Vote for LEO Witness & Proposal, Support the Future of Hive
The future of Hive is in the communities
When "the future of Hive is in the communities" was first mentioned in 2019/20, it sounded like a tale and did not even make a valid sense. This is because there was a long time of talking about Smart Media Tokens (SMTs) that never came through, but thanks to Hive-engine that opened up the business layer of Hive and allowed communities to build on Hive's layer 2. Today, we also have layer1 projects and it's amazing the level of growth so far attained in development and userbase.
Hive Communities Explained
Communities on hive blockchain are represented by "tribes" or "dApps," are where the real growth and engagement on Hive happens. Emphasis on "Communities" is one of the key differentiators of Hive from its contemporary blockchains. Hive allows users to create and participate in communities centered around their niche interests. Communities on Hive are as diverse and they range from art, education, finance, food, dance, music, gaming, video, comedy, culture and business to blockchain development, cryptocurrency, and even niche interests like beekeeping. Each community is built around its unique culture, rules, and governance, making Hive an inclusive ecosystem.
Within the community strata, Hive's architecture allows for communities to grow in development, user engagement and even innovate unique ways of interactions and integrations. Some communities have become so sophisticated that they build cross-chain bridges with other blockchains. We can say that communities on Hive are empowered to be stronger.
Communities on Hive can create tokens on Hive layer2 and several use cases have been defined for these tokens. Some tokens are staked and used for layer 2 community post curation, others for mining operations and more. Today, we have vibrant micro-economies within Hive, and it revolves around communities and its members. Communities draw reward structures for its users to encourage onboarding and retention.
Community Governance and Funding
Decentralized governance and funding are essential feature of Hive. This blockchain allows users to propose and vote on changes to the platform through a consensus mechanism which confers governance rights to witnesses which may e individuals or communities based on their contribution to the growth of the blockchain in infrastructure, use case, marketing or onboarding. This ensures that the platform's development aligns with the desires of its user base, further strengthening the sense of community ownership.
LEO as a Growing and Value-adding Community
LEO's mission is to democratize knowledge and access to finance. The Leo community has grown from just a layer 2 condenser website for finance and crypto community a full fledge micro-community of communities, offering innovative serviced for Hive users. Instead of focusing solely on crypto & finance content, Leo was recently opened up to all sorts of content. Today, Leo runs a microblogging interface - Threads and a long form content hub.
Tens of thousands of dollars have been spent and will be on marketing initiatives for Leo and Hive. Worthy of mention is the $10k Zealy Campaign ran in May and $1.5k in September. Leo also launched a DHF Proposal - which has passed and started being funded but needs more support to stay funded.
In a recent update, leo reportedly spent 11% of the monthly marketing budget and surpassed its onboarding goals by more than 150 new active Hive users. Leo also almost doubled the total Hive onboarding ratio compared to the monthly average in 2023.
Vote for LeoFinance DHF Proposal
- Vote the proposal on PeakD
- Vote the proposal on Ecency
- Vote the proposal on Hivesigner
Vote for Leofinance Witness
- Hivesigner
- PeakD: Click and scroll to around #27
Your Hive Power Counts
Voting for Leo's witness and DHF proposal require users to stake and grow their Hive Power (HP). Every Hive user has a voice in the governance of Hive and in the sharing of resources. The one month old and 5 years old user on Hive all have a stake to give a voice in the governance of Hive. Being a funnel that is bringing the masses to Hive and helping keep the users, I think it is a worthy thing to support the Leo witness and proposal.
Without a doubt, a vote for LEO Witness & Proposal is a support the future of Hive which would become a gateway for the mas adoption of web2 users to web3 environment.
Go now and vote using links above!
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This post was created via LeoFInance, What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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