Should we stop burning Leo?

wLeo is great success and I think all the Hive community is very happy about it. At today date Leo is most talked in Hive leaving splinterlands. Every Hivian is discussing Leo, some are happy they have accumulated nice amount of Leo earlier or the Leo miners. Some were mesmerized at the success of Leo and thinking how can they achieve the same success here.

I already discussed the points of Leo success in my previous post but I will repeat them for user who do not want to hop there.

Continuous development in LEO: Leo does not restricted itself to the tribe condenser site and tokens only but they built various tools like Leopedia (to educate the users),Leodex (a better interface to trade tribe tokens) and Hivestats (to keep track of various stats in Hive for a user). Not only they create ,they keep improving it and it is evident by seeing new LEO interface, articles that are constantly getting added in Leopedia, adding new functionality in Hivestats and so on.

Periodic Updates: LEO publish weekly reports about various stats to keep the end user informed and about their continuous development activities too. I can say LEO is maintaining excellent communication with their stakeholders.

Focusing on bringing the users : Leo team is focused on bringing the new user and it is evident by their campaign on social media like twitter. I guess Leo is the first tribe in Hive that is actively analyzing the traffic stats in their site and working towards bringing more user in LEO.

Grabbing the opportunity : I should congratulate the vision of @khaleelkazi that took steps towards Defi and written series of informative articles about it so that Leo userbase also understand it and take part in it.

Rewarding the users : Leo always rewarded the content creator in Leo platform generously and if you bring some value to LEO then LEO also make sure to reward you for your contributions. There is again generous rewards for participating in LEO Defi intiative.

Keep adding use case for LEO token : Leo always add use case for their token and keep burning the token for the various services they provide. Ad revenues earned by LEO is also used to burn the tokens supply. The latest Defi move also add one more use case in LEO.

So if you gone through the above points you will find that rewarding the users and giving them initiative and knowledge is one of the strongest point of the Leo.

In current Defi ,I guess Leo generously used all his bounty pool to award the users who are participating in wLeo. I think this bounty pool also played a great part in the success of project apart from the smart work from the Leo team.

In Leo tokenomics to support the token, Leo keep burning token to keep inflation in check. I feel Leo has very tight supply with so many takers and inflation of token is not an issue right now.

I propose instead of burning Leo we can pool this LEO in bounty pool and use this bounty pool for further development and promotion of Leo.

wLeo is just a start for Leo with interaction with outside Hive chain and it's success is faboulous. With so many external listing like coinmarketcap,coingecko ,coinpaprika etc. I guess more to follow in next coming days. It will cause more interactions and develop more ideas and I guess hopefully we will again going to develop something fabulous and again Leo will be going to award it's user a very nice bounty.

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Posted Using LeoFinance ^Beta