Closing in on the point where the $550 could be better spent than on burning of LEO. The impact on the overall supply is negligible while there are a lot of ways to use $500 a month to generate growth.
This is something that will likely become more obvious as the token price races higher each month. It is likely that the token price will outpace the increase in ad revenue since markets tend to move faster.
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Awesome stats!
I agree with that @taskmaster4450 but I also think (like @nealmcspadden) pointed several times that it is good to have a "price floor".
In the future will make sense to do a "hybrid" solution mixing buying LEO tokens + other marketing that can generate growth.
For example: Paying for ads, or paying crypto influencers to publish here and bring their audience.
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It is good to have a price floor however, at the pace things are going, there is not much of one being provided. I means if there is only a couple thousand LEO burnt each month, that amounts to very little. Even if the ads explode, there is the likelihood that the token price will also explode, especially in light of the user base growth which is apt to accompany all of that.
If there are 15,000 posting, the ads will be large yet the token price will be triple digits. Still only going to get a few hundred tokens to burn.
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Really valid points, specially this one:
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If it works, dont break it. Traffic stats show it works. Exceptionally good :)
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That's true! Or LEO could make a reserve (like cash on a balance sheet) or hold buy orders to create a floor
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