Are you looking for a way to earn passive income from your crypto investments? Do you want to support a decentralized platform that rewards content creators and curators? If you answered yes to any of these questions, then you need to stake your LEO tokens!
LeoFinance is a blockchain-based social media platform that specializes in financial and cryptocurrency subjects. LEO is its native coin. LeoFinance is based on Hive, a quick and cost-free blockchain that enables anybody to produce and get money from their content. You can gain from LeoFinance's expansion and success in a number of ways by staking LEO.
In this blog post, I will share with you six reasons why you need to stake your LEO tokens right now. Whether you are a blogger, a reader, or an investor, staking LEO will give you more value and influence on the platform. Let's dive in!
1. Increase your curation rewards
Your ability to earn more through curating is one of the key advantages of staking LEO. The benefits you receive for upvoting superior material on LeoFinance are known as curation awards. You receive more curation awards the more LEO you invest.
A number of variables, including the amount of LEO risked by the voter, the voting weight, the voting period, and the post's overall payout, are used to determine curation compensation. Staking LEO increases your voting influence and curation rewards pool share.
LEO tokens, which you can either invest or withdraw, are used as payment for curation incentives. Your earnings will grow over time and your voting influence will improve if you stake your curation rewards. By doing so, you can support LeoFinance's excellent content while generating passive income with your LEO tokens.
2. Boost your author rewards
The fact that LEO staking increases your author rewards is an additional advantage. Author rewards are the incentives you receive for contributing to LeoFinance's content. Earning more author rewards depends on how much LEO you stake.
The amount of LEO staked by the author, the amount of LEO staked by the voters, the voting weight, and the overall payout of the post are some of the variables used to determine author compensation. Your author rating and the amount of the author rewards pool that you receive rise when you stake LEO.
50% LEO tokens and 50% HIVE tokens, which you can stake or withdraw, are used to pay out author rewards. Your earnings will grow over time and your author status will rise even higher if you stake your author rewards. By doing so, you can use your LEO tokens to generate passive revenue while producing worthwhile content for LeoFinance.
3. Gain more influence and visibility
Staking LEO also increases your visibility and influence on LeoFinance, which is the third advantage. Influence and visibility are crucial components for developing your platform reputation and audience.
Influence is gauged by author rank and voting power. The more LEO you stake, the more control you have over LeoFinance's governance and compensation system. You can employ your influence to back initiatives and projects that are consistent with your vision and values.
Your exposure and engagement are indicators of visibility. Your articles and comments become more visible the more LEO you stake. You can use your exposure to draw in additional readers and followers who are curious about your specialty and area of expertise.
You can become a leader and an authority in your profession by staking LEO, which will boost your influence and visibility on LeoFinance.
4. Access exclusive features and benefits
Staking LEO provides access to special features and advantages that are exclusively available to LEO stakeholders, which is the fourth advantage. These advantages and traits consist of:
- LeoPedia: A knowledge base that provides educational content on various topics related to finance and crypto.
- LeoBridge: A cross-chain swap service that allows you to exchange any ERC20 token for any BEP20 token or vice versa.
- LeoFi: A suite of decentralized finance (DeFi) products that offer lending, borrowing, staking, farming, and governance opportunities.
- ProjectBlank: A micro-blogging platform that integrates with LeoFinance and Hive and enables fast and seamless content creation and consumption.
- Wrapped LEO (WLEO): A tokenized version of LEO that runs on Ethereum and Binance Smart Chain and allows you to access a wider range of DeFi applications.
You can take use of these exclusive features and advantages that improve your LeoFinance user experience and earning potential by staking LEO.
5. Support the development and growth of LeoFinance
The expansion and expansion of LeoFinance are supported, which is the sixth advantage of staking LEO. LeoFinance is a user-driven platform that depends on input from its users to enhance its features and performance.
By staking LEO, you demonstrate your belief in and dedication to the LeoFinance platform and community. You also improve its stability and security by lowering the number of LEO tokens in circulation.
You can also take part in LeoFinance's governance by staking LEO through the DAO (Decentralized Autonomous Organization). The DAO is a smart contract that enables LeoFinance stakeholders to make proposals and cast votes on a variety of LeoFinance issues, including development priorities, advertising campaigns, budget distribution, etc.
By staking LEO, you can have a say in the direction and future of LeoFinance and help it grow into a leading platform for finance and crypto content.
6. Benefit from token appreciation
You can gain from token appreciation as a sixth advantage of staking LEO. A token's value will rise over time as a result of a variety of variables, including supply and demand, market sentiment, innovation, etc.
With a fixed quantity of 9 million tokens, LEO is a deflationary coin that is rare. As a result of numerous mechanisms like token burning, buybacks, sinks, etc., the supply of LEO gradually diminishes over time.
Due to many variables including user growth, platform development, network effects, etc., the need for LEO rises over time.
The price of LEO tokens is under upward pressure as a result of the declining supply and rising demand. You can lock in the value of LEO tokens at a lower price point and gain from their rise over time by staking them.
Guys, I think I've said enough. I'll leave you with this. As you can see, there are numerous justifications for you to stake your LEO tokens at this time. Staking LEO will improve your author incentives and passive income from curation, as well as increase your visibility and impact on LeoFinance. Additionally, you will gain access to exclusive tools and advantages that will improve your LeoFinance user experience and income potential.
Moreover, you will support the development and growth of LeoFinance and benefit from token appreciation in the long run. Staking LEO is a win-win situation for you and the platform.
So guys, what are you waiting for? Start staking your LEO tokens today and enjoy the rewards!
Thanks for reading through.
Posted Using LeoFinance Alpha
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Thank you!
I dont have yet but i will try get some leo
Good to hear that..... You can purchase leo on LEODEX
Not sure about that token cap, you say 9 million... There are more than 17 million so far and rising... Can you link the source of that please? Willing to learn! ty