I don't claim to have all the answers. These are just my observations.
First time i got to hear about leofinance was on steem. Honestly, i didn't give it much thought. Most communities i have seen are made up of circle jerks and one thing i hate the most is trying to appeal to a small group of people for upvote(s). I have always placed content over relationships. Secondly, most communities are just upvote farms--posting content for curation. No relationship is built. So basically you post your content in the supposed community and if it is good enough you get upvoted and it ends there. Thirdly, most communities are too broad for their own good and often attract the weakest links.
So what did leofinance do differently?
I think the trick was capitalising on the DeFi craze with the wLeo liquidity pool on uniSwap (which unfortunately got hacked). That was the first time i began to give leofinance some thought. A small group of people already branching out of the hive ecosystem. That was something. A lot was built on top of that. The developing team come up with their unique UI which i consider to be the best within the hive ecosystem. For the first time in a long while i actually found things to read easily. On hive it is a strenuous exercise of filtering through redundant and poorly written posts. So you end getting bored before finding something interesting to read. *leofinance.io *is like a one-page website with all the useful information you need and it is easy to navigate. There is a piece of everything on that one page so you can decide you want to pay attention to. Brillant!
The Leofinance community is relatively small with some of the best hive content creators as community members. It is a niche-based community/platform. Finance is a huge sector that is made up of different industries including the crypto industry. Thus, leofinance is not just a crypto-based community and it has a larger appeal to investors, analyst, etc
Gamification. There are various incentives to keep people playing/engaged. Innovation is at the heart of every initiative. As long as the developers come up with different ways to keep the attention of the community members they will keep playing and here is the beauty of everything: leofinance is always social platform where ideas (good and bad) are in continuous supply. Plus we have some of the best minds here and they are committed to building and sustaining this project.
This might sound controversial but i feel more comfortable holding Leo than hive. Why you may ask? I have come to understand that the smaller the group the easier it is to achieve a goal. Yes, we want this to grow into something big but the team, the quality of people and posts from this community plays an important part in its growth. if we grow too fast or slow, that might become an issue.
This post was inspired by @taskmaster4450's post, copying the Leofinance model. I don't know if other communities can replicate. like i have said in the past, building is difficult and most successful projects are successful by chance. It is a game of chance and the best way to double up on your luck is to keep building and innovate.
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Like you said, innovation is the heart of every initiative. Interestingly the Leofinance tribe has been one ive followed closely since the launch because it appealed to the type of content I like to create. But one thing stood out, the hands on deck and forward development mentality the project leads had even when the token wasnt worth anything to write home about.
The icing on top for me was when they came up with the ad revenue model in conjunction with hive engine developers, a way to take out tokens from the supply and burn them out of existence which fosters the demand and supply tactics, I knew they were up to something interesting.
Then the wrapping came about. I wouldn't be quick to put Leo over hive though, I know that 20 more leofinance on hive will do more than less for hive.
Let's see how it all goes
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I agree with you on the long term, but on the short term I agree more with @nonsowrites.
Hive in general is too unfocused, that's not a bad thing but it means it will take longer to take off as a community than something focused like Leo, if the same percentage of users worked on improving it.
I'll tell you why it is successful, and it's not all of a sudden.
Those behind the wheel have a vision and they're not afraid to take risks in what they think it would be best for the greater good, both for the Tribe but also for the platform/token and they keep building and being innovative.
Don't forget that they gave everyone the opportunity to be part of this. Some received a huge airdrop only to dump it right after, and that's because they had PAL stake...insane.
Some 16 months later they are full of regrets...
Long story short, seems like niche Tribes have a bright future, as long as they play their cards right.
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We buying what we sold 🤧
True that. I am buying more Leo btw.
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That's an interesting argument you have. Before reading this I wouldn't have agreed that the communities being too broad isn't good for Hive but thinking about it now, I think it makes sense.
I was interested in Leo two months ago, but I have no interest in writing about Finance. I only thought about writing in the community when I read an article about "what to write about Ethereum" and then again when I realized that selling NFTs is also a part of DeFi.
...Most of the communities I'm part of are more on Discord than on Hive.
i am not so interested in writing about finance but i am interested in crypto and various ways of earning it and discovering new projects that are worth my time which leofinance provides. Like i said, finance is wide and accommodates a lot of things.
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I agree, but I only learned this very recently... I thought finance meant "serious business/money" or something.
We’ve been building for a long time now. Many of our projects have just recently hit scale. Building our own UI took months, but I’m very glad we invested all the time and resources that we did.
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It is paying off. Keep up the good work. You've engendered confidence in the project
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Leofinance is the best creature of Hive because it was born with a specific purpose and not to create Tribe to sell the tokens to and then goodbye ...
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I'll simply give this post a Hell Yeah! :-)
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I totally agree, at least for now.
Posted Using LeoFinance Beta
I believe that LeoFinance has a community that has found a common ideal, along with the continuous development of the platform and participation with the community of its dev. LEO to the moon!! 🚀🦁🚀🦁🚀🦁
Posted Using LeoFinance Beta
Great to have someone say the kind of thing I would love to say myself. The truth is that over time and with this mind captivating innovations on leofinance and the uprise in LEO value which is way beyond what have is currently, one could easily thinks that Leofinance is the block chain while hive is the second layer token.
Am hoping that soon LEO would have a greater fan base that it is on hive. Up Leofinance.
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I'm actually powering down HIVE to buy LEO. I think it will leave HIVE in the dust ROI wise
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