Summary: INLEO AMA – January 14, 2025

Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-2gva2ssxl

Link to recording:

Speakers

@khaleelkazi @scaredycatguide

---

DISCLAIMER: The following has been generated by AI 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

---

Crypto Market Update and InLeo Developments

In this episode, the hosts provided an overview of the current state of the crypto market and discussed the latest developments at InLeo, the leading dApp on the Hive blockchain.

Bitcoin and Altcoin Performance

The hosts noted that Bitcoin had recently touched $88,000 before bouncing back up to around $96,000. However, altcoins have generally lagged behind Bitcoin's price movements, with many struggling to recover. The hosts expressed hope that an "altcoin season" is on the horizon, but acknowledged the cyclical nature of the market where Bitcoin tends to outperform altcoins during bull runs.

Rune and Hive Price Action

The hosts discussed the recent price action of Rune, which has dropped from around $8 to $3.20. They noted that there are rumors of a large whale dumping Rune, but emphasized that the long-term fundamentals of the project remain strong. The hosts also mentioned Hive, which is currently trading at around $0.50, and highlighted the attractive funding rate trade opportunities available on the Hive perpetuals market.

InLeo's Cross-Chain Payment Integration

A major focus of the discussion was InLeo's latest integration that allows users to pay for InLeo premium using a variety of cryptocurrencies, including Bitcoin, Ethereum, Chainlink, Dash, and more. The hosts explained that this integration is a significant step forward in terms of interoperability and bringing external capital into the Hive ecosystem.

They detailed the technical process behind these cross-chain payments, where the user's chosen cryptocurrency is swapped for HBD (the Hive-based stablecoin) on the backend, providing a seamless experience for the end-user. The hosts emphasized that InLeo is now the only project on Hive that accepts external cryptocurrencies and settles them in HBD, effectively "exporting" Hive-based products and services to other blockchain communities.

Upcoming InLeo Integrations

The hosts discussed upcoming InLeo integrations, including partnerships with projects like ChainFlip and Splinterlands. The Splinterlands integration, dubbed "Join InLeo, Earn SPS," will allow Splinterlands users to buy InLeo premium using SPS (the Splinterlands token) and earn rewards in SPS for their activity on the InLeo platform.

The hosts highlighted the potential for these integrations to drive significant new user growth and activity on the Hive blockchain, as they expect to onboard many existing Splinterlands users who may not have been active on Hive previously.

InLeo's DHF Proposal and Community Support

The hosts discussed the importance of InLeo's current Decentralized Funding (DHF) proposal, which is currently at 37% of the required funding. They emphasized the need for greater community support, particularly from larger Hive stakeholders, to ensure the proposal's success and provide InLeo with the necessary resources to continue innovating and expanding the Hive ecosystem.

The hosts noted that while InLeo tends to have strong support from smaller and medium-sized Hive accounts, it has struggled to secure the backing of a few key whale accounts. They expressed a desire to engage with these larger stakeholders to discuss the value InLeo brings to Hive and hopefully secure their votes.

Overall, the episode provided a comprehensive update on the current state of the crypto market, with a deep dive into the latest developments and future plans for InLeo, a critical project within the Hive ecosystem.

Posted Using INLEO