LEO ad revenue keeps on rising!

in GEMS2 years ago (edited)

LeoFinance.io ad revenue just keeps on rising

The Leofinance team put out an update on their ad revenue from the month of October earlier today.

The overall gist of it?

Ad revenue just keeps on climbing.

During the month of October, they were able to generate $713 in ad revenue, while they generated $555 in September.

For those doing the math, that is a 28% increase in ad revenue month over month!

Not too shabby!

Over the last 12 months, LeoFinance has generated $2,295 in ad revenue, from October 2019 through October 2020:

image.png

(Source: https://leofinance.io/hive-167922/@leofinance/october-leoads-report-this-month-generated-31-of-our-total-yearly-ad-revenue)

Things just keep on improving...

We lost a a bit of momentum with the wLEO hack a few weeks back, but the overall growth is still looking solid on a lot of levels.

With wLEO looking to get going again in a few weeks things should only continue to pick up from here.

The majority of the ad revenue is coming from the LeoFinance.io blogging website as we can be seen below:

image.png

(Source: https://leofinance.io/hive-167922/@leofinance/october-leoads-report-this-month-generated-31-of-our-total-yearly-ad-revenue)

We could probably look to improve those numbers without even getting any new users if we just get our current users to remove shields on their Brave browsers.

More on that can be seen here:

https://hive.blog/hive-167922/@jrcornel/an-easy-way-you-can-help-both-leo-and-yourself

Also it sounds like the ad revenue being used to buy back LEO is going to be an automated process going forward.

This from the announcement post:

@jrcornel and a few other users recommended that we try an automatic repurchasing program for the ad revenue. In prior months, our ad revenue was small enough to just set a buy order and wait for it to get filled.

Now that our ad revenue is much more significant - and the price of LEO continues to rise - we need a better program for continually buying LEO so that we can get orders filled and burn the purchased tokens. Today, the automated buyback program has started.

In the long run this is going to be the right move and it makes sure the LEO is continuously purchased and removed from the markets.

Overall, things looking very good for LEO, and the price has been reflecting that as it has hung in there around $.17 while HIVE and much of the altcoin market continues to meltdown.

Stay informed my friends.

-Doc

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