Hey Cryptolovers!
I assume I'm not the first one to have this thought, but I've long wondered why DeFi projects are using Medium as the source for news instead of a chain supported platform like Hive. The community here is well versed in Cryptocurrencies, Finance, and the future of the space and would welcome this with open arms. But perhaps even the bigger advantage would be the use of the reward system and integration of rewards into the DAO treasury.
Over the past month I have been fortunate to have been invited onto the dev team of two separate DeFi projects and I am pushing hard to have the teams use Leo/Hive as the source of updates for investors. I sat down yesterday to flesh out some of the strong arguments for this case, the obvious being the strength and sophistication of the community already here, but it was when I arrived at the rewards that I started to think of the possibilities. Much like on Hive, most DAOs have a treasury by which they are able to deploy the funds for various use cases as determined by the DAO. The balance of the treasury in most cases either comes from a pre-determined amount of "locked" tokens at launch, or the generation of stable coins similar to HBD. These funds are usually spent marketing investments, enhancing infrastructure or launching new products. As a member of a DAO, you will be asked to vote on the use case for these funds, but rarely do you think about the possibility of generating more, especially through passive income like something as simple as posting your news and updates.
IF we here on LEO / HIVE can start convincing other DAO communities to bring their news and updates here, to have their followers interact with their posts, and help them generate rewards by which they can restock their treasuries, it is a win for all. For example, the community account could choose to take the stable coin generated as rewards and sweep them into their accounts. This could then be used in a myriad of different ways: creating buy pressure for their own tokens to drive the price, investing in marketing campaigns or community actions, distributing rewards to DAO members, or funding the launch of new products. In a dream scenario, as developers of other DeFi projects start to see the advantages, we could see greater integration of other tokens here into the Hive ecosystem. The advantages of the frictionless transactions, dapps and community here are likely to be attractive to most developers who struggle with the sluggish Ethereum network.
As a member of the community here, this would be an added strength, for we could drive more interest here from people passionate about crypto and investing. They would be likely to create accounts, invest in HIVE/LEO to power up and then help drive rewards into the treasury. I would like to propose that members of the community come together and outline a series of arguments that can be made to different DAOs and DeFi developers. We should make it easy and simple for them, clearly outlining the advantages of maintaining a presence here and encouraging their community to interact with their content. Ultimately we are in a fight for the future of decentralized social media, and as a Hive maximalist, I believe that we must be proactive in attracting talent and other projects here.
Thus, if you have any thoughts on how we can build a strong argument - outline our points in a short presentation and then begin an outreach to all of the developers and DAOs within reach, I would be happy to hear from you. Also, if you know others in the community who are already doing such a thing, I would be delighted to connect with them and give my support in whatever capacity I can.
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I think Twitter & Clubhouse is HIVE's best friend to do this
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Love the work you are doing on Twitter homie. Would be happy to organize a clubhouse or twitter discussion to iron out some of these thoughts.
Definitely!
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Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 18 comments and talked to 15 different authors .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.
For me the benefits are obvious to these developers to use hive as a source of information and promotion. Especially with @financeleo looking so much more attractive now it can give new start ups a great launch pad.
We have the majority of the top tech firms worldwide based in our tiny little country for a variety of reasons. A lot of the reasons would be the same for crypto based projects to use hive as a home base for their communication.
Knowledgeable and active community. We have a solid base of people familiar with a lot of the concepts being talked about which can be a huge milestone to adoption for people coming in cold to a new project. It is much easier and cost efficient to grow something new from a stable base rather than build a new base from scratch.
Rewards for using the site. These might not be huge but if a group uses leo or hive to post regular updates and information on the project they will earn rewards for doing so. These rewards can be used to incentivize more interaction without costing them anything other than time.
The power of community.
On the hive blockchain they can create a whole new community around their project and use their rewards to build a network effect for that project. Offer incentives/ votes for people asking questions or giving feedback. Create contests for people to produce marketing material of content about their project. Look at what the leo community has done with the RUNE token. Half the people here have bought it from the information posted to the site by our hive community.
-The chain itself.
Hive is fast, free and immutable for storage of content. They can create a permanent portfolio of content without fear of being deleted overnight or losing all of the time and effort that they have put in so far. There account and community is theirs to utilize and not some corporation that could decide to erase the content in one single go.
-Room to expand.
While they might join hive to promote their token and piggy-back of community support. For anybody paying attention, they will find out that hive can do it all and do it better than the other chains. They can create communities, tribes, games, defi, nft offerings almost anything that you could think of if they wanted to expand their brand and project into new and diverse blockchain areas. Fast and free is going to play a huge part in the crypto landscape over the next couple of years as other chains get stuck in huge fees and unusable systems.
-The actual community.
We are a great bunch of people who want to help others grow and bring them into the system. This is decentralization at it's finest as we will all help any new projects to survive and grow within HIVE. We have had to do it the hard way and have been doing it by ourselves so would love to see some big teams come in to boost our profile. We want to see them here and will engage with them which will be a lot more powerful than medium ar any other existing site that is out there right now.
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This is an excellent response. Thank you. I agree completely on all points.
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