How to get free crypto by joining a community

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Sharing my experience of earning crypto on LeoFinance.

In a recent YouTube video, our friends at Whiteboard Crypto outlined a whole range of ways to get free crypto.

On the following timestamped, embedded video, take a look at what comes in at number 7:

Pretty cool to see the LeoFinance community getting some recognition outside of our own Hive bubble.

As someone who was writing on Steem and made the move to Hive to write exclusively on LeoFinance, I definitely have a story to share.

I wanted to take some time to share my experiences around earning crypto by blogging on the platform and how you can get free crypto for your time.

Trust me, if I can earn free crypto on LeoFinance, then you can too!

The LeoFinance logo - Our crypto community powered by Hive.

What is LeoFinance?

So just What is LeoFinance?

Built on top of the decentralised Hive blockchain, LeoFinance is more than a blogging platform - It’s a community.

Technically, we’re a trading and investments community, but in reality we’re so much more than that.

All powered by HIVE and our very own layer-2 token called LEO.

LeoFinance vs Publish0x

Mentioned in the Whiteboard Crypto YouTube video alongside LeoFinance as a way to earn crypto by blogging, was other sites such as Publish0x.

But a distinction needs to be made between making money blogging, and earning crypto blogging on a truly decentralised platform.

You see thanks to being built on the Hive blockchain, you have an underlying immutable, censorship-resistant account that nobody can silence or take away.

Publish0x on the other hand, is a completely centralised solution where you’re posting to a centralised website with 1 front-end and being paid tips from their company’s bank account.

Thanks to its home on the Hive blockchain, LeoFinance is the only decentralised crypto blogging platform mentioned on the video.

If you’re on Publish0x, then you may as well just be running ads on your own WordPress site.

Earning free crypto on LeoFinance

So if not from a company’s centralised bank account like on Publish0x, where does the free crypto that you’re earning on LeoFinance come from?

Let’s introduce the concept of the Hive rewards pool and the community layer-2 built on top.

An 80s style Hive logo, where you can get free crypto from the Hive rewards pool.

The Hive rewards pool

The Hive rewards pool is what allows you to get free crypto for joining the LeoFinance community.

The Hive rewards pool can be viewed as a way to print and distribute new HIVE tokens.

As part of the blockchain's code, a portion of the daily inflation is sent to the rewards pool, incentivising bloggers to publish quality content on their chosen community.

In this case, LeoFinance.

Content creators and curators each receive half of the daily rewards pool payouts, which means that the HIVE token gets widely distributed.

As a result, real value is built in the form of quality content, while the HIVE token becomes more decentralised.

Due to the DPoS concsus model employed by the Hive blockchain, token distribution is VERY important when it comes to maintaining full ownership of your Hive account and LeoFinance blog.

But back to the rewards pool…

When a Hive blog is upvoted, the money does not come from the upvoter's stake, but is actually distributed as a share of the newly minted tokens.

An upvoter's account with more HIVE POWER has a greater say in how the rewards pool is distributed.

You will make more money from your blog if you are upvoted by a large HIVE stakeholder.

With 50% of the daily rewards pool payouts going to curators, these large stakeholders are more likely to discover and upvote quality blog content.

All you’ve gotta do is start publishing it.

The LEO rewards pool

But when you add tokenised communities such as LeoFinance and the LEO token to the layer above, this is where things to start to get really exciting.

LeoFinance is a layer-2 tokenised community that your immutible Hive account can also interact with.

So for posting on LeoFinance, you will also be paid a portion of the LEO rewards pool too.

Yep, on top of your HIVE rewards, you will also earn LEO rewards for your content and curation.

Our LEO rewards pool operates exactly the same way as our Hive rewards pool, except that it allows investors to curate and display content more relevant to our niche front-end.

For example, a sports blog may receive a lot of votes from HIVE stakeholders, but since LeoFinance is all about finance, a lack of votes from LEO stakeholders will cause it to be displayed differentlt on the trending section of leofinance.io.

This multi-layered system of HIVE and then LEO, ensures quality content is correctly displayed and allows bloggers to make money in the form of two different cryptocurrencies.

A way to get free crypto blogging, without a domain, all via your single Hive account.

How to get free crypto by joining the LeoFinance community

If you want to get free crypto by blogging, then joining the LeoFinance community should be your first port of call.

Click the get started button at the top right hand corner of this page and grab yourself a free, censorship-resistance, immutable Hive account which you can not only use on LeoFinance, but also on any Hive based application.

Thanks to the community’s home on the Hive blockchain, LeoFinance is the only truly decentralised crypto blogging solution.

See you around the community!

Best of probabilities to you.




Direct from the desk of Dane Williams.

Why not share a chart or leave a comment on how to get free crypto by joining a community like LeoFinance. All comments that add something to the discussion will be upvoted.

This Hive crypto blog is exclusive to leofinance.io.

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This was educating to me. I have often wondered where the rewards we received on our posts comes from. Up until now, I usually thought it came from investors stakes.

Here I am discovering that there is a rewards pool that is shared by all investors who spread the love of hive and crypto earning to the quality content creators.

I am saving this post, I have to return and read again and again, until every valuable information sticks.

Thank so much for taking the time to educate the general public on this.

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Happy to hear that it has helped :)

I have often wondered where the rewards we received on our posts comes from. Up until now, I usually thought it came from investors stakes.

The Hive rewards pool

The concept of the Hive rewards pool is a little complex. But once you wrap your head around it, it will make sense.

The Hive blockchain prints a certain amount of freshly minted HIVE tokens every day as inflation. These freshly printed HIVE tokens go into what's called the rewards pool, a dedicated fund that must be divided up between Hive bloggers on a daily basis.

It's up to those who have Hive Power, essentially those who own the network itself, to decide how this daily rewards pool should be divided up. They do this by upvoting content.

Do you see that those with large HP balances can give a higher upvote? This is because as they own more of the network, they in turn get more of a say in how the rewards pool is distributed.

The LEO rewards pool

As a layer-2 token, LEO uses the exact same process of a rewards pool to distribute LEO on a daily basis.

So when you choose to join a community, you not only earn HIVE on layer-1, but also the layer-2 token such as LEO. This is as simple as posting from leofinance.io or tagging the post with a finance related tag.

The process of those with a larger LEO stake getting more of a say in how the LEO rewards pool is distributed, is exactly the same as on Hive itself. leofinance.io then uses LEO rewards to display content rather than HIVE. This is why you will see completely different blogs on the LeoFinance trending page than what you see on Hive itself.

If you can understand and take advantage, you can see that the layered nature of Hive can make blogging here a very lucrative endeavour!

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Nice write-up buddy. With leomarket talk, one can earn crypto by voting the comments and receiving votes on his comments. It is also a good way to make friends. Have been busy lately engaging there but m back now.
Leofinance is also one of the communities with highest daily posts.

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You've brought up an excellent point in regards to commenting.

one can earn crypto by voting the comments and receiving votes on his comments.

LeoFinance is a social community

You're right, you can earn free crypto simply by getting involved in the comments section of others posts. This means that you don't need to worry if you can't write long blog posts, all you need to do is get social and engage with the community in comments.

After Hive's most recent hard fork, some awesome changes to the curation window and curation rewards calculation were made. This meant that anyone now voting in the first 24 hours will be rewarded based solely on their Hive Power and vote weight.

Comments are now treated exactly the same as posts when it comes to curation rewards, so we're seeing lots more votes on comments. Just look at how I've upvoted every comment under this blog.

If anyone is new to LeoFinance, I encourage you to jump into the daily LeoMarketTalk blog and get involved in the comments section. If you add value to the discussion, it's likely you'll receive upvotes simply on comments.

That's right. On LeoFinance, you can earn free crypto from blogging... without actually blogging yourself! ;)

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The importance of commenting under other people's posts should also be emphasized. There are many blog posts from many people without any human comments. The community should work together. That would be much easier for everyone. This whole platform would thrive. Both as a social network, and also as an investing platform.

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Everyone should leave at least 10 comments a day at a minimum.

That would easily add a ton of comments to posts.

Of course, not every post is going to have comments because, quite frankly, many of them are garbage.

But the articles that are well thought out and effort went in, should get a decent comment (and not just the great post stuff).

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Comments can also receive upvotes.

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Sometimes even more than a post. And comments also give visibility to the author of the comment. Yet people still rarely comment.

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An interesting point you bring up!

The importance of commenting under other people's posts should also be emphasized. There are many blog posts from many people without any human comments. The community should work together.

Engagement is the key to success

If you want to make more money on your blogs, then my advice would be for you to go out and simply engage with others.

As I spoke about in a comment just above, LeoFinance is a social community and if you make friends, then they will be more inclined to engage with and upvote what you write.

I know that I'm personally more inclined to jump into the comments section of other blogs that are written by people that I know and trust. That might not be totally fair, but it's just human nature.

For anyone new, a great tactic that you can use to increase the engagement (and ultimately the crypto you earn) is to simply up your comment count 10x. Add value by starting a discussion in the comments section and you will likely receive upvotes for doing so.

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I thought this was the goal of Ecency. Are these two competing blog solutions?

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Why would they be competing when they feed into the same data base (blockchain)?

Also, Ecency is general purpose, Leofinance is for crypto/financial related topics.

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Sounds like it’s probably pretty common sense, but I’m new to blockchain overall. In my mind, it looked like two separate blog homes. So I figured, maybe the blockchain is like the internet that supports the transfer and sharing of information, but posts made in one wouldn’t be visible in another. I also don’t have a strong history in blogging either, so I’m just piecing this all together as I go :)

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A cool way to think about Hive and all its various blogging platforms, is to describe them as layers.

Layer-1 - The Hive Blockchain

At the base layer, you have the Hive blockchain. This is the decentralised base that handles your account and HIVE wallet transfers.

In order to interact with the Hive blockchain at the base layer, we use different front-ends such as Ecency or PeakD. What they do is display every piece of content published to the Hive blockchain, in a user friendly way. ​

Layer-2 - Communities

Then on layer-2, you have the specialised, niche community front-ends such as LeoFinance. They also use the Hive blockchain for accounts, data storage etc. But where they differentiate from Ecency is that they also run their own token economies and rules around how Hive blockchain data is displayed.

For example, LeoFinance uses rewards based on the LEO token instead of HIVE to display content. This means that something trending on leofinance.io, may be a zero reward post on Hive itself.

On LeoFinance, rewards are distributed from a user's LEO stake, not HIVE. While content is displayed using specific finance related tags to avoid filling the leofinance.io front-end with say sports content.

What gives HIVE and LEO tokens value?

This question gets asked a lot.

When it comes to HIVE, most understand that you need Hive Power for the resource credits required to use the network. There will always be demand for HIVE as long as people want to interact with the decentralised Hive Blockchain in any capacity.

But what gives layer-2 tokens (like LEO) value, is a little less straightforward. What you have here is a very targeted, specialised community of people. This is extremely valuable from a commercial standpoint - Just ask Facebook! In order to get your content in front of the eyes of this targeted niche community, you need stake in that particular layer-2 token.

For example, the LeoFinance community is made up of people interested in crypto and finance. If you were a crypto company that wanted to get your content in front of people interested in this niche, then you could pay for Facebook ads. Or you could take a stake in the LEO token economy and use that to put your content front and centre of the community.

By buying into the token, you now have an economic incentive not to spam the community because then the value of your investment (or ad spend) would be negatively affected.

Anyway, some food for thought :)

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This is an EXCELLENT breakdown! Thanks for bringing me one step closer :)

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I definitely encourage you to have a play with some of the different community front-ends and try your hand at earning some layer-2 tokens.

For example, maybe use leofinance.io to post your next crypto related blog post?

If you go to your profile on leofinance.io now, you can see that it displays no posts because you've never used any finance related tags when you post. But even though its the same account, your Ecency profile displays everything you've ever posted.

If you post from our URL or tag finance related content with #leofinance, then your post will also display on our community front-end and allow you to earn LEO tokens.

Pretty cool, right? :)

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This does sound cool, and less and less confusing with each little bit of information I pick up. Also been learning a lot by just jumping in and doing - so I’ll take you up on this. Next time I have a crypto related post, I’ll try doing it through LeoFinance and see what I can learn through trying.

Thanks for the help!

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Yes but i think " free" is the wrong word. I think the reality of whiteboard crypto's post is that what is required is a skillset to be able to write blogs and give informative comments. To which none of this equals the certainty you will earn anything at all. There is no protocol that says you will earn if you do a good write up or not.

So i think free is the wrong word and whiteboard crypto misunderstands the definition of free. Now he'd have been correct had to mentioned something like bitcoin myk. Which has an automated curated system that sends you crypto based on your attention value and activity. Not the quality of the content. The problem with finding monetary value directly into the level of content is likely zero. That is because in any market of the sort i could find the same information free.

So the actual value i believe would rest in the network and attention value. Bitcoin MYK right now is the only project in the space i know that truly fits the idea. It's now grown to over 50k accounts. The site alone has grown to over $100k in value. So the idea of a future crypto of freemium services, most of the biggest networks we use and have grown is based on free use. Free use of facebook and instagram etc., So that's what will carry the most growth and value. I see this more like a membership site that you pay into and you earn more when you do. That's not really capsulating the idea of free in my view.

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Excellent point.

There is no protocol that says you will earn if you do a good write up or not.

But to be fair, I think it's clear that using the word 'free' in this manner is simply a clickbaity headline to increase their casual viewers.

Hey, it got us here, didn't it? ;)

Crypto rewards are not guaranteed

But yep, rewards on Hive/LeoFinance are not guaranteed and most of the time post quality doesn't correlate with high rewards. There are a ton of other factors that go into which posts get rewarded, like their stake, their standing in the community, their friends etc etc.

We are a social network after all and that means that being social is an important factor when it comes to earning crypto from your content.

If you want to give yourself the best chance of earning free crypto, then get social in the comments section of others posts. The relationships you form there will ultimately increase engagement on your own blogs and give you a higher chance of receiving upvotes.

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Yea but it's not keeping us here. They generally going to leave out. That is because freemium services have and always will work better when you building a network. Nobody pays for facebook, or instagram and they reach trillions of dollars based on Metcalfe's law. The smart thing to do is imitate the model and make your money off the network deferred.

The problem is we need to stave off short term immediate gratification. So networks like the pi network have figured it out. They already have north of 25 million users. Probably within a few years they'll surprass bitcoin. Hive is never going to get there until they understand these basic ideas. The trajectory of dpos since 2016 hasn't been good. I'm not sure what metric they using. I don't see it but just trying to help. However they gotta be open to the help. I know the math is on my side and the future of our economics and crypto. i don't think they have figured it out yet.

I agree with you on participation and being social does increase your chances. I know for me the stigma with that and many others early on was they felt more like it was kissing up lol. So it kinda left a bad taste in peoples mouth. I think they should hide the earnings but they want full transparency. I'm confident everything i've created is what the people want and will choose the next wave. In this first wave this is just the wave of the gamblers and risk takers. The next wave is the actual practical use and that's what's going to shake many of these projects out. I wont say which ones but i can tell you it will be many. So we'll see if my prediction holds up. I think so but i have been wrong before and some things have been unpredictable. This time i think i'm right though.

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I feel like this person is quite good at explaining things and it's nice to see LEO/HIVE get some recognition. There are plenty of ways to earn crypto without being scammed. The best thing about earning here is that you can stake and start compounding your earnings too.

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I'd actually never seen the Whiteboard Crypto channel before I read about it here on LeoFinance.

But like you said, they do a great job of explaining complex topics in a really easy to understand manner.

The best thing about earning here is that you can stake and start compounding your earnings too.

Earn free crypto from curation

Yep, if you have HIVE or LEO staked, then you can earn crypto in the form of curation rewards simply by upvoting others.

That means that on LeoFinance, you can earn free crypto from blogging... without actually blogging yourself haha.

To get tokens to stake, you can either buy them off the market to immediately earn curation rewards. Or you can start from scratch, investing only your time by writing content and engaging with others in the comments section.

Compounding your stake, simply by upvoting the content of others is pretty cool.

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I love doing the comparison posts. I am definitely going for "LeoFinance vs Publish0x" one soon. :P

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(Edited)

You're doing a great job on all of your comparison posts, Esmee.

I just saw and upvoted your most recent EOS comparison, so keep it up!

Looking forward to seeing what you do for Hive or LeoFinanance vs Publish0x.

Make money writing about crypto

For anyone else looking to make money writing about cryptocurrency the LeoFinance Crypto Guides project is a great place to start.

There's no need for writer's block when you have endless cryptocurrency themed topics to start you off :)

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Hive/leo has help my life in many ways, from investment to meeting people and helping me grow. It is important to understand that this community is the reason why some many people survive. Thanks for your post.

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I'd love to read a post from you on how earning free crypto in the LeoFinance community is personally improving your life.

Anything you'd like to share would be great to read :)

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