Learn-to-Earn has become a thing in the cryptoverse. Learn-to-earn has become another phase of earning option alongside write-to-earn, play-to-earn, move-to-earn, walk-to-earn, stake-to-earn and more as cryptocurrency and blockchain technology has redefined and disrupted work. Amazingly, Hive blockchain is truly decentralized and has almost all of the above listed crypto earning options.
Within the Hive blockchain, the power of development and utility creation lies in communities and several communities have proven that time and again in creating unique utilities for the Hive crypto and its layer 2 tokens. One of such communities at the fore of such creations is @LeoFinance. From SocialFi to DeFi to microblogging, NFTs and gaming in the Build.
Already, many utility tools created by LeoFinance such as LeoDex and Hivestats has served a great deal to Hive users. However, LeoPedia has been underutilized in my rating and opinion. Last month, I penned my thoughts on how LEOPEDIA can be maximized as a learn-to-earn platform using the LEO token.
A while ago, I read a medium blog that showed “12 Ways to Get Completely Free Crypto". Two of the options captured in the post were read-to-earn platforms - 21 Days of Bitcoin and EarnCarrot, where users can read about Bitcoin to earn Satoshis. EarnCarrot pays readers 5 Sats for each post read while 21 days of Bitcoin pays put 2,100 Sats after 21 days of reading.
Immediately I went through the two platforms, I imagined that LEOPEDIA could be a read-to-earn platform that pays LeoFinance users 0.01 LEO (LEOsats) or more per article read, consumed and engaged, then, we would have a lot of visits to the leopedia interface. The tokens could be staked the Hive accoutns directly rather than as liquid tokens.
Read-to-earn would Increase LeoAds Revenue Contribution from LEOPEDIA
A mechanics that rewards leopedia users would generate a lot of traffic to leopedia and that means more ads revenue would be generated from leopedia interface and that means more rewards for LEO stakeholders and that would encourage more LEO to be staked.
With 900 monthly active users, the LeoAds APY can sit between 4% and 10%. Imagine if we doubled the amount of monthly active users. Can you imagine getting passive 10-20% on you LEO from ad revenue alone? Stack that with 14% APY from curation and you're talking about 34+% APY. Now that is powerful. source
So far, Leoads APY is less than 10% woth about 900 MAU on Leoverse, however, with more eyes on LEOPEDIA, we may exceed 2k views per month and that means more leoads revenue contribution from leopedia and we may see leoads APY rise seamlessly to over 20%.
LeoFinance is becoming a LeoVerse in the sooniverse. We presently have write-to-earn (SocialFi) and stake-to-earn (DeFi). We have NFT and GameFi in the radar. Read-to-earn would add to the earning options and further expand the ecosystem, by bringing more users.
While I'm aware that there's a lot on LeoHQ such as CUB V2 and LeoThreads, however, we keep pushing in our suggestions to help grow the LeoVerse and truly Read-to-earn would be a great fit for LEOPEDIA.
What are your thoughts on Read-to-earn and LeoFinance?
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
LeoFinance's mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io