Threadcast link:
Link to recording:https://x.com/i/spaces/1MYGNwZaVbVJw
Speakers
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Detailed Summary of InLeo Town Hall Discussion
In this special town hall-style Chain Chatter episode, InLeo founder @khaleelkazi provided an in-depth update on the project's progress and addressed a variety of topics related to InLeo and the broader Hive ecosystem.
Transparent Data Dashboard
One of the key focuses of the discussion was the unveiling of a new InLeo data dashboard. Khal explained that the team has been working to build a comprehensive statistics website that will provide full transparency into InLeo's user metrics and activity. This comes in response to ongoing debates and discrepancies around data within the community.
Khal emphasized the importance of pulling the complete on-chain data, rather than relying on sample sets, to paint an accurate picture of InLeo's growth. The dashboard will include details such as monthly active creators, Hive Power and Leo Power held by users, signup trends, and metrics around InLeo's various collaborations. While the data is still being finalized, Khal shared a preview of the dashboard's design and functionality.
The Dash Collaboration
A significant portion of the discussion centered around InLeo's partnership with the Dash ecosystem. Khal highlighted that the integration has resulted in over 176,000 Hive being bought and staked by Dash-connected wallets since the November 26th launch. He noted that while this may not seem like a massive amount to some, it represents a meaningful influx of new Hive users and capital in a relatively short timeframe.
Khal believes the Dash partnership has had a positive impact on Hive's price, citing the alignment between the launch timing and Hive's price increase. He also emphasized that not all Dash users will immediately stake Hive, as the "Hiver" mindset of actively earning and staking crypto takes time to develop. However, Khal remains bullish on the long-term potential of these types of cross-ecosystem collaborations.
Transitioning to System Income Rewards
One of the more forward-looking topics discussed was Khal's vision for transitioning InLeo's rewards model from inflationary to system income-based. He explained that as InLeo's revenue streams, such as LeoDEX and InLeo Premium, continue to grow, the goal is to eventually replace the current inflationary Leo rewards with a system income model.
This would involve capping the total Leo supply sooner than the current 50 million maximum and using the platform's generated income to buy back and distribute Leo, rather than relying on inflation. Khal believes this could have a significant positive impact on Leo's price, as it would eliminate the selling pressure from inflationary rewards. He plans to gauge the community's interest in accelerating this transition through a future poll.
Town Hall Format and Future Plans
Khal expressed his intention to make these town hall-style discussions a regular occurrence, potentially moving them to a weekly Thursday format. The open format allows for community members to jump on the mic and ask questions directly, rather than the traditional "guest interview" style of Chain Chatter episodes.
Overall, this town hall provided valuable insights into InLeo's progress, data transparency efforts, and future plans. Khal's focus on building sustainable revenue models and transitioning to a system income-based rewards system demonstrates a thoughtful approach to the long-term growth and health of the Leo ecosystem.
Posted Using INLEO
