I just became a Premium Leo Finance Member and here’s why you should too!
I just became a Premium Leo Finance Member and here’s why you should too!
Leo Finance has introduced a groundbreaking new update LEO Premium Subscription! Becoming a Premium Subscriber offers a host of exclusive features. As a passionate member of the Leo Finance community who has been around pretty much since launch, I didn’t hesitate in becoming a Premium member for just 10 HBD.
The Premium Subscription is well worth the costs as it pays for itself through my regular blogging and upvotes. The funds also go towards adding more Leo and HBD pairs in the pool to increase the cost of Leo token benefiting me and other users again.
It’s like paying yourself! How is that even a thing? Web3 is the future!
What is LEO Premium?
LEO Premium is the latest feature and use case for the LEO Token that expands the hive economy. Developed to provide users with exclusive features while contributing to the growth of the LEO token ecosystem. For a monthly fee of 10 HBD the equivalent of USD10 users gain access to a plethora of features that enhance their Leo Finance experience. These fees are then used to purchase HIVE and LEO on the open market. which are then permanently pooled in a liquidity pool on the Binance Smart Chain (BSC).
I decided to become a Premium member as I was excited about the array of benefits that subscribing to the premium feather entitled me to which include:
Orange checkmark next to your username.Priority in "For You" feeds.Ability to edit threads after posting.Use of bold, italic, and other Markdown styling in your threads.The ability to publish longer threads.Pinning threads.Access to a Favorites menu.Custom lists.Themes.NFT profile picture (PFP).Auto-AI summarization of your long-form posts into Threadstorms. # The Impact on the LEO Token Economy
As more users subscribe to LEO Premium this liquidity pool will continue to grow creating a larger pool and safer liquidity. This growth benefits both LEO and HIVE by increasing trading volume and overall activity in the economy. Liquidity is crucial for building a thriving economy that leverages various decentralized exchanges for trading.
Mainly because rewards from upvotes are paid directly on the Hive blockchain with the Hive Power portion of those votes paying out in HBD. This creates a self sustaining loop.
As Premium users who receive more upvotes can use the HBD earned to renew their subscription further increasing demand for LEO and HIVE.
The Process of Becoming a Premium Member
Becoming a Premium member is a straightforward process and it is an automated mechanism. Users can head to the LEO Premium page on https://inleo.io and choose their payment method.
Premium membership costs 10 HBD per month. When a user subscribes the 10 HBD is sent from their blockchain account to the @leopool blockchain account which is governed by a smart contract.
The @leopool account uses the received HBD to purchase equal quantities of HIVE and LEO from the open market. These tokens are then wrapped on the BSC blockchain and added to the bLEO-bHIVE Liquidity Pool.
The Future is LEO Premium
LEO Premium is constantly evolving and adding new features for its members. The platform is committed to providing a superior user experience through customisation and convenience. Which has been a topic I raised early on with the Leo developers about making ease of use which have become essential to LEO FINANCE.
As of the time of writing, LEO Premium already has over 50 subscribers within just 24 hours of its launch with a goal to reach 200 premium subscribers in its first month of operation. I am happy to be one of the Leo Community members to join this call to action!
So let’s get behind the Leo team and put our HBD on the line and become Leo Premium Subscribers!
P.S. I finally got a tick on my name somewhere on socials! Never thought I would pay for it, but it appears I am a Lion through and through!
image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.
Posted Using InLeo Alpha
This is pretty damn cool! I wish it wasn't so close to HPUD lol. I will have to factor this into my monthly savings amounts! I can afford it but with other goals in mind, I will probably see how it goes for next month. Thanks for the heads up dude!
I thought I would give it a crack, happy to support the chain I use most and the one that has been delivering for me
Wow. It is a nice method toearn more on the blockchain. Currently I don't have an ieda about this. But thanks sir @melbourneswest for sharing this information.
Congratulations to you for being a premium member
I'm very sure that you will enjoy all the service that Leo premium has to offer. That's certain
I must confess, I don't understand liquidity pools. What's the point? You put your money in a pot along with a lot of other people in hopes of gaining additional rewards, but what if it goes south like LUNA/UST?