LeoVerse is the Future for all of Web 3

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(Edited)

I always say that LeoFinance is not just a platform for bloggers instead its an ecosystem for all of web 3 and things are in build mode currently. There is a lot that can be explained and discussed about LeoFinance as we know that it has got a bunch of things for the community and even they are trying to make this list bigger. When we think about creating or reading content related to finance and money then this is the place where we get to see it more. money is part of our life and directly or indirectly it is part of anything that we do which means the scope is quite big for Leo finance however people need to understand how they are using the money in their life

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What is Leo Finance

As far as the leofinance website is concerned then its a web 3 social media platform but if we look at it from a different perspective then its a brand that is leveraging Web 3 on hive blockchain. It is an ecosystem where you get multiple applications including- Long-form content, microblogging, DeFi, LeoDEX, hivestats, Leopedia, and much more. The team behind LeoFinance is trying to build an ecosystem where everything is available when you think of Web 3. We can say that it is going to be a fantastic place where all of every three related steps can be found and that too we can get a Next level experience of the new face of the Internet. Experince the best of Web 3 in the easiest form through defiance and now with microblogging too which is getting better with each passing day.

The flagship of the entire project is Leofinance.io, which is a social media application. This is a long-form blogging platform designed in the style of Seeking Alpha. However, this is a Web 3.0 application, being built on the Hive blockchain.

Token Economy

LEO is the native token of Leo Finance and it is available for trading as well in the hive engine. There was a time when the token price was almost $1 but now it is approximately $0.05 which I think is quite low and conceding the use case in the ecosystem it's like the token is undervalued. This could be an impact of the current bear market also because many coins are affected however if things will start to recover soon then the same impact can be seen on the Leo token price as well. This is not a piece of financial advice that I'm sharing in this article instead I can say that do your research before you go for investment in the token but the current price seems like a great opportunity to buy a good number of tokens for the long term. we can earn Leo tokens by creating content and if it is curated by someone holding a nice Leo power. We always have the option to buy the token from the market and power up for better rewards.

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Curation with Leo

The good thing about the Leo token is that we can power it up and convert it to Leo Power which can generate a curation reward as we do with hive power. This is a good option to generate passive income by curating the content through Leo Power. I see a lot of people doing it and they must be earning decent rewards through the curation I believe this is an additional income if we invest in Leo token because the price appreciation is one of the factors that is something we cannot ignore.

DeFi

With leofinance, we get 2 DeFi protocols built on BSC and Polygon network. We need not worry about the transaction fee because both are built on chains that are cost-effective and the transaction can be done at a reasonable fee we can ignore the charge as its minimal. At present the price for the defi token is low and again it is the [market](https://leofinance.io/@leoglossary/leoglossary-market impact I believe however I also expect that more people will join the protocols once things are getting back to a better situation in the crypto market. I have invested in the protocol and because the current value is quite less so there is no point selling anything instead it is better to hold and wait for the right time when the investment can be profitable and generate a significant amount of returns.

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Microblogging

This is the heart segment of LeoFinance as of now and the microblogging application called LeoThreads has got more attention from the community. the reason why it is more popular is that people can share whatever they like in limited characters as we do on Twitter. We can say that now we have got Twitter on the blockchain with content monetization as well whereas in Twitter it is not an easy process as far as I understand. Its like micro-blogging is on fire on this platform because everyone is doing it and they are trying to create a good engagement on the platform which is good. There is a lot that we can expect on this microblogging platform in the coming months because the team is geared up and they are trying to make it so good and highly advanced platform built on the blockchain. As I already mentioned that monetization is provided by default which means there is no such process to follow to earn rewards on the content because it is provided to all the users by default.

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We just need to create the content and if it is good then the community will support it however we also can power up Leo and start curating for microblogging which seems an easier way I believe. There is no change in the curation reward for the long content or the short content in terms of curation as far as I understand the process and I see a lot of people doing it already. Even though I do it sometimes but I curate more of the post that is created with the long-form option provided on the portal.

DEX

LeoDex is the decentralized exchange provided by Leofinance. I have been using this platform for quite some time and it is very easy to use. We just need to log in to our account using keychain and then you are all set to perform the transactions across the platform. It works the same way hive-engine works and we can buy, sell, trade, or stake tokens in leodex. This platform also charges less amount on the deposit and withdrawal which is a plus I believe and because of this reason, I prefer to use Leo decks for any deposit and withdrawal transactions.

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Community

Leofinance is a growing and vibrant community. It is unique because they keep on building an ecosystem to empower web 3.0 as well as the community through various initiatives. for example, they are running an adoption campaign for the community and through this initiative, they are going to distribute a reward of 10,000 US dollars to the winners who will be part of the initiative and can rank themselves in the top 50. It is a community where everyone is welcome and the Equal opportunities are given to everyone to learn and understand how crypo. We need to understand that Crypto and Web 3 are the future so it is better if we adopt it on time which will help us have a better understanding before the world decides to enter the segment.

HiveStats

Hivestatsis a must-use tool for anyone on Hive and leo. This provides a lot of information about the account and transactions that can help us understand how we are doing on the chain and if in case there is a change that needs to be performed for making things better. It is one of the tools that I use almost every day because it helps me to learn and understand my curation APR and earning. Most of us like to know how much we earn through curation and whatever is the APR we should be aware of so this is the tool that helps here and get to know a deeper insight into curation. this is not all because we also get other things on this portal and I can say that it is worth checking out if you are interested to get more of your hive account.

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Conclusion

LeoVerse is an equipped ecosystem for leofinance where we have everything for leo as well as web 3. Its like you think of anything that is needed to make web3 great already and here if its not as of now then it will be available soon. All I can say is that team is focused on development and I anticipate that there will be mass onboarding in the coming years so being earlier joiners we can get some benefits. One of the best ways would be to grab the opportunity by building a bigger Leo power portfolio and later this will turn out to be so big and valuable. Experince the new generation of the internet and social media through leofinance while generating some rewards as well.

Thank you

Posted Using LeoFinance Alpha



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8 comments
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With leofinance, we get 2 DeFi protocols built on BSC and Polygon network.

We don't need it on other networks - we need it on our Hive !!!

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I agree. having it in the hive will make the hive even better. Hope it happens soon.

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Leveraging the Hive blockchain to build a great web3 platform is exciting and interesting. Web3 is the future of the internet. So being an early adopter on a platform like the Leoverse comes with great opportunities. Constant developments are happening.

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Good things take time to develop I hope leofinance will definitely help us to promote hive blockchain, because leofinance have everything in place to become on of the number one community on hive blockchain

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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

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I guess leofinance is making it big on hive. The community always aim to support one another

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