Hi everyone! Recently, we hosted a different Chain Chatter session where we discussed the token LEO, Inleo, and LeoDex from a unique perspective, aiming to explain them to those who are just getting to know us or have never interacted with our documentation before. While we've made significant strides, it's always crucial to maintain a strong foundation.
In this clip:
- The maximum supply is 50 million, expected to be reached in approximately 32 years
- Block rewards decrease every year
- There are different versions of the Leo token native to Hive on other blockchains like Ethereum, BSC, Polygon, and Arbitrum
- We delve into the System Income Rewards Pool and what happens after reaching maximum supply
- Token distribution
The token Leo lies at the center of the economy of the Inleo project and all that we build. It has a maximum supply of 50 million, which decreases every year by a fixed percentage and is expected to reach that maximum in approximately 32 years.
We have multiple listings focused on establishing a presence on decentralized exchanges (DEXs). Thus, we have the native token on Hive, a blockchain with no fees and fast transactions. Additionally, we offer wLEO on Ethereum, pLEO on Polygon, bLEO on BSC, and most recently, LEO on Arbitrum.
Currently, rewards come from inflation, but in the future, after we reach the cap, a mechanism we created called System Income will handle rewards. Presently, it feeds into liquidity pools like the LEO/CACAO pool on Maya, but will gradually replace block rewards.
These rewards are allocated to three different entities: content creators, who, as long as they publish through Inleo, are eligible to receive LEO rewards; curators, users who hold LEO in stake and use it to upvote content creators, thereby allocating part of the inflation according to their stake; and investors, facilitated through the Geyser, which allocates rewards to investors in the wLEO/ETH pool, soon to be moved to the LEO/CACAO pool.
So, these are the fundamentals of the LEO token. We delve deeper into the topic in our video, and you can always visit the documentation to learn more.
Posted Using InLeo Alpha
LEO - a future -minded token. We're sure of sustainability here...
It's always nice to hear a verbal review of the tokenomics and hear other peoples questions, as it helps you learn by listening to questions I may not have thought of, and it helps to glimpse into the future of sustainability for the project.
Thanks
By the way...
Are there any current uses for pLeo and bLeo?
Thanks
liquidity and trading on those chains
Very informative, the only problem I have with this is that the inleo site where we are going to generate the income reward isn't really accessible and has bugs that should be addressed, aside that the leo will do very well as we move into the future.
You probably haven’t used the INLEO frontend in a while
I’d suggest logging in again. Things are a lot different than they used to be in the early days of the UI
Okay, I will try it. The frontend only works on brave and sometimes lags that's all
Give it a shot and tag me with how your experience is! If you encounter any specific issues, I'll fix them for you :)