LEOFINANCE.IO: Modelling as a Social Community for rewarding Engagement with Crypto

LeoFinance
17 days ago
3 Min Read
674 Words

I have been a part of Steem since January 2018 and later metamorphosed into Hive blockchain, there has been a challenge of retaining new users. This was so because most new users who are joining as content creators have no Power, thus, may have earn $0.00 as payout for weeks. I was in that shoe a few weeks after joining SteemHive. The introduction post earned some few cents and afterwards, the following seven to 12 posts were paying out as $0.02 or less.

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That was enough discouragements to back-out. In fact, many had acked out for that single reason. I t took several weeks of dedication and engagement to begin to earn the attention of some whale curators then on my blog. A user like @Surpassinggoogle was very helpful then. What kept me going was be resolve to give my est to this chain and make the most of my time. Most importantly, I was driven to learn than earn.

However, as I grew on the chain and began to help onboard new user, I was able to guide them well to earn as much as $2 to $20 on their introductory blogs. With the creation of Hive tribes, onboarding new users has become more easier for me and I'm able to incentivice them with my second layer tokens till they settle in their choice niche in the community.

With the development of bots and auto curation functions, most new users got lost as some curators would follow auto trails to maximize their curation earnings. Thanks to the @LeoFinance community that changed the narrative by introducing the flat curation for LEO token.

As we stated in the official announcement about the linear curation curve, this is intended to level the playing field for manual and auto curation. It does not incentivize manual curation higher than auto curation, but rather removes the disincentive to manual curators. Under the old curation system, manual curators actually sacrificed rewards to auto curation bots who voted just a few seconds after a post was published. - source

While the intent of the introduction of the flat curation curve was to help encourage manual curation of contents while removing the disincentive to manual curators through the early voting of auto curators, my essence of my writing is pointing out the effect of flat curation on engagement of #leofinance contents.

FLAT Curation Curve, a Catalyst for Improved Engagement on Hive Communities

We all know the import of engagement when it comes to social media. Hive was lacking on this for the past years of its existence but there seems to be a turn around in the Leofinance community following the introduction of flat curation curve. In this new model of curation, a vote of 1 LEO on a native leofinance content, that is, a content (post and comment) created via https://leofinance.io/ would yield exactly a 50% reward to the author and 50% reward to the curator.

With this development, a curator is not afraid to drop a valued vote on a content irrespective of age as long it is within the payout window. Moreover, users like @Taskmaster4450le and @Onealfa.leo have dedicated their stakes to curating comments without fear of losing rewards. Below is a screenshot of comments on a post earning some tangible amount of LEO

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It is imperative that there would be improved engagement in the LeoFinance community as stakeholders can give out rewards without fear of losing their 50% curation returns. Last week, close to 1k comments were recorded from the leofinance interface according to leostats. I am seeing a sharp increase this week as more users are getting involved. I'll be glad to number among the top commenters this week.

Flat curation curve is the new normal to community growth. While HIVE curation may still remain as it is, second layer tribes could take LeoFinance.io as an example to boost engagement in their communities.


Which communities do you think should adopt the flat curation protocol next?

Posted Using LeoFinance Beta