Like most steem-engine tokens, the price of Steemleo (in steem) has fallen significantly the past few days, hovering at about 0.11500 steem a piece as we speak. Imo, if you were looking for a chance to get into this tribe and be a dolphin or whale I think this is the time. As for me, I just bought a few today, as I have been doing everyday using my daily steem liquid rewards for the last couple months.
Why? Well, the reason is simple. The LEO guys are doing today what Steemit sinc failed to do for 4 fucking years now. And I am talking about simple things that everyone would expect to see from a crypto-based social media platform. Here are some examples:
1) Built-in Exchange: Like...duhhhhh.... Steemit should have a built in exchange for trading all kinds of coins since day one. Instead, for whatever reason, they have opted to "officially" shill a third party solution, essentially denying themselves some really fat profits from trading fees.
However, Steemleo already has https://dex.steemleo.com/ and guess what? All listing fees and part of the trading fees are used to permanently burn leo. True, it's not much yet but those fees grow slowly but steadily.
2) E-shop: Again..duhhhhhh! Steemians have asked for something like this again and again. A market place to sell their services and shit. It's a no brainers for steemit to have an official marketplace like other social media sites do, but no such thing exists yet... Oh well, Steemleo got our back again with the brand new https://shop.steemleo.com/. Yeah you won't find much there yet but a start is a start. And guess what? Again, all the fees go to burning leo!
3) Ads: Ok, that's something steemit does have for a year or so. But it took them three years and almost reaching the point of bankruptcy to understand that there is no magic money tree and they can't rely on the free premine money for ever. As for Steemleo, it's at the moment their number 1 source of income. And you guessed it... All that revenue is used to burn leo!
4) Outreach to influencers: Now, Steemit Sinc idea of outreach is finding some chinese bimbo that nobody knows and delegating her a shit ton of coins to make herself and her family super rich. What steemleo does is actually making syndicating accounts, reblog their content and try to reach them and bring them here. True, they haven't had much success yet, but at least they are putting some effort into this shit and I think it's just a matter of time before results come. And yes, part of the syndication rewards get burned too ;) You can read more about the syndication process here: https://steemleo.com/syndication
5) ??: And here's the best part. Steemleo keeps up coming with new ways to both attract people and create new sources of income that is used to burn tokens and bring value to their ecosystem, instead of just relying to speculation and moons. And for the last 6 months, all they have been doing is announcing and materialising new features on the platform.
As for the coin burns, here's a screenshot from today. In just 6 months they have managed to burn almost 30 % of the total coin circulation:
With current prices, you need about 20 $ to buy and stake 1000 steemleo and become a nice fat dolphin. Sounds to me like a risk worth taking!
Posted via Steemleo
Posted via Steemleo