LeoAds Revenue - A Booster for $LEO Staking
Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and time to share with you happenings around the LeoFinance ecosystem and how the new LeoAds revenue can profit the ecosystem and the investors. It's your friend @faquan, saying hello from this part of the world.
One of the ways Web 2 social media platforms generate additional revenues is through advertisements on their platforms. Twitter generates billions of dollars on a daily basis in Ads. Since the launching of the LeoFinance Everything App on the Hive blockchain, it's been from one update to another and this time we'll be looking at Leo Ads Protocol.
Prior to this announcement, Leo revenues was generated from the amount of burns LEO. This had been helpful in the past but can't be compared with the revenues that'll be generated from the current LeoAds Protocol.
Ad revenue no longer burns LEO - instead of burning LEO, ad partners send BTC (or their preferred crypto) to the LeoAds smart contract. This contract autonomously buys LEO from one of the liquidity pools (bLEO, pLEO, wLEO) and then it unwraps it to native LEO. From there, native LEO is deployed to the LEO POWER pool. If you hold LEO POWER and actively vote with it, then you earn from this new rewards pool which is made up entirely of ad revenue-purchased LEO tokens
From the above, one could see the way holding and using LEO POWER can become profitable to the holder. With this most Hive users will want to participate in crabbing their own share of the Lionscake generated from LEOADS.
Why Staking LEO will be inevitable
What gives you the opportunity to partake in the shared revenues from the LeoAds is the influence you have through your Leo stake.
To become qualified for the Leo Ads revenue, you must do two things: stake LEO (like I've mentioned above) and curate with your Leo power irrespective of the size. Although the higher your stake, the bigger your curation and Leo Ad Revenue share.
This will attract more Leo power stakers to buy and stake LEO, leading to the growth and adoption of the Hive-Engine token.
Another incentive that comes with Powering up LEO is the badge that comes with increasing one's Leo power. This badge shows that you've reached a certain level of Leo power and you can now be called a comrade.
The ideas of LeoAds revenue is to let users earn from the LeoAds revenue pool depending on the amount of LEO Power held by the user. That means that staking $LEO for curation would attract an extra APY which would incite users to buy and stake more LEO as well as improve engagement to increase their LeoAds additional APY on LEO staked.
Posted Using LeoFinance Beta
Good explanation but I wonder if the increase in LEO will simply drive the price down. That's how I see it and while there is a lot of excitement I think we'll see new lows for $LEO.
Posted Using LeoFinance Beta
That's a thoughtful one but we're encouraged to stake more Leo, although I don't know if it'll increase or decrease the $LEO price. Thanks for your point of view I appreciate. I'll look into this aspect from your perspective and write about it. Thanks once again.
Posted Using LeoFinance Beta