InLeo has cooperated with $DASH's @dashpay team to allow Sign Up on HIVE with DASH wallets. The integration should give DASH users Lite accounts on HIVE and allow them to automatically covert their Hive and LEO earnings straight to their DASH Wallets.
Never I have been excited to be on HIVE as much as I am today. INLEO platform restored my faith in the community that felt stagnant for a while. I've only seen the platform improve over the past year, and it's finally at a level I'm comfortable preaching about it to other communities. It's not perfect, I still find bugs on INLEO every NOW and then, and some of their features like Threads, are not compatible with other HIVE platforms, but the potential is there!
The Next upcoming INLEO feature is DASH Integration.
The idea is simple, people will be able to use their DASH wallet to Login to HIVE blockchain using Lite Accounts, (which are fully functioning HIVE accounts,) and use INLEO via a DASH-themed interface.
DASH users will see their HIVE earnings in equivalent price in DASH. When their earnings reach a certain threshold, they'll be automatically converted to DASH, (via LeoDex,) and sent straight to their DASH wallet they've used to login!
I'm excited for this integration as it means more users will be onboarded to HIVE. A lot more!!
Sell Pressure on HIVE ...?
In the latest AMA threadcast, a fellow audience member, @cpol asked the INLEO team: "Since DASH users earning will convert automatically to DASH, won't that decrease HIVE Price?"
https://inleo.io/threads/view/cpol/re-khaleelkazi-hpj3ve3b?referral=cpol
I think that's a fair observation... Rewards earned by DASH users after the integration will be converted out of HIVE ecosystem. If there were too many transactions outside to the DASH ecosystem, of course HIVE price will be affected. HIVE already has a massive sell pressure as is, it's understandable to worry.
But that's only if you're not looking at the full picture... Here are some counter arguments:
DASH integration will be implemented Both ways!
- DASH users will be able to pay for INLEO services, like premium accounts, using DASH which will be added to HIVE ecosystem.
Most of the Rewards on the INLEO platform are in the form of $LEO.
- On threads, HIVE rewards are seen as a bonus.
Only Liquid Rewards get automatically converted to DASH!
- If DASH users wanted to convert their Hive Power as well, they'll have to power down manually.
Also, Most HIVE users are already sending their money out of HIVE ecosystem.
- That's why we're facing the 'Sell Pressure' problem in the first place.
- There's a Convenience Fee on the automatic conversion for DASH users, so there should be less HIVE outflow per user as than right NOW.
Finally, Onboarding and Engagement are more important for increasing HIVE's price than decreasing the Sell Pressure! No one wants to be part of a dead community.
Most of these points were talked about in the latest AMA, and @khaleelkazi of the INLEO team promised he'll reveal more details as the DASH Integration approaches.
Do you Agree or Diagree on any of the points above? Do you have other
I'd love to see more discussion about this topic.
Related Threads
https://inleo.io/threads/view/louis88/re-khaleelkazi-uvzmxbum?referral=louis88
https://inleo.io/threads/view/ahmadmanga/re-khaleelkazi-rrvkkeqg?referral=ahmadmanga
https://inleo.io/threads/view/behiver/re-khaleelkazi-28qtanqux?referral=behiver
https://inleo.io/threads/view/behiver/re-khaleelkazi-2bco9wqir?referral=behiver
https://inleo.io/threads/view/ahmadmanga/re-khaleelkazi-2nmpos41u?referral=ahmadmanga
https://inleo.io/threads/view/behiver/re-khaleelkazi-tnf6y95x?referral=behiver
- 6% of this article's payout will be given to my INLEO Subscribers @khaleelkazi, @taskmaster4450le and @tsunsica.
Posted Using InLeo Alpha
Coolest part is the buzz that's created. There's going to be tons of marketing out of organic channels. I'd say we'll get $1M+ worth ad impressions for free by just INLEO X Dash.
Now imagine we had the same for few more crypto! It's gonna get so much easier to grow Hive 🐝 🚀
Good post. Another thing that Khal mentioned was that more InLeo users require InLeo to buy more Hive to stake in order to give users resource credits. So even if every user cashes out to Dash, more users still means more Hive buying.
Forgot about that!!!
Congratulations @ahmadmanga! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 17500 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Absolutely ridiculous. Allowing users of another chain to be paid out of the Hive reward pool straight into their own token? Seriously disgusting. Who's providing the Dash for leodex?
Not a drop compared to rewards being taken.
I think most people on HIVE are already throwing their rewards outside of the chain, so at worst, nothing will change. And I think new people = more activity = more potential for people to have stake in the platform.
Well, if I was proven wrong, I'll go back to this and admit I was wrong.
!RemindMe in 3 Months
Confirmed! You'll be notified on Wednesday, February 12, 2025 at 03:18 PM (UTC)
@reminder.ping is supported by subscribers to ahmadmanga on inleo.io! Subscribe for more features.
Good morning, thanks for the reply. Would it not be possible to Leo tokens instead? Use this exchange to change their payout into Leo?
Maya Protocol, a Decentralized Exchange.
Only Liquid Rewards get automatically converted to DASH!
I guess this explains a lot. It still help reduce the selloff pressure.