LeoGlossary: What Is Leofinance

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LeoFinance
2 Min Read
318 words

A multi-chain decentralized finance (DeFi) project built with the intention of achieving long term sustainability while providing stakeholders with assets that could appreciate in value over time.

There are many layers to the project with more being added on a regular basis.

Leofinance

The flagship of the entire project is Leofinance.io. This is a long form blogging platform designed in the style of Seeking Alpha. However, this is a Web 3.0 application, being built on the Hive blockchain.

Users can earn tokens and coins for their activity. All articles posted as eligible for author rewards. This can come in the form of the blockchain's native coin ($HIVE) along with the LEO token.

Curation is done by the community, each with voting power based upon how many coins and tokens are staked. As one's staking amount grows, so does their ability to direct rewards.

All voting is done over a 7 day period. After the window is complete, rewards are distributed to the wallets of all involved in the process. The author gets his or her rewards while each curator gets paid for the upvotes given.

The calculation and distribution of the rewards are done by the network. This automates the transaction process.

Leofinance can be through as a tokenized, permissionless Seeking Alpha.

Hive is a decentralized database. In true Web 3.0 fashion, all data posted to Leofinance is written to the blockchain. This makes people's content immutable. Couple this with full account ownership and it is easy to see the appeal to content creators.

PolyCub

Cubfinance

Hivestats

LeoDex

Other Leofinance Content:

Posted Using LeoFinance Beta


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