Steemleo modeled itself after some of the mainstream financial sites where users are able to submit content. The challenge with those sites, as we all know, is the rewards are taken by a select few. Very little makes it out to the masses.
SeekingAlpha is such a site. Hence, it is really primed for disruption by a site like Steemleo.
So how close are the two?
To fully view this, we need to be realistic. SeekingAlpha is around 15 years while Steemleo under 6 months. There are also millions of monthly users who read the information posted on there.
That said, when it comes to contributions, SeekingAlpha does not set the highest of bars.
For example, when we look at the number of contributors, we see this which is taken right for the SeekingAlpha website.
@dalz just put out a post in the @leo.stats account. In it, we see this from the number of users on the Steemleo front end for the past week.
A total of 582 unique user have posted from the Steemleo frontend.
Obviously, Steemleo cannot compete with SeekingAlpha's 16,000 lifetime contributors. But, isn't it interesting that just the weekly contributors, who by definition have to be new this year, topped SAs.
Of course, this is only counting the users who post via the Steemleo frontend. Those who opt to use steempeak, as an example, are not figured into these numbers.
When looking at the amount of comments, we see a similar situation. SeekingAlpha is putting up numbers that dwarf's Steemleo. There is, however, a closing of the gap that is optimistic.
These numbers far eclipse what Steemleo is doing. This is what the present state of affairs looks like.
https://www.steemleo.com/steemleo/@leo.stats/steemleo-weekly-stats-11-25-19-to-12-01-2019
This image also tells a story about articles posted.
Here is the SeekingAlpha information.
On this front, Steemleo actually beats SeekingAlpha. There are more articles posted each day using the different interfaces than appear on SeekingAlpha. Looking at the image we can see roughly 300 articles appearing on Steemleo daily (when considering all interfaces).
The situation contains some apples and oranges which makes comparisons difficult.
To start, all articles on SeekingAlpha are what many would consider "quality content". Not only that, they are applicable to the topics the site focuses upon.
On Steem, we know there is a lot of tag-spamming hence, not all the articles are focused upon the Steemleo topics. We do see some (although not an overwhelming amount) that are also in Sportstalk. Thus, we know that some of the article count on Steemleo could be discounted some.
We also see a difference with interfaces. Because of the unique system of blockchain, there are a number of ways to post to Steemleo. While many will use the steemleo tag for spamming, that is not to say all fall into that category. Many legitimate Steemleo posts are written in other interfaces. Many simply prefer the functionality, for example, of Steempeak. These articles, even if they did not originate through the Steemleo interface, are equally as valid.
Thus, we can reduce the tendency to discount the posts made through non-Steemleo interfaces.
The bottom line is SeekingAlpha has over 15 million monthly active users. This puts it on an entirely different level from Steemleo. Of course, the 15 year jump did give it a bit of a head start.
What is impressive is how Steemleo is starting to match up according to some of the metrics. The biggest advantage that Steemleo is offering is the monetization via the LEO token. This is highly important in this genre since it is focused upon the financial arena. Money is what most of these individuals are concerned about.
Providing an opportunity for these authors to enhance the incomes they are receiving off their articles could be a winning strategy. It could take a while since crypto adoption, in general, is slow. However, positioning itself to leverage the opportunities off sites like this could push this platform to much greater heights.
It is a concentrated enough market that additional features could start attracting many people. The world of investing is large with a lot of wealth concentrated in it. It will not take a great deal of conversion to access some potentially powerful players.
Overall, not a bad start to a Steem-based platform that is still in its first six months.
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