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X (formally Twitter), Medium, Reddit are doubtless some of the top web2 socialmedia applications engaged by millions of users around the world. Each of them serves a unique use case. X for microblogging, Medium for long form content blogging, Reddit for communities. While it is possible to earn money all these apps, the monetization plan favours a select few top users and it costs a fortune to rank among those who can earn tangibly on those platforms.

Asides from Twitter recently rebranded into X, tipped by its CEO to be an everything app with emphasis on financial services, other social media apps are primarily for the fun and engagements , consuming several terabytes of Users' data and time. This negates the rule that "Data is the new oil". All three apps in an Android device consumes about 200 Mega By

LeoFinance premiering on a novel scalable, fast and feeless blockchain - Hive - has become the sensation of the moment in the web3 world as it tangibly transforms into an [all in one app](https://leofinance.io/posts/uyobong/leo-the-unknown-allinone-web3-product) that  seeks to give it's users a deep feel of all usecases of web2 socialmedia applications and beyond.



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In a recent proposal for marketing funding, @leofinance clearly stated the goal of the Dapp to become a killer of major web2 socialmedia applications - X, Medium and Reddit. The functionalities of the three top web2 socialmedia apps are compressed into features in the LeoFinance web decentralized application as follows:
 
- Twitter (X) Killer - Microblogging on-chain: https://leofinance.io/threads


- Medium Killer - Long-Form content for every topic: https://leofinance.io/posts


- Reddit Killer - Community Pages as a Reddit alternative: https://leofinance.io/communities

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On-chain microblogging on LeoFinance is the real catalyst to the growth of the LeoVerse. Growing LeoFinance's Monthly Active Users (MAUs) by 3x was an incredible move in tb month of May 2023. Going deeper, Threads submitted by users earn cryptocurrencies plus ads revenue share based on th view counter of the microblog. 


Earning from long form contents has not been merrier than on LeoFinance. Medium-like long content blogs earn at least three cryptocurrencies - $LEO, $HIVE and $HBD. Authors on LeoFinance also have the possibility of turning their contents to evergreen contents that keeps accumulating beyond the 7-day rewards window of the hive Blockchain.


Community Pages being the Reddit-like feature of LeoFinance helps communities to engage in on-chain conversations on a specific content niche. This gives gives communities the opportunity to host their "general" communication as obtainable in Discord servers on-chain. Users can also earn from these community based conversations while the community can also gamify rewards too. The threads counter coming soon would make community based interactions more meaningful on LeoFinance.

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## There is More...
Beyond serving as a decentralized web3 alternative for X, Reddit and Medium, the LeoFinance web Dapp also has a dedicated section for Finance and Crypto related content (https://leofinance.io/communities/hive-167922) as well as a decentralized, stake-weighted Polls (https://leofinance.io/threads/tag/polls). Users are free to talk about everything money, finance and cryptocurrency and they earn $LEO, $HIVE and $HBD for doing so. Brands and individuals can also leverage decentralized polling on LeoFinance to collect reviews for their products and services.

It is bold to say that decentralized voting is a fresh innovation that has several utility including elections, brand feedback, education research survey and more. There is just more to it and how it can be utilized even on a large scale. Communities can use stake based voting to share resources.


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## Building Value around the $LEO Token

The Design of the LeoFinance economy is to buid value around the LEO token. This would be the next big thing in the crypto markets when the threshold MAUs for LeoFinance has been hit. Imagine combining the X, Reddit and  Medium influence on a digital product market together. That is what The Leo token represent and that new Leo price horizon is near.

Holding Leo Power qualifies a user to share in the deep and rewarding gamifications on LeoVerse and it keeps building more utility for the Leo Token. It would not be wrong top call $LEO the "everything token for social media users in the web3 world.

A single Ads revenue effect on the Leo market as shown above as set the price of the token on an upward spiral. Let's imagine the MAUs going 5x the present stats and all functions of X, Reddit fully maximized on leoFinance.

The future social media  is here on LeoFinance. Don't miss it!


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_If you found the article interesting or helpful, please hit the upvote button, share for visibility to other hive friends to see. More importantly, drop a comment beneath. Thank you!_

### What is LeoFinance?
> [LeoFinance](https://leofinance.io/) is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: [LeoFinance.io](https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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### Let's Connect

**Hive**: https://leofinance.io/@uyobong
**Twitter**: https://twitter.com/Uyobong3
**Discord**: uyobong#5966

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Posted Using [LeoFinance Alpha](https://leofinance.io/@uyobong/leofinance-combines-x-medium-reddit-functions)