Exciting news for all social shop owners and shopping enthusiasts! Waivio has rolled out an update that significantly lowers the barrier for publishing product updates on the Hive blockchain. With a remarkable 10X reduction in upvote requirements, it's now easier than ever for users to share and manage extensive product catalogs.
What's New?
Previously, the threshold to upvote object updates on Waivio required a minimum of $0.001 WAIV Power per update. Now, this requirement has been slashed to just $0.0001 per update (Tasks: 6644, 6645). This strategic change is specifically designed to empower social shop owners and merchants by allowing them to publish ten times as many updates about products, businesses, pages, lists, and other objects with the same amount of WAIV Power as before.
Why the Change?
This update was prompted by the increasing demand from social shop owners who are keen to expand their online collections with a broader range of products. Additionally, merchants looking to publish their product catalogs on the Hive blockchain can now do so more frequently and comprehensively. This enables their affiliate partners to more effectively create and manage social shops, leveraging a larger variety of products, engaging larger audiences, and accumulating reviews through Waivio’s open architecture.
Data Import Tools
Waivio continues to streamline the process of blockchain-based catalog management with its efficient Data Import Tools. Merchants can now easily export their product catalogs to a JSON file that complies with Waivio's data schema. This file can be effortlessly uploaded using Waivio’s Data Import tool. For existing products on the blockchain, only changes will be identified and published, ensuring that product details remain accurate across all social shopping websites.
Waivio Chrome Extension
For added convenience, Waivio offers a special Chrome Extension for social shop owners. This tool simplifies the process of uploading product information from major e-commerce platforms like Amazon and Walmart. Users simply navigate to a product page, activate the extension, and the product details are automatically uploaded to the Hive blockchain and integrated into the user’s social shop. This feature is very useful for adding new products as well as for keeping product listings up to date with minimal effort.
The Impact
This reduction in upvote requirements is a strategic move by Waivio to accommodate the growing needs of social shop owners. By facilitating more frequent updates, Waivio enables a vibrant, continually evolving online shopping experience.
Explore the possibilities by checking out some of the vibrant social shops and learn how you can launch your own social shop in just 10 minutes!
Other Updates:
1. Objects / Threads - In addition to reviews, users can post threads on objects. This functions like a local chat about an object, with notifications sent to users following the object (6027, 6028).
2. Profile / Threads - Now, you can send direct messages to users through an open chat on their profiles. Users will receive notifications (6047, 6048).
3. Social.Gifts / Restaurant - Dedicated page for restaurant-type objects on social shopping websites (6420, 6621).
4. Object / Reviews - Now displaying product and business reviews in multiple languages (6482).
5. Social.Gifts / Search - Search results now feature lists on social shopping websites (6559).
6. Social.Gifts / Parent - Removed the Parent field from businesses and restaurants to simplify the reuse of objects across projects (6562).
7. Object / Reviews - When a review is linked to an object through a comment, the author of the post will now accumulate object expertise from subsequent upvotes (6553).
8. Social.Gifts / SEO - Optimize social shopping websites for better search engine indexing (6590, 6594, 6634).
9. Social.Gifts / Languages - Ensure that social shopping interfaces operate effectively across multiple languages (6594, 6596, 6597).
10. Wallet / Reports - Optimize advanced financial reports to manage excessively long account histories (6616, 6617, 6618, 6620, 6626, 6646).
Minor Updates and Bug Fixes:
Tasks: 3878, 4365, 4765, 6003, 6006, 6002, 6152, 6161, 6232, 6257, 6271, 6313, 6314, 6363, 6391, 6399, 6424, 6423, 6410, 6454, 6455, 6463, 6462, 6469, 6470, 6471, 6472, 6473, 6480, 6481, 6483, 6489, 6490, 6478, 6511, 6513, 6514, 6515, 6527, 6529, 6533, 6533, 6539, 6551, 6535, 6573, 6576, 6572, 6589, 6629, 6631,
Waivio is an open-source project. Further information about tasks and development progress can be found on GitHub.
GitHub: https://github.com/Waiviogit/waivio
My account has a special data-admin status, which allowed me to upvote updates with $0.00001 before. Now that all users can enjoy the same privilege, does this mean that the special admin status is no longer in effect?
Certainly not. Data-admin status offers a 10X privilege, reducing your minimum upvote requirements to $0.000001 (1/1000 of a cent instead of 1/100 of a cent for regular users). Essentially, as a data admin, your WAIV Power requirements are now reduced by a factor of ten.
An important detail to note is that Hive Engine's second-layer blockchain allows for the recording of upvotes with a precision of 10,000 fractions. Additionally, Vote Power replenishes at a rate of 20% per day, identical for both WAIV Power and HIVE Power. This implies that to remain within the 20% daily mana recharge rate, one can cast a maximum of 2,000 upvotes before their WAIV mana falls below 80%.
On average, a product includes 20 updates, and each update necessitates an upvote. Does this imply that I am limited to posting only 100 products per day regardless of my account status?
If you can allow mana to go below 80%, say down to 20% you can publish 400 new products in a day, but then it will take 4 days for your WAIV mana to restore to 100%.
Alternatively, you can simultaneously use multiple accounts. With the WAIV Power requirements now tenfold lower, you have the option to delegate 10% to nine other accounts.
Given your account's data-admin status, you require no more than $70 worth of WAIV Power (1,400 WP at current exchange rates). Regarding resource credits, approximately $140 worth of HIVE Power (450 HP) may be necessary.
Regular users will require $700 in WAIV power and $140 in HIVE Power to achieve these maximum performance goals.
That's a piece of cake. Appreciate the enlightenment! 😎