INLEO X DASH: Exploring our Collaborative Strengths
Hey, everyone! Dash and Inleo are partnering to bring the Dash community onto our platform by creating an integration that allows users to sign up to Inleo using a Dash wallet.
In this clip:
- Dash has a great user base but lacks a way for users to earn Dash
- Inleo provides a way to earn crypto while engaging with the platform
- Earning and spending are vital parts of a healthy economy
- Co-marketing opportunities
After discussing our project with Joel, a member of the Dash team, he expressed interest in collaborating with Hive to engage their Dash user base.
Dash is a recognized brand, known for making it easy to spend crypto, while Inleo focuses on making it easy to earn crypto. This is what Dash is needed, a way to earn their coin.
With this integration, we will simplify the process of joining Inleo using a Dash wallet. Users will see a UI themed around Dash and will be able to automatically cash out their earnings in Dash.
We also discussed co-marketing opportunities, where we can promote the Dash wallet and encourage users to join Inleo with their Dash wallets.
This partnership leverages our strengths to meet each other's needs.
Posted Using InLeo Alpha
Very good article. Peace be upon us all
I think it works for paying out LEO into Dash. But how do we incentivize Dash users to invest into LEO? I can see the value of having 10,000 users bringing wealth in. I struggle to see how having 10,000 users extracting value would be helpful. What am I missing?
On the surface this is a good question but the answer is easy if you reverse engineer it.
First, in order to even have the opportunity to extract any real value you will have to provide a substantial amount…either by staking the LEO token (if any group/community is looking to collectively earn tokens there is no way around this) or a long-term commitment to quality content creation. Also, something to note is that any transactions converting InLEO to Dash generate fees which buy back more LEO.
Second, if we onboard 10k users, maybe 1% will actually be content creators, again without any vote value unless they purchase the token.
There are other things in place to prevent this from being an issue but in short, the potential number of sign-ups that turn into possible MAUs and investors greatly outweighs any potential “value extraction”, which is very small in my opinion.
We would need to be very diligent about teaching them to build up their stakes.