Why you should vote for the leofinance proposal?
To understand why we you and I should vote for the Leofinance proposal. First we should understand what is lefinance and what are they trying to implement with the proposal.
Leofinance is a layer two project built over the hive blockchain. It got started in 2019
It is a project that provides a platform to discuss crypto & finance and over time it has evolved into a diverse and self sustained ecosystem of dapps and content creation platform.
Decentralization and freedom of speech are its core values that propel its team and its members towards a web3 platform that anyone can use.
With this intent it is expanding the ease with which users can get started and remain active in the Web 3.0 environment
As of now leofinance.io interface lets you post in any community using its interface and its leo threads feature lets the users post micro blogging content.
Leofinance a project with mission
Leofinance aims to open the doors to users from around the world so that users can be onboarded with ease.
What features have already been built into the everything app?
The leofinance team is building the everything app. A feature of the app that most users are familiar with is leo othreads.
Any hive user can use leo threads to create engagements with other users and increasing the viewership to their long form content and posts.
The everything app takes inspiration from the various Web 2.0 platforms that are out there and the leofinance team brings its own improved version to the new Web 3.0 everything app
The everything app is a collection of dapps rolled into a single interface and include
- Web 3.0 version of twitter(X) or twitter(X) killer: https://leofinance.io/threads
- Medium killer or its improved web 3 avatar : https://leofinance.io/posts
- The Reddit Killer (or much better and rewarding version of reddit) : https://leofinance.io/communities
- Finance and crypto related content available via a dedicated section: https://leofinance.io/communities/hive-167922
- Stake based polls that are decentralized and transparent: https://leofinance.io/threads/tag/polls
Why all this matters to you?
One common complaint that users have is that no one interacts with them on their posts so leothreads helps create those interactions that users lack.
Not just that a lot is being done so that your family and friends can get on to hive via the leofinance.io platform with a lot more ease.
Coming to hive is one part however your stay here is productive both in terms of the interactions as well as the revenue you make on your post. Then it is going to be that much more rewarding for every user involved.
Additionally leofinance is doing things which are a first in many ways and include a new and improved advertising model that is community centric and for which the LeoAds protocol has been developed.
Ads are being placed and displayed on the user generated content and what revenue these ads generate are distributed back to the community according to a built in mechanism.
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It brings in value added content using the on chain News2Threads bot
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With a set of 10+ curators it is ensuring decentralized and transparent curation
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It has implemeted LeoAuth an internal login protocol
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Leo infra so that new users can use their existing Twitter and Google account to come on to leofinance and hive via these Web 2.0 accounts
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LeoCache so that the user experince on the resource leo threads is smooth.
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Leomobile : An android and IOS version of the app
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A multitoken bridge via wleo.io: that users can use to bridge between binance chain, polygon and hive blockchain and use bLEO, pLEO, wLEO, bHBD, bHIVE, pHBD, pHIVE
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CubDefi.com : A defi app on the binance chain that brings Hive,HBD,LEO liquidity to the dapps multi token bridge so that users can interact with ease.
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Polycub.com : A defi app on the low fee and efficient polygon chain that brings Hive,HBD,LEO liquidity to the dapps multi token bridge
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Hivestats.io so any user on hive can track his account stats with ease.
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Multifeature Hive wallet 2.0 on https://leofinance.io whch would soon have defi integration.
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LeoDex.io a plaace to trade and exchange tokens
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Leofi.io: The leopower leasing tool
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@Leofinance Hive witness
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Leo tower the custom JSON backed decentrilzed poll system
How getting more users to hive and leofinance would help every user ?
To understand how the leofinance model would impact every user lets look at the effect that the leofinance ad model implementation has achieved.
How effective the leofinance user interface has been can be seen from the active user base chart.
The more intuitive and feature rich user interface has caused the active userbase to grow from 500 to 1300 active users.
The new Tokenomics of leo has deployed the Advertising Revenue model which would distribute the ad revenue generated in terms of the native Leo token to all those who stake their leo tokens.
This has seen a remarkable increase in the number of token holders and the leo token price has gone up by 3X
The Action Plan
This expansion would target the existing hive users as well as the new users.
At present 10% of the hive user base of 11000 use leofinance.
The leo teams intends to increase this base by 50%
Besides this leofinance.io team is looking to bring more users from outside the blockchain to hive and leofinance.io
This way the userbase of hive would automatically expand.
This proposal of leofinance is aimed at userbase both for hive as well as leofinance.
As part of the initiative the leofinance.io team is bringing onboard existing projects to leofinance.
Active marketing and Promotions are needed
The team initiative would be aimed at covering 7 different areas
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The Everything App Development
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Traditional Marketing
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Influencer Marketing
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Collaboration Marketing
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Guerilla Marketing
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Adoption Campaigns
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Organic Growth by TEA
Since the beginning the app is in a 100% self funding model so $0 funding is required.
The Everything App: DHF Proposal
The budget breakdown is shown below to incorporate transparency and ensuring clarity about the fund deployment.
The Everything App Development - $0 (we'll never ask Hive to pay for our own technical development or team payroll)
Advertisement - $120
Traditional Marketing - $90
Influencer Marketing - $140
Guerilla Marketing - $70
Adoption Campaigns - $75
Organic Growth - $0
Total Daily Budget: $495
This means a budget of ~$15,000 USD per month.
This budget would be used for onboarding and the number breakdown per quarter are as follows
Overview and Results
Name: The Everything App - DHF Proposal
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
If leofinance.io fails to deliver on these numbers associated with onboarding goals then the team would transfer the entire fund back.
Take action
It is a win win proposal for hive and every hive user must go ahead and cast their vote
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Posted Using LeoFinance Alpha
