RE: My response to Acidyo's "Shitcoins" post
You are viewing a single comment's thread:
Lack of demand
No use case
No ad or any type of revenue being generated
The biggest issue is no revenue being generated to power the value of the token. The token needs to be treated like a business and running a business in my opinion thoughts on that?
0
0
0.000
Tribes don't have enough traffic to generate any real ad revenue, maybe $1-2 a month, not enough to change anything.
But they have the possibility that they could over time like LEO has. Granted it was targeted to some type of niche? For example oneup for gaming has a lot of potential for a lot of traffic if some focus work went into it?
What other ways can a layer 2 token gain value or inject value?
Leo has a huge advantage that every person on this platform is interested in that niche. All other tribes are working with a small sub section of a small community.
When most people don’t participate much in general so even those who are in a tribe a lot are not active.
Development costs time and money and innovation even more, when the entire market cap of a token is like $20k you really can’t really do much. Especially when everyone is just dumping.
yes leo was smart to tap into the niche and maintain it's survival but it's also quite limited in growth. means everyone who comes here has to cover only financial topics so it can never be open to the general population or artist and if it tries to expand it's going to probably be limited to hive payment gateways etc.,
Posted Using LeoFinance Beta