LeoFinance & The Benefits Of Building On The Hive Blockchain

How Important Is Hive?

A lot of people are pretty active on the Hive blockchain, especially within the LEO community. However, there are a number of individuals that get discouraged by what many describe as difficulty of use, as well as lack of visibility. Unfortunately it is pretty difficult to obtain traction within this community, especially nowadays. The earlier you are, the easier it is! As the sea expands it becomes easier to become lost in the crowd and ultimately lose your voice. However, consistent production of quality content will ultimately receive recognition. I choose LeoFinance as my avenue of choice and find that some posts perform really well, while others seem to barely tick over. This sometimes happens and while a post may perform rather badly on LeoFinance, there are times when the same post can excel on Hive. Take a fairly recent post such as "PancakeSwap - The Gold Standard Of The BSC World", which performed significantly better on Hive than LeoFinance.

Posting to multiple tribes and earning multiple tokens and rewards is one of the biggest attractions to the Hive blockchain. The ecosystem is in a state of constant growth, renewal and improvement. There are many alternative platforms to the Hive ecosystem that have not only become stagnant but have seen earnings decrease significantly. This is counterintuitive to success by any standards. Building a presence on Hive is an absolutely imperative move in my opinion, especially if you are creating and putting out content on a daily or weekly basis.

Growth and earning may be slow initially but the benefits are worth the effort. Nothing good comes easily, despite what your government may tell you each time you receive a stimulus check ;)

Hive Is An Actual Blockchain Where Users are Shareholders

Platforms that enable users and bloggers to earn an income from their work are in essence extremely centralized though they are termed "blockchain social media" platforms. Blockchain does not necessarily imply decentralization. Look at Uptrennd, gone forever and never to be seen again! Replaced by an even worse platform, in my opinion. Building an audience on Uptrennd would have been a wasted endeavor, leaving you with absolutely nothing and having to build a following from scratch. This is where a project like Hive trumps individually owned platforms that can simply come and go.

The Hive ecosystem is literally built on a blockchain and when users power up their Hive or LEO tokens, they actually increase their stake in the project. What this ultimately means is that the more you power up, the more influence and weight you have within the ecosystem. This is however not a perfect structure because whales can ultimately enter and gain influence without even really contributing to the project. The old saying, "money makes money" begins to rattle off in the back of my mind. At this stage of the game, this does not really seem to be a significant issue on the Hive network though. This however was quite predominant in the mother of this model, Steemit.

All models have their shortcomings, although some will have significantly less than others. Hive is one such model in my opinion, due to the fact that users can work towards having a significant presence on the platform, as well as be owners and partakers of the project. They become invested, through contribution, curation and capital allocation. This is currently the best model available and should be taken advantage of, especially in these formative years.

I have been using this ecosystem for approximately 8 months, with my first article doing surprisingly well. Perhaps it was the content. Many are now starting to talk about Bitcoin cycles changing significantly, including thought leaders such as Robert Breedlove. In my debut post on LeoFinance, I explored this idea.

I have published a number of articles since then and have not really been concerned about the earnings. I just keep putting my content out there and allow things to mature and grow organically. 

Maybe it is time to consider the Hive blockchain if you have not yet created an account. New users can create a LeoFinance account via Metamask, which is dead easy and instant.