Many of us are aware that Twitter has been rebranded as X by Elon Musk and this is not the first time when we have seen such changes happening on this microblogging platform. Changes are good but I believe these changes should make some sense as we have seen in the past when they are putting some restrictions on non-verified accounts while they are also encouraging people to go for the verification. Now the verification is chargeable so whoever opts for it will have to pay the subscription amount to the company which is a revenue generation for the website.
Twitter aka X is a Web 2.0 platform that we cannot forget so such experiments are expected to happen since things are controlled by a single entity. It is also expected that Elon Musk will be supporting cryptocurrency through the rebranded version of Twitter. Maybe multiple things are in progress from his point of view and he will be revealing them in future so we should be ready for the surprises like we have gone through this rebranding in the form of X.
Multiple Frequent changes
As a company, it is important for them to adopt some changes which can be good for the company as well as for the users but they also need to understand that it should not be happening on a frequent basis. people are familiar with the way Twitter used to work and now since they are restricted as well as they will have to deal with the new logo which is not good in my opinion. That word was looking even better but we cannot do anything in this case since this is the new strategy by the honour so either we will use it or we can quit. there was another problem when they implemented the subscription for Bluetick verified users and all of a sudden millions of people lost their blue badge. even if we consider that all the changes are good so far but we cannot be sure that we will not see something like this again since Elon Musk is known for the surprises.
Revenue Sharing
Twitter has recently started revenue sharing with content creators which is a good initiative I believe but if you are on Leo threads then please do not forget that Leo has it already in place. leo finance has already implemented the revenue-sharing model for those holding leo tokes so if you hold more leo power then expect a bigger share.
twitter will be paying the revenue share to the content creators whereas with new finance it will be distributed with people holding their native tokens which I think is a good approach because this way we can see more people increasing their token holding. This will also empower the token economy in a positive way and probably we are going to see even better prices since the demand for tokens will increase. On any project where the token economy is involved then it is important to generate multiple use cases of the tokens that we already have in the Leofinance. Curation is the core function of Leo Power but apart from that we will be able to use it for multiple things and it should be revealed by the team soon.
Revenue sharing is a good model where the investors are rewarded for their loyalty and belief in the platform which is good. If more people hold the tokens for the long term then it reduces the selling pressure from the market and turns out to be a great value for the token. this will also increase the demand in the market while the selling pressure will be less since people would like to earn some passive incomes rather than selling off and looking for profit. this can also be considered as passive income because holders will be able to generate some rewards without even selling anything so the circulation supply for the token is also controlled with this methodology.
I already see some people getting good rewards on their leo wallet because their holding is good however I also believe that you need to have a significant amount of leo power to see some decent amount of drop coming your way. I hope someday I can have a decent holding of Leo Power and I'm working towards it so let's see when it becomes a reality that brings a better drop of revenue sharing in my leo wallet. what are your thoughts about it and are you getting the revenue share based on your leo holding?
Thank you