How To Earn LEO on The Hive Blockchain

With LPUD (LEO Power Up Day) coming soon on the 15th of each month I wanted to run through some ways you can start earning more LEO and how to make it work for you. This article is going to be lengthy and have references to other articles if you wish to drill down in more detail for them.

The list is in no particular order but personally for myself I've used and constantly use/do all of them.

Using Hive Power

One of the most effective and easiest ways to start building LEO is to delegate some of your powered up hive to account @leo.voter this account pays out LEO from the Hive earnings it generates. At the moment my 10k hive delegation earns me roughly 30 LEO daily. Of course when hives price was double or triple this and LEO was still at $0.05 that amount was 60-90LEO a day. It all depends on the price difference between Hive and LEO each day. Still a great easy and passive way to build LEO tokens. Note: I highly recommend you leave at least 100 Hive in your account powered up so you can continue to comment, post etc as you want on the hive blockchain.

Go Buy Some

If you have extra funds Leodex.io is a great place to convert some other layer 2 tokens of hive into LEO tokens and be staked. You can also use CubDefi for binance smart chain and get bleo which can be converted to hive LEO via wleo.io or PolyCub for the Polygon network which you can buy pLEO and convert it to LEO on hive at wleo.io

Engagement

Engagement is CRITICAL I can't say that enough. But quality engagement. Just like you want someone to read and interact with your posts you need to be doing the same for others. That does not mean going around spamming great post or thank you dear and that spammy BS that's going to get you flagged, muted and blocked. Instead take a little time to craft up a good comment to someone's post. Ask a question related to what they posted, give your two cents etc. While you might not get a vote on every comment you leave there's a good chance you might. Not only that but it's a great way to get others to come interact with your own content and follow you over time.

The above applies to both commenting on long form articles as well as threads which is a new feature of LeoFinance to be a twitter like feed.

Mine LEO

Yes, it's possible to mine LEO tokens through two other layer 2 tokens on the hive blockchain. Those tokens are called LEOM and LEOMM where LEOMM is 4x more powerful then LEOM. These tokens have a random chance of "mining" fresh LEO tokens and stack over time. They wont earn you a lot at first but over years of owning them they should stack up to a decent amount of passivly earned LEO.

Staking Rewards (Curation)

Currently there are zero staking rewards for LEO. Staking instead rewards you though curation. By curating others content on the LeoFinance.io front end. This currently comes out to be somewhere around 10%-20% APR and is paid out to you after the curated payout window for that content. Later a staking reward very well might kick in which will be a buy back program from ads and other fees that LeoFinance generates. This will go back to those staking LEO in the form of more LEO tokens that are bought from those smart contracts.

DEFI

While you can't earn LEO directly from this method you could take the earnings from DeFi on platforms like CubDefi and PolyCub. The tokens you earn from these platforms could be swapped into LEO which could then be added into Hive and powered up. If you have a decent amount of hive, HBD, Binance tokens or Polygon tokens you might be able to earn a decent amount of LEO in this method.

What's really awesome about LEO is I'm sure there will become even more options and use cases for the token rolling into 2023. For myself I'm a pretty heavy investor and holder but of course I always want more!

*This article is for entertainment purposes only and is not financial advice.

Posted Using LeoFinance ^Beta