In this clip from this week's LeoFinance AMA, we talk about the LEO token economy. This is one of the very first things we talked about on this AMA.
The narrative in 2021 for LeoFinance was expansion. We're continuing that narrative into 2022 as we hire on more team members, devs and bring in more community members to help build our project at the bleeding edge of Web3.
LeoFinance is and always will be at the bleeding edge. Experimenting, building and innovating in the Web3 space.
With the LEO token economy, we have an interesting dynamic where anyone in the community can instantaneously be incentivized to do any activity that is positive for the LEO Token Economy and LeoFinance project at large.
It's important to understand these dynamics as you dive into LEO as it exists today and imagine the potential it has tomorrow. Many of us who have been on Hive for a while already understand these token dynamics, but many new users will need to learn the value of a distributed upvote and proof of brain-driven token economy!
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.
▶️ 3Speak
Leo markettalk and leoalpha is the great example of the initiative built to make the token value more which I believe that the tokens economy of Leo is is really a great one as the platform is moving good expansion. Good job done boss looking forward for more initiative
I really agree with this because we learn everyday and for we to move to the right path we need genuine resources and information to abide in the community in other to move forward.
Tokenomics is a great idea in the blockchain for users involving in the community but needs for information for those coming in newly
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As an user in the #LeoFinance blockchain, I've witnessed the advantages and innovation of #leo. As I keep learning more day by day, I tend to understand more...
#LeoFinance to the world!
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The tokenized economy for leo is truly a good one has the platform is taking root deeper with the expansion and the initiative built to make the token more value. Leomarkettalk & Leoalpha have truly been great examples. I believe with time more initiative will be generated which will ultimately make Leo a place to be
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Tokenomics is such a clear concept for us old users but it is actually extremely complex to explain to new users.
Leopedia is a fundamental database in this sense
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Leo tokenomics is not that much tough to understand for hive users but for new users it's certainly a bit complex. I think leopedia is the portal that can help the new users to understand it well and once they understand then they are going to enjoy the benefits.
It is intresting to see how leo is flourished and evolved as one of the major front end for #Hive. The development is significant and LEO token is the back bone. Already targeted to stake LEO in 2022 as much as possible and been started journey with 500 LEO power up....hope with 2022 leofinance growth I also managed to raise my stake in LEO with more LEO token.
Indeed leofinance has been contributing well through experiment and innovations in hive ecosystem and I am expecting a lot of it. You have shared some upcoming updates recently and I look forward to having them live soon. With leofinance web 3.0 is going to be so much fun.
Leo finance is truly one of the best thing on hive and that’s why I go all in buying so much leo. I believe the team and I hope 2022 will be better than 2021
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Fantastic work team, let's drive Leo to the moon!
What gives me the most confidence is how much LEO has innovated and changed over time. The expansion keeps happening while not being afraid to change the old ways like how everything was changed with CUB.
I know that I don't have to keep hunting for the next OHM when @leofinance team is surely going to create that for us in the future.
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As LEO expands across multiple blockchains it simply strengthens its position and provides more value. The use cases for LEO simple never stop...
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I think this is very neccessary because of how dynamic Leo finance look like... And more kudos to the great work well done in the community
Token economy is a great and wonderful idea which is really helpful.
If I wasn’t told expansion was the goal last year,I would have still known because I noticed how LeoFinance truly expanded her project by experimenting and implementing web3 feature for incentives lovers.
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So true, there are plenty of ways to get rewarded on leofinance and I truly believe that there is a way for everyone to start earning here. Even if financial/crypto topics aren't your speciality, you could still share your personal experiences/journey to learn more and get rewarded for sharing it.
Or you could read articles that might teach you something or that you find interesting and then leave comments. The engagement is always appreciated here. Engagement may be even more important. So I truly hope that in a few years from now, the Leoverse is something discussed in schools under teenage kids and college students.
Instead of them sharing their FB/Twitter/IG they share their Leofinance profiles. :)
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It's so great to hear this. Experimentation is what it's all about at this phase. We have no idea what Web3 could become in the next few years and evolving like this is how we stay at the forefront as more and more chains start to realize the potential.
I'm always baffled when people think Web3 offers no new value. We own our content here and have ways to incentivize growth and good behavior!
and, that's what kept me dedicated to Leo platform/s ... non-stopping and non-get-satisfied attitude at any stage.
It might take some time but, ultimately, Leo will be there on the top of cryptocurrency based projects with every aspect.
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Tokenomics is definitely the way right now and I think the Old user's wil definitely understand this bet than the New ones
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