Onboarding is Hive's Recipe for Success - GameFi & Move-to-Earn 🔥
Hive blockchain has perfect features such as zero transaction fee, nearly instant transactions, Delegated Proof-of-Stake and we can also mention Decentralized Hive Fund, governance on Witnesses, and many other strong sides.
In the last 2 years, Hive ecosystem non-stop built dApps, and, meanwhile, some services are updated (such as 5 mins window; APR rate for HBD on Hive Savings). We could clearly see that Hive can host millions of transactions (stress-tested in Splinterlands rush 😎) and Hive is one of the best places to build dAppps on.
Today, now Hive and Hive projects are working cross-chain and Hive products are increasing their active users, volume, and reputation. While HBD is serving %20 APR for stablecoin (outperformed UST with %18), all eyes are on this Hive-backed decentralized stablecoin ✌
Since Hive already has great products in the ecosystem, we have difficulty in spotting their benefits for the growth of our homeland. Meanwhile, I realized that onboarding may outperform the other amazing narratives considering the conditions of crypto.
Gaming on Mainnets - Hive & Trendy Crypto Projects
I'll keep supporting my claim that the future of Hive is based on dApps. Though De-Fi is also free, instant, and operational; Social-Fi is lead by Hive (LeoFinance, Peakd, Ecency; short-posting Liketu, inji & Dbuzz), dApps are keys IMHO.
In one of his podcasts, Dan told that I want to see Hve in the future as the base of dApps. One day people will be using Hive dApps without knowing that it is operated on the Hive blockchain.
One single dApp, Splinterlands, made it happen for thePrice of Hive in a short time. Why? People need Hive to explore the ecosystem and direct their attention to several dApps on Hive ecosystem.
Guess what, Half million users (-> Hive accounts) and millions of transactions per day. Avalanche is dealing with high transaction fees because the Crabada P2E game signs %50+ of transactions that make the chain less user-friendly. Thus, Avalanche works on Subnets that can handle these transaction problems.
Though Polygon is one of the promising L2 solutions, the density of blockchain is not bearable for the second layer even when people hardly use a game called Cometh to sign transactions.
Basically, this is why Splinterlands, Risingstars, Rabona, Ragnarok and many others are flawlessly working while they are growing day by day.
Move2Earn - The Second Opportunity For Hive Onboarding
You may think that I lost my mind with Actifit's position in Movetoearn category but, honestly, people adore move to earn concept as they think that this is a good mass adoption example of blockchain projects.
StepN had been a problematic project because people think that the mechanism looks like a Ponzi scheme as users may need to hustle every day to get the return of their investment while the latter comers may buy less effective and time-consuming NFTs to start making a positive return.
What happens when people cease the buy pressure on GST price? Bad things..
Actifit, on the other hand, only requires a Hive account to start getting Hive upvotes, Sports tokens, AFIT tokens as rewards. The price of AFIT token on BSC is skyrocketing and there will be a bridge between Hive & BSC as stated by the developers.
There is a possible rush into the Actifit project (+ Hive ecosystem once again) if the move-to-earn concept can be associated with Actifit dApp in the eyes of crypto people. I think DHF can help actifit have a budget for PR, devs may give a hand to the Actifit team to be the number one rival for the StepN project.
Do not forget: It is (mostly) free to be a part of the Hive project but the other blockchains may not provide such a service 😉
TL;DR
The hive ecosystem has products for everyone. From %20 stablecoin investment of HBD to De-Fi, NFTs and Social-Fi, there are several great projects that are up for thousands of people.
Among all these projects, I believe Game-Fi (lead by Splinterlands) and Move-to-Earn (the newest and hottest concept) are the major branches that Hive can easily outperform as it does in terms of Social-Fi.
We remember when the time when Hive was traded for around $3 thanks to the Splinterlands rush. Now, a similar thing has the potential to happen for Actifit Move-to-Earn dApp. IMHO, we may divert some resources and energy for Actifit's growth to accelerate onboarding.
Posted Using LeoFinance Beta
Hive is without a doubt one of the largest ecosystems in the crypto space. I think the HBD interest change is the killer feature we needed to see massive whales jump in.
Who follows whales? Minnows that hunt down opportunities like Move To Earn. Play to Earn. DeFi. Blogging. Web3
Posted Using LeoFinance Beta
After the %2 reductions on APR for UST, I believe HBD is by far the most profitable decentralized and backed stablecoin. Whales can be hunted for this juicy APR as you mentioned.
For minnows, or let's say an ordinary crypto enthusiast that believes in the future of crypto, Hive is the place where we can serve them dApps that have real value and product. These minnows can spread the ads of Hive projects faster than the whales do. Just like in the Splinterlands craze, we may raise awareness on Actifit and Hive via Move-to-earn trend ✌
Posted Using LeoFinance Beta
This is completely right. The whales are going to hunt down the next big algo-stablecoin blockchain.
If we can position HBD and Hive correctly, we could onboard the masses and easily push HIVE into top 20 by market cap.
I believe the final missing piece is having sufficient on-ramp and off-ramp liquidity for HBD. I’m doing my best to deliver this with PolyCub.com/farms and pHBD!
Posted using LeoFinance Mobile
CUB Projects (PolyCUB and CUB in BSC) did something crucial for the Hive ecosystem, these projects made Hive platforms cross-chain thanks to LeoBridge. IMO, this was the first issue that needed to be fixed.
I was thinking that CUB Finance may have AFIT /BUSD or AFIT / CUB pool to build a bridge between Hive and BSC. It would be beneficial for both AFIT and CUB Finance
Posted Using LeoFinance Beta
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I am not really sure if I would say Actifit would really be the key to onboarding users. It's nice to walk and earn but the process of converting into earnings would be way too complicated. At the same time, I don't really see them doing much promotion and their BSC venture still doesn't have the bridge working.
Posted Using LeoFinance Beta
Unfortunately, we are racing against time. There are new projects popping up each day. Actifit is one of the oldest and commonly used dApp among them. Every day I check the discord channel and get hyped with new users joining. This is why I believe Actifit can onboard thousands of people quite easily
Funny to see that your not even taking into account the massive social media dapps potential that hive has. I'm seeing more and more people (mainly females) onboarding through Liketu, a simple dapp mostly focused on photographs with some text.
Nowadays I am totally focused on move to earn hype and the potential of Actifit. However, you are right about the fact that many female influencers will change the history of Hive 😌