Leo Finance Ecosystem is generally referred to as the LeoVerse. If you have been here for some time now, you no doubt appreciate how this team are pioneering Web3 adoption with so many products and projects. In this presentation (which will likely be long), I will take you around some popular LeoVerse projects, each form an important part of the Leofinance ecosystem.
Below are some of the LeoVerse projects I want to explore starting from the most important for me, to the least.
- Threads - Microblogging
- Blogging Interface
- LeoDex
- Hivestats
- LeoPedia
- Leo Glossary
Now we will take a look at each one in a little detail.
Threads - Microblogging
Perhaps the most important product of the Leoverse right now, Threads is the future of micro-content publishing and monetization. Twitter is the most popular web2 micro-blogging platform, but threads is the Web3 twitter built on the Hive blockchain. Threads gives all the opportunity to publish short-form content often called micro-blogs and connect with a large audience of short content lovers.
The monthly active user count of threads continue to increase everyday and it is enough evidence that short-form content is popular and many users are finding threads to be useful which is why they are always there.
Why so Important?
There are many reasons why Threads is considered an important and hot-selling item in the Leoverse. Consider the following reasons:
Appeals to a large market: Lots of people make use of one Micro-blogging application or the other. Twitter is the most popular. Micro-blogging attracts a very large audience because it takes little time to create and publish a short content. It equally requires a shorter time to consume short content. Threads is a project that will drive the masses to the Hive blockchain because it is similar to Twitter in many respects and much more better. Because of the massive audience of short-content consumers, Threads would remain a big product in the Leoverse.
Free: Thread is free - completely. Requires no sign up fees once you have your free Hive account. This is important to attract lots of users to the LeoVerse and from their they can try out other products. Verified Twitter accounts cost money, and corporate accounts costs even more Money. But threads is completely free which is why it is such a valued product in the LeoVerse.
Data privacy and Control: Unlike other web2 microblogging platforms, Threads is built on the Hive blockchain which is free from censorship. You own your content and thoughts. What you put out is what the audience sees. When signing up for threads, personally identifying information are not needed, which ensures a lot of privacy. What you publish, remains yours.
Doorstep to blockchain and Blogging: Threads make it easy for ordinary non tech-savvy users to embrace blockchain technology and begin their journey into the Web3 space. The journey is made easy because Threads already look like Twitter which they already know. From micro-blogging, new users will gradually learn blogging and also start participating in the crypto space.
If you are new to Threads, why not take a look. You can share any quick thought, image or other short content. You can even greet our friends with the #gmfrens tag.
Blogging Space
Long form content is another popular product in the Leoverse. The ecosystem has long form content as one of its main products. Users in the LeoVerse can publish or read long form content on money, crypto and finance.
Why so Important?
Long form content on the LeoVerse provides an avenue to dive deep into the world of money, crypto and finance. It is a platform to learn so much about everything happening in the crypto and finance space. Users gain a lot from consuming insightful long blogs on crypto updates, new/existing blockchain projects, finance regulations, tax matters and a lot of other diverse finance and crypto topics.
You can start right away to explore masterpiece articles on the above subjects through Leofinance blog page below:
Click to see long form content on Leo Finance
LeoDex
LeoDex is a layer 2 crypto exchange platform where users could swap Hive tokens for Hive and vice versa. Remember that users earn community tokens by participating and being active members of those communities. Each of those tokens are derived from Hive and could be swapped for it. LeoDex is one of the main exchange networks on Hive where such swapping could happen. For example, users could swap Hive for Leo, Cine for hive, Pob for Hive and so on.
Why so Important?
It would be hard to convert Layer 2 tokens to Layer 1 and vice versa without layer two exchange platforms. This is why LeoDex remains a powerful product in the Leoverse as it powers the swapping of hundreds of layer 2 token transactions each and everyday. This is such an indispensable tool.
How to perform a basic token swap in LeoDex
Follow these easy steps to Swap a Layer 2 token to Hive.
Note: I will swap some gosh tokens to Hive.swap
Step 1: Visit the LeoDex URL - https://leodex.io/market/LEO
Step 2: Type the name of the coin you wish to swap in the box provided. In our case, its GOSH. Check Image below.
Step 3: Scroll down to where you have the Sell box. Then enter the quantity of GOSH you wish to swap. In our own case, we will swap 30 GOSH. So I entered 30 in the box as seen below:
Step 4: Click the Sell button. Then confirm the transaction using your login method. In my case, I am using Hive Keychain. So I confirmed the transaction as seen below.
Congratulations! I have completed the swap. You can see my layer 2 tokens balance. The 1.76 swap.hive is there.
So from the above quick tutorial, you can see how easy it is to swap any layer 2 token to Hive. That is the value LeoDex brings to the LeoVerse
A quick way to swap Hive through Leodex: There is a really quick and easy method to convert Hive to swap,hive which is the Hive equivalent or form in Layer 2. Its easy. Just send any amount of hive to and you automatically receive the swap.hive equivalent in the account from where the transaction was done, provided there is enough liquidity to complete the transaction.
Hivestats
Hivestats is another important tool in the LeoVerse. This tool helps all users to explore the blockchain and check all the transactions data for any account. The URL is https://hivestats.io/
You can attach your username to get stats about your account. For example, I can attach to that URL to get to my page like this:
hivestats.io/@fokusnow
Why so Important?
Hivestats help each user read some important data about their transactions on the blockchain. So of the important data include the following:
- Wallet activities such as tokens sent, received, staked, and every other wallet activity
- Curation activities, time stamped to show all the posts you voted
- Author activities, including all the posts published and comments made on other peoples posts
- Pending author and curation rewards
- Account growth, including the amount of tokens earned over time
- Layer 1 and Layer 2 tokens balances
- And a lot more
Below is a screenshot of account growth from hivestats.
LeoPedia
Leopedia is a place where you could learn a lot about cryptocurrencies, Hive blockchain, LeoVerse and general finance knowledge. It affords both old and new users the opportunity to learn about crypto and related subjects in a comprehensive manner.
You can learn at your own pace under 4 categories as follow - blockchain, Economics, Hive and Tutorial. Each category has lots of articles that new and old users can learn from to increase their knowledge of crypto and finance in general. Below are 4 randomly picked articles from the LeoPedia:
- What’s in a Block on the Hive Blockchain?
- What is Wrapped Bitcoin (wBTC)?
- The Importance of Consistency in Dollar-Cost Averaging a Bitcoin Position
- $10 a Day Keeps the Central Bankers Away
You need to check things out for yourself in the LeoPedia. Click here to start Exploring >>
Leo Glossary
The Leo Glossary is a dictionary of money, crypto and finance terms. This dictionary comes handy as many new users join the LeoVerse and start their education in crypto and finance related terms. The Leoglossary helps everyone get a deeper knowledge of the common terms used in crypto, money and finance articles.
Why so Important?
**Easy-to-understand dictionary of finance and crypto terms: The Leo Glossary makes it easy to understand crypto and finance related terms. Its super useful for new users as well as old members that might struggle with the meaning of terms like cryptocurrency, blockchain, token, web2, Web3, decentralization, etc.
Seo boost for Leofinance articles: When you link the meaning of terms used in your articles to the Leo Glossary, it helps them rank higher in search engine results page. When people search for such terms, your article could be one of the top results to be listed on the page. This increases the organic visibility of LeoFinance publications on Search engines and drives more traffic to our platform. So always try to link to the Leo Glossary.
Click here to explore Leo Glossary
Conclusion
The Leoverse is vast and keeps on growing. From tokenized blogging, to a decentralized exchange and finance encyclopedia, there is a lot to enjoy in this ecosystem. Why not stay active and contribute value to this thriving web3 ecosystem powered by Hive blockchain.
Note: All images are screenshots from https://hivestats.io/, leodex.io/market, and Keychain