What a day it has been.
Because of that, I am going to keep looking forward because, well no rest for the weary. Leofinance is bringing game changing technology to Hive. What we are seeing is really amazing.
For this reason, I want to discuss what Khal mentioned during the AMA. However, before getting to that, it is important to cover, briefly, LeoThreads.
The new LeoThreads UI is amazing. It is clean, fast, and does have that Twitter feel. We are in alpha so the features are rather limited at the moment. The promise is that, based upon feedback, more will be added each week. The key is to thoroughly test out what is developed and live.
We are also in the debugging period.
Nevertheless, the overall reception of the new front end appears to be very positive. To me, this is going to radically increase one of my main on-chain metrics, transactions.
A number of weeks ago I wrote about the exponential aspect to LeoThreads. Now that we have the updated interface, it is best to revisit it. This is how we will kick off the network effect on Hive.
Before getting to that, we know that we have microblogging on Hive. This is ushering in the era of micro-earning, whereby people are earning small rewards many different times throughout the day.
Now we have another term to coin: micro-activity.
This is a lot of activities related to microblogging. It also feeds into micro-earning.
Here is a screenshot I took earlier.
These were two successful Threads. Notice the activity the two generated. There are 10 comments and 18 votes related to thse two threads. That is a fair bit of activity tied to two simple threads.
This is the premise of micro-activity. If we get thousands of top level threads going each day, we can see a 4x or 5x in the total impact on Hive. Considering the entire blockchain does around 25K comments a day, this is a dramatic change.
Here we have the first focus for the Leo community.
This is something that was mentioned on the AMA (along with being discussed over the last few months).
It is an idea that follows Substack.
Here is how the main premise could work.
Here we can see how this can benefit both Hive and Leofinance.
Each of these layers also requires resource credits.
Another key feature is the fact that we are creating a circular economy. The entire Leofinance umbrella is captured, in theory, under the LEO token. Here is where building value for the community, both content creators and consumers, is of benefit. Those with stake keep getting rewarded each step of the way.
How big can this be?
We look to substack as an example.
If subscriptions equal even a portion of that, we could see thousands of them per month.
From the same article, here is another key point:
If Leofinance is taking a small portion of each payment and using it to buy LEO, how much is required to sent the price soaring. We know there are only 14 million LEO total on the market and most are staked. That means tens of thousands of dollars in buy pressure is going to make a radical difference.
Now that LeoThreads is released in alpha, we can look to the next level of advancement. Subscriptions could end up being a powerful revenue generator.
The building never stops.
If you found this article informative, please give an upvote and rehive.
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