LEO 2.0 Tokenomics | Permanent Buyer via LeoDex & INLEO Revenues

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The community and team have been brainstorming new LEO tokenomics. We have decided to accelerate the roadmap of the SIRP model for the LEO Token.

In case you didn't know, SIRP is something that is written into the LEO roadmap and has been there for years.

LEO's inflation was always meant to end some where in the mid 2030's. At that time, the LEO inflationary rewards pool for INLEO would stop paying out rewards via inflation to authors/curators.

Instead, the revenue generated by INLEO is set the buyback the LEO token and then create a new type of rewards pool that isn't filled by inflation.

Everything remains the same when it comes to author/curation rewards. The ONLY difference is the age-old question "where do rewards come from?"

Right now, rewards come via new LEOs minted into the inflationary rewards pool. Users then curate each other and use stake-weighted voting to distribute rewards.

This has been awesome for early token distribution on LEO. Now, we've allowed a fair launch for LEO where everyone had an equal opportunity to earn LEO for 6 years.

We're now accelerating the timeline for the System Income Rewards Pool (SIRP) which will replace the inflationary rewards pool. Now, users will earn LEO via buybacks only. The INLEO platform generates revenue and buys LEO off the market and autonomously puts it into the SIRP. The SIRP then pays author + curation rewards out of this buyback-filled pool.

This was always the plan, but now we're gonna do it earlier. The LeoDex app is performing incredibly well and generating revenue for the LEO Token Economy.

In this clip, we talk about the plan for LeoDex revenue and how it will also buyback LEO.

Now, LEO will have 0 inflation and actually be deflationary (as we are making a change to LEO Bridges as well).

We'll continue posting a lot of content about these changes as there is a lot to cover. Keep up with the videos and weekly AMAs every Tuesday at noon EST.

Also, use and share https://leodex.io/?ref=khal as the #1 platform for trading cross-chain assets. If you use my ref code, you'll get an 11.11% discount on all your cross-chain trades.

Posted Using INLEO

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14 comments
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Hey nice!

I exclusively use the Leo dex for my cross chain trading though I don’t do too much of that. I don’t know about the plans to switch to deflationary and haven’t accumulated Leo in too concerted an effort over the years. Might have to convert some now that you have given us the early reminder!

Love the progress and can’t wait to see what’s next.

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

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Wow!
I didn't know that Leodex revenue was high enough to do this.
That's outstanding and congratulations are in order.
It's always a good sign when your plans are accelerated by success.
Let's Go Leo!

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Does that mean there will no longer be 50 million LEOs issued?

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Now it will be less. Inflation will get cut off early so likely ~30M ish LEO will be our final supply

It will never be higher than what the supply is on that day. From that day forward, LEO will be deflationary + fully buyback-driven in terms of the rewards pool

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Thanks for the reply. That's fantastic. It will increase the token price.

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Great News!

  • This caught my ear during the AMA, and I was excited enough to research and write a post. That post has been populaur with over 100 Upvotes and over 20 engagements in less then 24 hours!
  • I think it was a good idea to release this post focusing on it, and I focused on the token sustaining aspects of this change, and perhaps a reversal of fortune in token price.
  • It is oftten debated that price isn't as important as utility and sustainability. But price is the first thing people see. However, now the people shold see a token at a low price, great utility and huge upside.
  • It is transforming Leo into a Rune like situation, where RUne has a greater chance of going to 5 dollars then to zero, so investing at one dollar is a great entry point.
  • Leo is a great entry point.
    -Do you plan to do a short on Arbitrum Leo?
  • I already wrote a post on that aspect of the AMA! LOL!
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