Leo needs to kick off its flywheel and develop a model that reinforces itself. Leo Premium is something that can be at the center of this.
We know how well Amazon does with this. It feeds Amazon Prime into other aspects of the business.
Leo needs to kick off its flywheel and develop a model that reinforces itself. Leo Premium is something that can be at the center of this.
We know how well Amazon does with this. It feeds Amazon Prime into other aspects of the business.
interesting.
isn't LeoAds the main flywheel ??
I thought Leo Premium funded the back end costs.
Can you expand on this?
We have the ability to build some incredible models on Leo (Hive). Sadly, most do not have the knowledge of how to go about this. That is why there is a lot of chasing our tails.
True. Something I will ponder on.
Yeah. Virtuous cycles can become natural when properly built. A lot of them can happen organically if mapped out and interconnected.
With something like what is happening here, a huge amount of potential.
I agree so much potential.
This entire new InLeo interface and branding has been amazing for me.
Sometimes I get so focused on what we are building, I forget to look at other possibilities. I am going to spend some time thinking on this.
Well we need those who are focused upon their projects to the extent of most other things also.
But it is important for people to keep thinking about these things. That is why I keep harping upon basic business building principles. These are models that can be implemented on here to create the massive effects we want.
Leo Premium goes into the bLeo-bHive liquidity pool and is permanently locked up.
The flywheel is where leo premium can be the value proposition with more features built in. Amazon uses prime for this...look at all you can use it for. This extends the tentacles out into many different areas...music, movies, sports, shipping, etc..
All of that eventually feeds into sales, i.e. the buying of product.
ahhh! I forgot about the bleo & pleo things.
Makes sense.
But, what will InLeo get from permanently locking Premium funds into bLeo-Hive pool?
It is a way for people to enter either Leo or Hive. One of the big issues is there are few ways to get the token/coin. Without liquidity, big money will never move into a token since it is afraid it cannot get out.
Try to get in or out of $5K of LEO. It isnt easy right now. That is where liquidity enters.
Liquidity is quite basic for a crypto ecosystem, this way the investor feel safe about their investment being vested in a project for longer tenures.
What task said in his reply here
Also: Premium doesn't just "go into it"
It buys the $LEO off the market. That's built-in buying pressure each month that is buying liquid LEOs and then locking them in an LP forever. If you know how an AMM works, then you'll know those LEOs are technically for sale, but they're not all for sale at market price. There's a graph of how those are for sale on an infinite price increase
So LEO is effectively being removed from the circulating supply and placed into order books. If the price reaches an astronomical level, they slowly are unlocked on the way up (AMM model)
It's nice explanation, I know what AMM is and how it works. Do you buy LEO from Hive chain as well or only that is on Polygon and BSC chains?
Thanks bro.
Yeah. I was just reading Khal's post. It will be interesting to see if the numbers would go up when people will learn about it.
Well there is much more to it than simply what Khal wrote. Unfortunately, what he is proposing is from a development perspective. Since Leo is community owned there are many more pieces but those on here do not really understand any of this.
Yeah, most of us just see what's on the surface. Could you perhaps write a more in-depth article about it?
LOL I probably could write a dozen. There could be ones for Hive and for Leo.
What would you like to know in particular.
That would even be better as it will allow us to understand better. Would be interested to know more about what else can be built if the Leo Premium grows big. What else it can do apart from growing or deepening the bhive-bleo liquidity?
I'm quite sure I'm not the only one who couldn't see further so it would be nice if you could expand it the way you always do :)
Some of the tentacles (ideas) I toss out there are part of a flywheel concept. Sadly, few jump on it since they cant comprehend a lot of this.
Yes
I've realized that Premium is the path forward for LEO in terms of monetization. Even more impactful than Ad Revenue IMO
We see Elon pushing the same on X with Verified Personal/Org memberships
I've changed the entire team's directives to line up with getting us to 1,000 premium recurring subs by the end of Q1 2024. This is now our #1 focus
Developers are focused on 1) UI stability 2) adding new premium features in Q1
There are other aspects to the flywheel that is beyond your area and up to the community. It is imperative that those avenues are established which will enhance your efforts.
Hard to make a sale when there isnt much to sell. This is where we (the Lions) have to step up.
I will put together some articles.
true, well spoken
Something around the "attention" is a very good way to pump that flywheel for premium. Sometimes people just want to pay to be noticed... to be heard... and on the blockchain, this is difficult to be noticed, hence why an UI can really make a value proposition in terms of adding that feature for value.
I would defiantly say that with something along those lines (and there could be several levels like X has...) I would be perfectly happy to pay, to be heard.
Example:
Normal Premium = just new features...
Premium+ = Same as Premium, plus all threads to immediately join threadcasting in the top, for 24 hours.
Premium++ = Same as Premium+ but instead your threads stay for 3 days.
And so on...
(this is just an example, but you get the idea)