Will LEO finally get it right?

I've been stacking $LEO for years at this stage. Slowly building up my stake through buying and blogging. I love the fact that the team has always had big visions of expanding their offering cross chain and building the best web3 social media app out there.

With that said we have had a lot more misses than hits. Cubfinance and all other versions of defi cross chain were a total failure. They wiped out a lot of funds and a lot of faith in the leo team.

The team promised big things with the launch of their new social media site inleo. We were expecting ad revenue, nft's, prizes form the onboarding campaign. Again none of which ha happened.

Lately it's been about onboarding huge numbers through collaboration with other exciting crypto projects starting with maya and moving onto dash, thorchain ect...

This seemed to be going well and users were joining up in big numbers but i don't see anything about the collabs now. Unfortunately the DHF proposal never got the backing needed to really push ahead with the marketing but it seemed to have some early promise.

Part of this collaboration was creating a cross chain dex through maya protocol which may finally have unlocked the potential of the leo team to build a real working project with revenue potential. It's the big push at the moment anyway so it will be interesting to see if they can stick with it and create a successful project.

One successful project will help everybody as the revenue is tied to the $LEO token and if that takes off is also tied to the price of hive which would be a welcome bonus. Khal has been posting a lot of updates to twitter lately about changes to inleo, leo, leodex and the overall economy which will be interesting to see play out.

From Khal twitter

New $LEO changes will arrive quicker than most anticipate
I’m excited about the future of our economy, with LEO as a deflationary absorber of value capture via LeoDex & INLEO

• move from 0.208/block rewards -> 0 block rewards
• @inleoio rewards pool filled solely through buybacks
• @leodexio affiliate rewards paid as USDC to LEO stakers
• limited time volume-based airdrop to early LeoDex users
• bridging fees (LEO, bLEO, pLEO, heLEO) burning LEO on each TX

We’re finishing the tech for these and should roll it out soon. Get ready for a fully revamped LEO economy with LeoDex as a centerpiece of value.

It seems to be working at the moment and to be fair crypto has always been crying out for a simple to use cross chain dex. I've been stacking $LEO for years despite all of the setbacks as they have always had great vision. The problem has always been on the delivery.

It seems that every time the team is going well they jump onto the next shiny project instead of keeping the focus on what they are currently building and bring it to fruition. They have always kept trying and the failures have never been malicious so i stuck with the token and kept stacking for the day that they get it right and finish the job.

Will leodex be the one?
Who knows. But with the LEO token apparently going deflationary and leodex generating decent revenue i will be watching closely to see if the token can recover it's previous price highs and finally achieve on some of the promise that it has always shown.