LeoAds Revenue Buyback | What's The Latest News on LEO DAO?

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There hasn’t been many news about the Leo Ads mechanic, a system where a DAO smart contract will buy LEO with the revenue generated from decentralized advertisements on leofinance.io, then that wLEO, bLEO and pLEO will be distributed to Leo Power DAO stakeholders & voters.

This smart contract is still being worked on by the Leo Team and our solidity dev, it will require a lot of testing to make sure everything is working as intended, but Lions can expect to see these tests in the near, very near future. We're anticipating it to be live in production before the end of 2022.

Join Cat and I to learn the intricacies and details of this DAO smart contract and how the Leo Team plans on implementing a decentralized autonomous organization for ad spend, revenue, voting and more!

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io


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Bravo, excellent post very interesting and useful, thanks for such valuable information, regards

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This will be a huge game change for everyone in LEO and provide a nice staking incentive. Will it be easy to expand it to work with other ad platforms and the potential of a internal ad network?

Posted Using LeoFinance Beta

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LeoFinance is the best blockchain based web3 community I've ever found. Glad that I'm regular author of this community and experience great initiatives almost all the time. Thanks sir Khaleel for bringing and working on great initiatives. Have a nice day!

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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.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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Why are you doing it like this (distributing revenue) and not just purely doing buy/burns?

Posted Using LeoFinance Beta

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It kinda makes sense to me actually. It's revenue sharing based on the proportion of your LP. It could incentivize more people to power up some tokens if they want an additional "income stream".

One could argue that it creates sell pressure but that is actually neutralized by the buying pressure that occurs before distribution.

Posted Using LeoFinance Beta

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Just interesting that the team aren't doing it exactly the same as CUB, when their buy/burns have completely stabilised price over there.

I'd love to see more discussion on the merits of both ways from the team.

Posted Using LeoFinance Beta

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I'm definitely onboard with DAO idea. Over time you should save time and additional responsibility by delegating the work to the smart contract. It's okay to be late when the product itself is going to be phenomenal.
!PIZZA
!CTP

Posted Using LeoFinance Beta

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