I've actually been saying this a while now but to actually get statistical confirmation is something quite different altogether.
https://leofinance.io/@leofinance/leo-whales-are-spreading-stake-to-new-users-or-curator-reward-leaderboard
Stats
All of the on-chain analytics point to a single conclusion: LEO whales are doing exactly what they are supposed to be doing; splashing tokens around the entire network and greatly decentralizing the distribution.
I've seen no evidence of greedy goblins running around trying to maximize their own profits at the expense of the network. I've seen no evidence of exploits or other bad acting. No one is buying or selling votes. Downvotes are few and far between and usually extremely warranted when they do come around. No one is trying to pump the price in order to dump their own bags. The whales around here have been pretty confident for a while now of the long term sustainability and longevity of the network.
Initial airdrop
By only airdropping users that held & powered up PAL tokens when the value was unknown, LEO got an initial distribution of diehard holders who understand the narrative of decentralization. We all know what needs to happen around here, and we are all working toward that end.
With the advent of another serious burst of development, the price has gone x10 and many users are more willing to buy at this new discovered price than they were at the old one. FOMO is running high, and I don't think this FOMO is fluff that's going to get swept away by the tides of fate. Even a "devastating" hack that siphoned hundreds of thousands of dollars (in a total market cap of less than $1.5M) was just a temporary bump in the road to pushing even further all time highs.
How much attention can LEO get?
The mega-bubble is coming. Dumb money is going to be flying everywhere. Everyone will be looking for that next x1000 and "easy money". How much attention will LEO be able to garner during this time? It may be more than expected.
When we look at what other networks actually do, the answer is often "nothing". Most projects at this point are pure speculation founded on the promise that it will do something eventually. Even ChainLink, currently number six on the market cap, doesn't actually do anything yet. All they have is a promise, a strong community, and the hope that other developers will build on their use case of decentralized trusted oracles.
How many stable coins have a higher market cap than LEO. They have but one purpose: to maintain their peg. How many exchange tokens have a higher cap than LEO. Their purpose? A small discount on trading fees. What about "Ethereum killers"? Worthless without other devs building apps on top of the foundation. Many coins in the top 100 do the same thing as Bitcoin but simply try to scale better. Even privacy coins only have a single function.
LEO is already way ahead of the curve when it comes to actually doing something today. This next mega bull run is going to be fueled by institutional investors with an emphasis on decentralized finance. Compared to other DeFi tokens, LEO is already a superior asset. One can farm LEO in half a dozen ways already.
- Curation
- Blogging
- Micro Blogging
- Miners
- LBI tokens
- wLEO liquidity farming
- etc.
Think it stops there? It really doesn't. The entire point of LEO is to navigate the world of finance and not get swept under the bus caused by the massive disruption heading our way. If we deliver even 10% of what we hope to accomplish here, users will flock to LEO in droves because that's the profitable thing to do.
There's going to be a ton of financial and economic displacement ravaging the world in the not-so distant future. Crypto, and LEO in particular shall hopefully stand as a beacon of hope for those who are on their last legs in society. From the ashes of the legacy economy rises the phoenix of decentralized networks of trust.
Already LEO, a much smaller network than Hive with a lot less resources, has managed to create onboarding systems connected to multiple platforms. Users can now create an account with a phone number, Metamask, or Twitter account. Again, this is just the beginning. There's absolutely no reason to stop there.
Lite accounts allow outsiders to interact on chain without even understanding the private key system we have going here. Baby steps. Allow users to get their feet wet without throwing them into the pool. It seems like a small thing, but it's a huge win for user experience (UX) and the growth of the network.
Hive
Again, there is no competition between Hive and LEO. We're on the same team. A win for LEO is a win for Hive, and vice versa. LEO isn't creating these accounts on their own centralized node, they are doing it directly on Hive. Everybody wins, and this is just the beginning. 2021 hasn't even gotten here yet.
2021
Three years ago thousands of people wanted to sign up for "Hive" and they were unceremoniously turned away. How many people do you know that would be willing to wait over a week just to sign up for an online account? The user experience of the last mega-bubble was abysmal; a sick joke. We have the tools this time around to capture way more of the action. Again, this time around, even I could create 1000 accounts if it came down to it. This network is extremely motivated.
What does that mean for the future of Hive and LEO? It means this time around we attract exponentially more users to the network. More devs, more bloggers, more speculators, more gamblers, more gamers, more enthusiast, more investors, more casual/hardcore users, more everything. Not only that, we can retain a much higher percentage of those users by looking at how they became disenfranchised the last time and avoiding those same mistakes.
Conclusion
This is a super exciting time and most everyone seems to be completely unaware of the coming storm. Through a combination of extreme luck but also competent leadership, LEO finds itself in the perfect position to fully capitalize on the next impending tidal wave. Surfs up, dudes!
Posted Using LeoFinance Beta
Return from LEO: Our Whales are Better than Your Whales to edicted's Web3 Blog
