VALUE PLAN IN INDIA
Value Plan has invested around $185,000 in India since February of 2023 which can be broken down under 4 categories -
- Hackathons
- Conferences/Meet-ups/Side Events
- Social Media/Creatives
- Merch
Would love to get feedback from the Hive community as to how the following data analysis can be made better put forward.
HACKATHONS
Using @lordbutterfly's POST as reference, I'll try my best to be precise and objectively present the data :
| Engineering undergraduates | ||
|---|---|---|
| To make Hive known among young developers. Onboard new dApps. General branding. | ||
| Outdated Hive documentation made it hard for the new developers to build dApps in time. Retaining developers. Once the prize amount was given to them they stopped developing their project further. Lack of incubation program. Account creation issue. Lack of community involvement and support. No incentive for the judges. | ||
| Hive documentation was updated. Hackathon winners are now given their prize amount in phases when they hit certain milestones. I started an incubation program to guide these young developers as they explore our chain. @guiltyparties shared account creation codes and a frontend specifically to avoid issues during account creation. @acidyo gave me access to generate invite links in case an urgent onboarding issue arises. | ||
| I will create posts with all hackathon entries to get the Hive community involved. I'd like everyone to show their support to these young developers and their projects in any way they can. More Hive exclusive hackathons with specific agendas like finding developers for existing projects. Getting something built for Hive ecosystem. | ||
| 2 active games on Hive. Worldmappin Project got a new developer. Hive is a name that people now know. Though we still get surprised looks when we tell people that Hive is a blockchain that's not new but has been there for over 6 years now. |
I humbly ask the Hive community to show their support towards these two games that have come to Hive chain through these hackathons -
CONFERENCES / MEET-UPS / SIDE EVENTS
Again, using @lordbutterfly's POST as reference, I'll try my best to be precise and objectively present the data :
| Engineering undergraduates Investors BDs KOLs Representatives of projects, chains, exchanges or anyone with a good standing in Indian web3 space | ||
|---|---|---|
| To make Hive widely known in India. Integrate Hive in existing and also upcoming projects. Build relations amongst web3 communities. General branding so that opportunities present themselves to us. | ||
| Onboarding experience was awful as signups failed at conferences. Low retention rate due to lack of follow up meets and calls. Lack of manpower that could enable us to do better. Use of AI to write posts when Hive was introduced as a chain where quality content can be monetized. | ||
| We no longer ask people to write posts during conferences, unless its a gathering or a community of content creators. FINFARM was contracted as a service provider which also took care of our lacking manpower. FinFarm also helped in managing follow up calls with parties that were interested in Hive. | ||
| Hive got listed on LCX exchange We were able to start Chain Chapter community Hive chain had an article published in Outlook Magazine Parties showing interest in buying up HBD for its APR |
There are many follow up calls pending with university professors, KOLs, BDs, potential investors, representative of chains and dApps that showed interest towards Hive and integrating with our chain.
But doing all this alone is a bit too taxing on myself, considering the fact that I do this voluntarily and I have to balance it with my day job and my personal life. I did get help from FinFarm but even that has stopped for now as we are no longer availing their services.
FINFARM
@finfarm, a marketing service provider that has now devoted itself to Hive quite completely. You can check their Youtube Channel where you'll find Hive's branding. Here's what they have done for Hive so far :
They have been creating content and managing Hive's social handles for India
On their Youtube Channel you'll find Hive branding on their podcast series. Those who are invited to the podcast are told about Hive too.
Ever since they were brought in, they have helped organise and manage Hive sponsored events in India.
They have been promoting Hive in events where they are invited.
They have undertaken trading sessions using HIVE .
With their help we were able to start Chain Chapter.
Here's a FinFarm PRESENTATON that was handed over to Value Plan.
MERCH / SWAGS
In all our hackathons, conferences or meet-ups, participants and attendees are given what we like to call - Hive Welcome Kit.
It comprises of Hive branded folder, sticker sheet, metallic pen, spiral notebook and a cap.
In some cases, Hive branded temperature bottles, bags or a potted plant is handed out to special guests.
These swags were chosen so as to come in handy in day to day work, making sure to have a lasting impression on the person carrying the merch.
Please note that the exact same merch and quantity that can cost us a fortune elsewhere is available in India at extremely low prices, enabling us to continue procuring them whenever needed.
MY THOUGHTS
As of writing this post a lot has happened on Hive. We have gone through HF28, HIVE price has plummeted, VIBES project has shut down, @valueplan will now be using multi-sig approvals and @acidyo's Holozing DHF proposal has passed.
I'd like to share my thoughts on these recent developments and would love to hear back from the community.
- HIVE price and Value Plan
- VIBES and Beat Brawls
- Holozing and MuTerra
ON HIVE PRICE & VALUE PLAN
With HIVE price so low all initiatives in India that were being backed by valueplan have stopped which, on the surface, is understandable. But then I ask myself, will a full stop on DHF expenditure/Value Plan solve the issue of inflation and the low price of HIVE?
The answer I end up with every time is that we need to increase the demand for our 2 native tokens - HIVE and HBD and our marketing efforts should be solely focussed on that.
And thus, I propose that $120,000/year be kept aside for marketing efforts in India and any unused funds be sent back to DHF at the end of the year. The reason behind this is that India tops the ranking chart for Global Crypto Adoption Index and personally I feel Hive is not doing enough to capture this market.
With a $120,000 corpus reserved for India, we will be able to plan ahead instead of rushing at the last moment to sponsor or organise an event. This also saves us a lot of money. But the question is where will this amount be used and will it even give us a satisfactory ROI.
Well, here's what I'd like to do in India -
- Onboarding by playing on our strength - Unique username (no 30+ digit alpha-numeric addresses) & Blogging. I'd like to invite writers from various writer's club, not by telling them that they can earn by publishing their content but by telling them that they can create their own identity on blockchain and use it as a way to copyright their creation.
- Continue hosting hackathons but this time with exclusivity. We will find what existing projects need and use these hackathons to find talented young developers. Also, as a community we will try to get dApps that can be a good addition to our ecosystem.
- Expand the Chain Chapter community by giving lessons on blockchain in various universities with Hive as the base.
- Host Hive exclusive events and meet-ups where we invite BDs and KOLs active in crypto space and have them talk about Hive without having to pay them anything.
- To connect with investors and have them buy up HIVE and HBD, face-to-face meets would be required which would require us to attend and network at major blockchain events happening in India.
- I'd also like to keep our social handles active which is no longer the case as all activities have been suspended for now.
If required, I can create a separate DHF proposal for this, with the amount going to @valueplan, listing out all the details regarding how we can market Hive in India.
On a side note, what do you all think about opening a Hive cafe in India which accepts HBD as payment? All profits from the cafe goes into buying HIVE and then sent back to DHF. It will cost around $25,000 to open with sufficient capital to last till the cafe becomes self sufficient in its operations and starts making profit. Well, we can get into the details if you all think this is something that can be tried.
ON VIBES & BEAT BRAWLS
It was quite unfortunate to see what happened with VIBES project. But I hope you all agree that it was a really nice initiative taken by @lordbutterfly. So instead of just giving up on this idea I suggest looking into this new game on Hive called BEAT BRAWLS. Its a card game like UNO but is played by using song cards.
The idea is to bring in artists and create cards for them inside the game if they win. Of course this idea can be developed further by people who were managing VIBES. You all can join BEAT BRAWLS DISCORD HERE.
ON HOLOZING & MUTERRA
I always thought that an upcoming gaming project that is still under development would never be funded by DHF but I stand corrected as @acidyo has created a precedent by getting his game's, Holozing, DHF proposal passed by a staggering number.
Holozing's DHF proposal passing makes me really happy and keeps my trust in Hive community and working of DHF alive. So I'd like to take this opportunity and talk about MuTerra.
MuTerra has faced similar circumstances as Holozing if not worse. We were able to put forward a working MVP with the revenue generated by selling our Maldives packs. Though it was nowhere near to what Holozing has raised and we don't even have delegation support as they do.
MUTERRA GAME can be checked out by everyone reading this post. You'll see how much we were able to achieve with our limited funds. The current status of the game is that I am using a part of my salary to keep the development moving forward. It is painfully slow but it still being developed. I have not abandoned my vision of launching a retro RPG like Pokemon and Zelda on Hive. It would reel in players from web2 who used to play retro RPGs and we do need more new people coming to Hive.
Unfortunately, the development speed is going slow down further as my expenditures have gone up due to my wedding. Once things settle down for me I will restart the development. The development speed will remain the same once started again unless we get some funding to speed up the process. And due to Holozing's proposal I see a ray of hope for MuTerra.
In addition to the MuTerra gameplay, we have one more thing to offer - A gamified Hive onboarding experience. Imagine having this on during conferences. A unique way to explore the Hive ecosystem at a pace of your choosing. This can take our onboarding process to greater heights!
So, I'd like to ask some of the top supporters of Holozing' DHF proposal :
@blocktrades @smooth @theycallmedan @aggroed @oflyhigh @stoodkev @pharesim @solominer @yabapmatt if you all would be willing to support our DHF proposal if I put it forward?
It will contain all milestones, clear roadmap, proper documentation of where and how the money will be spent, our marketing strategy and how Hive chain will benefit from it.
Also, I do understand that I am no @acidyo, so would Value Plan key holders @blocktrades, @crimsonclad, @guiltyparties, @smooth, and @theycallmedan be willing to become the custodian of the amount in case our proposal passes? If yes, I'd write the proposal with all the details.
NOTE : @scriptkittie from dCrops has agreed to help us in the development if the proposal passes.
Wow you explain everything in detail.
Hope you will get success on your projects, especially for the Muterra Game
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STOPThe problem I see with games on Hive and bringing on devs to build games here is that you need established reputation on Hive to even get close to getting attention. Even with Acids game, who is one of the most active and long standing members of the community he has had problems with support for his project over the years. I could say that its maybe due to Hive staking competing with free flowing liquidity as long term Hive users choose staking over project support or it could be due to market sentiment and overall mentality here.
My point is that with any dapp brought here, it needs to have outward facing focus as the liquidity on Hive simply isnt deep enough to jump start a successful game currently with the market as it is. I dont feel at this time they can either get enough users or enough development support and the trust they would need to build will take a long time.
So my concern would be just that... are these dapps actually built with the wider ecosystem focus, or with inward Hive focus.
We need dapps, enterprises, businesses that can use Hive, but do not necessarily rely too much on Hive for economic viability. Ultimately, the conversion metrics of onboarding a few dapps seems good on paper but if wer spending 100k+ per year on the efforts to bring dapps like that here, we need to see some economic benefit from it imo, and simply increasing dapp numbers without follow up strategy doesnt do that.
And dont get me wrong, this applies to Vibes as well. Vibes had no economic benefit. It just onboarded users and I fell into the trap of thinking "more users=better". I subjected myself to KPIs established by the community as gospel and those KPIs are utterly worthless and do not lead to any long term benefit as theyre presented right now. The question that needs answering is "what will those users do, what will those dapps do for Hive??".
Its a metric we agreed as a community is valuable on its own. Its simply not.
From what I have seen, the two games that won the hackathons are built in such a way that they can be used to attract web2 users and can also be deployed on multiple chains.
Exactly. We need to increase demand for $HIVE and dApps are just one of the many things that can help in this regard.
The idea that I had related to this was that the artists that you onboarded can battle each other and reach a wider audience through the game. They can gain popularity as the game grows and we can see movement in the game where people try to grab their cards by paying in $HIVE.
Yes thats what we need to do but onboarding dapps like this doesnt do that in any way on its own. Its everything after that matters.
And I am almost certain they dont have a business plan, enough development funding or a way to turn their game into something with visible economic benefit for Hive that would recoup the 100k+ and justify the spending.
We have to look beyond onboarding. We need to be asking if the spending done has generated any return on investment.
And I don't see it doing that.
I don't blame the community one bit TBH. Now, everyone has no issue with Holozing doing repeat work and disenfranchising other projects. Even refusing to go on a town hall to discuss DHF proposal. It's a toxic behavior that Hive continues to perpetuate and yet everyone wonders "why isn't the chain growing"
Hey guy, @rishi556 replied to you many times that he can't make the town hall due to it being close to thanksgiving. He has also provided plenty of proof of reaching out your way to discuss implementation of nfts and what not on vsc and you were short and basically told him to build it himself on vsc if I recall correctly.
No one is disenfranchising vsc, whatever that may mean.
I personally don't wanna come talk to you for other reasons. I don't know what this townhall even is or why you're hosting it or why you think a person clearly triggered and this conflicted would make the right person to ask me question about our small proposal.
I admitted that maybe more could've been done to better align the work with improved communication. I have limited time to keep checking what everyone else is doing and how far along they are on their own shit when I have so many projects that require my attention on a daily basis.
If you wanna make this personal feel free to, I'm happy to counter your malicious downvotes after you made it clear why you're doing them. I have however no ill intentions towards your project and hope it hasn't all been a waste of funding and helps the ecosystem. Even if the main dev behind it seems to be an unstable little fruitcake.
Really? What time was that again? I don't recall ever settling on an exact time or Rishi sending me any such messages.
You guys asked one specific question, and I answered exactly what you were asking. There was zero further opportunity given to reach out and have a voice conversation with our business development team (@lordbutterfly) or myself directly. This is how ALL business development relationships get done in the real world.
But alas, it seems you'd rather fight than directly address these issues.
https://peakd.com/hive-131131/@rishi556/re-vaultec-t5b19j
I don't see anywhere where I said it would on thanksgiving other than it would be on a Saturday at 8am PST
A Saturday 2 weeks from when the comment was posted at 8 am pst. I was traveling this Saturday at 8 am which is when your original proposed time was.
Are we using downvotes emotionally now?
The comment section in the proposal post has screenshots and whatnot.
It's just really odd that you'd react this way because things didn't happen the way you wanted them to.
Yep, lbf and I talk quite often, both about vsc and zing and other various stuff. Things just happened as I've explained, partially my fault, partially who knows. That doesn't mean it's okay to act this way when we have done nothing against you or your project.
Not sure why you're doing personal attacks when I have never personally attacked you directly. Very unfortunate to see this happen on Hive from an important project like Holozing
I'm talking for myself, not for holozing, you've made it clear you are downvoting my personal account for personal reasons and not cause of overrewarding. Or should I say vsc is doing malicious downvotes now to anyone who won't use it, according to your logic?
It's quite funny to be doing that with DHF funds when I've poured over half of my stake to fund the game while asking for $28k to keep things afloat after you've been getting funded for almost 2 years.
I put a lot of effort on my presence and reputation here so yes I do take those personal downvotes personally. and you do seem to be unstable and irrational so fruitcake was quite a good choice of words.
Not sure why you're so keen on burning bridges but if vsc turns out to be a great service I'm looking forward to using it, whether or not you keep throwing a hissy fit about things that don't pertain you.
Good night.
I do support Holozing but one game getting funded doesn't mean all games should get DHF funding. Every proposal must be evaluated separately. And of course the creator of the proposal matters.
I wouldn't waste another dollar on any of the mentioned cases.
And what was your support based on?
This is not perfect timing for these ask...
For HBD cafe - NO - Who would use? How big community you have in one area? ! You throwing another business into the pot - Things like horeca it's completely different game and to run it you need experience - we are not paying for this - if you never run cafe or you didn't convince existing businesses to accept HBD then making new venture it will head to fail.
Don't even occupate your mind with this idea especially when you think of running it for DHF money.
Would love to answer your questions.
The population of Delhi alone is over 30 million. That's where the cafe could be opened. And when you know influencers like these personally - https://www.instagram.com/fabulous_feast?igsh=MTViZ2Nwcm0xcnQ2bw==, you don't have to worry about marketing either.
Absolutely. That's why I won't be the one running it. Check this out - https://maps.app.goo.gl/nJE1RPeRAezGz1Uk9?g_st=ipc
The owner of this cafe is the one who will help us out.
This is India and you cannot convince people to use HBD when they are used to UPI payments. That's why if we want to penetrate this market, we need to come up with our own outlet.
That's why I said it could be something that we can consider as the ROI on it will be much much better than most initiatives that have been taken so far.
What is knowing the person have to do with promoting Hive? If you can't convince some influencer to do something for Hive without opening restaurant then it's route to nowhere. With all respect - I'm from post communist country - opening restaurant with everyone money create only the problem and it has communistic approach which I don't like.
Again same as above - if the owner of this cafe doesn't accept HBD now - the fact that you would use everyone money will not change his approach - what could convince me is when the owner show his face and start implement HBD in the cafe beforehand, do some test runs, if he isn't doing that even as a trial trying to do it on big scale it's just a dream.
Wrong thinking - @distriator has cashback system - if 10-40 % cashback isn't good incentive enough for people to use it then having own shop will not change anything.
THIS IS BIG NO - If you don't have community that is comfortably using Hive atm, if you don't have shops linked with the system or at least interested in it, if you don't have vendors accepting and spenders in your area opening the SHOP will not change anything with this kind of approach we would have to enter every business.
Can i suggest you take a look at this and re assess the amount you are asking for here? Hive is essentially broke and if you are asking for such significant amounts of funding, you are essentially asking hive to print money out of thin air and tax everyone else via inflation. There is a part of the blog below that gives you a calculation that shows you what the inflation affect of your proposal is if you plug in the numbers:https://ecency.com/dhf/@threespeak/how-to-reduce-hives-inflation-problem-our-new-dhf-proposal-voting-criteria-hbd-apr-and-a-proposed-value-plan-sop
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I wouldn't mind more games being funded on hive but I wanna make it clear that maybe now may not be the best of times. It seems/sounds like yours has survived quite a while with slow progress and there may not be people involved waiting for funding or you risking to lose them which may put you back way more if that happens. As that's kind of the position we were at, the last thing I wanted to do was ask for DHF support as I knew it'd open up a can of worms I didn't wanna deal with with everything else going on and as you can see in this comment section I wasn't wrong about that, albeit coming from an unexpected direction/reason.
Ours came at the worst possible time because we are so reliant on the price of hive which is one of the big downsides of a bigger project using delegations to fund it.
Anyway just my opinion, this post also comes off a bit like "if x was funded then why not my y" while tagging a bunch of large stakeholders which I'm not really too happy to see being done. Instead of being more involved with the community and spending more time on chain to actually build trust and a reputation for yourself and the projects you're working on.