Micro-earning is a thing on Hive
Micro-earning is yet to be a popular word in the world of work and surprising, every attempts made to search for either of "micro-earning" or "micro earning" keeps featuring results for "microjobs", except a filter that tracks only Hive or LeoFinance platform is used. This makes one wonder that the concept of micro-earning finds its origin on the Hive blockchain. Thanks to the trio of Threads, Dbuzz and Ecency waves that has made it possible for users to earn small monetary or financial units for their social activities on the Hive blockchain.
Hive is revolutionizing the social media space and it is interesting the pace at which the development is happening and the future that is about to unveil. Micro-Earning according to LeoGlossary is the ability to be rewarded in small monetary or financial units for activities undertaken. It is the accumulation of fractional units of a currency which, through volume, can add up.
Micro-earnings takes a leap from micro-payments which constitute small transactions that are under a dollar (USD). These payments can even be as small as a fraction of a cent, and are usually carried out online. Looking at the costs associated with fiat banking, micro-payments would be ideally done with cryptocurrency is since many are designed with very small units. An example of this is Bitcoin with satoshis. Hive makes micro-payments quite merrier since transactions are feeless and users can send quite small amounts as low as a tenth of a Cent.
Threads - A Micro Social Job Centre
Earning a minimum of $0.01 has become a standard on Threads - a web3 alternative to Twitter that allows Hive blockchain users to post 240-character contents (text, images, gifs, short videos). It takes barely 15 seconds to send in most of those threads and a user can consistently create 100 threads within 30 minutes to earn $1 to $2. The screenshot above shows microblogs earning around $0.07. Multiply that over 100 microblogs would result to $7 which could amount to $14 and higher than the average wage per hour in many countries of the world.
Thanks to the Leo Threads curation that has become an organic way of rewarding micro-bloggers on Threads. This author has earned $10 in many events for creating below a hundred microblogs on Threads. Already, many independent $LEO stakeholders are finding creating a niche on Threads to reward heir communities of interests with micro-upvotes. This is just in addition to motivation this serves to content creators who derive fun through the process and are contributing to nearly 1 Million microblogs on Hive blockchain. On Leo Threads, this engagement stats mean a lot as it is directly proportional to the ads revenue generated on the Leo platform for added rewards to stakeholders.
Hive: redefining social media monetization with micro-earnings
Hive is redefining social media monetization with micro-earnings and - the practice of earning small amounts of money or cryptocurrency by engaging on chain. This is not a popular phenomenon in web2 social media that primarily relies primarily on advertising revenue or subscription fees. Hive's micro-earning model is a revolutionary departure from the traditional social media monetization strategies.
Social media platforms have become integral parts of our daily lives, and they enable us to connect with family, friends, sharing our thoughts, and moments while stay updated on the latest trends. However, the traditional social media landscape has always faced a challenge of fairly compensating its content creators for their valuable contributions. Today, Hive stands at the forefront of redefining social media monetization through micro-earning. This is a major shift towards a more decentralized, user-centric, and transparent approach to online content monetization. More important is that fact that this micro-earning is peer distributed, meaning that the users own the platform and communities.
With a Proof of Brain design, the micro contents on Hive are valued by the community. The system also allows for content variety as a user can select his niche of interest and all of these with web3 possibilities. Each user is free to find his/her niche and connect with like-minded individuals - food, faith, photography, gaming, travel, etc. Moreover, user data are also preserved as there are no ads or data selling. Engagement of contents is at its best and very organic. The reward distribution system fosters a sense of fairness and encourages users (content creators and content curators) to support each other as they deem fit.
Another Major Disruption in Work Imminent
The future of Work continues to evolve on the web3 world and Hive blockchain keeps swinging the the innovation pendulum. We're getting closer to another switch and disruption in the world of work as micro-earning could bring many players to limelight in the word's stage of wealth creators. It's time for everyone to jump in to grow with the system that is fast changing. let's see what unfolds next!
How are you maximizing micro-earning on Hive blockchain?
If you found the article interesting or helpful, please hit the upvote button, share for visibility to other hive friends to see. More importantly, drop a comment beneath. Thank you!
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.
Let's Connect
Hive: https://leofinance.io/profile/uyobong/blog
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966