One of my favourite authors says "when the purpose of a thing is unknown, abuse is inevitable". This applies in every front of life and it goes a long way to show how costly ignorance can be. Many times, we own a thing but fail to understand the nittygritty of the possibilities as defined by the manufacturer.
The best way to maximize any product is to look at it with the manufacturer's lens where its true intent and usecases are defined. There is a lot of ignorance about Hive blockchain in general and this leads to the underutilization of the applications built on the Hive infrastructure.
This post attempts to expose the great possibilities that are lurked in the LeoFinance decentralized application. A better understanding would stem from knowing the mission of LeoFinance which is to decentralize financial knowledge and access. The goal is to ensure that everyone within the age rage of internet awareness and usage can access every revealed knowledge about finance in whatever form it exist. In addition, everyone who is aware of financial knowledge can also start creating wealth with the knowledge gathered.
The creation of LeoFinance is geared towards removing the bottlenecks that has existed before now against humanity's access to finance knowledge and wealth. LeoFinance sets the tone for a free and an easy access with a 30 seconds account creation process into the beautiful world of web3 where every participant's data is owned, shared and monetized at will.
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After several iterations in forms and structures which has grown LeoFinance into the "Everything App" earlier conceptualized by Elon Musk, we have seen a robust advancement in the features of LeoFinance. Today, LeoFinance has become an all encompassing application on the Hive blockchain with features that focus on microblogging, long-form articles, communities, payments , subscriptions , decentralized voting and more to come.
Microblogging: The microblogging feature of Leofinance is modelled after Twitter. That is, all the social activities that can be undertaken on Twitter is available on LeoFinance. Users can send a 240 max character microblogs containing texts, gifs, videos, images, etc. Unlike Twitter, these microblogs are peer rewarded with cryptocurrencies such as $LEO, $HIVE and $HBD.
Long-Form Articles: LeoFinance users can create long-form articles such as obtainable on Medium. These articles are peer rewarded via upvotes and cryptocurrencies earned are withdrawable after 7 days. As much as 10 cryptos can be earned from one long form article.
Communities: This is the latest revamp feature of leoFinance modelled after Reddit. Indeed, Leofinance communities is the web3 alternative to Reddit. Communities can be created, moderated and members rewarded. Just like Reddit, any niche community can be creaed and grown for niche conversations.
Payments: There is nothing as sweet as boycotting banking beauroocracies, Digital payment systems have made this possible. Just like Venmo, Zelle and other systems, LeoFinance users can send/receive monies (cryptocurrencies) to/from friends and family members. These transactions are seamlessly done and they are successful in just 3 seconds. Beyond, monies in LeoFinance wallet can be staked as a way of investment to yield income.
Subscriptions: As obtainable on Substack, LeoFinance users can set up their personal blog or website for newslettera or podcasts in a quick simple way. No tech knowledge is required, users can you can sustain a direct relationship with your subscribed readers and retain full control over their creative work.
Decentralized Voting: Decentralized voting is a fresh innovation that has several utility including elections, brand feedback, education research survey and more. Communities can use stake based voting to share resources.
Based on the combined use cases that are obtainable on LeoFinance, it would not be wrong to call it an all-in-one web3 product that gives its users the opportunity to express themselves in the best of ways and yet convert their expressions into money.
The grand beauty of LeoFinance is that is is built around the utility token known as $LEO which can only grow in value. There is a deep gamification within LeoFinance around he LEO token and its value can only increase.
This awareness is to diminish the misconceptions and underutilization that arose as a result of ignorance of this ultimate but cool product on the web3 technology.
If you found the article interesting or helpful, please hit the upvote button, share for visibility to other hive friends to see. More importantly, drop a comment beneath. Thank you!
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Let's Connect
Hive: @uyobong
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966