In the last leofinance AMA that I attended I heard @khaleelkazi aka khal talk about a leofinance.io proposal that is looking to raised funds via a DHF Proposal
This got me excited as this is quite unusual for leofinance.
As far as I remember leofinance.io was started way back in 2019.
It has survived its share of up and downs and propelled itself from a simple frontend to a thriving ecosystem of functional dapps.
It is a platform which is self funded and has relied on any funding from hive.
Most of the project development has happened in the bear season and this has not deterred the leadership from shelling out $100,000 out of its own funds.
To understand how leofinance have a pathbreaking idea that could use our voting support.
Leofinance.io team has revamped their UI and also launched a microblogging platform as a part of their product mix.
One would be amazed to see how the new UI has increased the number of active users to the platform
Leo finance is a layer two community built over the hive blockchain. Hive offers a great zero fee fast blockchain that is great for Web 3.0 platform development.
Hover there have been two big pain points for hive.
One is getting users on board and second is retaining them
If the above graph and numbers are to go by then leofinance seems to have got a fix for the pain points of hive.
Full credit goes to leofinance for bringing microblogging to hive
leo threads is the microblogging platform of hive that leofinance has developed as part of its initiative.
leothreads has changed a lot of things for hive
Engagement was seriously lacking on hive and that has changed with leo threads.
Leo threads has proved itself to be a magical glue that binds the entire hive ecosystem.
Hive currently has an active userbase of 11000 and out of these almost 10% are active users on leo threads.
The leo teams wants to increase its user base
This expansion would be both within as well as outside of hive.
Leofinance wants to see 50% users of of hive as active leo threads users by the end of 2023.
Leofinance has already made it super easy for user onboarding. Using a single click sign up process a person can be onboarded from twitter or google.
Why come to lefinance and hive when there are plenty of Web 2.0 choices?
A lot of users vouch for and use Web 2.0 platforms like
- Twitter (X)
- Medium
- Reddit and many more
All these are centralized platforms that offer little to no right of ownership. Your data is used by the platform for profits and your account can be deleted or blocked as per the platform's discretion.
Leofinance offers a number of improved versions of all these platforms.
- Twitter (X) users can use Microblogging on-chain: https://leofinance.io/threads
Medium users would love - Long-Form content for every topic: https://leofinance.io/posts
Reddit users get - Community Pages as a Reddit alternative: https://leofinance.io/communities
A dedicated section for Finance and Crypto related content: https://leofinance.io/communities/hive-167922
Decentralized, stake-weighted Polls: https://leofinance.io/threads/tag/polls
These features come with inbuilt decentralized hive as the core functional layer.
A users account once created remains on the blockchain. Even the content created remains on the blockchain.
The upvotes received earn the user crypto. something that Web 2.0 users can only dream about.
A look at what increasing numbers do to the value of a token and its holders.
Recently leo team came up with a novel proposal that the ad revenue generated from the platform would be shared with the leo token holders who have staked their leo.
Post this announcement the leo user base has grown and the price of leo has gone up by 3 times .
This experiment of leo has been a super successful one
Though there have been rough edges, outages and hickups along the way but leo team has worked and resolved every issue and continues to do so.
This is a modular approach of leo team into building a model which can be scaled up from here.
Scaling up would benefit the entire ecosystem
Imagine this model of leofinance being scaled up so there would be a lot more users of leofinance and hive.
They would buy and stake leo to get rewards. Some of them would also buy and stake hive to have more RC that is needed for engaging with others. Also staked hive would get them curation rewards.
This would push up the user bases of leofinance and hive many fold.
Buying and powering up of leo and hive would take the prices up and the rewards earned on every post and curation rewards in dollar terms would also go up a lot.
Leo needs your help to do this
Leo team has designed a step by step plan of action that includes marketing and promotion. The various activities and promotions have been divided into the following categories.
The Everything App Development
Traditional Marketing
Influencer Marketing
Collaboration Marketing
Guerilla Marketing
Adoption Campaigns
Organic Growth
For this they have chalked out a daily budged of $495 per day
The marketing plan starts on first of September and runs throughout 2024
The intent is to bring onboard new users on to hive.
Goals: +9,615 new Hive users (nearly 2x the current user base of Hive)
for this the team is bringing the DHF proposal
Name: The Everything App - DHF Proposal
Daily expenses
Advertisement - $120
Traditional Marketing - $90
Influencer Marketing - $140
Guerilla Marketing - $70
Adoption Campaigns - $75
Organic Growth - $0
Total Daily Budget: $495
Time Frame: 16 months - September 1st, 2023 to December 31st, 2024
Goals: +9,615 new Hive users (nearly 2x the current user base of Hive)
Total Budget: $241,560 USD
This mean there would be a CAC of $25 per new user.
What if the leo team cannot deliver?
In case the Leo team cannot deliver on the projected numbers the team would give back the sanctioned amount.
It is time to cast your vote
I have casted my vote for the proposal. It does not cost any money and it is your democratic right to so so.
Go ahead and cast your vote here
Vote for this proposal on peakd
Vote for this proposal on ecency
Vote for this proposal with HiveSigner
Not a financial advice but looking at the result of the previous achievements of the leo team it looks like a good time to accumulate and stake as much leo tokens as possible and reap the rewards from the price appreciation, curation and ad revenue share.
Thanks for reading my post
Have a good day
Posted Using LeoFinance Alpha
