LeoFinance is a blockchain-based social media platform for crypto & finance content. Our tokenized blogging app allows users and creators to engage and share content on the blockchain while earning LEO token rewards.
Content creators on LeoFinance earn LEO token rewards for publishing blog posts about crypto and finance. Content is stored on the Hive blockchain - which means that it is both immutable and censorship-resistant. As users receive upvotes, they gain more rewards on a Proof of Stake basis.
LEO operates on a Proof of Stake model. Users can stake LEO into LEO POWER which gives them influence over the daily rewards pool. The upvote economy allows them to distribute a certain amount of upvotes each day to content creators. Creators and curators split rewards 50/50.
In order for LeoFinance to be possible, we need to efficiently distribute thousands of LEO per day to hundreds of different content creators. With 0 fees and 3 second tx times, the Hive blockchain provides the suite of tools necessary to run our project.
Wrapped LEO is a cross-chain token bridge that connects our native token (LEO) to our ERC20 equivalent token (wLEO). This bridge allows users to stake LEO on the Hive blockchain and earn rewards for content creation and curation. When users are ready to trade LEO or use it for ETH dApps, they can use the cross-chain bridge to seamlessly wrap LEO into wLEO to their ETH address.
LeoFinance's long-term model is focused on sustainability. Ads are displayed throughout the pages of our blogging interface. As the site attracts more readers, the ad revenue builds. 100% of ad revenue is used to buy and burn LEO.
Just like your twitter account there are no charges or fees. You literally just click on sign up, click on Twitter, enter the name you want for your account and you are good to go. You can be posting and commenting in less than a minute. Try it out today and post an introduction post. As you earn crypto you can stake it or trade it for Ethereum or cash it out. Use it to try other dapps as there are some really good Ethereum games in beta right now with a lot more coming.
https://twitter.com/FinanceLeo/status/1334504633323098113?s=20
- FinanceLeo
Learn How Here:
That FAQ covers all this:
That FAQ covers all this:
Hive Basics
Join us on Discord at https://discord.gg/E4jePHe
Or on Twitter #leofinance
Daily LEO Newsletter: https://leofinance.substack.com/
Twitter: https://twitter.com/financeleo
Medium: https://medium.com/@leofinance
YouTube: https://www.youtube.com/channel/UCXZAjUMby8yDXBRo4h-6wrQ
Discord Invite: https://discord.gg/E4jePHe
Telegram: https://t.me/leofinanceio
The answer lies in understanding a few terms and concepts.
#Content
The stuff you upload on Facebook, like pictures, poems, stories or anything else you upload is called #content.
#Content-creators
People who take pictures, write poems or stories, make music or movies, are called #content-creators.
#Publishing
When you upload stuff on Facebook, so that people can see it on your webpage it’s called #publishing.
#Publishers
Some people who take pictures, write poems sell them through a #publisher. The #publishers help the content producers make money. The #publishers get a percentage of the money. Unfortunately most forms of Social Media like Facebook, Instagram, Tik-Tok or YouTube keep the money your content generates via Advertising revenue or data selling, with YouTube being the exception, in that once you generate a certain large number of subscribers and views you get paid.
#Monetize
This means to turn something into money, but it’s not an actual transformation of something into money, it means use it to make money.
#Content Publisher or Content Publishing website
Leofinance is also called a #content #publishing #site.
#Leofinance compared to Facebook:
The big difference between Facebook and Leofinance is that people provide #content to Facebook for free. On Leofinance people can get paid for the same content they upload on Facebook for free. The application Leofinance is free just like Facebook. It is a webpage application, so you don’t have to download it to your phone or computer. You just go to the webpage, type in your user name and password and see your personal webpage just like Facebook.
#Wallet
But because you get paid on Leofinance you have a special page called a #wallet page where you see all the rewards you get for your content.
#Rewards, #likes, #upvotes, #liking and #upvoting.
There are many things on Leofinance, you won’t find on Facebook. One of the most important of these is called rewards. Also Leofinance has #likes but they are called #”upvotes”. Instead of leaving a #like, you leave an #upvote. So instead of #liking content you #upvote it. The important thing about this is you receive a #payment or #reward for #upvotes. The payme@nt or #rewards for #upvotes on Leofinance are in cryptocurrency token called #Leo. But you can use your #Metamask wallet to receive your rewards in #Ethereum.
#Author and #Curation rewards
On Leofinance #content creators who upload content receive #rewards called #author rewards. They are considered the author of content they create. This includes written and video content. The rewards are a cryptocurrency token like Bitcoin, but it’s a different cryptocurrency token called #Leo.
#Leo Token and #Hive #Blockchain
#Leo
You have probably heard of Bitcoin, it is a form of digital money called a #”cryptocurrency” token. Leo is a cryptocurrency token like Bitcoin.
#Blockchain
The book-keeping or accounting system which keeps track of Leofinance and Leo is called a “blockchain.” You probably have hearing about this #new-thing called the blockchain. It’s a new way to track money, supplies, events and store information. It is different from any other form of accounting isystem and it underlies Leofinance. But you don’t have to understand it to be a content creator, because on Leofinance we want you to focus on creating content, engaging your audience, reading content and engaging authors or content producers.
#Simplicity
Leofinance utilizes a cryptocurrency and the blockchain, but the system hides all those complicated aspects and allows you to concentrate on making content, interacting with your followers and building your network. No special computer coding knowledge is needed, and other then creating content and interacting with your followers through commenting and upvoting comments, your focus can be on your passion, be it content creation, social interactions and networking or publishing.
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@shortsegments/leofinance-guide-for-beginners
Please comment and give feedback. Thank you.
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