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RE: Leofinance: A Lot More Than Just A Token Pump

in LeoFinance4 years ago

I really see subscription services as having the ability to attract the next tier of quality writers to the LeoFinance platform.

Do you see offering the ability to charge in ETH as detrimental to the LEO token though? Does all of the eCommerce features on the platform need to be priced in LEO to close the economic loop and truly give the token value?

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Not at all because it will end up being paid out in wLEO, not ETH. This means that the LEO will will converted to wLEO before the payout. After that, the individual can opt to change it out however seen fit but, that is always the case no matter what the token is sold for. So LEO turning into Hive.wrap is the same as wLEO become ETH.

That said, it is vital to increase the value of the LEO token so that people have to think hard about what to do with it.

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