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I've Lost All My Power In Just One Snap!

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Avatar for Jane
Written by   1552
7 months ago

March 26, 2021

You might be confused about the title but I don't have any supernatural power. However, there is a place where you can have power in which you can share with others. Unfortunately, I was just so careless not to read the FAQ before exploring the place and interacting with other users. I thought it was like Publish0x or noise.cash that I can give tips to others while receiving a small portion for myself.

And again, you might be wondering what I am talking about here.

Have you heard about Leo? It's a boy name of the course and you might have a friend named Leo too. But I'm not referring to a man, I am talking about LeoFinance. And for sure, you have heard about it. But if not, then visit this link and take a look at it. https://leofinance.io/@jane1289.

Just four days ago, I was inspired to register on this platform as I saw something good while exploring the platform. And I thought it would help me diversify my crypto portfolio, so I gave it a try. There are options on how to register on LeoFinance, either you register using your Hive account, metamask, or Twitter. I thought those three were the only options so I registered on Hive first then connect it to LeoFinance.

Even registering on Hive was a struggle because it took me multiple tries before I successfully connect my HIVE account to LeoFinance. Maybe it was easier using a desktop, or maybe I was just doing the wrong way. Because some users like @Yen successfully registered in just one try via LeoFinance itself. Well, I did not really saw that option that's why I used Hive.

During my first exploration on the platform, I just did what I thought was right, I tried to get along with other users while exploring the feed, and reading articles. I saw my power was 100% so I gave some to others without thinking about the consequences of my actions. I commented and interacted with other users and upvoted their articles and replies. Just like what I have been doing on read.cash, noise.cash, and Publish0x.

The executive board even welcomed me and gave me some HIVE, small enough to start my journey.

Then two days ago, I have posted my introductory article and when I checked it just after a few hours, I saw it already gained multiple upvotes and tips and received welcome comments from other users.

Having $10+ tips in just one article and positive comments was motivating. And within that day I have received 7 badges in total, which was a good start.

Until the moment came that I cannot reply, comment, upvote, post articles, and follow other users anymore.

And that is when I found out that every upvote you give to others is a deduction to your own power, the LEO and HIVE Power. I have given all my powers in just one day and lost my opportunity to earn more power in my first 7 days of staying there.

Why am I even sharing this with you? In case you want to join LeoFinance, you should know what are the right things to do.

Let's stop beating round the bush and tackle about LeoFinance and its Powers.

image link

What Is LeoFinance?

LeoFinance is an online community centered around the topics of finance and crypto. Users can create blogs and even upload videos where content is stored on a decentralized blockchain which cannot be censored, unlike other platforms.

What kind of content can a user post on LeoFinance?

Users can write anything related to finance and cryptocurrencies. The contents are being curated by a team of curators and active community members watching the new posts feed for great content.

Here are some of the most common articles you can see on LeoFinance:

  • Cryptocurrencies

  • Hive and LeoFinance

  • Defi and Stock Market

  • Technical Analysis

  • Economics and Tokenomics

  • Fundamental Analysis

  • Research Reports on Stocks/Cryptocurrencies

  • Videos About Crypto and Equities

  • Crypto Podcasts and Financial Tutorials

  • And more..

In case you will ask, can you repost your read.cash article on LeoFinance?

Yes and No.

Yes because some users have able to repost their articles from read.cash. No, because some articles did not appear after they have been published which I guess the curators did not allow them to be reposted on LeoFinance.

This is just based on my observations as I have tried to repost some of my crypto-related articles from read.cash to LeoFinance. The articles did not appear on my blog section but @Laurenceee has able to repost some of his articles on LeoFinance. Curators might don't allow duplicate articles related to cryptocurrencies and they make sure that contents are originally posted on LeoFinance. Some non-crypto-related articles are allowed (like @Laurenceee reposts) and I guess it is just based on the curator's decision.

What can users earn in creating blog posts on LeoFinance?

Users of the platform can earn LEO tokens for uploading posts, commenting on other posts, and curating content. They can also stake their LEO tokens and the more LEO stake users have, the more power they can get on the platform.

What are LEO Tokens?

The LEO token is described to be an ERC20-bridge to the main chain token (LEO) on the Hive blockchain. It is a community-operated utility token used to distribute newly minted LEO, and allow users to trade, purchase digital products, and more all over the world.

LeoFinance currently operates four websites that leverage the LEO token and the Hive blockchain:

  1. leofinance.io — a social media interface for content creators in the financial niche

  2. hivestats.io – an application for tracking & analyzing Hive blockchain account statistics

  3. leopedia.io – an open library to educate the world about crypto

  4. dex.leofinance.io — a decentralized exchange for Hive-based tokens. More Info

  5. Updated Version of LeoShop is Still Under Development (Migration from Steem to Hive) — a decentralized marketplace for digital products. More Info

I have mentioned HIVE above, how is it connected to LeoFinance?

image link

HIVE is a decentralized blockchain network on which LeoFinance is built and what makes LeoFinance possible. HIVE is the base layer protocol of LeoFinance capable of handling fast, free, and trustless transactions similar to what the internet does to any website.

What is the LEO token price based on?

The LEO token operates on an open market and the price fluctuates at random. It is being traded by traders from all over the world at various prices. And the main purpose of LEO token adoption is to increase LeoFinance users, to promote the LeoShop marketplace, to leverage the LeoDex trading interface, and to utilize the increasing number of applications such as Hivestats and LeoPedia.

The latest trends and price of the LEO token can be tracked on the Leodex at http://dex.leofinance.io/market/LEO.

The account you have created on LeoFinance is the same as your account on LeoDex or Splinterlands (a Hive-based gaming application), etc. For more information about creating an account on LeoFinance, you can visit this link https://leopedia.io/onboard.

How to spend the cryptocurrencies you have earned on LeoFinance?

You can trade LEO on Leodex into the base fare of HIVE. Everything you do on LeoFinance can be translated into earning HIVE or anything that can be converted into HIVE. The HIVEs you've got can then be withdrawn onto exchanges like Bittrex and Binance and just convert them into your preferred cryptocurrencies like BCH, ETH, BTC, etc.

How does token reward works?

Every blog posted on LeoFinance is eligible for LEO rewards as well as HIVE rewards. The rewards came from the "rewards pool" that is currently up for grab for content created on the HIVE blockchain. The LEO and HIVE rewards operate on "Proof of Brain" that works similarly to the principle of "Proof of Work" on the Bitcoin blockchain. But on the HIVE blockchain, you are not using a computer to mine tokens, rather, you are using your "Brain" to create quality content that may lead to earning upvotes from other users.

Once you receive upvotes from other users, it signals to the blockchain and a certain user may think that the post deserves a reward from the rewards pool. These rules are applicable in earning both HIVE and LEO rewards.

So when you post on https://leofinance.io/, you are choosing to earn rewards from both HIVE and LEO rewards pool. And when other authors upvoted your post, you will receive both LEO and HIVE rewards from both token pools.

How much is an upvote worth?

HIVE AND LEO operate on the same principle as "Proof of Stake." The more stake you have, the more your upvote is worth. When you stake your tokens, that means your tokens are vested or "locked up" in your account.

The unstaking period of the LEO token is 28 days and 13 weeks for HIVE, to get 100% of your stake back. The stake for LEO is paid back in 1/4 chucks for 4 weeks, and the stake of HIVE is paid back in 1/13 chucks for 13 weeks.

For example,

  • You unstake 1000 LEO, which means you will receive 250 LEO weekly over 4 weeks.

  • If you unstake 1000 HIVE, then you will receive ~77 HIVE weekly for the next 13 weeks.

You have lost all your power, how to get LEO power and HIVE power?

This is what had happened to me as I spent all my power in just 1 day. So for those who want to register on LeoFinance, as per @Sajib advice, do not give upvotes higher than 25%. The LEO power can be recharged but if you used up all, it might take a longer period before you can recharge your LP. And to get more power in your first 7 days, it is advisable to post blogs related to cryptocurrencies and finance because most users and curators are upvoting those kinds of articles.

After 7 days, your earnings will appear on your wallet that can be converted to LEO power. So in my case, I need to wait 2 more days before I can convert my earnings to LEO power and start posting blogs again. But if you can't wait for 7 days, you can buy HIVE power on your HIVE account that can also be used in posting blogs on your LeoFinance account.

As I explore the two platforms, I have learned some things that are recommended to do during the first 7 days to gain more power, increase your ranking, and get a chance to have curator rewards. You can go to this link, enter your username, and check the "Tour" tab. https://hivebuzz.m. Or simply click the badge beside your profile photo on your HIVE account to check your rewards and your status.

The sets of activities are listed on there which you might want to perform to receive more achievement rewards.

For the new users of LeoFinance, have you seen that reputation score beside your profile photo?

The default reputation score for newbies is 25. Every upvote and comment on your post increases your reputation. If the user has more reputation score, the higher the effect. But if other users downvoted your posts, it will decrease your reputation score. Sometimes, the reputation score is the basis for other users to choose which article to read, because they know that if your reputation score is high, the effect of your power is high as well.

So here's a hint, some users with high reputations are upvoting comments, so you may want to comment on their posts to get a chance to increase your reputation too. Just like what I did on my first day. I commented on this post and the author has a 51 reputation score. I've got an upvote from him which increases my reputation score.

Some of the commenters on my first post have higher reputation scores as well, so in just one day, I've got a 45 reputation score.

Also, make sure that your posts and comments are not considered spam or plagiarized as it will have an impact on your reputation.

Take note: If your reputation goes down below 0, your comments and posts will be hidden and it will be too difficult for you to gain monetary rewards and followers.

To know more about HIVE FAQs, you can visit this link: https://hive.blog/faq.html.

And for more LEO FAQs, visit this link: https://leopedia.io/faq/

If you want to follow me on LeoFinance, just visit this link: https://leofinance.io/@jane1289

Thanks for reading @Jane

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Avatar for Jane
Written by   1552
7 months ago
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Comments

Now I'm starting to rethink joining leofinance if I'll need to focus on crypto and finance

$ 0.05
6 months ago

Pwd k magpost sa hive . non crypto articles..

$ 0.00
6 months ago

Parang kailangan talaga yata interaction sa mga worth it na users ang mangyari ano ate? Para yung power worth it din yung bawas hehe. Mga ilang days po bago mag-recharge yung power?

$ 0.05
7 months ago

D ko alam.. Matagal kog naubos lahat. Kya better not to use all your power

$ 0.00
7 months ago

Try ko dyan ate kapag may time ako hehe

$ 0.00
7 months ago

I gave up on LeoFinance because of the crypto only post thing. I just thought it was another frontend for Hive/Steem like PeakD or Ecency (which I use). I got told off by someone because I was posting non-crypto posts.

Beginning on the Hive network can be slow and tedious but it is worth it when you really get going and get followers. For instance I made a post yesterday called "The Weekend". On Publish0x I made $0.06. On read.cash it's made $0. But on Hive it's made $1.71. I'm not hugely active but if you write the right thing you can do well.

Give it time and your power will rise to a point where giving will workout. But it's not Publish0x's level of give and receive at all.

$ 0.05
7 months ago

I've noticed that hive also accepts non crypto related articles.. Maybe i will repost some of my articles there once I have my power recharged..

$ 0.00
7 months ago

I think it ends up that you can do one post each week until your level increases at which point you can post as often as you like.

$ 0.00
6 months ago

Excellent! I liked your article where you describe in detail your first experience in the Hive ecosystem. If you are registered with Leofinance, you can also access other Dapps with your account. For example, go to https://hive.blog/@jane1289. There you can write in other communities that are not necessary in the financial world. Sure, the advantage of writing in the Leo theme is that you receive two types of crypto: Leo and Hive.

Successes on your journey. On noise.cash there are chambers with members of those communities. I recommend you take a walk around here.

Each platform has its charms.

$ 0.05
7 months ago

Thank you.yeah I know that.. But I prefered to post on Leofinance.. Btw, do you have acct there?

$ 0.00
7 months ago

Thank you.yeah I know that.. But I prefered to post on Leofinance.. Btw, do you have acct there?

Yes!!! I am Janaveda in Hive since 2019

$ 0.00
7 months ago

Thanks.. I'll look for you there

$ 0.00
6 months ago

Nice summary. I looked at Leo a couple of months ago and found it hard to get started. No that I read your summary, this impression was right. 😅

It is definitely impressive how much you earned with your first article there. 👍

$ 0.05
7 months ago

Yeah Im lucky to get multiple upvotes.. Btw, i've noticed that you're not active for a month, where have you been? 😅

$ 0.00
7 months ago

Yes, that's true. I'm happy that someone noticed my absence at least 😅

A couple of things came together: I was super busy with a pretty stupid project that I have unfortunately committed to and which turned out to be a lot more of a waste of my time than I ever imagined. And I went on a pretty terrible date that messed up my motivation to blog. 🙈

$ 0.00
6 months ago

Some simple intro there gained $40+. It all depends on the curator's thing.. If they don't like your content boom you got zero 😂😂

$ 0.05
7 months ago

Kya nga. Swrtehan lng dn 🤣

$ 0.00
7 months ago

Ang galing .. may natutunan n naman ako

$ 0.00
7 months ago

I wated to read more about leo im curious also because i always see it in noise cash but Still i meed more knowledge ti fully understand get it🤗

$ 0.00
7 months ago

Hi thanks for sharing. Always found your articles so informative and detailed. Keep it up my friend

$ 0.00
7 months ago

I lost my power too. Kailan ba ma recharge yun para makapag post ulit?

So need talaga natin mag post nang crypto topics na don lang yung sakin may comments eh na copy paste kase nga galing na yun dito sa read.cash tapos sa P0x pa 😂

$ 0.00
7 months ago

Hndi nga ko mkapost. Nagrerechage dya paunti unti m not enough to make a post.. Pwd mo ata maconvert earnings mo since matagal kna sa hive. try mo

$ 0.00
7 months ago

Wew! sana all nlng ako dito nagno.nosebleed n ako sa mga cryto terms tlaga leo might not be for me. Hopefully in the future.

$ 0.05
7 months ago

Xmprr. Matutunan mo rn yan

$ 0.00
7 months ago

Wow thank you dito dami ko natutunan. I think this is the sign to do stuffs on leo. Yun din naisip ko eh baka di inaapprove ng curators yung posts ko so baka need ko magsulat ng iba haha

$ 0.05
7 months ago

Gusto tlga nla bout crypto and finance. At dapat orig

$ 0.00
7 months ago

I am not able to connect my twitter account!!Can you help??

$ 0.00
7 months ago

S done😘😘😘👍

$ 0.00
7 months ago

Ang galing. Dami ko natutunan sa article na Ito. Medyo di padin ako familiar sa Leo pero inaaral ko haha

$ 0.03
User's avatar Yen
7 months ago

Me too.. Buti may LP kna d parn narerecharge yung sakn

$ 0.00
7 months ago

awesome

$ 0.00
7 months ago

I struggled at the beginning as well... struggling now sometimes

$ 0.05
7 months ago

Do you have 2 accts there? I searched yourname but the profile was empty

$ 0.00
7 months ago
$ 0.00
7 months ago

Thanks I'll check it

$ 0.00
7 months ago