LEO isn't just about the price but the community and I are kind of against burning tokens. Sure it may help price but I feel that the focus should be more on trying to provide utility. It's still actively developing during the bear market.
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No project will succeed without a proper sink for the supply. Use cases can help but without sink it won't survive long term. Why do you think the price is dropping even though the user base is increasing and utility is increasing. What happened to the CUB price? I bought them for 4$.
I know CUB price dropped a lot but I agree with the sink. However, I don't think burning the tokens is the best choice. LeoFinance is thinking about a ad revenue system where they share the LEO back to the users who stake and I think that is better.
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How do you think that is better. Imagine if people dump all the leo tokens given to them from the ad revenue, do you think the price will go up?
It would come staked and I don't think most people would sell it. Even if they did, they would have to power down and overtime, earning less of the staked portion over time. So I think it would just be a selloff at the start but it won't affect prices as much.
Posted Using LeoFinance Beta