I don't know if the project will ever recover, but right now it's many tokens appear to be in a race to zero or another near zero number.
I don't know exactly what can save that project, but I will propose a solution which could serve as the basis for the next innovation on Leofinance, band I hope that some where out there certain people are listening and they will try to make the community whole, because the community has take a mortal wound.
I have launched two projects holding commmunity money during good tiems and closed them during bad times. Things were not always under my control, but I managed to give people profits and their money back. So I feel okay suggesting the format for the next project on Leo. So whoever decideds to launch the next project to stabilize the price of elo and hopes to increase it, will follow these important rules.
If you are holding peoples money, they need to know you still live.
And they need to know you still intend to keep your promises.
Do everything on chain, and everything in your wallet, so there are no secrets amd there are no surprises. We need to trust, but we must also be able to verify.
It perhaps isn't as famous and well known as it should be, otherwise we would have a lot less problems.
Keep your project simple,
keep the way you earn monry simple,
keep the redemption of invested HIve or Leo simple,
and keep the uninvestment or withdrawal of investment simple.
Say only what you can reliabily do, and then do what you said.
Don't rely on complex situations, they become like smoke and mirrors.
Pick something simple enoough for everyone to understand and transparent enough that everyone can verify.
Don't rely on projected income, or possible income, rely on reliable income.
Interest on deposits, earning from curation, things that require effort, but are virtually guaranteed and everyone can verify.
Follow 1-3 above and resist the urge to do anything fancy.
Hive is wonderfully and beautifully made for trustlessness, utilize the smart contracts to protect peoples investments inside their cryptographically protectected wallets, with HBD, HIvePower, savings accountinterest and curation rewards from spreading the joy of upvotes.
Stay away from ROcket Science, and do all math by adding, subtracting, multiplying and dividing.
Anything else is to fancy.
Use plain English to explain your project.
Don't t invent new financial terms, most of us are still learning the old financial terms used for 100 years.
Those terms were good enough for our fathers, so they are good enough for us.
Where's the capitol?
How is it invested?
where are the earnings?
how are they distributed?
That's all we really need to know and want to know.
Be Transparent
Be honest
Keep is simple
Say only what you can do, and do what you say you'll do and we will all get along fine.
And if the feces hits the fan...
...man up and tell us what happen and how your going to make us whole again.
You don't have to be right all the time
You don't have to be perfect all the time
You just have to honest, transparent and reliable
... to do what you said you would do, and make looking out for the people who trausted you with their money, your number one priority.
