Hive blockchain is one of the most engaging #web3 blogging platforms with multiple innovative features that help in the sustainable growth of the project. With the enthusiastic user on the platform, engagement has been top-notch in helping the project retain its value irrespective of the market fluctuations. However, for a project to grow substantially, there is a need to seek review from users who see a promising future in it; this is why this article highlights the good and bad sides of the Hive and how it impacts users and the community, also with the essence to offer more innovative solutions and opportunities for users worldwide.
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The Value of Hive Blockchain
1. Financial Incentives Through Upvotes
Many users see Hive as a source of income; its unique financial incentive system has created an employment opportunity for engaging users who blog, vlog, games, etc. In the #hive blockchain, users gain upvotes when they share quality posts; upvotes are in the form of $HBD, $HIVE, and other native tokens which can be swapped into any currency of the user’s country. Consequently, the blockchain serves as a system of generating income that can be used to meet the financial needs of the users, some users see that as an opportunity to reinvest in the project by buying more of the tokens. Furthermore, users are encouraged by the curation to make more quality content. Finally, it is seen that generating and reinvesting money within the platform will aid in a sustainable and thriving ecosystem.
2. Skill Acquisition
Learning is inevitable in the #hive blockchain; by constantly reading other users’ blogs and watching vlogs, people tend to gain educationally and also have financial insight that can help grow their business. Aside from the financial rewards, this outstanding benefit has increased the knowledge of users to strategize their personal development. More so, while reading other quality blogs, user improves their writing skills which can not be compared to before.
3. Community Connection
Active users in the #hive blockchain have the significant advantage of connecting with those who share similar interests and passions, thereby leading to meaningful interactions and collaborations. Currently, there is an upcoming event known as the #hivefest where all #hive users are invited to participate; it is an innovative event to build a strong community that can network with other internet users to join.
The Setbacks of Hive Blockchain
1. Inconsistent Curation of Quality Posts
One of the ways to gain positive growth in the system is when users give genuine feedback on hindrances to the productivity of a project. Despite the promising upvote system as shared above, it is unfortunate that not all quality posts are recognized to be curated. Though moderators have done tireless jobs to keep to that standard, but its disheartening that some users are not sure of having a certain upvote from their post. The inconsistency in curation makes the user feel time and effort into their content is a waste. The unpredictability of earnings can cause users who intend to engage #hive as a full-time job to seek the stability of traditional jobs with fixed salaries, where their income is more predictable and reliable.
2. Technical Issues
One of the leading communities in the #hive blockchain, #inleo has done a great job in solving real-life problems, but its frontend seems to make users feel unenthusiastic to engage because of the platform's technical issues; sometimes the interface lags or develops some maintenance requirements. Such situations can disrupt the user experience of engaging with the platform. It can be frustrating and can cause users to miss participating in community activities, earning upvotes, curating, etc. It is important to sort out the issue once and for all, so as to maintain user satisfaction and retention.
3. Marketing Strategy
Currently, #hive is not heard in the mouths of all internet users because of its low publicity campaign. There is a need to seek a strategy where a mass number of people can join and invest, blog, and collaborate with the project. However, the #inleo team is doing a good job of associating with other top #web3 influencers, but more work can be done.
Conclusion
Hive blockchain’s growth is evident, but it can grow speedily when some factors are considered. The above-mentioned benefits and challenges are some of the areas that need improvement. Therefore, it is best to address the challenges so that the platform can continue to grow and provide value to users, creating a vibrant and engaged community in the world of #web3.
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This article is written in InLeo
Inleo is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: Inleo allows users and creators to engage and share content on the blockchain while earning cryptocurrency reward
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