RE: LeoThread 2025-07-07 18:14

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$LEO is now 100% issued on Hive-Engine

This means that 0 LEO can ever be created. If @leo.tokens were to try and mint LEO, it would kick back an error. It is physically impossible

The max and circulating supply of LEO is now 30M Tokens. It can never be higher

Well, I just burned 1 LEO to prove it. Now the max LEO that can ever exist is 29,999,999

Every LEO that gets burned from here on out is a LEO that can literally never make it back to circulation

leofinance
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But, how did you permanently dried out rest of unpublished LEO from H-E?

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By issuing them all to Null

1B was the old hard cap. This was just a random number. Actual inflation was controlled by the rewards pool

Now that there is 0 inflation, there is 0 need for the ability to mint LEO. So by minting all outstanding LEO up to the hardcap, we've made it physically impossible to mint

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This is insane to me lol In a very good way.

So is there anything in the LEO eco system that is burning tokens now as well? I saw some things get sent to null earlier, but is this a thing going forward?

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Haha yes there are a few things:

  1. the main mechanic in LEO 2.0 is that 100% of bridging revenue (bLEO, pLEO, heLEO and LEO) burns LEO. So if the fee is 2% and 100k LEO gets bridged in a month, that's 2000 LEO that is burned
  2. secondary mechanic is that a % of the SIRP is burned organically - we've left the mechanism in place where if someone posts from any frontend that isn't INLEO but their content earns LEO, then that earned LEO is sent to @null (automatically burned)
  3. a 3rd organic mechanism is the community. I've seen @onealfa voting posts that send their rewards to @null (like the @buildawhale posts for example). So any rewards earned there also get sent to Null. If anyone sends LEO to null in any way, shape or form then the LEO is perma-burned and can never return
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Oooooooh that second way is super slick....So even if people post content via PeakD, the LEO earned goes to null. I like it.

Man, if this stuff doesn't absolutely moon now...I will lose hope in humanity lol

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I am much curiuos, if these 30M covers 7.4M wLEO tokens, wrapped and pooled on wLEO-ETH pool on Uniswap?

https://debank.com/token/eth/0x73a9fb46e228628f8f9bb9004eca4f4f529d3998/overview

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LP's need to stay in the LP until we fix that

If anyone withdraws early, they'll realize the slippage and we are trying to avoid anyone doing that

Stay in the pool and the geyser will be paid alongside the pool being properly balanced

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Just wondering if this is why leo.bounties' payout for HP delegation has been so hit-n-miss for the past week?

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