Leoverse - LeoFinancce, Web3, CubFinance, Leo tokenization, threads or microblogging
Greetings to everyone on this great platform, I welcome you all again to my blog, I write this post to make my entry to one of the quests for the Finance Bro adventures. Today, the topic is Leoverse and what it entails. So basically, we would be looking at what Leoverse is all about including its unique features such as DeFi, Microblogging (threads), tokenization, web3, DEX, Leopedia, Leo Magazines, and many more. I learned about the LeoFinance community not long ago, and since joining the platform, I have really liked the platform the most, my recent posts have been about finances, economics, business, etc and they are written and published in this community. Without much ado, I would like us to dive into the main topic for today.
What is Leofinance
Leofinance as a web3 ecosystem is responsible for managing and developing various blockchain-based applications, and in July 2019, it was launched as a social media platform for both finance-related and crypto-related content. Leofinance since its launch has been working towards achieving the aim of becoming a web3 multi-blockchain ecosystem. It has the aim or mission of using web3 and tokenization in revolving the world through investments and other ways. The social media platform which is Leofinance.io is one of layer 0 or the base layer of the LeoFinance project. Also, the community at large also serves as one of the base layers as well. The Leofinace community in its way of creating interactive content, also tries to bring out possible ways of improving upon the crypto and finance industry as the world keeps on revolving and they do so through deep research to find ways to improve upon them. Basically, Leofinance functions or operate as a Web3 Ecosystem, and they have made improvements to their vision since 2020 where they reshaped their vision from being a tokenized community to a more dynamic platform.
The Focus of Leofinance
Leofinace has the aim to focus on developing and creating a Web3 ecosystem where users are able to learn more and deeper about finances, business, economics, cryptocurrencies, politics, and many more. Leofinacne also has the aim of teaching its users that Web3 is not any difficult thing to study but can be learned and understood in a simple way. The backbone of their entire project is Leofinance.io which serves as the core application for the community. It is being worked on and upgraded every single day here and there. We can even find that the new UI we are having a campaign about now where every day they try to update the UI so that it suits the like of the people.
Leofinance has been working on the community as layer 0 and is trying every possible means to improve its growth. One aspect of Leofinance that I like most is that they listen to the views and opinions of the people under them and they try to implement and put into place their suggestions so as to suit the people they serve. And in so doing, it brings us to the mission of the community which is;
democratizing knowledge and access to finance.
The mission of LeoFinance has been about the implementation and adapting to the web3 ecosystem so as to remove and eliminate the turn away of cooperation of the web2 platforms such as Facebook, Twitter, Google, and the like. The Web2 platforms have now turned to competing themselves instead of coming together to work and function as one entity. LeoFinance community has come to spread information all over the world and also to make it easy in distributing information via the internet.
Web3, the New Frontier of the Internet
Since the 90s when the internet started to evolve, we began to see that a lot more improvement would be done within the coming years and so it happened. From the first use of the internet (Web1) to the next decade when we had Web2 of which some are currently running. This Web2 platform has social media platforms which include Facebook, and Twitter which created the space and the platform for users to have peer-to-peer interaction with on the platform. Users started to enjoy the feature of this new internet revolution, but surprisingly a new one Web3 has evolved and this has really created a bridge between the Web1 and Web2 social media platforms. And not only that, but it has also bridged the gap between decentralized ideals, blockchain, and cryptocurrencies as well. Web3 ecosystem provides the platform where new exciting platforms, tools, and economies can be developed and built.
LeoFinance has the aim of building and developing applications that can create better opportunities for its users and they are really working on that with all in and with full support. Web3 is a system that is very dynamic and does not function or operate like that of Web1 and Web2 which are known to be stationary in their functions. Basically, the LeoFinace community started as a single blogging layer until they incorporated and adapted the Web3 ecosystem which has really created a lot of opportunities for its users.
Web3 and Social Media
Web3 as defined in the whitepaper for leoFinance
Web3 is about decentralizing and democratizing the access that retail investors and average users have to the amazing opportunities of the new age of the internet.
Web 3 fulfilling its democratic feature or nature, allows users to access opportunities on the platform through smart contracts that are built on the various blockchain networks. LeoFinance also engages with each other via the social blockchain that layer 0 is built onto. This indicates that LeoFinance has gone beyond the fact people term it as a mere social media community or platform. The LeoFinance community has the aim of providing financial knowledge to users on the platform and also providing a platform where users can create new things at a faster scale. In providing or creating opportunities for users on the platform, the LeoFinance community implements the use of a huge number of smart contracts to perform this function.
CubFinance
LeoFinance is also working to bridge the gap of crypto to a broader and wide aspect. LeoFinance as a web ecosystem has the belief of becoming a multi-blockchain network. CubFinanace is the layer that provides users to deposit and interact with other external vaults through smart contracts. Some large platforms such as PancakeSwap can be used to build these vaults and they grant users the ability to earn for depositing their assets into liquidity pools and in so doing, they earn Annual Percentage Yield (APY). The CubFinance is a way of diversifying LeoFinance into a DeFi industry and this is a real form of investing for investors on the platform.
Leo Tokenization
LEO is a second-layer token on the Hive blockchain and it is the native token for the LeoFinance community. Similar to the Hive blockchain, the LEO token also has some core features and they include; fast transactions, dynamic token Issuance, free transactions, and immutable transactions. The LEO tokens can be earned through the following ways; creating content, leasing staked LEO, Curating content with Staked LEO, engaging with content, and providing liquidity for LeoBridge.
Staking
Once an individual stakes the LEO tokens that he or she has, it becomes LEO Power, and that LEO power it has been converted to is the staked LEO. Upon staking LEO to LEO Power, you do earn rewards for doing that as well. You do earn LEO tokens for staking and holding the LEO token. The rewards are distributed according to the amount of LEO that an individual staked. For instance, a person that staked a higher amount of LEO tokens would earn more rewards than the one that staked a few amounts of LEO tokens. Also, the rewards would be added to your LEO Power, which means that the rewards would also be staked directly into your account for you.
Curation
Yes, one can equally earn LEO tokens by curation. This is where a high LEO staked holder curates the articles or posts of authors on the platform and in doing so gets in return LEO tokens after being paid out. This is what we termed as the curation rewards and it is 50% of the author's reward.
Threads or Microblogging
This is one of the features of Leofinance.io that I love using a lot. This feature grants users the ability to write and post short-form content on the platform where users can earn from them as well. Currently, a lot of development and improvement is being worked on because we are currently running a new UI and a lot of bugs need to be fixed. Leothreads is just similar to Twitter and I think with time, this would overtake Twitter and people would no longer know about Twitter in the near future. Leothreads provides a platform for users to engage more and also make new friends on the platform through their engagement and others. Threading isn't any difficult task to do as it does not involve any deeper thinking to write, it's just about writing and sharing your daily experience and lifestyle on the platform.
This is where I would bring my article to an end for today, and I would like to thank everyone that read and followed my article this far. Also, I would like to say a very big thank you to the leaders and MODs of the Leofinance community for such wonderful artwork they keep on doing. Kudus to the team.
Posted Using LeoFinance Alpha