In my 9 Years In this ecosystem and 12 years in crypto I have seen a lot of funding models and marketing efforts succeed or fall by the wayside. All boats may not rise this cycle because of oversaturation and global inflation knocking retail investors teeth out. It is one reality we must face. Will Digibyte Moon or be forgotten? We just really can't say for certain but let's make sure we don't sink. 🛥️
The fracturing of the various communities has been detrimental in the long run. Each system took a different path and there were merit to the various power down cycle lengths and return rates for debt like the HIVE Backed Dollar (HBD). What has been built is very impressive and I have said many times over the last couple of years that HIVE is the most fully developed Web3 Ecosystem. That is true today but we have a lot of competition from projects with Market Caps over $2 Billion. We can argue the advantages and disadvantages of various projects but currently they have a lot of attention directed towards them and have a lot of value locked. They also are listed on some of the main US Exchanges like Coinbase, Kraken, and Gemini. These listings are hard to obtain as we know and making additional connections to these top chains is crucial to onboard those communities and provide incentives to engage and contribute to the ecosystem that has been built. We don't want to be MySpaced out. The chain is getting older and so is our userbase. There are only around 3,000 active users on Hive posting and commenting at this point when Bitcoin is well over $100K. STEEM and Blurt have a smaller userbase. Combined all this needs to be in the millions. The game theory and incentives have to be on point, it has to be marketed correctly, and it has to have additional revenue sources.
I'm Building A Cohesive Ecosystem With Effective Game Theory
Everything that has been done with Peakd, Ecency, InLeo, Hive Engine and countless other projects has been awesome. WE NEED MORE and we need it to speak to the extremely short attention spans of the new generation coming into crypto. All the existing stuff will still exist and people can be on their various interfaces but my will produce additional rewards from chains that are in the Top 50 on CoinGecko.
- Referral Rewards (Two Levels)
- Tiered Levels That Produce Additional Rewards (Silver, Gold, Platinum)
- Unique Rewards That Aren't Just Based on Stake
- Liquid Stake
- NFT Profile Picture (PFP) Capabilities
- Badges
- DEX and DeFi Offerings
- Trending Based On More Than Stake
- Gaming
- Task and Market Modules
- Ticket System Where Someone Can Speculate On Other Users Accounts And Participate In Their Success
- Additional Revenue Sources To Support Creators and The Ecosystem Past Bull Market Euphoria.
How Does This Help HIVE, STEEM, and Blurt Price?
Part of the interest that is created on the other chains is used to buy up HIVE, STEEM, Blurt and power it up into their HIVE accounts, Steem accounts, Blurt accounts. 🤯 So hitting various tiers and receiving the reward will charge a fee and sell it for HIVE, STEEM, Blurt. For instance if someone had just a HIVE and Blurt account connected the system will act as a multi poster and then would sell part of the rewards for HIVE and Blurt and power that up into the connected users accounts.
This seems counter intuitive to sell the newly created assets but enough buy demand will be driven to those assets to maintain certain levels and engage in DeFi rewards and the benefit of the prices of HIVE, STEEM, and Blurt coming up will outweigh the small amount of sell pressure to the new assets. Getting the existing active community involved is imperative and as the price comes up a lot of dormant accounts will reengage as we have seen in the last couple of bull markets.
People are very tribal and several blockchains don't have a social media platform where they can earn and engage in that ecosystem. Onboarding those communities is the activity and capital injection that HIVE, STEEM, and Blurt need. Initially these users don't necessarily need to know what the system is riding on but overtime can venture deeper down the rabbit hole.
Why Even Connect To HIVE, STEEM, and Blurt?
Number 1 would be the communities. It's extremely hard to build that. Even when the new interface is marketed the community needs to be vibrant and people already here. If you walk into a bar and no music is playing and no one is there you will likely turn around and walk right back out.
The second part is the system is built out. All the stuff figured out with RC and the reputation system is the framework to not get spammed as bad as a YouTube and Instagram comment sections.
The HIVE Backed Dollar (HBD) is actually one of the more impressive things in crypto. I don't trust USDT for more than doing a quick trade and I have even seen USDC lose it's peg which doesn't make sense. HBD is well thought out compared to other algo stable coins we have seen throughout time. This opens the door to build out an entire economy.
The benefits of these other chains can be utilized but built on the foundation of what has already been figure out. Resource allocation can be very tough as we have seen previously with EOS and we more recently have seen it with ICP. Any zero gas fee / reverse gas fee model will be exploited and people will try to harvest rewards from it if it isn't well designed to guide them to not be a full blow spam farmer. 👨🌾
STEEM and HIVE have liquidity with being on exchanges like Binance which is huge. They also have decentralized funding models with available resources to build with.
Why Not Just Make A Hive Engine Token?
I think the HIVE Engine is awesome and it will be utilized in this system but for the main token we need a grapling hook thrown up to the chains in the top 50. We need their communities, their economic energy, and what their technological advancements bring to the table to give us more capabilities. By connecting to them it can allow us to pull our way back up. They will be like adding twin turbos.
We got the baseball team and have been going out there for over 5 years against MLB Partner League teams starting when everyone else was locked down.
The NFT set is nearly ready and it is more about timing to make the whole ecosystem more attractive to additional communities and onboarding new users.
Funds
For HIVE I'm asking to prime the pump with 1,500 HBD / Day for 60 Days partially because of the way the proposal system is set up now. Some of the funds can earn interest in savings to extend the reach but ultimately another proposal might have to be rolled out at a later date.
For STEEM I will do a proposal length of a year initially and for Blurt the proposal will be more for awareness to build support because the market cap and liquidity situation is a lot lower there but it is an important piece.
Conclusion
We need to be taking massive action and sprinting right now because these platforms haven't participated in this bull market.
Thank you for your time!
Vote On HIVE: https://peakd.com/me/proposals
Vote On STEEM: https://steemitwallet.com/proposals
