Hello readers,
If you are interacting on hive at least for some time By now, you must be a user of the Inleo platform as well. Inleo previously known as Leofinance is one of the largest communities in Hive blockchain that have a dedicated front end built on Hive chain and offer a platform for both short and long format social media content. While the Leofinance in the past was more focused in inly financial and economic related content and relied on long form articles, the newly made Inleo has come with a fully Web3 short form content platform just like twitter where anyone can interact with any niche from crypto to global economy, finance and money, photography and art, sports and quiz etc and start interacting with their like minded people. Not only that, Inleo being one of a kind social media platform that gives you a chance to earn money in form of crypto for your contribution and interaction in both of their platforms where you may earn Hive, HBD and Leo tokens as rewards on your short and long format posts. Even when the short form platform called LeoThreads has launched only a couple of months earlier, its already being loved by thousands of users already.
The Threads has a constant overwhelming traffic from users coming from around the world and no one will feel alone there as from my personal experience. I also share little things in my daily life and my achievements in this crypto journey in this platform and have made some new friends that share similar interests. So overall, the InLeo is a very easy place hang out and live your daily online social life while earning a decent bucks for your valuable contribution to the community. The developers behind this big running project are literally tech wizards, as not only they have been running a crowded social media platform for months after months, but they are also bringing new and useful updates and UI enhancements every now and then that the talk about this topic never gets bored. They have literally made this thread platform (for small twitter like format content) as powerful as twitter where you can not only share words or sentences but can share video, Gifs, Emoji's, ability to use markdown, Highlight feature and many more. The tag and trending system also works like a charm and you will never miss an important event while being online in INLEO.
One such change that recently got launched in the Inleo platform that I am going to talk about now is the LeoAds. LeoAds is a revenue Distribution system introduced by the official inleo team that will incentivise Leo users based in their active Leo stake. This was a long awaited update and the work from the Leo team behind making this update possible is really worth praising. It just got launched about 1 day ago and distributed it’s first batch of Leo in staked form to the Leo stakeholders based in their staked amount. So right now, the Leo stakers gets a new opportunity to earn more revenue for their investment in Leo token and they also get a decent amount of staked Leo just like me if anyone has at least 500 staked Leo or above. This is also considered as a good source to increase one’s Leo staked amount even more rapidly over time.
What is LeoAds?
InLeo platform launched a new protocol named LeoAds which will use the fund generated through running Ads in the Inleo Platform to buy Leo tokens directly from market and distribute a certain amount periodically to Leo take owners based on their staked amount. When any Ad is viewed or Clicked by the user while using the Inleo platform, it will earn the platform some money that revenue will be used to buy Leo from market and distribute to Stakeholders. I think its a great achievement for Inleo as first of all, they has successfully made a way to make money constantly outside of the hive chain and secondly, they are even more wiser to distribute it back to loyal users of InLeo who have invested and accumulated Leo tokens and kept also golding with them.
Check Transactions Here!
Anyways, All The interactions regarding the LeoAds will be transacted by the @leoads account in hive. As per distribution rule of LeoAds rewards, everyone who is an active user of the Inleo platform is eligible for the LeoAds rewards but the reward amount will be directly proportional to their staked Leo amount. This is a such additional great chance for Inleo users to now earn even more Leo snd strengthen their influence and voting power in the platform and also earning more that before. However, a Minimum a 500 staked Leo is required for anyone to start receiving LeoAds rewards.
As you can see, I am an active user of this platform and also have a total stake of 10,xxx Leo in my account. So when the first LeoAds rewards got distributed, I also received a decent chunk of the cake and find out that I got 39.225 staked Leo in my acc for my total staked Leo amount. I really got haply as it was an unexpected event and now will prepare myself to increase my stake even faster over time to catch more of this LeoAds reward.