Hive for the longest time was a rather small platform with nothing else going on with it besides a article site where people would come write up articles and then vote on others articles. Maybe you would see a few comments on posts but general activity on the hive blockchain was rather low.
Most communication took place off the blockchain on solutions like discord for the most part and while that's still present we are seeing a lot more that those conversations are now sifting directly on to the blockchain with new applications and ways to use the hive blockchain.
The biggest bolster that really put Hive on the radar for many was during the last bull run they heavily centered around what is know as P2E or Play to Earn games. Splinterlands which set all new records. Hive reaches over $3 a token and a userbase that exploded primarily in accounts created for splinterlands but a few new bloggers as well on their frontend which offered SPT tokens.
However we have now been in a bear market for a little over a year and everyone is really starting to feel it. From users to platform owners it just feels like everything is slumping lately. But wait... there's a glimmer of hope out there as a feature I've been waiting for nearly two years will finally be coming to light.
That feature being LEO ADS!
With the rebrand of InLeo threads has become a large part of it. But we have also seen that ads are on threads as well as articles and myself and a few others have been hitting it hard with SEO, Social and just general traffic for a while now. All of those funds have been accumulating and soon they will be released.
Now I can't speak for InLEO the company but what I can say are just things I've heard from podcasts over the last two years about how I think it will all go down.
Those who hold LEO tokens powered up will now have a ticking APR on their powered up LEO much like you see with Hive powered up which is currently collecting at about 3% I have NO idea what the APR might look like for LEO but so far it seems like it could be upwards of 5%-10% levels.
All of the funds that have been accumulated over the year+ will slowly trickle out over a few months. (I speculate a 12 month window) and all funds generated from LEO ads will be dumped into a smart contract. It also seems like some if not all of those funds will be buying up half hive and half leo and creating a liquidity pool I don't have the full details on that but it does open up a huge positive for hive and leo in providing more liquidity off exchanges and more so in DeFi/DeX.
There's also a hint at many other features that will be coming soon. But November 1st is currently the date for LeoAds to be going live. Of course that is subject to change but that's about 3 weeks away! Just three weeks away for something I've been waiting for, for what feels like two years.
LeoAds most likely will be expanding as well. One feature would be to create a premium subscription for InLeo which would give you a checkmark and some other cool perks.
On top of that there's been talks about a internal ad system which could be anything from paying for a trending hash tag, promoting your thread, promoting your blog post, showing yourself at the top of people to follow etc. All of these funds would be collected and go into the pool as well and there's been talks about it not just taking HBD, hive and leo but also other crypto assets.
As threads and InLeo grows so will the pool, more users means more sponsors and while they might be a bad thing on other platforms it's instead a great thing on this web3 platform in where users are rewarded for using the platform in a correct manner.
It's the single platform I've really seen that's really shaping up into what web3 should be. While it's taking some time I'm excited to finally see one of the biggest web3 factors come to life. So mark your calendars for November 1st 2023 because to me that's the day when we start to really see true web3 take shape right here on the hive blockchain.
Posted Using InLeo Alpha
Yeah I've been away for quite some time and there has been a lot happening.. I saw the change coming back now.
Can't wait to see how LeoAds will turn out...
Been waiting on these ads for a long time. Great to finally have a date for release.
I really like the rebrand from leofinance to inleo and I didn't know about the Leo Ads release date, so thanks.
Lea Ads is really a wonderful feature that I think will push and help LEO and also HIVE
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Impressive work King @bitcoinflood, libertycrypto27(2/6) is in awe of the time and energy you put into creating this post. Your contributions to this community are invaluable.
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I don't understand how ads will make Hive more Web3. Can you explain that.
Any web3 platform is going to have to generate revenue. It's not free to run a website and it costs money, domain, server costs or even if you outsourced it to a CDN network you need to reward them with a token but how does that token get real monetary value outside of simple supply and demand.
By running ads like we see on web2 but the ads are done in a way to not cater to the ad platforms and start nixing content etc. That ad revenue then goes back into the token, users and creators unlike web2 where companies become massive billion dollar corporations.
I'm aware of the costs of running an operation. This is the same for Web2 and Web3 operations, hierarchical companies and non-hierarchical organizations alike. Is the current rewards system not generating enough revenue to cover those expenses for Hive? If not, why not?
I guess I would have to see the ads in action to understand the tokenomics better. I've never seen anyone explain it in a way that makes sense to me.
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You sure about that? It feels like it has been closer to two or three years! This is definitely exciting for us who have been using Leo for a while. I have a pretty decent stake, so I hope it pays off well for me.
I wouldn't call the bear market in the first few months when bitcoin went from 70k to 15 k part of the bear market. That's more of the crash while the bear is more of a stagnate process of which just started in June 2022. That's simply how I look at it though others of course might have a different view on that saying as soon as it started to dip from the all time highs that's the start of the bear market.
Gotcha. That makes sense. It all feels like a bear to me. If I'm not rich, then it's a bear :)
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I'm still very new to learning the full capabilities of Hive. I came in late 2021 to play Splinterlands, and I've stuck around to learn about the front-ends like PeakD, 3speak, and InLeo. I'm really enjoying all the fun content showing up in my feed, and I love that it is from a web3 blockchain I support and believe in.
Slowly but surely, I've been more consistent in spending time writing and interacting with threads on InLeo. I'm thrilled at the experience of watching the platform redesign itself in real time and have made creating thoughtful content on InLeo/PeakD/Hive more of a priority than wasting my time on the web2 apps run by the big tech players. Decentralization is the way!