My vision for the LEO token economy has always been that we
- Turn off inflation (currently set to happen when we hit 50M tokens)
- Flip to system income rewards pool (the creator/curator reward pool comes from buybacks using revenue - premium, LeoDex, etc)
- Setup a DAO system where a % of revenue flows to it and can be requested for funding community-created projects
Getting this live would have a massively positive impact on the $LEO token. There’d be no inflation and any earnings on the protocol would be entirely funded by revenue
Effectively, block rewards = buybacks instead of inflation
I’ve been pushing the revenue mechanisms hard because the faster we get to higher revenue, the faster we can turn on the system income rewards pool model
So the max supply could be lower than 50 million?
The max supply will be whenever we change over?
way better model
Revenue is essential for sustainability.
That said, how far would you say we from hitting 50M Leo tokens?