LeoFinance Weekly AMA! LeoThreads Microblogging on Hive and PolyCUB Monthly Report

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In this episode of the Weekly AMA, we talk about PolyCUB's monthly report and the newest Web3 social media feature launched by the LeoFinance Team: LeoThreads.

PolyCUB's monthly report covers progress by the DAO in terms of buying POLYCUB and distributing it to vexPOLYCUB's staking contract.

The LeoThreads coverage focuses on our newest feature for LeoFinance's Web3 platform: microblogging.

Never before has anyone been able to solve microblogging directly on a blockchain with 0 fees and a high degree of scalability. Users can now create hundreds of microblogs per day directly on the blockchain. This was never possible under any other platform or blockchain in existence.

All had either fees for transacting or weren't second-layer content setups which created a "frowned-upon" environment for microblogs.

This is the ultimate microblogging platform on Web3. The first of its kind and likely to be a killer application of Hive blockchain technology in the future.

About 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.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

Posted Using LeoFinance Beta

hive development web3 threads proofofbrain oneup ctp palnet leofinance
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24 comments
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Never before has anyone been able to solve microblogging directly on a blockchain with 0 fees and a high degree of scalability.

This absolutely amazing to achieve such goal and hardwork towards it and it feels good to be there to socialize with others.

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... on a blockchain with 0 fees and ...

One day ppl will discover thre is also a "fee" on Hive.
Called the RC

Posted Using LeoFinance Beta

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Apparently, I just found out about LeoThreads a few days ago because I've haven't been paying the much needed attention to the blockchain. I'd certainly get fully involved henceforth.

Posted Using LeoFinance Beta

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Leothreads is an amazing entry that has help with engaging and allowed us to have microblogging. thanks to leofinance team

Posted Using LeoFinance Beta

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LeoThreads has a fundamental issue though. Which will work against growth.

  • Microblogging on HIVE is considered shitposting.
  • Thus rewards for Threads can only exist within Leo.
  • Users therefore are not likely to get much rewards but still need RC to keep posting Threads.
  • If little to no rewards come to users they run out of RC which results in no activity (growth limit)
  • Or they need to purchase Hive/Leo (which seems like a positive but from outside looking in..)
  • Makes Threads a PAID PARTICIPATION microblogging platform.
  • Whereas Twitter is FREE with a much bigger audience.

I can only see limited growth by people that are OK with all the above.

You need to provide (capped) guaranteed incentives for Threads in order to maintain participation or it will turn out just like all else on Hive.

Big hype and buzz at the start then it fades away and gets forgotten.

Without a solid model for growth this Threads thing is not the 'killer app' people think will bring boom uptake for Hive.

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(Edited)

this should be solved with the upcoming delegation feature of RCs in the next HF (if the LEO team decides to support their community in this way)

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These are valid questions, however one key part of LeoThreads has already solved this:

Threads are NOT top level hive posts.

Threads are already earning HIVE + LEO.

No hive policeman can say that threads are shitposting the chain because they aren’t posts. Yet threads users are still earning both second layer and first layer rewards. One of the beautiful things about the second layer is that even without first layer rewards, it’s still rewarding. Having some small first layer rewards is still cool.

RC issues are easily resolved in one of two ways:

  1. hive RC pools solves this
  2. if hive RC pools didn’t for some reason, we could easily build a bot that delegates HP to users who are threading and running low on RCs

Hope that clarifies

Posted Using LeoFinance Beta

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one smaller problem I see is that threads is still integrated within leofinance which acts as a kind of barrier for all people not interested in finance (although all topics are allowed on threads). But I suppose this will be remedied with Project Blank (?)

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Potentially, but people are already starting to see that Threads is an open-scale platform. No barrier on content

Posted Using LeoFinance Beta

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I believe that Hive is just one unique platform and leofinance community and its amazing dev are doing a great work behind the scenes and that has helped the community in creating sure a free to use microblogging.

Nice work to all the dev that has made this possible.

Posted Using LeoFinance Beta

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web 3 is indeed in the palm of our hands with all these savvy innovations being put into place by the Leofinance dev team . There’s no stopping us on here !

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Apparently, this is one of the best development here on Leofinance, a very good one from the team

Posted Using LeoFinance Beta

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