LeoFinance Community Creating Blue Oceans on Hive, Cryptoverse
Blockchain technology and cryptocurrency is growing in adoption and application and is becoming an industry in itself causing a lot of disruptions in the world of work, finance, data management, socialmedia, business loyalty rewards, gaming and lots more. With this growth, we're seeing a lot of creations, duplications of design and infrastructure, forks and competitions. The developers, leadership and marketers of cryptocurrency projects look for ways to improve their products to make it more acceptable and consequently rise in price than a similar project.
Red and Blue Oceans
Head-to-head competition has been an age-long occurrence in the business industry where companies look for a sustained and profitable growth for their product. Each company tries to fight for competitive advantage to edge against others in the struggle for market share and differentiation. This continued struggle lead to ovrcrowdiness and end in what W. Chan Kim and Renee Mauborgne call "red oceans.
RED OCEANS are all the industries in existence today – the known market space. In red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here, companies try to outperform their rivals to grab a greater share of existing demand. As the market space gets crowded, profits and growth are reduced. Products become commodities, leading to cutthroat or ‘bloody’ competition. Hence the term red oceans. source
For a new company with product to find expression and stand out in the market, there is therefore the need to create new uncontested market spaces that are ripe for growth and allow for value innovation which in turn render rivals obsolete while unleashing new demand. This shift and creation is known as blue oceans.
BLUE OCEANS, in contrast, denote all the industries not in existence today – the unknown market space, untainted by competition. In blue oceans, demand is created rather than fought over. There is ample opportunity for growth that is both profitable and rapid. In blue oceans, competition is irrelevant because the rules of the game are waiting to be set. A blue ocean is an analogy to describe the wider, deeper potential to be found in unexplored market space. A blue ocean is vast, deep, and powerful in terms of profitable growth. source
From bitcoin as the pioneer of cryptocurrency, many cryptos have been created with many promises of several and diverse usecases. While some have succeeded in creating these envisaged usecases, others have been a bunch of repetitions in operations and value offered.
Red and Blue Oceans on Hive blockchain
The Hive blockchain Technology is an Uncontested Space in itself. Hive is Fast, Powerful and Scalable. With a lead in tokenized community and several layers of earnings, Hive prides in growing decentralized apps and communities that leverage its infrastructure. The userbase of the Hive enlarged community continues to increase numbering to 3 million.
Simply put, we can say that Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. Hive combines the lightning-fast processing times and fee-less transactions, and is positioned to become one of the leading Web3 blockchains used by people around the world. source
Within the Hive blockchain, the several tokenized communities building here are basically operating for content reward, token mining, dieselpool staking rewards. Uniquely, the leoFinance community operates quite differently, creating new markets for its products rather than crowding the existing markets on Hive. Right from the inception, @leofinance has been concerned with stretching its reaches beyond the Hive blockchain by creating cross-chain bridges. This is a blue ocean.
© Chan Kim & Renée Mauborgne source
LeoFinance Community and Blue Oceans Created
In line with the Tenets of the Blue Ocean Strategy, the leoFinance community has successfully opened up a new market space for Hive and create new demand for Hive on the Ethereum blockchain, binance Smart Chain and Polygon blockchain. Presently setting a pace in the DeFi with its yield optimization model in PolyCUB. At this point, added value has been created for LEO and Hive as well as other products of the LeoFinance community. Specifially, the Leofinance creates Blue Oceans characterized as below.
| S/N | Red Oceans shared among all Hive communities | Blue Oceans created by LeoFinance only |
|---|---|---|
| 1. | Author reward | Cross Chain bridges (ETH, BSC, Polygon) |
| 2. | Curation reward | Cross-chain DeFi (CUB) |
| 3. | Staking reward | DeFI Yield Optimization (PolyCUB) |
| 4. | Minning reward | Microblogging (Project BLANK) |
The above blue oceans are characterized as follows:
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A depth of data and Research: The LeoFinance projects has been a product of in-depth research and simulations of operations of several blockchains.
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Low investment cost: LeoFinance projects imbibing the Blue ocean strategy is a low cost investment. From my perspective, this is possible by earning through content creation which is almost at no cost. You earn LEO and invest in CUB and PolyCUB.
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Uncontested and value-added market space: The innovations created y the LeoFinance community is helping to reconstruct Hive and opening it up for more opportunities.
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Process-0riented: blue ocean strategy and shift provides a systematic process to create your blue ocean. LeoFinance has proven this with its thought-out process and roadmap as defined in its Whitepaper. One thing at a time , the later built on the previous like what we have with CUB and PolyCUB.
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Maximized opportunities with minimized risks: Risks here are minimal. Forst, CUB and PolyCUBeing CUB and PolyCUBuilt on the Hive CUB and PolyCUBlockchain exempt us from fees. With several levels of reward systems, the overall profitaCUB and PolyCUB*lity of products are compounded. There is always something to win.
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Creating win-win outcomes: blue ocean strategy shows how to align the three strategy propositions (value, profit, and people) in order to create win-win outcomes. THis is what characterizes LeoFinance products. It relies on the community power to bring new members, thereby improving the chances for profits.
From the above, you would agree with me that the LeoFinance is creating blue oceans on Hive and the entire cryptoverse.
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur! I am @Uyobong. Let's connect on Twitter
Posted Using LeoFinance Beta
