[New LEO Sink] LABS By Steemleo | Leo Accelerator for Businesses on Steem

in steemleo •  2 years ago  (Edited)


I've been sitting on this announcement for about 2 weeks now as we've been working out some of the finer details. This project is really exciting and reins in a new era of burning LEO tokens.

At the present moment, we've got about 8 sinks that are continually operating to burn LEO tokens from the circulating supply. As @aggroed famously said before the Tribal Rush of 2019, the sinks that you implement will drive 90% or more of the value of your token.

Naturally, we're always looking for ways to 🔥🔥🔥 as many LEO tokens as possible. We've even got a handy dandy counter on the toolbar of the https://steemleo.com homepage that shows how many tokens are circulating, staked and burned.

LABS: A Major Token Sink and Value-Add for Steemleo and Steem

LABS stands for Leo Accelerator for Businesses on Steem. At its core, LABS is an incubator for aspiring businesses, tokens and tribes on Steem.

Steem-Engine provides so many amazing tools for getting a business up and running on the Steem blockchain. Compared to building on other blockchains, Steem is now the easiest, cheapest and most robust solution to building a blockchain-based business.

So where does LABS come into play?

After the launch of Steemleo, so many token creators and tribe founders hit me up on Discord and were asking for advice about launching their tribe. There are a lot of nuances that go into successfully creating a tribe that most people never even think about.

On top of all that, you have marketing the launch, investing in ENG for all the various SE services, calculating inflation, settings etc.

After having so many people ask for advice/investments in their tribes & token launches, I figured that it would be a good idea to create a service through Steemleo which would allow aspiring founders to leverage our knowledge and experience.

Steem-Engine provides everyone with the tools and the ability to launch a business. With LABS, we're aiming to provide an advisory & potential investment role for new projects on Steem/SE.

To benefit the Steemleo community, LABS "customers" will be asked to acquire LEO off the market and burn it depending on which LABS services they use.

The best way to explain LABS is to show it in action, let's check in with #lifestyle to see how the first LABS launch went.

The #Lifestyle Community, The First Project to Launch With the Help of LABS

Highlights of What LABS Provided the #lifestyle Team:

  1. Inflation settings
  2. Token sale distributions
  3. ENG Investment
  4. Introduction post organization
  5. Graphics
  6. Token distribution systems (Proof of Delegation, Proof of Mining, Proof of Brain)
  7. Airdrops (initial and ongoing)
  8. General advice

Lifestyle (@one.life) had an extremely successful launch. I know the founders were extremely happy with the launch and the continued user base of their platform.

When they originally reached out to me on Discord, I was in the beginning stages of the idea for LABS by Steemleo. I had a rough idea of what we might do and then Lifestyle sealed the deal and brought all the pieces together.

Lifestyle isn't the only tribe I've helped and many token creators have slid in my DMs and asked for general advice. Many also have asked for an investment in their project in exchange for some sort of equity distribution.

@one.life Burned 10,000 LEO

In exchange for all the various services provided to #lifestyle from the LABS project, they agreed to buy 10,000 LEO tokens off the market at .10 STEEM/LEO (1,000 STEEM worth of LEO) and burn them. This is the first of several burns by @one.life as we'll continue to advise them, run PoD, run airdrops, etc.


Positioning Steemleo for the Long-Term

Clearly, there is a lot of opportunity on Steem-Engine and there are boundless ways that you can leverage Smart Contracts on SE now and in the future. NFTs are around the corner and so are a bunch of other Smart Contract systems that could radically change the way Steem & associated tokens operate.

I believe that we're just at the beginning of all these opportunities. Just look at what happened to Ethereum because of the ERC20 protocol. Similarly, SE can (and already is) bring in new users and new businesses to the Steem platform by creating the necessary tools which enable people to build a next-generation business.

With that said, positioning Steemleo to be as successful as possible means being at the bleeding edge of what's transpiring on Steem & Steem-Engine. The LABS project is one of the many ways we intend on doing that.

In closing, LABS is merely a way to accelerate projects & aspiring business owners by providing additional tools, help and resources to create tokens and launch them successfully. In exchange, LABS is asking these projects to acquire LEO off the SE exchange and burn them.

We don't have a set "cost sheet" in terms of how much LEO has to be burned to use LABS. It's highly subjective and we'll be talking with founders on a case-by-case basis to figure out exactly what they need.

If you've got a project idea but need a little acceleration, feel free to reach out to me on Discord.

steemleo black token divider.png

all of our LEO author/curation rewards on this post are permanently burned from the token supply

#steemleo - A Next-Generation Community for Investors


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This is awesome and I hope we see more creative sinks like this one.

Keep leading the way!

Posted using Partiko Android

Pretty cool right!? We're excited about this and a lot of tribes have already signed up for some of our services. Excited to see how much LEO gets burned as a result

This just makes me want to buy a bunch of LEO right now. Clearly, Steem Leo is going to be one of the top tribes in the long run. Someday, people are going to want to pay 2 or 3 STEEM per LEO. Especially amazing since STEEM will be $10 USD someday. (Mark my words, blockchain.)

(Mark my words, blockchain.)

Consider them marked ;)

!remindme someday

We can all dream, right? The future is an empty page, just waiting to be written.

I like to imagine the 1 B Max supplyof LEO like a potential $1 Billion US Dollars

We can do it... steem has to get a lot higherbut it can happen.

Agree with your enthusiasm and assessment.
Steemleo was very impressive from the start.

Sweeeeet! Happy to hear it! Haha, as @josephsavage said: Consider them marked and forever immutable here on the blockchain!

yeah me too i want to get 1K leo now, its only 1 B max supply and around 4m circulating , i like leo, its pretty nice, its gotta great rich bitcoin holding boss who seems to love this

im going to copy as much as i can from LEO for SAND San Diego Token, a very niche project for my local city I will hope to start in schools and with whoever is in san diego on steem.. ill be subsidizing steemians who live in San Diego paying for them to have a boost ... Ill be buying more Steempower so when we are back to $1- $2 My account with even just 3K SP can afford to give out some nice upvotes.

I have 950+ INV for steem accounts to give out to people. And 1300+ TASK and I hope to have a local media campaign and youtube videos.

I was THINKINg of scot tube but the dtueb content doesnt iompress me enough, ill just use regulkar dtube for my SAND token users and if DTUBE powered scot tube gets better maybe.. like scotbb its also unimpressive and ill just buy a regular tokenbb forumf or 10 steem instead of 1000 hehehe i will also just get delegation for now, instead of delegationa nd scotbb and the scot tube... i may get a proof of stake pool ho...

When the CTP Tribe grows up...We wanna be just like LEO :)

Awesome stuff man....Absolutely brilliant.

And thanks again for all your help and hearing me whine for a few weeks LOL

hahaha :)

I love your tribe and love helping out in any way I can! You can always hit me up, it's never a bother!! 🦁

Great work... I love the creativity you bring to this

Enjoy some !SHADE 5

To learn more about SHADE visit the SHADE forum or come join the fun at PImp Your Post Thursday in The Ramble discord

Thank you! Always appreciate your kind words 🦁

Leveraging the intellect of the community, great idea.

Thanks Rolland! The community is our most powerful asset 🦁

This is a very good idea. You are definitely operating at a level above many others here.

Hi steem.leo the SHADE tokens are on the way.
Thanks for sharing SHADE
To view or Trade SHADE visit steem-engine.com


Sorry, @shanghaipreneur, You can not reward TRDO Tokens, You must have atleast 1000 TRDO tokens to distribute.

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

This post has been included in the latest edition of The Steem News - a compilation of the key news stories on the Steem blockchain.

have nice day

You too 🦁

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