I heard in your Crypto Salad with Khal that the LEO token will be the backbone to the whole Leo ecosystem so while there are all these projects floating around and being built in addition, the core will still be the LEO token.
The inflation is an issue but not in the sense of it being too high, it's not high enough to accommodate all the new folks coming in! What is there? Only 1-2% available out of all supply? Crazy! Definitely going to be a liquidity issue but will be interested to see what happens after the snapshot
Posted Using LeoFinance Beta
That is true. Even though it is over 25% right now, it is being eaten up very quickly. This is something that people miss about the inflation situation. Inflation is there to stimulate growth. Without it, at some point, growth stops.
Fortunately, there will be other tokens that can help to incentivize newer people. But for those going after LEO, it will be tough. There are about 50K tokens distributed a week, not a huge amount when you think about it in USD terms.
Consider if the ecosystem has 1 million people. That is not a lot of LEO for each person.
Posted Using LeoFinance Beta
Yeah I agree. Create the demand for the token, then it will get eaten up by Hungry Hippos (you ever have that game in the USA with those little plastic hippos eating those little plastic balls?!)
Even if the ecosystem has 10x the amount of people now, that will quickly suck up any liquidity too judging by the current state of play
Posted Using LeoFinance Beta