I Don't Buy LEO Because I Don't Have To + Yearning for More Collaborations!

in r2cornell •  8 months ago 

I consider @splinterlands to be the original killer DAPP on HIVE. The game managed to have over half a million Daily Active Users and become the #1 DAPP in the world by the number of users. HIVE gained a massive influx of users and investments and our blockchain gained better recognition. The projects under the LEO umbrella has been one of the most forward thinking projects on HIVE with an even bigger scope.

A Glimpse of What is to Come!

This is merely the start of the best things to happen to @leofinance. What you are looking at is the price of $LEO over the past year. A considerable portion of the price increase happened during the bear market. We are in the early phase of the overall bull market. Imagine what we could accomplish over the next year with all the new upgrades and connectivity with other cryptocurrency projects.

This is Bigger Than a Coinbase Listing

I am not trying to create unfounded hype. Take some time to think about the implications of the new LeoDex launch and the antifragility it is going to give birth to. THORChain is the best way to setup a DEX. What I am specifically referring to here is the swapping of native assets. Wrapped assets are less decentralized and create all new attack vectors. Those who took part in various Liquidity Pools and other DeFi activities know how bad things can get when a bridge is hacked.

This does not mean THORchain or others like it reject wrapped assets. Tokens created on top of supported blockchains such as Ethereum are can be used in the DEX. Those who desire a more secure and convenient experience can opt to swap the real asset instead of some IOU.

There is a lot of catching up to do to reach the above volumes for DEXs. What matters is that there is a trajectory of growth. @dalz has been keeping track of trading volumes over the years. Take a look at his reports to find some extra insights.

Most of the HIVE's connections are with BNB Chain. Additionally we have had wrapped assets on Ethereum and Polygon. The new LeoDex in collaboration with Maya Protocol DAPPs use wrapped $LEO on Arbitrum. @leofinance has built the necessary tools to take care of the conversion of $HIVE and other HIVE-Engine assets behind the scenes. These features will be released over time instead of all at once. All DAPPs and Tokens built on HIVE will have a far easier time acquiring other assets with minimal effort.

My Thoughts on TeraBlock, Splinterlands and HIVE Partnerships

A CEX listing such as could be a great blessing for short term price action. Think about what would happen when a delisiting happen or some anti free trade bureaucracy like SEC made a baseless lawsuit! The CEX listing will not look the same after that. I loved what @terablock-hive was trying to do and I'm a big supporter of Proposal 295. Unfortunately, most HIVE Whales do not thought of it in the same manner.

What we now have with Maya Protocol + THORChain is even more decentralized and censorship resistant. There will be many front ends to trade $HIVE + other assets built on top of it and users of any of the blockchains (or DAGs, etc.) connected to Maya Protocol will have some interoperability with HIVE.

Don't Buy; Earn and Delegate

I would like to congratulate all the investors who bought $LEO before the price increased and thank all the investors who are buying right now for being a bigger part of the community. I have personally bought very little $LEO over the many years (starting from the time on STEEM). I received Airdrops, posting rewards, curation rewards, LEO Miner + LEO Mega Miner income and delegation rewards.

Collaborating With @splinterlands

Any Token that is tradable on HIVE-Engine is linked to LEO which is then linked to Maya Protocol and THORChain (eventually), leading to a massive exposure for anything built on HIVE. Some of those who join @splinterlands are bound to be clueless about DeFi. There is a great opportunity for for a collaboration between the two projects to help out each other immensely. As an investors of both of these projects + HIVE, I will have a triple benefit from a cross promotion.

The statistics are taken from [Semrush] which is offer a free version with no registration process. Keen investors can use this tool keep track of the the amount of web traffic received and the popularity of the website.

Cryptocurrency do not exist to be a part of the traditional financial system. Cryptocurrency do not exist to upgrade what is already established. The goal is to provide freedom preserving technology and build better alternatives to TradFi. A car is not a better horse. Cryptocurrency is not a better bank! We need to have our own economy with peer to peer free trade.

Happy Investing! Happy Innovating!

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