INLEO, Dash and meme communities becoming frens

in LeoFinance24 days ago (edited)

In today's edition of the INLEO broadcast titled "Rise of the Meme Communities" King Khal, the founder of INLEO, talked about a couple of ways the INLEO community is fostering friendships and creating synergy with other communities that are currently established on other blockchains.

Dash

You might have seen the Desert Lynx, Joel Valenzuela of Dash in this year's edition of HiveFest in Split, Croatia. He's actually an OG Hivean from way back before the fork. With thousands of things to worry about in web3, he might have drifted away for a while, but came back! And just like when you come back to your old neighborhood to discover new buildings, shops, parks and sky trams, Joël came back to HIVE to discover the devs being busy bees with all sorts of development, use cases and a vibrant community! Particularly with INLEO, they've come to the conclusion that while INLEO has a good tech stack, it doesn't have the brand recognition that Dash has in the crypto space. Building deeper integration with them makes sense.

Meme coin communities

I must confess, I know almost nothing about meme coins. This week's Chain Chatter with Aguri Chan CTO, Voozle, was completely alien to me, so I had to take notes 😄.

Here's a short recap:

Aguri Chan is a part of the "Kabosumama Doge Coin" narrative with Shiba Inu breed dogs. Aguri Chan's main character, Aguri, is best friends with Neiro, the sister of Doge (The actual Shiba Inu dog who inspired this coin was named Kabosu, and unfortunately passed this year in Japan at the age of 18).

Story here.

The IRL owner of Doge is Kabosu Mama (かぼすママ) who adopted a new Shiba Inu dog after Kabosu's death, the new dog's name is Neiro. Kabosu Mama has an IRL friend who also owns a Shiba Inu named Aguri, and they have a huge following on social media mainly because of the dogs.

Kabosu Mama socials.png

So now, these dog meme coins are part of a whole ecosystem of humans who join the community because they identify, in one way or another, with the characters and the lore.

Think of it like finding a puppy in a dog shelter. It might not be the most well-trained dog and it might not know all the tricks that other dogs have and it might not even be as good looking, but there's something about that dog that warms your heart and makes you want to love him forever.

I know, right?

But I don't make the rules.

While the thought of pitching this to a room full of Sharks might seem cringe-worthy to you and me, meme communities have a lot of positivity, optimistic energy, engagement and memes! which a lot of people find interesting enough to want to join and even invest in.

People in Reddit, for example, are super active promoting DOGE, chanting things like "Do Only Good Everyday" an acronym for DOGE.

INLEO has identified a huge opportunity here and so the team is now approaching these projects offering to acquire 1% of the token supply in exchange for bringing their community to INLEO as another place to gather, share their memes and earn cryptocurrency in the process!

I believe in the idea of having Skin in the game, so showing these projects that a community is investing in their success shows that they believe in the project and might drive commitment from all parties.

If we continue to build these friendships with Dash and other meme communities, the number of users on INLEO could definitely grow into the tens of thousands in the near future, so I think it's a pretty interesting experiment.

What are your thoughts?

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Collaborating with Meme projects seems a very good idea since Memes are a big part of the current bull market in crypto. 👍🏻

It certainly doesn't hurt to make new frens and if we can welcome them to our home and they like it, maybe we can grow together. It's an interesting strategy. We'll have to wait and see what happens

DOGE is as far as I will ever go in the memecoin world. That's because of it's solid history, and the fact that it is the ONLY memecoin that is on it's own proof of work blockchain. But yeah, I respect what Inleo is doing these days, I just wish they would focus on stablizing the platform before continuously adding features.

My head hurt a little bit listening to the recordings. I'm just not into memes.

Khal did say that this though:

From now until the end of the year it's going to be feature light and much more about scaling and onboarding as opposed to new features. This means adding the Dash integrations as well as integrations with meme coin communities. With these integrations I believe we'll see 8,000 MAUs in the near future.

We'll see, haha

I'm also excited for the coming collabs and what some new fresh blood can bring.

Yeah, you can already see folks sharing posts on X about a conversation they had with a Hivean. This has been true for accounts like LoreBitcoin, Miss Bitcoin (Alejandra Guajardo), Joël Valenzuela of Dash and a bunch of others. Collaboration is the name of the game.

One part of this is confusing and I’m sure it’s because I’m a newbie
Is InLeo just a Hive frontend or will later stand out from Hive just Hive forked out of Steemit?

INLEO is a Hive frontend that also has its own L2 token called $LEO. It's built on the HIVE blockchain and will remain there for the foreseeable future.

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I'll like to continue seeing what INLEO aims to actually achieve until they end of the year, we can't argue they've been doing some good job.
That's quite some interesting dig into meme coins. In reality, the thoughts of even dabbling into it scares me..

Yeah, meme coins have very active communties. If they're able to bring them over to the platform and stay, there's a chance the user base might grow.

Don't you think most of the meme population just wants easy cash rather than anything else?

It's hard to say. A lot of people do gamble in crypto hoping for a moonshot meme coin. From Today's conversation with Voozle, though, it also seems like being active members of the meme communities are a big part of meme culture. I can't say for sure because I'd never even heard of Neiro, Aguri, etc.

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