KEY FACT: INLEO celebrates successful distribution of Leoads revenue to $LEO stakeholders.
INLEO, an innovative web3 social media platform built on the Hive blockchain, on Thursday, 19th January 2024, successfully made the first distribution of its Leoads revenue to users who have staked the platform's native cryptocurrency, $LEO. This reward to LEO stakeholders has drastically increased the APY of LEO staking on Hive's layer 2.
Leoads revenue, the INLEO platform's advertising-generated revenue, is now being distributed to users who actively participate in staking LEO tokens. With this gesture, INLEO has redefined the social media landscape by introducing a unique revenue-sharing model that rewards users for their commitment to the platform.
The inaugural distribution marks a significant milestone for INLEO and its vibrant community. Users who staked $LEO tokens, held as LeoPower are now reaping the benefits of their loyalty. The Leoads rewards now increase the APY for staking the LEO token and add another layer of value to Leo Power, which is primarily held to peer-reward creators, user categorization as well as for stake-based polling. With this, INLEO further strengthens its commitment to be a user-centric social platform with the ideals of web3.
A user with 18,000 Leo Power, received as high as 68 $LEO tokens and this would be expected in the coming months. This development increases the APY of holding Leo Power to about 4.5%. This would be an added incentive for users to stake more tokens earned from either content creation or curation. This is another pioneering feat in the web3 social media space. It is expected that a culture of improved engagement where users play an active role in shaping the future of social media will be fostered.
This reward is another branch of the platforms's evergreen model of earning through their social media engagement journey. The team mentions that it is only the beginning of the bigger and more profitable journey for active users of its platform. INLEO is dedicated to providing a more decentralized and rewarding experience for its users.
The platform is set to roll out additional features and enhancements, which will further solidifyits position as a leader in the evolving socialmedia category of the web3 ecosystem.
INLEO is a cutting-edge web3 social media platform that leverages blockchain technology to provide users with a decentralized and rewarding social experience. Through its native cryptocurrency, $LEO, and the innovative revenue-sharing model with Leoads, INLEO is reshaping the way users engage with and benefit from social media.
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This post was created via INLEO, What is INLEO?
INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's Built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application: Inleo.io allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.
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