We’re thrilled to announce that Dash has been fully integrated into social media platform InLeoio, letting users earn Dash for their social media posts. This represents a collaboration between the Dash, Hive, and Maya Protocol blockchain projects.
InLeo is a social media microblogging platform built on top of the Hive blockchain. All posts are written to Hive, where the user owns their own data. If InLeo were to go away, all user posts would still exist and be viewable on other Hive interfaces.
With this new partnership, users will be able to sign up and login to InLeo using a Dash wallet, earn from regular posts and from exclusive subscriptions, and automatically receive payouts in Dash, right to their wallet: no minimum qualification thresholds, no ID requirements, no bank account needed!
How to Sign Up and Use
To sign up, go InLeo.io/SignUp. Then choose the keystore option. Back up your wallet by writing down your recovery phrase, encrypt it with a password, and save the keystore file to your computer. You’ll need it to sign in. This keystore wallet will now also work for logging into a wide variety of Maya Protocol DeFi platforms. You can also use a phrase from an existing Dash wallet.
You can skip this step if you have already created a keystore wallet previously (such as for using another Maya interface). At the InLeo signup page, check "I already have a keystore" when creating an account.
You can now post short-form posts and images, long-form articles and blog posts, and even short videos. You get paid for posting, as well as for upvoting, or curating, other user’s posts! You can also buy a premium membership on the platform, which gives you special features and boosts the reach of your posts, and you can pay to subscribe to creators to access exclusive content.
It’s a full-featured social media content platform similar to X, except you control and own all your own content and data, and you don’t need to hit minimum thresholds, get approved, or submit government ID in order to start earning.
Where Does the Money Come From?
It’s a very intricate system, but here’s the basics of how InLeo users are paid.
Every post, article, and so on that you make is a transaction on the Hive blockchain. Out of Hive’s block reward, or new coins created by the network, part is reserved to pay to creators and curators. When someone upvotes your content, that increases your share of the creator’s pool. One week later, you get a payout, half of it to power up your account and give you more voting power, and half in HBD, or Hive Dollars, an algorithmic stablecoin pegged to the US dollar. You also get some Leo tokens, the native token of InLeo.
Read this article for a more in-depth explanation of Hive and its tokenomics:
https://inleo.io/@alex-rourke/hive-understanding-the-currency-and-reward-system-312
Automatically at certain intervals, the HBD and Leo that you earn gets swapped for Leo tokens on LeoDEX, which then gets swapped for Leo on Arbitrum. This then gets swapped straight for Dash on the Maya Protocol. All you see, though, is that you keep making content, and Dash automatically shows up in your wallet.
HBD that you earn from subscribers also gets swapped this way. When you buy Premium or subscribe to someone with Dash, it’s the opposite: Dash gets swapped through LeoDEX to pay InLeo or the creator you subscribe to.
What do I do with the Dash I earned?
Spend or save! Dash is digital cash, real decentralized and scarce money. In many parts of the world you can already use it to live partially, or entirely, without government-issued fiat currency. Here’s how:
First, download the DashPay wallet for Android (iOS coming soon-ish). Restore it with the recovery phrase you saved from your InLeo signup. You can use this wallet to spend privately, register a userame, friend other Dash users on the blockchain, stake and earn, and more. It’s constantly being updated with new features, including spending tools, so keep checking.
In the meantime, you can pay your bills in many countries directly in Dash. For the US, sign up to Spritz Finance. In Europe, use Swapin. Bitrefill works for El Salvador. The list is constantly growing!
For everyday purchases, look at what Bitrefill has to offer, from gift cards to phone refills to eSIMs and more. They have a wide global selection. And don’t forget to check the merchant map in the DashPay wallet, which will be updated as we get more businesses on board.
Thanks to InLeo and Dash, you can now earn digital cash for creating content on social media, closing the loop of living on freedom money while owning your own data. Happy posting!
Posted Using InLeo Alpha
The rewards earned on this comment will go directly to the people sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. Otherwise, rewards go to the author of the blog post.
I never expected to see two of my all time favorite projects to have a collaboration like this out of blue. Thank you @thedessertlinux and everyone involved for your contributions! Today is one of the happiest days of my cryptocurrency journey!
We'll keep building our communities. This is just the beginning.
Hive + Dash have other cool things in progress too.
So excited that DashPay is finally here on InLeo!! Can't wait to interact with all of the folks who will be coming over and try out Dash myself!
This is the beginning of awesome things!
Love the Lion!
Absolutely! Start with our simple guide on how to use it that's included in this post.
It's great when you can see Inleo content on other Hive interfaces, isn't it? I believe no platform should block content published on the others.
Yes, absolutely!
But you actually have to reach a threshold to start earning.
At least author rewards.
The threshold of $0.02 on every post/comment to receive a payout on them.
Interesting, did not know that. However, that's not a threshold of eligibility. Everyone's eligible.
Yes.
As long as the pending payout is at least $0.02 on their posts/comments.
Because there is no author reward payout below this amount.
So people can have 20 posts/comments having a pending payout of $0.01 on every post/comment.
The payout in this case will still be $0 (nothing), and not $0.20.
How to go about this with already existing accounts? 🤔
Existing accounts would probably have to manually swap via LeoDEX.
This integration is a big achievement. Another stepping stone for inleo. Appreciating Dash for seeing potentials on the inleo project, let's keep pushing
Yes! The first of many great partnerships.
This could be huge. I hope the Dash community will embrace Hive. Both sides should win.
For sure, we're working on that. The more Dash users we get on INLEO, the better.
We're talking through other Hive partnerships as well...
I want to if this is only for new users?
I am an existing user and how can I activate the Dash reward on my posts?
That's being worked on, but right now it's only for new users. From our understanding the order of development is:
1: Sign in and auto cash-out: done
2: Buy premium and subscriptions: in progress
3: Associate existing Hive usernames to Dash wallets: next
I get it, Thanks for reply
Great news for both projects!
Agreed! And for Hive and Maya!
You left the part out about down votes and how they take away what was donated to you via upvotes. And that being DV can be used to counter abuse abuse but is often misused to flag rewards away for non other than being a different thinker than the other. And that shadow banning does exist.
https://peakd.com/hive/@khrom/the-downvote-economy-how-to-steal-the-value-of-someone-s-work-and-get-rich-off-their-efforts
https://peakd.com/hive/@khrom/why-downvotes-contradict-decentralization-a-mathematical-perspective
The linked article has a lot more on the tokenomic system.
Lol. Nice choice of wording.
Congratulations @dashpay! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 900 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
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Great to see! Never expected to see Dash circle back around here, but here we are. !BBH !DIY !DOOK
You can query your personal balance by
!DIYSTATS@dashpay! @pepetoken likes your content! so I just sent 1 BBH to your account on behalf of @pepetoken. (5/100)
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Love to see this. Hopefully we have a few authors from the dash community who can showcase the chain and educate us about upcoming developments.
Then we have threads for more fun content.
!BBH !DOOK
@dashpay! @bradleyarrow likes your content! so I just sent 1 BBH to your account on behalf of @bradleyarrow. (14/100)
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Hello dashpay!
It's nice to let you know that your article won 🥉 place.
Your post is among the best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by deepresearch
You and your curator receive 0.0226 Lu (Lucoin) investment token and a 4.35% share of the reward from Daily Report 495. Additionally, you can also receive a unique LUBROWN token for taking 3rd place. All you need to do is reblog this report of the day with your winnings.
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STOPor to resume write a wordSTART