Are you ready to dive into the world of LeoFinance and start earning LEO tokens? Look no further! In this comprehensive guide, we’ll explore the ins and outs of LeoFinance’s reward system and show you how you can start earning LEO tokens for your engagement on the platform.
Today I'm going to share with you a comprehensive guide to LeoFinance's reward system. If you're wondering what LeoFinance is and how you can earn LEO tokens by creating and engaging with content, then you're in the right place. Let's dive in!
So What’s LeoFinance?
LeoFinance - from the horse’s mouth - https://leofinance.io/@leofinance/introducing-leofinance, is a decentralized social media platform built on the Hive blockchain. It is focused on topics related to finance, investing, crypto, and economics. Anyone can join LeoFinance for free and start posting, commenting, and voting on content. By doing so, you can earn LEO tokens, which are the native currency of the platform.
LEO tokens are utility tokens that have multiple use cases and benefits. You can use them to:
- Power up your account and increase your influence on the platform
- Trade them on various exchanges for other cryptocurrencies or fiat money
- Stake them and earn passive income from curation rewards and inflation
- Burn them and reduce the total supply of LEO tokens
- Participate in governance and have a say in the future development of LeoFinance
How to earn LEO tokens?
There are two main ways to earn LEO tokens on LeoFinance: by creating content and by engaging with content.
Creating content
If you have something valuable to share with the LeoFinance community, you can create a post using the LeoFinance interface or any other Hive frontend that supports LEO tags.
When you create a post, you can choose how to split the rewards between yourself and the curators (the people who vote on your post). The default split is 50/50, but you can also choose 100% power up (all rewards go to you as LEO power) or decline payout (no rewards at all).
So as I visited https://www.coingecko.com/en/coins/leo-token, I found out that after you publish your post, it will be visible on the LeoFinance platform for seven days. During this period, other users can vote on your post and give you LEO tokens as rewards. The amount of LEO tokens you receive depends on several factors, such as:
The amount of LEO power that the voters have
The time of voting (earlier votes have more weight)
The number of votes (more votes increase the visibility of your post)
The quality of your content (more original, informative, and engaging content attracts more votes)
Engaging with content
If you don't feel like creating content, you can still earn LEO tokens by engaging with other people's content. You can do this by:Voting on posts and comments that you like or find valuable
Commenting on posts and adding your own insights or opinions
Reblogging posts that you want to share with your followers
By voting on posts and comments, you can earn curation rewards. The default percentage is 50%, but it can vary depending on the time of voting. The earlier you vote, the higher the percentage you get. However, if you vote too early (within the first five minutes), you will get a reduced percentage or no rewards at all.
By commenting on posts, you can also receive rewards from the author or other voters. The same rules apply as for creating posts: you can choose how to split the rewards, and you will receive LEO tokens based on the votes you get.
So if you my friend, wants to join LeoFinance and start earning LEO tokens today, all you need is a Hive account. You can sign up for free using this link: https://leofinance.io/@leofinance/create-account
I hope you enjoyed this guide and found it useful. If you have any questions or feedback, feel free to leave a comment below. I would love to hear from you!
References:
[1] https://leofinance.io/@leofinance/introducing-leofinance
[2] https://leopedia.io/faq/
[3] https://www.coingecko.com/en/coins/leo-token
#leotoken #leo
#leofinance @leofinance
#hodlcommunity @hodlcommunity
#cubFinance #leoinfra
#leodex @taskmaster4450le
@khaleelkazi
Clear guide for those that don't know about our great community. Keep the good work my friend. May the power of Leo be with you
Yeah, Thanks so much buddy.
@josedam this is the last warning, stop sharing multiple posts for leo voter upvote farm otherwise you will recieve downvotes from azircon.
Ohh,This is noted
Thanks.