LeoDEX Excels at User Retention! Can We Have Free Trading for Apex Lions Next?
I have been thinking long and hard about improving LeoDEX as I am a community member with skin in the game. What bring success to $LEO is good to me as I have a stake that I actively use to curate on INLEO. I have lost over $60,000 investing in CubFinance + POLYCUB and I want to come back withe a vengeance with 100% of the focus on a single Token that is LEO. It would be great if others LEO stakers could add their own feedback to make this project a success and get us over 100 million dollars in marketcap. We are growing our revenue streams fast. Big goals are becoming more and more realistic as the team keeps building.
Revenue is King
Revenue cannot be easily faked and it is not a matter of sentiment. Revenue is not an opinion of someone. Revenue is one of the most important indicators for fundamental analysis and LeoDEX is doing a good job with it. The above screenshot only account for THORChain + @mayaprotocol. I could not find statistics for Rango and I could not filter Chainflip for weekly revenue. Lifetime revenue has been small due to more users picking other options.
Do not forget that INLEO has its Premium subscription that allow users to have larger Threads, more themes and better exposure through "For You" page. There are other promised features that has taken a backseat because we need to focus on what brings us the most revenue (which is THORChain).
Each user pays either 10 $HBD per month or 100 $HBD per 12 months. I would expect the weekly revenue to be around $300. This is clearly smaller than what LeoDEX is bringing us. We have to think of ourselves as a business. We have to focus on the areas that are most successful and then try to build a larger ecosystem mixing social media and DeFi. As I mentioned, revenue is king. It is more important than users or marketcap. Revenue is one of the strongest indicators that is extremely difficult to fake. Revenue is Real!
2nd Highest User Stickiness
We are climbing fast in statistics. In the middle of the month, we were at the 4th place. I was looking forward to see us reach the top. I was not expecting to see the rank go up this fast. Victory is not here yet, but look at where we were recently.
Compare what you see with the first screenshot and you will notice the growth. I have been contributing to this statistic myself. The fees are low enough and the UI/UX is some of the best in cryptosphere. It is not difficult to use LeoDEX when there are many supported assets.
Refer Your Friends and Earn
If you are not a big influencer or a Key Opinion Leader (KOL), it will be difficult to earn much from the referral program. Since we have to suffer through gas fees at most places outside of HIVE, referral income could end up covering for the fees you pay across trades.
Are You Doing Your Part?
I have been severely hit by the bear market and the swaps I make are on the smaller side. When using LeoDEX, I get to experience zero slippage and tiny fees. Streaming Swaps can minimize slippage even for a moderately sized trade. If you make them on LeoDEX, you will be helping your own investment and community.
Free Trades for Apex Lions
There is already a ranking system for INLEO users based on the amount of LEO Power they have. I am proudly a Lion. Users such as @onealfa are Apex Lions with a tremendous investment and skin in the game. There is a limit to how many Apex Lions can exist due to the limited supply of $LEO.
Rank | Leo Power |
---|---|
Kitten | 1,000 |
Newborn Cub | 2,000 |
Cub | 5,000 |
Lion | 15,000 |
Leader of the Pack | 50,000 |
Apex Lion | 150,000 |
There are 23,984,858 LEO Tokens currently in circulation. The maximum supply is 50 million LEO. We are almost halfway at the max supply and @khaleelkazi is planing to end inflationary block rewards altogether. Fee discounts based on already existing hierarchy should create additional demand for $LEO on top of the regular DEX + Premium revenue. If there are any objections, we could keep the fee at 0.01% for Apex Lions.
LeoDEX could implement a more sophisticated system at a later date. We need to ship this feature and provide added value to $LEO while the market conditions are already in a good state. There are likely some users at or near 1,000 LEO staked who are not using LeoDEX yet. There are many outsiders looking at $LEO without investing in it. If we both eliminate block rewards and provide more value for stakers, price action should become favorable enough to put us on the map.