WHY IS LEOFINANCE SO SUCCESSFUL ALL OF A SUDDEN?
I don't claim to have all the answers. These are just my observations.
First time i got to hear about leofinance was on steem. Honestly, i didn't give it much thought. Most communities i have seen are made up of circle jerks and one thing i hate the most is trying to appeal to a small group of people for upvote(s). I have always placed content over relationships. Secondly, most communities are just upvote farms--posting content for curation. No relationship is built. So basically you post your content in the supposed community and if it is good enough you get upvoted and it ends there. Thirdly, most communities are too broad for their own good and often attract the weakest links.
So what did leofinance do differently?
I think the trick was capitalising on the DeFi craze with the wLeo liquidity pool on uniSwap (which unfortunately got hacked). That was the first time i began to give leofinance some thought. A small group of people already branching out of the hive ecosystem. That was something. A lot was built on top of that. The developing team come up with their unique UI which i consider to be the best within the hive ecosystem. For the first time in a long while i actually found things to read easily. On hive it is a strenuous exercise of filtering through redundant and poorly written posts. So you end getting bored before finding something interesting to read. leofinance.io is like a one-page website with all the useful information you need and it is easy to navigate. There is a piece of everything on that one page so you can decide you want to pay attention to. Brillant!
The Leofinance community is relatively small with some of the best hive content creators as community members. It is a niche-based community/platform. Finance is a huge sector that is made up of different industries including the crypto industry. Thus, leofinance is not just a crypto-based community and it has a larger appeal to investors, analyst, etc
Gamification. There are various incentives to keep people playing/engaged. Innovation is at the heart of every initiative. As long as the developers come up with different ways to keep the attention of the community members they will keep playing and here is the beauty of everything: leofinance is always social platform where ideas (good and bad) are in continuous supply. Plus we have some of the best minds here and they are committed to building and sustaining this project.
This might sound controversial but i feel more comfortable holding Leo than hive. Why you may ask? I have come to understand that the smaller the group the easier it is to achieve a goal. Yes, we want this to grow into something big but the team, the quality of people and posts from this community plays an important part in its growth. if we grow too fast or slow, that might become an issue.
This post was inspired by @taskmaster4450's post, copying the Leofinance model. I don't know if other communities can replicate. like i have said in the past, building is difficult and most successful projects are successful by chance. It is a game of chance and the best way to double up on your luck is to keep building and innovate.
Posted Using LeoFinance Beta
