INLEO Partners with Dash | A collaboration to reshape Hive

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Hello Readers,

If you are a daily Hive user and interact and post content on this blockchain, then you must have heard about the recent mega collaboration between Inleo and Dash already. This can be a huge leap towards user onboarding because we all know how big Dash blockchain and its community are. In spite of being an old and trusted project, Hive’s user base is not increasing as expected and I think this collaboration may help Hive greatly in this aspect. So in this post, I will be talking about this collab and how it will be helping both blockchain communities. So if you are interested, let's take a dive without any further ado.

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July 3, 2019, was the date when INLEO first emerged as a financial and crypto knowledge niche tribe on Hive and began its journey with a clear objective - to break the barrier and provide seamless access to crypto knowledge and rewards to its users for free. Over the last five years, I have seen this project grow from a small community within Hive blockchain to a dynamic platform with thousands of monthly active users, but it is still lacking the much-needed global brand recognition it needs.

On the other hand, Dash is an old and well-known cryptocurrency giant known for its fast, secure and private transactions. Dash is very popular for its fast 1 second transaction speed and minimal < 0.01$ cost per transaction. Dash has spent over a decade perfecting their digital cash system for practical real-world use, but it lacked a key feature, which is an easy way for users to earn Dash directly.

Now, the collaboration between the projects INLEO and Dash may be a total killer because one project’s need can be fulfilled by the other one and vice versa. If this goes on the right track, it has the potential to revolutionize crypto onboarding by integrating Keystore Signups and enabling cashouts and payments in Dash, thus creating a user-friendly stage for both user engagement and financial empowerment.

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Why This Partnership Matters

This partnership between Dash and Inleo brings together two powerful ecosystems…

DASH’s Strengths - Dash is a well-established blockchain network acts as a payment system for spending Dash globally via instant and secure transactions.
INLEO’s Strengths - An emerging social media platform where users can create content, engage socially and earn crypto rewards seamlessly.

Together, both of them have created a seamless experience for users to sign up, earn and spend Dash and thus, providing financial freedom for the underbanked and unbanked worldwide. Joël Valenzuela, Dash’s Head of Marketing has joined this mission by living completely on crypto. His passion matches perfectly with INLEO’s true goal to empower users globally.

Keystore Signups

One of the most exciting features of this partnership is the launch of Keystore Signups, now live on Inleo.

What is a Keystore Wallet?

Inleo’s latest development, Keystore is a wallet that stores the private keys for cryptocurrencies very securely in a text or JSON file and it bis uilt like a highly encrypted safe for your digital assets. Keystore wallets are both secure and user-friendly. Users can use them both offline for extra security and can also integrate them for daily transactions.

How to Sign Up Using Keystore

You have three options as stated below.

1. Create a New Keystore Wallet:

Choose a unique username.
Set an encryption password to secure your keys.

Save your 24-word backup phrase securely.
Download your Keystore file to a safe location.

Wait for INLEO to create your Hive account (usually under 10 seconds).

2. Use an Existing Keystore Wallet:

Simply upload your existing Keystore file and log in.

3. Recover a Keystore Wallet:

Use your 24-word backup phrase to recover access.

Once signed up, users can then create a profile, set a display name and join Hive communities that match their interests and start interacting and earning. This personalized onboarding process ensures users are instantly connected to their relevant content.

Earning and Spending Dash on INLEO

The second major feature for users out of this new development is the ability to cash out rewards in Dash instantly. INLEO has partnered with the Maya Protocol’s own DEX (Decentralised Exchange) and built the LeoDex platform to make cashouts seamless. Using the Hive Aggregation Technology, rewards can be converted to Dash in real-time, allowing users to…

Earn Dash through content creation and engagement.
Pay for services like Premium Memberships and Creator Subscriptions using Dash.

Enjoy instant, automatic conversions between Dash and other cryptocurrencies on the backend.

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Impact of the Partnership

To my surprise, since the launch of this brand-new integration, already over 1,500 new Hive accounts have been created, with hundreds more joining daily. This exponential growth is further boosted by co-marketing campaigns, press releases and community engagement. Both Dash and INLEO have launched coordinated marketing efforts, including PR releases on platforms like Crypto Daily Co., X Ads, and Brave Ads, with the tagline: “Join INLEO, Earn Dash.”

Supporting New Users

INLEO has implemented a Dynamic Resource Credit (RC) Delegation system (RC is needed to be able to perform transactions for free) to ensure new users can engage fully on this platform. With this upgrade, active users are dynamically allocated more resource credits (RCs), while inactive accounts gradually receive fewer. Currently, INLEO holds over a whopping 3 million HIVE POWER, ensuring enough resources for onboarding new users.