INTRODUCTION
This is a review of the Leofinance ecosystem. In this post, I will be highlighting some of the important features of the Leofinance ecosystem like its defi and social media protocols. In Addition, this post covers Leofinance core mission and tokenomics. At the end of this post, the reader should have a better understanding of the leofinance ecosystem.
WHAT IS LEOFINANCE?
Leofinance is a community of people centred around technology, finance, politics and cryptocurrency. It is the brainchild of 
VISION AND MISSION
Leofinance is democratizing financial knowledge and access to opportunities by building on web3
In other words, they are using their platform to educate people through peer-to-peer sharing of knowledge and investment opportunities. This way community members not only learn but also enrich their lives, and they can start on this journey with little to no financial commitment.
LEOFINANCE COMMUNITY
The leofinance community is an integral part of the leofinance ecosystem. It is the foundation upon which every other thing in the ecosystem is built. It comprises active creators and content consumers; there are also investors in the native tokens of leofinance which is another vehicle in which value is created and distributed in the ecosystem.
Community Ranking
Based on community members' contributions–stake, they are ranked by a hierarchical system. Every rank benefits such as special curation considerations; APR from staking leo; unique NFTs; and airdrops. The Leo Pride ranking is as follows:
- Newborn Cub - 2k Leo Power
- Cub - 5k Leo Power
- Lion- 15k Leo Power
- Leader of the Pack - 50k Leo Power
- Apex Lion - 150k Leo Power
LEOFINANCE COMMUNITY INITIATIVES
LeoAlpha
This is an initiative to find, reward and archive quality content on leofinance. Posts selected provide deep insight into certain topics or crypto projects, and would bring traffic to the leofinance platform.
LeoPedia/Leoglossary
This is a resource center for knowledge around the following areas: investing, finance and cryptocurrency. It provides explanations for terms that would help people understand these concepts better.
It also provides creators with tools to simplify and demystify certain words and concepts that are difficult to explain in a body of work. Readers can be pointed towards Leoglossary to learn a word or concept that they do not understand.
LeoGrowth
This is another community initiative geared towards growing the leofinance ecosystem. It does so using different initiatives such as the leofinance adoption campaign to create more awareness for leofinance and increase community participation.
THE LEOFINANCE ECOSYSTEM
Leofinance is a multifaceted ecosystem using the power of interpolation to connect across three platforms namely: Hive, Polygon, Ethereum, and Binance Smart Chain. This allows community members (and non-community members) to move their assets across multiple chains with ease.
LeoFI
This is a DeFi project by leofinance for the Leo token. It offers p2p leasing of leo power and plans to commence a p2p lending program in the near future. So users can participate in DeFI without having to branch out to other blockchains.
LeoDex
Leodex is a decentralized exchange built on the hive blockchain to trade hive-engine tokens. It is an alternative to Hive-Engine. Users can swap tokens, provide liquidity and participate in trading activities on the DEx.
Cubfinance
Cubfinance is a defi protocol built by leofinance on the Binance smart chain. It offers a range of defi options from staking options for BSC yield optimization which entails stalking or providing liquidity to earn a reward. CUB is the native token of this platform and it is used to reward users who provide liquidity. It also serves as the governance token upon which proposal and protocol upgrades are vetted.
There are several yield farming pools on Cubfinance that offer decent rewards. Users can also stake their leo on Cubfinance by bridging their tokens via LeoBridge. Cubfinance also launched Kingdoms which is a yield farming strategy created to maximize returns for yield farmers.
PolyCub
PolyCub is another defi protocol built by leofinance on the Polygon blockchain. It offers a similar range of products and services as Cubfinance. Polycub also has a treasury which generates revenue.
LeoBridge
LeoBridge allows for the permissionless swapping of the leofinance token across various chains This is achieved through the use of decentralized smart contracts to bridge Leo across the various blockchain where it exists, namely: Ethereum, Binance Smart Chain and Polygon.
SOCIAL MEDIA
LeoFinance Social-Media Platform
The leofinance web app is the major interface for its social media platform. It comprises two layers: the threads and long-form content. Leofthread which is a new feature on the web app is for microblogging. This is a more open app for individuals to share their thoughts and connect with other users.
The long-form platform on the other hand is more specific. It is tailored for financial, political, technological and crypto content. Here creators are required to make more detailed and relevant content.
Every creator or commenter has the chance to earn from their social interaction on the social app. This includes the Leo token and hive–the layer one token upon which the platform is built.
Leofinance Mobile App
The mobile app is an extension of the web app. It provides users with hands-on experience, with easy-to-use features. Currently, the Leofiance app is currently undergoing a major upgrade and would be ready for use in the near future.
HiveStats
HiveStats is a data analytics platform that provides statistical insight into Hive and Leofinance activities. Users can track their content performance in terms of upvotes, pending rewards and engagement( and that of other users). This enables users to gauge their progress on the blockchain.
It can also be used to get important data about the hive blockchain and other leofinance products (polycub, cub, wleo, etc)
LEOFINANCE TOKENOMICS
Leofinance has its native token Leo–which is a layer 2 (hive-engine) token. Transactions on the hive blockchain are fast and feeless which allows for huge transaction volumes and makes it easy for usable dapps to be built and used on it without the hassle of stupendous transaction fees.
The Leo token can be bought from the open market. It can also be earned through creating content, commenting, curating, and staking. For instance, creators or commenters who earn Leo from their social activities can stake their Leo which becomes Leopower. This can be used to curate other good content and curator rewards are allocated to individuals who perform these activities. Also, holders of Leopower earn a 12% APR and allocation from leofinance ad revenue.
Leopower can also be delegated/leased to other users. This opens another income stream for users and helps improve the distribution of the Leo token. Leopower holders are also inflation distributors. A good distribution means better decentralization.
The Leo token is both deflationary and inflationary. It is deflationary in the sense that there are period buybacks and burns to reduce the amount of Leo in circulation. It is inflationary because its reward pool and allocation to set holders
HOW TO CREATE A LEOFIANCE ACCOUNT.
There are various ways to create a leofinance account. I have a youtube video covering how you can create a leofinance. However, the best option would be to create a hive account through its many free or paid options. This gives you access to the entire hive ecosystem and a chance to earn both Leo and Hive tokens.
Another added advantage of the hive account is that it is immutable. All your transactions are saved on the blockchain. If for any reason a frontend decides to mute your account, you can move to another or simply get your data from the chain directly.
There are also Web 2 methods of signing up for an account. Currently, you can create a leofinance account with your Google or Twitter account. However, this does not give the said account full access to all the leofinance features. A hive account is required for full access and benefits.
CONCLUSION
The Leoverse is robust and offers an array of tools and features to give the end user a decent Web 3 experience. It combines the unique features of DeFi and SocialFi to maximise users’ utility, keeping them in the ecosystem. This is the hallmark of a good ecosystem.
There is a huge potential for growth in the ecosystem. Leofinance has a number of good products and service, some of which needs to be revamped to meet the current realities and standard of the crypto industry.
However, there is no doubt that the leofinance community and development team are working tirelessly to bring Web 3 solutions to the masses.
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Leofinance social media handles and whitepaper:
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Leofinance Hive Applications:
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Leofinance Defi:
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io