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.