Summary: InLeo AMA – December 17, 2024

Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-f11hp6eu

Link to recording:

Speakers

@khaleelkazi @scaredycatguide

---

DISCLAIMER: The following has been generated by AI (Claude-3.5) based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project

---

Discussing Crypto Markets, Referrals, and the Future of InLeo

In this episode of the InLeo AMA, hosts Khal and Mitch engaged in a wide-ranging discussion covering the latest developments in the crypto markets, the upcoming relaunch of InLeo's referral program, and the future plans for the InLeo ecosystem.

Crypto Market Update

The hosts began by analyzing the recent performance of major cryptocurrencies like Bitcoin and Ethereum. Khal noted that Bitcoin has been making steady gains, with the monthly chart showing "four straight green candles" and the price rising from around $60,000 to over $107,000 in just a few months. He described this as a "pretty big move" that has been relatively orderly, without the kind of parabolic spike that can sometimes signal a market top.

Ethereum's price action was also a topic of discussion, with Khal pointing out that the second-largest cryptocurrency is still around 25% below its all-time high, suggesting that the altcoin market as a whole has not yet fully recovered. However, he remains bullish on Ethereum's long-term prospects, citing Vitalik Buterin's recent technical roadmap and the platform's first-mover advantage in decentralized finance (DeFi).

The hosts also examined the overall crypto market capitalization, noting that the total market cap, excluding Bitcoin, has reached over $1.5 trillion, just shy of its all-time high set earlier this month. Khal expressed interest in tracking the performance of the altcoin market separately from Bitcoin, as he believes it provides valuable insights into the broader trends in the space.

Referral Program Relaunch

A significant portion of the discussion focused on the upcoming relaunch of InLeo's referral program. Khal provided an overview of the key updates, including:

1. Lowered Minimum Threshold: The minimum threshold to claim referral rewards has been reduced from $25 to around $1, making it easier for users to access their earnings.
2. Sharing Referral Success: InLeo will introduce a new "share your referral" feature, allowing users to showcase their referral earnings and encourage others to join the platform.
3. Integrating with Other Chains: The referral program will be integrated with other blockchain ecosystems, such as Dash and Thorchain, enabling users to earn and spend rewards in a variety of cryptocurrencies.

Khal emphasized the importance of the referral program in driving user growth and engagement, noting that it is a key component of InLeo's strategy to become a thriving crypto-powered social media platform. He encouraged listeners to actively refer their friends and contacts, as the more active users InLeo can onboard, the more value will accrue to the LEO token through various revenue streams.

The Future of InLeo

Looking ahead, Khal discussed InLeo's plans to expand its partnerships and integrations with other blockchain projects, including Maya Protocol and Thorchain. These partnerships will allow InLeo users to earn and spend additional cryptocurrencies, such as Cacao and Rune, further enhancing the platform's utility and appeal.

Additionally, Khal highlighted the importance of closing the loop between earning and spending within the InLeo ecosystem. By enabling users to not only earn rewards but also use them to purchase premium subscriptions and creator content, InLeo aims to create a self-sustaining economy that drives value accrual to the LEO token through various fee-based mechanisms.

Khal emphasized that as InLeo's user base grows, the platform's revenue streams from premium subscriptions, creator subscriptions, and trading fees on the LeoDex decentralized exchange will also scale, leading to increased demand and value for the LEO token.

Overall, this episode of the InLeo AMA provided listeners with a comprehensive update on the platform's latest developments, the state of the broader crypto markets, and the long-term vision for InLeo's growth and success.

Posted Using InLeo Alpha