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RE: What is going to drive demand for HIVE?

in LeoFinance4 years ago

Some ideas. Generally anything which ties through the value in the underlying SMT to Hive at the top level.

  • Burning fees in Hive:
    SMT creation fees (paid by community creating the SMT) to be paid in Hive and burned. Possibly an annual fee or different fees for different SMT functionality.

  • Trade fees in Hive:
    DEX set up for all SMTs with very small trade fee (0.05%?) which is paid for in Hive and burned (like BNB coin).

  • Make airdrops for Hive holders popular:
    Encourage new SMTs to airdrop coins to Hive holders. The balance between attracting interest and rekting your own coin is difficult but as SMTs become more successful / competitive this could start to be a more used option.
    If there were a long-term lock in option with SMTs this could protect the airdropped SMT from being sold for an introductory period.

  • Game item airdrops:
    Similarly new games could airdrop introductory items by Hive level.

  • Lottery functionality:
    Pay out any Hive Power interest as lottery prizes rather than the small interest rate currently applied (which most people probably don't even notice).

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I like every single one of these. My question is, what would compel people to airdrop their coin on HIVE holders vs say airdropping them on another coin's holders? For example LEO airdropped on PAL holders instead of HIVE holders...

I think the price of Hive going up is likely to be more beneficial to the underlying SMT than the price of PAL (or other SMTs). Simply because Hive is out there in the marketplace and is the gateway / entrance point for attracting more users to the whole chain.

A periodical (quarterly / half-yearly?) organised airdrop of SMTs / items to Hive holders could be great marketing for Hive with the involved SMTs sponsoring / piggybacking the event and all promoted by Hive's "marketing machine".

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Which was a huge mistake btw...