Recently I thought of how we can motivate more HIVE holders to keep their tokens on exchanges and move those funds into their Hive accounts and leverage them.
In that sense, I thought it would make sense to brainstorm as a community, I suggest such people why they should do that.
Recently, about 42% of the current HIVE supply (excluding DHF) is held on exchanges, while the same number is only 13% for Bitcoin. While HIVE is probably the best in comparison to other sub-coins, it doesn't change the fact that this is a decent KPI for maintenance and improvement.
Motivation
Lowering this percentage number will be beneficial for the Hive for a number of reasons:
Less selling pressure
Greater governance participation, decentralization and security.
More on-chain engagement and activities, support and direction feedback for dApps
And I think throwing Hive and Hive Power this way makes even more sense when it is likely that there will be thousands of new HIVE holders thanks to new pumps that don't know much about the token they are now guessing.
Effect on price
The first is probably the most obvious. With less HIVE in stock exchanges, it is less sensitive to selling pressure. Instead, in the long run, more people investing will directly benefit the token's value. So to convince more HIVE holders who keep their tokens on an exchange, who have no idea what they can do with these tokens as Hive Power in the chain. my information).
Governance and impact on security
Second, we have recently heard the frustration of a few accounts having too much influence on governance and especially on DHF. Additionally, the upcoming fork is imposing a management vote lag as it gets stronger as a mechanism to defend the chain against the sudden power-up by stock market accounts as in Steem.
Moving and powering more HIVE from exchanges to wallets will help both ways. And a much more efficient and result-oriented strategy.
Improved ecosystem efficiency and contributions
Third, the more token holders on the chain, the more life will be given to the ecosystem. This can happen by having more users directly using the sites and dApps, but also getting more user / investor feedback and having more potential dApps and / or Clan investors beyond potential Hive Power delegations.
All of this can make it more attractive to launch communities and dApps in our ecosystem, creating a positive cycle by making it more attractive to share and participate in tokens.
Is this the perfect community goal?
I think this can be an excellent "community goal" to collectively target and track our progress. To start, let's say the percentage of tokens held in exchanges is 30% within a year.
No one better than those who decided to have HIVE as Hive Power could not make this sales pitch. After all, we made this decision ourselves, and we continue to make it every day while maintaining the strength of our strength.
So let's do this!
Is there a place for a community competition?
We can imagine Huobi emailing this to users who have HIVE in their wallets on their exchange (when we were first listed they asked if we wanted to do it back, but the aphaik never had the time or capacity to do so).
What would you write on one page to encourage or persuade them to move and power their tokens to a Hive wallet?
Be informative but also concise and efficient.
List what you see as the benefits of having Hive Power. In a short sentence or two to explain this.
Include both the potential for a positive ROI and the excitement of being part of building and growing something with great potential.
Personally, I would love to read them and compile the best chapters I have found into an example of "best practice" that I will use myself as a resource for an effective and efficient One-page sales pitch.
My own suggestions for content
Regardless of whether this is a community challenge or not, I'll follow my self-proposed sales letter. I think using it as an existing resource for hive promoters, dApps, or new users to get excited can still be of great value.
So what should I focus on?
Ability to earn some staking rewards compared to keeping liquid on an exchange.
Ability to delegate projects that can generate additional returns and contribute to a growing ecosystem of practice and community.
It helps shape the development and direction of Web 3.0.
But first of all, I want to get the feedback and opinions of others. I think the only advice I will insist is not to put too much weight on perceived "ROI" from inflation-derived awards such as curatorial awards (not return on investment). Returns beyond inflation alone are actually a ROI (like buying additional tokens from a community or dApp with good potential) can help raise the price of HIVE higher than it is today, thereby benefiting from one's investment. You cannot do this alone in a trade!
I am waiting for your likes and comments...
