LEO Statistics, DeFi and Feedback to Improve Premium

in #defi14 days ago

After the list of Premium users going under 200 for a brief period of time, we have stabilized the number slightly above 200. That is over $2,000 per month going to Liquidity Pools with 50% of it directly buying $LEO from the market. The number of Premium users should increase along with the growth of HIVE. @leofinance has one of the best Proposals currently funded by DHF which should multiply Premium user counts. This will happen on top of the ad revenue!

Visitor Statistics

Visitor numbers and page views can fluctuate from month to month. What is important is to keep a strong baseline. I assume most of the visitors are HIVE users that are using the InLeo front end. The 18% Brave users are the ones who are most likely to be already familiar with cryptocurrency. I would expect the opposite of those using Microsoft Edge. I think we have a lot of potential for growth in India due the sheer size of the population.

Selling HIVE to already existing communities is the best path forward IMHO. Web 3 gaming guilds could be some of the best candidates to target. No other blockchain social media is offering the same level of decentralization and a robust feature set including feeless transactions.

Adding Another Month of Premium

It is a simple Keychain transaction for me. I prefer to stick with Keychain whenever possible. It is the HIVE's Equivalent of MetaMask. The developers have done some amazing work recently. You can read about them on @keychain blog.

One of the problems I have is that it takes too much time for the UI to reflect that I have bought Premium. I do not mind the wait. I know that not using a centralized database has its drawbacks. A new user to Web 3 is more likely to panic and look for support. At least having a popup to telling users to wait would be a good addition.

Growing on Maya Protocol

LeoDEX has been doing well for a new project without a strong following in the ecosystem. Based on the latest article from @lefinance, part of the earnings from Premium subscriptions are going into the LEO:CACAO Liquidity Pool. In other words, the following text must be edited:

The Rise of LeoDEX in Maya DEX Ecosystem

It has been a week since I wrote the above article. It is a delight to see that the statistics have improved since then. We were not merely seeing a strong start that was dying down after the initial excitement. The trades continue to happen and it is possible that many users on HIVE are not eve aware of being able to swap native HIVE for many other native cryptocurrencies.

A Promotional Use Case for Premium

Asking people for an investment and telling them that they can have a service/product for a fee are very different. One is oriented towards the future and the other can be realized immediately. What if there was an extra reason to buy Premium that all authors would love to have? What if we could do something extra with the empty space or using notifications?

Push 1 Article to All Users

Each Premium user can have a one of their articles featured either as an announcement or as part of filling up the current empty space/s for all visitors coming to the website for an hour (could be changed as appropriate). If there were 2,400 visitors in a day, an hour is ~100 users being notified to read a featured article. Since there is only 1 article per month is allowed, the authors are incentivized to pick their greatest works. Alternatively, Premium users could be allowed a fixed amount of free credits to the upcoming promotion feature.

Read The Docs

The current priority is to fix the bugs that resulted from an year of rapidly launching new features. LeoDEX has tremendous potential for growth at the moment. It makes sense to pour more attention towards the DEX. We will have to wait for many months to see a "Promote" feature back in the UI. I used the feature in the old UI and liked it very much. I am eagerly waiting for a comeback packed with improvements.

Happy Writing! Happy Investing!

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