RE: Daily Crypto Markets Live Blog: Leofinance Vision Released (05/26/22)

[taskmaster4450le]

Going to be hard. The key is going to be whether anyone ever builds on it.

That is the problem with a lot of this stuff. They can monkey with the tokenomics all they want. Show me the applications. What reason is there to hold the coin other than speculation?

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Comments

[rtonline]

I'm not very experienced with these matters but I was wondering if there would be a better solution.

The low total supply is pretty good, but why should people hold assets and why would new investors come in?

Frankly, it is a difficult process, but ultimately the decision of the community will be effective.

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[magnacarta]

There are at least 2 reasons to use the thing, and both are minimal at best:

• Payments;
• In the case of the stablecoin, on/off ramp to centralized exchanges.

As tools for DeFi or anything else, I can't say one way or the other.

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[acesontop]

From what I know there won't be any stable.

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[magnacarta]

That is a very possible outcome. In that case, we need to make sure that HBD is the last one.

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[fabian98]

I am more inclined towards the defi, since it would be a monument without utility, unless this terra 2 will be PoS and applications can be developed.

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[jfang003]

With a ruined reputation and nothing to stand out, I agree with you. Why would an app choose the new Terra chain over an existing chain? I don't see any reason to.

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[rtonline]

I think they should build something new, but not like this.

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[fabian98]

Well, believe it or not, there will be applications developed there.

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[littlebee4]

Exactly!

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[acesontop]

The problem is that people are fearful to even speculate on it...

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[fabian98]

Well you are right, since the only motivation to have the token is to recover losses haha.

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[shortsegments]

Good points, I think the big three determinants of success are community, utility and dev activity. I think this community is mortally wounded. Part of it may survive, but what will be built on it and how many applications are leaving?
Will the last one out turn off the light?

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[fabian98]

Well Do K firmly believes that this decision for a terra 2 would benefit the community that loves him so much, so it would be a matter of time.

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[rtonline]

Sometimes bankruptcy is inevitable.

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