So here we are....
It's been a few days now since $LEO 2.0 rolled out, and we said good bye to the inflation of the token. As it's been mentioned over the past few weeks, we're now a deflationary token which means...Nothing else is getting printed.
Ever.
Which made a lot of people in the community scratch their head because we all asked...Where will the rewards come from?
@khaleelkazi told everyone, that nothign changes if you are using InLeo and Threads...But speaking for myself, I had no idea how this would ever possibly work.
And then we were introduced to the....SIRP
The System Income Rewards Pool would generate $LEO and distribute it from buy backs, ad revenue, premium memberships and so much more. Essentially, we took a token that was getting printed non-stop and have begun to buy the token now to feed the community members.
SIRP has been dishing out $LEO now for almost 48 hours and welp....
Safe to say....I'm a fan!
This is on top of the payments I've been getting from delegating to @leo.voter as well, which may start to get paid from the SIRP as well. And just looking at these numbers, compared to what I was generating before LEO 2.0....It's pretty much triple!
Obviously, the SIRP will grow or shrink depending on many factors....Mostly on the performance of the #web3 platform - InLEO
So it's in every Lion's best interest to stay active and support the system....
I'm obviously going to keep my premium membership for the long run here, but something else I learned that we can do to help fund the SIRP is....
Changing the beneficiary percentage from the default 5% to a higher number. It all goes towards the SIRP!
This post will be set at 10% and I'll see how that goes, but going forward it might end up much higher.
Overall, I'm loving this new 'mentality' for the platform. We are becoming self-reliant, and not generating rewards from the inflation. This is huge, combined with the constant buying of LEO on InLEO plus on LeoDex.
It's a pretty good time to get fired about about $LEO
Posted Using INLEO
This is the way Jongo
Love that you’re catching on to the mentality that is needed
The SIRP is a bit high right now but if everyone works together, it will stay high
It’s all about incentive alignment now. For the SIRP to be high, people have to actually work to make the platform better (no free coattail riding anymore)
We’ll be curating premiums and people with beneficiaries like you MUCH MORE in LEO 2.0. Keep up the good work spreading the good word!
that's the big point i think a lot of us missed (myself included) we can't sit around and wait for this to take off...little things like bumping up the beneficiary, making sure we are premium....that all helps. then it becomes a tidal wave.
It's pretty nice to see real results from SIRP in just 48 hours ;)
very much so!
bOOm.
Just as your deserve.
Ohhh
I got some tokens too
I felt also was having promo but I’ll just make more findings about this
Is there still buybacks from the ads? I thought that went away. Either way, I am hoping everything goes well for LEO with the new model.
Wow
This makes more sense for Leo
It’s a good one
The token is now sustainable and should increase in price over the long term.
I think things are now getting better for LEO
!BBH