Reaching a $100M Market Cap | Will INLEO have a DAO?
Hi, everyone! We are still in our early stages, but we're already visualizing the future of Inleo as it matures. We've set a goal of reaching a $100 million market cap for the LEO token and are taking all the necessary steps to achieve it.
In this clip:
- Leo DAO aims to facilitate community-oriented decision-making
- A $100 million market cap is a milestone, signaling progression to the next stage of the project
- There are examples of successful DAOs that support our idea
- The discussion on how to build this will happen after reaching the $100 million market cap
- Leo will grow to be more than just a team; it will become a community-run platform
Maybe a $100 million market cap goal doesn't sound high enough, but it's not the maximum we aspire to reach; it's a milestone that provides a foundation to support our next level. One of our plans for when that moment arrives is creating Leo DAO, where the community will have more control over decision-making.
There are successful examples of DAOs, and with the community we have, I'm confident we can build a setup that will work well and be beneficial for our users. We already operate somewhat like a DAO in the sense that we've been consulting the community before making certain important decisions.
We still have time to plan how it will look. The market cap still needs to increase 80 times from its current level before discussions with the community begin. But the plan is in place to transform Leo into more than just a team or individual; it will become a community-run platform.
Posted Using InLeo Alpha
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STOPI do strongly believe in INLEO and hope this goal is achieved.
I wish I could share your optimism concerning the DAO.
Splinterlands is suffering from DAO decision making, and you can see where it leads.
Basically large stakeholders are fucking it all up. I don’t want that to happen to inleo. Stakeholders have no freaking clue what is good or bad for any project. They just want their $$$.
It definitely must be done right. I'm not super familiar with Splinterlands's DAO model
This being said, I am confident that when we are ready to pass things fully to the DAO, it will be setup in a correct way
You can even have a DAO elect a leader who can then make decisions. That leader can be removed if the DAO loses confidence in said leader. I believe this would be a viable approach - since (especially as a small project), you often need 1 singular person calling the shots and making the hard choices
Don't joke with #INLEO
We grow, always
DAOs are really tricky to implement, we are witnessing just our neighbours at Splinterlands about a lot of growing pain points, governance, directions, etc. But definitely the way to go if we want that future that crypto promised us: Decentralized Autonomous Organizations.
I still think LEO growth has a crystal ceiling with Hive, but it is true that Hive must show it's PMF to validate LEO's one. LEO can do much more than Hive at this point, and LEO infra is advancing faster at this point so maybe the long term plan is to fork...?
Too many possibilities ahead. Onwards!
Hive is an incredible L1 technology - much like Bitcoin - there is no ceiling to how large LEO can grow on top of Hive. Our aim is to grow the entire Hive ecosystem as our ecosystem advances forward.
Remember that 1 MAU on INLEO is 1 MAU on Hive - every user of INLEO has a Hive account and is putting interactions on the Hive blockchain.
If all Hive Apps have 5,000 MAUs and INLEO has 100,000 MAUs, then all of Hive has 105,000 MAUs. It's incredibly important to keep this in mind
I'm a big believer in a rising tide raises all ships. While I've rubbed a select few on Hive "the wrong way", INLEO keeps pushing forward and will benefit Hive greatly as we grow. Many of those who are naysayers are simply paranoid we'll leave or annoyed that we're building something they could only dream of.
Onwards (with Hive) 🚀
That is a quite clear letter of intentions, thank you!
If you leverage the lessons learned by other DAOs and have a vision of where we will succeed where others failed, then the growth will be beyond lining pockets and truly build and value community. The others can struggle with splintered interest and attention in a noisy space. They can be leveraged as proofs of concept and inspiration to create something not just our own, but inclusive for a wide audience and continue to be an on-boarding positive influencer for Hive in general.
So wild to see this not only come together, but develop and evolve. Especially when we started with blogging on that other chain and I remember you jumping in with both feet with vision back in 2017!
Leaders gonna lead!
Thanks Zeke! And yes, there's a lot of potential in DAOs in general. Many aren't structured correctly. I think there are a few examples out there in the broader space of DAOs that are doing great things