Summary: Growing INLEO – October 31, 2024

in #summary17 days ago

Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-uaazvsfp

Link to recording:

Speakers

@khaleelkazi @anomadsoul


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Onboarding Meme Communities and Scaling InLeo: A Growth-Focused Approach

In this episode of the InLeo growth call, the team provided an update on the platform's progress and outlined their strategy for onboarding new users in the coming months. The key highlights include:

Monthly Active Users at All-Time Highs

Eric reported that InLeo has reached all-time highs in monthly active users, reaching 1,880 users - a 6% increase from the previous record. The platform also saw growth in monthly active threaders (1,200) and content creators (1,100).

Threads v2 and Technical Roadmap

The team is focused on delivering Threads v2, which will bring a more scalable backend architecture to support the platform's growth. While feature additions will be light in the near-term, the priority is ensuring the technical infrastructure can handle a significant influx of new users.

Partnering with Meme Communities

A major part of InLeo's growth strategy involves onboarding popular meme communities onto the platform. The team is taking a collaborative approach, offering to purchase 1% of the meme token supply in exchange for the community actively onboarding their users and engaging on InLeo.

This mutually beneficial arrangement allows InLeo to tap into the meme communities' large, engaged user bases, while providing those communities with a new platform to earn rewards and grow their presence. The team sees meme communities as a great fit due to their positive energy, strong engagement, and familiarity with crypto.

The Dash Integration

In addition to the meme community partnerships, InLeo is also integrating with the Dash ecosystem. This will allow Dash wallet holders to sign up and use InLeo, with their rewards automatically converted from Leo/HBD to Dash and paid out to their Dash wallets. It will also enable Dash purchases of InLeo Premium and Creator Subscriptions.

The Dash integration, combined with the automated trading volume it will generate on LeoDEX, is expected to be a significant driver of new users and value capture for the Leo token.

Retaining Users Through Community Engagement

While onboarding new users is a priority, the team emphasized the importance of retaining those users through active community engagement. They stressed that it will be up to the existing InLeo community to create a positive, welcoming environment that encourages newcomers to stay and participate.

Strategies like the referral program, which incentivizes users to onboard and engage their friends, will be crucial to building that sense of community and driving sustainable growth.

Looking Ahead to the End of 2023

With just 8 weeks left in 2023, the team is laser-focused on executing their growth plan. Their goal is to onboard 10,000 monthly active users by the end of the year, primarily through the Dash integration and the meme community partnerships.

Beyond that, the team is excited about the potential network effects and compounding growth that could result from successfully onboarding these new communities. They see this as a pivotal moment that could set the stage for even more ambitious goals in 2024 and beyond.

Posted Using InLeo Alpha