What's New: LeoAds 1st Distribution, LeoPremium, Keychain 3.0 Beta & Swap Fees
Whoa, it's Friday! Where did the week go?
Meanwhile, good things are happening on-chain and I think they are worth mentioning for those who may have been out of the loop.
1️⃣ LeoAds First Distribution
I guess by now, most of us have already known or heard about the LeoAds Protocol by INLEO which aims to distribute a portion of the ad revenue to Leo Power holders. If you do not, where the hell have you been?
Joking aside, the first distribution finally rolled out yesterday (18th January) to LEO Stakeholders. It did a test transaction hours before and then bam! It started sending out (staking LEO) to eligible accounts.
After the delay (it was supposed to happen on January 1st), it never occurred to me that it was going to come out as a surprise, but it did. It's a great one to wake up to. I got mine on both accounts and I'm just glad to have kept building them, albeit slowly.
Perhaps as more people use the INLEO interface, more revenue will be generated which of course translates to more LEO getting staked to our accounts.
The next distribution per Khal's thread will occur on the 1st of February and will subsequently pay out every 1st of each month. That means Leo Power holders will be receiving their share of the ad revenues in the form of staked LEO once every month.
At least we know when to check our wallets, lol!
This is a great step and hopefully will encourage more to grow and build along with the community.
2️⃣ LeoPremium
Paying 10HBD makes you a Premium user on INLEO which gives you some edge over a regular user apart from the checkmark next to your username.
Perks
Includes getting prioritized in the "For You" feeds; editing threads after you posted them; adding Bold, Italic, and other "Markdown Styling" to your threads; publishing longer threads; bookmark folders & organization; and more theme options.
There are other upcoming features like NFT PFP, Auto-AI Summarize Blog Posts to Threadstorms, Favorites Menu, Pinned Threads, and Advanced User Dashboard. Not sure how soon these will roll out though.
Leo.voter Support
Premium users get increased support in the form of @leo.voter curation (upvotes) for their content (note: they need to be posted through the INLEO front end and meet the minimum content quality standard). From what I read, a dashboard where we will be able to track our earnings is being built.
Benefits to Hive and Leo
While I am only mentioning the perks to a Premium user, there are other benefits that LeoPremium can do for Hive and LEO. At least that's what I understood.
One is building the liquidity of both tokens (HIVE and LEO) off-chain on BSC. How? 100% of the payments from Premium subscriptions are used to buy LEO and HIVE, and permanently added to the bHive-bLEO LP on CubDeFi. That means several things (LEO and HIVE being bought off the market; HIVE and LEO's liquidity will increase as more are locked up in the LP which will consequently facilitate trading activities on PCS. People will be able to trade LEO and HIVE there instead of just doing it onchain or on CEX).
I think being Premium is a win-win. You get added benefits, you help the ecosystem too. The more LeoPremium subscriptions, the better impact it will have for HIVE and LEO in the longer run.
Well, these are just some of the things that can happen but I believe there are more (beyond my understanding at this point).
You can read further on Khal's My Vision for LeoPremium.
3️⃣ Keychain 3.0 Beta
The developers of the Keychain app have introduced an upgrade to the application (browser extension) but it's still in Beta and they are calling our attention to test it out, break it and report any bugs or issues.
So what's new to this version?
Dark theme added
Main assets (HIVE, HP, HBD) and HE tokens are now viewable on the wallet's main window/page.
Can drag accounts to rearrange them
There's a menu for Hive DApps, although it's rather disappointing that among the 8 frontends included, INLEO is nowhere in it. Come on @keychain.
The Android and iOS versions of the Keychain 3.0 Beta are still in the works and we can expect them in the next few months.
🔜 Keychain Swap Fees
Note that starting on the 22nd of January, Keychain will charge a 0.75% fee for all swaps processed using the Keychain Swap. They mention it is a way for them to generate revenue so they don't rely too much on the DHF.
Check this post for further details and information.
Summing Up
These 3 are what I learned today so I decided to share them purposely with those who may have missed them because I know based on experience that no matter how much time we spend here, chances are we still miss things.
By the way, if you are writing good content and yet struggling to get support (curation), I would recommend checking out the LeoPremium, it might help.
Lead image created on Canva. Logos from Hive.io, InLeo & Keychain. Screenshots linked to their sources. 19012024/18:55ph
Posted Using InLeo Alpha
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BEER.Hey @ifarmgirl, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Advertising 😔
Yes. Users with Leo Power share from the revenues generated from the ads on the UI.
I think advertising is a bad idea, regardless of how the income from their deployment is shared
That's an interesting take. Isn't it that advertising is where companies like YT, Google, etc earn revenues?
Yes. Many companies that operate online use advertising as a source of revenue for their operations.
Yes. I think advertising is a big market. Companies use it not only for their operations but to reward their users as well, like in the case of YT.
Yes this is true.
Finally, FG saves the day!
Would you be so kind to explain what "wrapping" means, as well as PCS?
By the way, not sure what Keychain's doing by excludin InLeo, but we'll cut them some slack this time and hope they rectify that.
Thank you :)
Wrapping in this post simply means bridging HIVE and LEO to Binance Smart Chain (HIVE becomes bHIVE and LEO becomes bLEO). I should probably edit that and not use the term wrapping hehe.
PSC is the decentralized exchange PancakeSwap :)
Yes, I don't understand why InLeo was not included on the DApps but hoping it will be there when the updates goes into the production app.
Well, I would not have learned about them from you if I hadn't seen them there. Thank you for explaining!
Haha, yeah. It's how tokens or coins cross to other chains. In the case of HIVE or LEO, they go through the Multi-Token Bridge where they are wrapped (burned or locked away in a digital vault), and the equivalent amount is minted as bHIVE or bLEO.
To unwrap them (send them back to Hive), we need to use the bridge again which burns the bHIVE & bLEO, and then the equivalent amounts are issued in the native HIVE and LEO token (minus the bridge fees)
Not sure if I'm explaining it well, lol!
Oh, but you are explaining it well. Now it makes more sense. Thank you, FG!
Sa Android app ng Hive, luma pa din sa kin.
Wala pa sa mobile version. In 1 month daw ata.
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This has been one of the most trending news on here today
Thanks for sharing with us
You're welcome. Pleasure to share.
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That is interesting. Even though my Leo Power is small, all the best I'm a stakeholder. 😀So, I'll sure get mine.
I read that one needs to have at least 500 Leo Power to be eligible.😉
!PIZZA
Not sure why Keychain stopped supporting InLeo as that was how I used it on my tablet.
Bit frustrating that all DApps don't work together for the benefit of Hive, actually more that frustrating CJ.
Yeah, I was SMH when I found out that InLeo was not included in the list of apps on Keychain. I mean WTF. It's not funny especially that the frontend is one of the busiest in the social side of Hive.
And there is me thinking there was just a problem, so Keychain dropped it?
Not sure if it was intentional that InLeo was out in the social Dapps (only peakd, hive.blog, LikeTu etc). Ecency is not there either. Well, this is just the beta version so let's see if they get added when the updates roll out in the main app.
This is very good news for those who are investing their money in this project believing that they will get some profit.
Want to Know more about Hivepakistan?
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To support HivePakistan, delegate Hive Power to hivepakistan and earn 90% curation reward :)
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Yeah. It's exciting to see how things are going with the LeoAds, not to mention the evergreen rewards when your posts get the minimum number of views. Thank you for your curation😊
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Most welcome dear
Now I am getting super serious and I am now thinking of being the premium members of the Inleo. I hope within some days means within a week I am going to join the party.
!PIZZA
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That's good to hear. All the best to you and I welcome you to the club in advance😅
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This is really amazing to be seeing this types of update getting rolling out
Yes. I'd like to think there are more good things in the horizon.
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @precab and you earned 0.1000 LOH as tips. (4/21 calls)
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STOPTo support your work, I also upvoted your post!
I am loving this amazing development in the INLEO and I believe more will come
Yeah. There will be more for sure and hope we'll be here to witness them.
!PIZZA