Leofinance is a finance and cryptocurrency social platform with a microblogging feature, a second-layer application built on the hive blockchain. Similarly to hive, leofinance is open to creators with an interest in all things money.
At Glance
● Leofinance is a layer 2 platform built on the hive blockchain as a finance and cryptocurrency niche blog.
● Leofinance is a social platform, users can interact via blog posts, threads(microblogs) and comments.
● Leofinance incentives users through LEO tokens, a cryptocurrency rewarded to creators and curators.
● Being built on the hive blockchain, contents published on leofinance are immutable and censorship-resistant.
● As an added benefit of the underlying technology, LEO transfers are feeless and take 3 seconds to process.
● LEO tokens are created via a layer 2 side chain solution called hive engine.
Leofinance is a layer 2 platform built for the purpose of giving finance and cryptocurrency content creators an immutable and censorship-resistant ecosystem to monetize their content. Also, leofinance aims to empower the border social ecosystem with a microblogging feature which isn't limited to finance or crypto. Typically threads on leofinance allow individuals to publish short-form content to the blockchain and be rewarded in cryptocurrency.
Leofinance works in a similar model of hive.blog, users of the platform are rewarded in cryptocurrencies for publishing and curating content.
Typically, users can earn Leo tokens based on how valuable their contents appear to curators. Curators upvote these contents at their own desired percentage, thereby issuing a select amount of Leo tokens to the creators.
Both individuals depend on each other to earn, without content creators, curators cannot earn and without curators, creators can't earn, this ensures that the system is by default eager to distribute value.
Leo Rewards: How It Works
Unlike hive rewards, Leo rewards are a bit more flexible in terms of issuance. Typically, rewards come from a pool whereas based on a curator's staked amount, a proportionate amount of Leo can be distributed via curation.
Post rewards, as well as curators rewards, are paid to the select accounts after 7 days, but unlike hive, all tokens are paid out in a liquid form. No tokens are staked automatically, thus, users have the right to either hold, stake, or trade their tokens.
LEO Token: Utilities Explained
Asides from staking Leo tokens to earn rewards from curation, Leo tokens have a number of utility structures built around them. With this, users can do more or earn more mostly without moving a muscle. Smart money as they call it, there are numerous automated ways to extract more value from one's Leo tokens.
Ads Revenue
On the leofinance website, a couple of advertisements are displayed, typically, just by holding Leo tokens, one gets to earn more tokens from the ad revenue.
This means that as a Leo stakeholder, a portion of the ad revenue is distributed to you in a proportionate amount to your shared percentage amongst all stakeholders.
This revenue share is distributed in Leo tokens, thus, giving investors more of their invested tokens whilst serving as a buyback program, therein aiding in asset value increase. Basically, ad revenues are used to buy Leo tokens and distribute them to stakeholders.
Cubfinance
Cubfinance is a leofinance-built Defi platform where diverse investment contracts are present for individuals to earn.
Thus, Leo holders can provide liquidity to cubfinance pools to earn cub tokens, the rewards currency of the platform.
Polycub
Polycub is a yield optimizer built by the Leofinance team. Similarly to cubfinance, polycub is a DeFi platform with diverse pools of investment contracts, ranging from single staking to liquidity pools.
Leo token holders can likewise provide liquidity to polycub to earn the native token of the platform: polycubs.
Leo Leasing
Another way to extract more value from one's Leo tokens is to lease them out to others in return for a specified interest amount.
Although not so utilized by many as most users stake and curate with their tokens, one can lend out his Leo tokens to other users and earn more Leo tokens without the need to curate daily with the tokens.
How To Earn Leo Tokens Easily Without investment?
The easiest way to earn Leo tokens is to write about finance or cryptocurrencies by simply posting threads on leofinance, the community is welcoming and lots of value gets distributed to its users daily.
Another way to earn Leo tokens is to delegate hive coins to a specified account on hive with the name @leo.voter. Typically, users earn a defined interest paid in Leo to the delegators.
First, you have to understand that since leofinance is built on the Hive blockchain, a Leo account is typically a Hive account that can be used on all other Hive applications. Knowing this, Visit https://leofinance.io/signup and choose between creating a Hive account directly(you'll need to use a mobile number to verify here) or using your Twitter or Google account to get an account.
The easiest way is using Twitter or Google as though all you have to do is pick a username then authorise that you own any of these web2 platforms accounts and you'll be back to Leofinance with your new account already set up.
If you create an account using Twitter or Google, please note that this means Leofinance will have a copy of your keys logged on their database so it is advised you change your keys after you download and store them for the first time. If you are unaware of what keys are and how they work, read this article.
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