it easier than ever to use the site with additions like tooltips, etc.

"Our aim is to onboard 1 million real people to this blockchain..."

Over the years, we heard a lot of numbers tossed about. However, here we see what the thinking is for the team. 1 million users, real people, who are active on the blockchain through the different Leofinance applications.

This is vital. Applications require users for the Network Effect to take hold. It is one thing to focus upon the financial aspect to cryptocurrency. However, the future wealth is in kicking off the Network Effect since social media is becoming financialized.

If Leofinance and the associated future apps can push 1 million real users here, that will be huge.

Considering that Hive based applications, for the most part, are a bit complex, simplifying things is vital.

We see this piece tossed out.

One of our newest projects which is set to launch in less than a week will also take marketing and onboarding to a new level. Attracting a certain crowd of DeFi users to a new application we've built and slowly educating them about LeoFinance.io and how they can talk about all their crypto activities and earn rewards for it on the blockchain.

So within a week, we are going to see marketing and onboarding taken to another level. This is NOT ProjectBlank since that was briefly mentioned earlier in the post.

That said, it appears more users are expected and that an outreach project is about to be laid. One of the keys is to keep attracting people to this platform, getting them interested in one aspect while learning about Leofinance and Hive, and then letting them find out about other opportunities within the ecosystem.

This is obviously tied to this concept that was also put out.

More recently, we've started building a new application on the Binance Smart Chain which will not only handle bLEO but will introduce an entirely new aspect to LeoFi which will put the LeoFinance project directly in front of major DeFi users.

It appears the intention is to move Leofinance into the major DeFi realm. The Binance Side Chain (BSC) is rapidly becoming a viable player next to Ethereum. The fees associated with the later are hindering the progress along with network congestion.

BSC looks to take some of the load off Ethereum by tossing its hat into the DeFi ring. Obviously, with the creation of bLEO along with some other aspects, we are going to see Leofinance looking to enter mainstream DeFi.

Then we have this point:

The contracts are being deployed to testnet as we speak, auditing companies have been contacted to check out our new contracts and the bLEO bridge is being constructed to tie it all directly into LeoFinance, the LEO token economy and wLEO as well.

This is open to a great deal of speculation. What exactly is being audited? The contracts for what? Since we do not have the details, we can only offer guesses at what is taking place.

However, the idea of a bLEO bridge to both Leofinance AND wLEO is very interesting. Essentially we are seeing the combination of 3 blockchains being integrated in; Ethereum, BCS, and Hive. Interoperability will only increase the value of the entire ecosystem.

The key is the potential to funnel in more users to Leofinance and, ultimately, Hive. Many are interested in the topics that Leofinance presents and we could uncover some content creators who are serious authors looking to expand their brand. Leofinance is the ideal environment for this.

To read full announcement post:

A big takeaway is how quickly things appear to be moving. The general tone of this post is that things are going rapidly on the back end. It is evident new projects keep popping up. We also are learning that the number of developers employed is also mounting. What was once 1 or 2 now looks like it is 7 or 8.

The world of cryptocurrency is moving rapidly. Each week there are new ideas being presented. Having a project that is adaptable is vital in an environment like this.

We can presume that the scope of Leofinance is expanding on a regular basis. Thus, whatever is set down is apt to change in a few weeks time. While this might seem counterintuitive, the fast approach to adding more will eventually provide much greater value to Leofinance.

The goal is to ultimately build an ecosystem that is worth $1 billion. This will include a variety of tokens, many which are airdropped to the LEO token holders. Thus far, we know about a couple tokens that are promised to be sent to token holders (blank and governance).

Speaking of airdrops, we see this from the end of the post.

So there you have it. The better question is when will we see the airdrop?

Things are starting to get very interesting.


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Posted Using LeoFinance Beta