One of the things that is missing on Hive (and Leofinance) is a resource center. In other words, a place that keeps people coming back.
LeoGlossary was modeled after Investopedia and Wikipedia. We do a great deal of discussion about these for their search engine ranking and the links they generate. There is, however, another perspective.
People love information. They need it. It is something they will go after on a regular basis.
Let us focus upon something close to home:
How often do you check Coingecko or Coinmarketcap for the pricing of certain coins or tokens?
If you are like most, it is at least a couple times a day.
Here is another finance related one:
How often do you check a Marketwatch or Yahoo Finance for the price of certain stocks, especially during trading hours?
Again, if you are big into the stock market, you will check sites like these (even if not them in particular).
The point is that a lot of traffic comes from repeat visitors. There is nothing better than someone hitting up your site daily (or multiple times) because there is value in the information.
To put it another way, it is a resource for information they utilize.
LeoGlossary As A Resource
One of the major goals of LeoGlossary is to get the database large enough so that it can become a resource for people. We want to create something that people visit regularly because they need the information contained therein.
Again, using Wikipedia, that is the epitome of what we are referring to. Obviously, many of us end up there simply due to the results of a web search. This is the most common way.
There are, however, times when we are looking for something specific. Wikipedia has certain lists they update regularly. If you have an interest in them, they will provide the information.
It is also something to turn to. For example, I would be certain that I could search Grammy award winners and it would provide me with a list. Also, since they excel at linking, I could get information on each award winner along with the individual songs. The same is true for movies, television shows, US Presidents, and provinces in Canada.
When it comes to serving this need, Wikipedia is unrivaled.
Why isn't there something like that one Leofinance? Think about that for a second. If you are not going to blog here, what will pull you to this site? One might say the content but since there is next to nothing in terms of search, are most going to weed through the vomit of blog posts that appear each day? It is like a stream of garbage going by.
Now mind you, I am not necessarily referring to the quality of the posts although many could call that into question. I am simply pointing out the way the posts around content we might not care about is flooding the recent section.
For example, do you think most finance and cryptocurrency people really care about Splinterlands. Hell, I am as dedicated to Hive as they come and I could have no interest in Splinterlands posts. Outside of the individual players, who really cares?
The answer is almost nobody.
Yet to see the posts that we are interested in, we have to go through that mess. Again, outside loyal lions, who is going to do it?
Hence, Leofinance as a website has zero value as a resource. There is nothing to keep bringing people back on a daily basis.
The same is true for Hive. Until LeoGlossary.
Information. Information. Information.
Over the last few articles referring to LeoGlossary, I made mention of depth. This is another way of saying adding a lot more information to the content.
Here again, we have to point back to the other two sites mentioned. Both Investopedia and Wikipedia have a ton of content that is in depth. If you want to read about the futures market, I am sure both sites have more than 1,000 words about it. They are not putting up a couple hundred worlds like much of what is on Leofinance.
Even Leoglossary, due to many of the concepts, have short pages regarding the definitions. This is part because of the topic with the other being a time issue. As the focus shifted away from width, we can now add depth.
Of course, we have to go wide with the depth.
Alas, such is life for a project that is only about 6 months old.
Nevertheless, the goal is to have a place on Leofinance, and by extension Hive, where people return to on a regular basis. As more is added, the value of the database grows. This is not meant to imply anything about markets or price. We are looking at this strictly from a utility standpoint.
The key is to want someone to bookmark the page. How many pages on Hive, let alone Leofinance, are people doing this?
Here is where we are seeking to add value to the community. So many simply want to take by posting something, getting a few upvotes, and then pocketing the money. Well, not it is time to look at things a bit differently.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z