Is LeoFinance Real and other questions

After responding to the tweet by Leofinance yesterday, I got a couple of messages asking me questions like, Is Leofinance legit? Is the money real? How is it possible? Can anyone get it? Can users cash out?....

This post is intended to clear the air and answer these questions while I also share my opinion...

Firstly, it does actually pay(pun) to be on Leofinance, like literally and I'm not even kidding, the screenshot below is a testimony to that, my testimony.

Interestingly, I didnt do anything extra or special, I just responded to a post with my opinion, like I will do in any other platform such as Medium, Facebook, Instagram, Reddit, Twitter, name it, just like anyone will do on any of those platforms and the likes, but on Leofinance I earned $12.

Is LeoFinance real?

Funny enough It's not even a facade, neither is it magic, its as real as it can get, the difference between those other platforms and Leofinance is the technology upon which they are built. Remember what I wrote about Web 2.0 and Web 3.0, click this link if you haven't read it.

What happens on Leofinance is just a microscopic evidence of what is possible on Web 3.0, Leofinance platform is powered by Hive Blockchain. Hive Blockchain is designed to serve as the bed rock of Web 3.0. Other platforms are powered by centralized databases....

One of the unique properties of Hive blockchain is its token distribution mechanism through upvotes, otherwise commonly known as likes...this is what enables users to earn tokens on their posts on Leofinance.

Will you get $12 on your comment as well?

So the 12$ came about due to the fact that multiple stake holders with a lot of stake voted on my comment, it is a common practice, so yes you can also get that and even more, but it is not a guarantee, I don't determine when or if it'll happen, I just go around my day engaging as I normally would, which is what anyone else should do.

Cashing out

More than cashing out, it shows what is possible and gives me the chance to build my account so that I can also participate in the upvote economy by distributing a substantial amount of Leo tokens to both posts and comments that add value to me or the community.

I also get the chance to grow my stake which invariably increases my share in the success of the platform.

Ofcourse anyone can cash out if they want, there are no rules that states otherwise, statements above are only my personal opinion which are relative to my goal. To read more about how differently other social mediums operate differently from web 3.0 read this post.

Thanks for reading....kindly DYOR..

Want to join Leofinance where we blog about financial, investment and cryptocurrency topics? Click this link to contact me through my twitter account so I can walk you through. Or better still, don't talk to me, just sign up with your twitter account.

Want to join Hive through my Ref Link and let me walk you through starting up? Click the image below.

Posted Using LeoFinance ^Beta