The Hive Web3 SocialFi

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There's definitely no doubt Social Finance (SocialFi) has been one of the most trending conversation for the year 2023 in the crypto space. Even though the technological approach to rewarding content creators for their activities and contribution in the community through Social Finance has been in the crypto space for the past few months from now, SocialFi began to become more popular and relevant in the crypto space after the launch of "Tip Coin" an Etherium Based Web3 project.

Social Finance has now made it possible for content creators and community (project) contributors earn valuable rewards whenever they make valuable contributions in the community or project through their Social Media accounts. This new Web3 development utilizes Blockchain technology to monetize social interactions generated by users.

The good news is that we now have a SocialFi project built on Hive Blockchain which enables you to earn additional rewards whenever your content is being shared on other Social media platforms like Twitter or Reddit. This Web3 SocialFi on Hive is known as POSH. Let's delve more into this Web3 SocialFi developed on the Hive Blockchain as you'll also be learning all important things you need to know about POSH including ways to earn POSH Tokens.

The Game Changer is Here

The word "POSH" is an acronym for "Proof of Sharing" built on the Hive Blockchain. The POSH token operates on the second layer of the Hive blockchain through Hive Engine, aiming to encourage the sharing of Hive content on Social Media platforms like Twitter or Reddit. Users can earn rewards by sharing Hive content on web2. If you include a Hive post link in a tweet and use the #hive tag, the bot will automatically share your tweet alongside the corresponding Hive post.

Even though POSH has been active on the Hive Blockchain for several years, it's surprising that many new Hive users overlook the chance to earn additional rewards for their content through this Web3 SocialFi platform built on the Hive Blockchain.

POSH has really been helping most experienced Hive content creators earn additional rewards whenever they share their blog content links on either Twitter or Reddit. You can definitely make use of both Social Media platforms to increase your chances of earning more POSH Rewards.

I have been a beneficiary of earning valuable rewards on the Hive Blockchain through the use of POSH and I'm also quite sure you can also start earning the same way too on the Hive Blockchain. I guess it will make more sense by guiding you through the required steps on how you can start earning with the Hive Web3 SocialFi (POSH).

Getting Started With POSH

The first requirement is to enable you have a functional Social Media account such as Twitter and Reddit. Also, the benefit of earning additional rewards from POSH is only opened to content creators on the Hive Blockchain.

The next step is to launch or visit the POSH App website Hive Posh with the link below ;
https://hiveposh.com/dashboard

It is required you login using Hive Keychain as shown in the image below;

Click on the confirm button for authentication

As you can see in the above image, I've successfully logged into Hive Posh using Keychain.

The next step is to click on the link more account button as shown in the above image

If you wish to link your Reddit account and start earning POSH rewards for your contributions via Reddit, you can click on the Reddit button but in this tutorial I'll be making use of Twitter which explains why I clicked on the Twitter Button.

You'll be redirected to the Twitter authorization page shown in the image above and then click on the authorize button to link your Twitter account with Hive Posh.

As you can see i already have both my Reddit account and Twitter account linked with Hive POSH. Always remember this works for both Twitter and Reddit depending on the Social Media account you intend to link with Hive Posh.

Also don't forget to claim some free $POSH Rewards whenever you come across such on your browser 😉.

For Twitter Users

When it comes to earning POSH rewards with your Twitter (X) account, it is recommended you include the hashtag #hive #posh on your after generating your hive links on your tweet to enable the POSH bot notice your contribution.

For Reddit Users

When it comes to earning with your Reddit account using POSH, it is important to note that you are also required to share your Hive post link on any available Reddit community expect for the below communities (Subreddit) ;

hivenetwork, LeoFinance, Ecency, Splinterlands, Actifit, HiveBlogPosts, HivePH, HiveNet, hiveblocks, Open_Dialogue, Cocina_Creativa, Wordfall, newsoffinance

Converting/Trading Your POSH Tokens

After earning POSH rewards from your contents, you also have the option to trade, hodl or swap your POSH tokens into other supported tokens built on the Hive Blockchain. You can also trade and convert your POSH tokens directly into $HIVE.

One way of doing this is by making use of Hive Engine. Visit Hive Engine DEX to trade your POSH tokens directly into HIVE as seen in the below image.

The second option is to make use of Hive Keychain as it enables you to swap $POSH directly into any supported token built on Hive Blockchain or you can also convert directly to $HIVE as seen below

POSH BENEFITS FOR HIVE USERS

As a consistent blogger on Hive and consistent earner of POSH, this Web3 SocialFi will benefit both Hive community and Hive users in the flowing ways;

#1 ADDITIONAL REWARDS
POSH enables Hive users earn more valuable and additional rewards for their contents through the use of Blockchain Technology integrated with Social Finance. Hive users will be able to earn Hive tokens for blogging on Hive and POSH tokens as a reward for sharing their contents to other Social Media platform.

#2 PROMOTING HIVE BLOCKCHAIN
Another great and important benefit of POSH is that it also serve as a means of promoting or publicizing Hive Blockchain across other Social Media platforms which can lead to Mass adoption of Hive. This will definitely attract other users outside Hive since most users will definitely want to make money with their time and internet subscription.

#3 INCREASED CONTENT VISIBILITY
Whenever you make post on Hive, your contents get stored on the Blockchain which enables other users within the Hive community have access to read and engage/interact on your content.

Since POSH enables you to share your content on other supported Social Media platforms such as Reddit or Twitter, this will definitely help you gain more interactions and viewers for your content. Thus, this will help you increase your content or post visibility since other users outside the Hive community will be able to go through your content just by clicking on your blog posts link either on Twitter or Reddit.

#4 WEB3 INTEGRATION
There's definitely no doubt Web3 is the real deal and the most trending in the crypto space which has led to various developers and project migrating from Web3 2 to Web3 whole new project are already building on Web3 directly.

POSH integrated with Hive as a SocialFi platform enables you to take part in Web3 activities which leads to you experiencing the benefits and features of decentralization in the crypto space.

#5 CROSS-PLATFORM INTEGRATION
POSH is currently supported on two Social Media platforms which Twitter and Reddit. As time goes on POSH may be integrated with other Social Media platform outside Hive Blockchain such as Facebook, LinkedIn, Instagram, TikTok, Truth Social, and many others which can lead to increasing visibility and engagement.

CONCLUSION

As we continue to experience more development and evolution with latest Blockchain technology, it's really a great feeling as the Hive Blockchain isn't left out when it comes to exploring great features like this. The Hive Web3 SocialFi will definitely serve as a greater advantage for both Hive community and the Web3 community as a whole.

With POSH as a SocialFi built on the Hive Blockchain, content creators on Hive will be able to earn more additional rewards for their contribution in the Hive community and at the same time increase the visibility of their content across other Social media platform.

Reference Links

• https://join.hiveposh.com/

• https://hiveposh.com/

• https://hive.blog/posh/@acidyo/posh-info-and-faq

• https://www.binance.com/en/blog/tech/socialfi-combining-social-applications-with-crypto-1995903811354115381

• https://blockworks.co/news/socialfi-web3-social-media

• https://cointelegraph.com/learn/what-is-socialfi-a-beginners-guide-to-the-social-network-of-the-future

About Me

I'm Adebola, a proud graduate in Agricultural Engineering (BSC). My passion for self-development and productivity drives me to constantly seek knowledge and conduct research. Over the last five years, I've immersed myself in the world of cryptocurrency and blockchain, growing more enthusiastic by the day. My diverse hobbies include reading, writing, enjoying good food, participating in agricultural activities, traveling, designing, and blogging. I possess a range of skills, including content writing, graphic design, UI/UX design, copywriting, internet marketing, research, data analysis, and basic coding. Don't hesitate to connect with me through the links below;
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If its your first time here?? Start blogging on Hive and start earning free Hive tokens and HBD.
Hive : This is a native cryptocurrency used to reward Hive bloggers. Hive has a thriving ecosystem of over a hundred apps, communities & projects and is home to some of the most-used Web3 apps in the world, such as @splinterlands, @peakD, @HiveBlog, @leofinance and many others.

HBD : Hive Backed Dollar is the stable coin used on Hive blockchain. It is pegged to the price of one US dollar and users can earn 20% APR on HBD savings.
Learn more about Hive blockchain here

Thank You for your time and I hope you have a great day ahead with love from @hardaeborla
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