Hello all ,
Hope you are having a good weekend.
As we all know , there are thousands if not lakhs of cryptocurrencies right now and when it comes to Hive alone , there are hundreds of tokens built on Hive Engine .
Source : Pixabay
Different types of tokens on Hive
Well there are many types of tokens on Hive , on the top of my mind these are the ones I can mention
- Miner tokens [ LEOM , LENM ]
- Investment tokens [ Like SPI , LBI , BRO ]
- Tribe tokens [ LEO , POB etc ]
- Other cryptos [ swap.ltc , swap.btc etc ]
Now Miner tokens obviously mines other tokens that's its only usecase as far as I know .
Investment tokens - I don't even have to explain , they invest in various other tokens/projects and give you dividends .
Coming to tribe tokens , most of them doesn't have a usecase if you ask me . LEO is an exception in this case as they have numerous other projects of their own where you can use LEO .
For most others , apart from staking , there aren't much usecases and that too staking gives you back the same coin again .
POB usecase?
Again , ask yourself - where can you use POB ?
So far I can't use it anywhere apart from staking it and using the curation rewards by upvoting to earn POB again .
So if I have 1 million POB tomorrow can I use it anywhere ? Nope . I can sell it on the exchange ofcourse provided that someone else will buy that but again what will that user use it for ?
My suggestions
Guys remember I am just providing my views here .
- Before going to the usecase , my suggestion would be to actually find a source of income for the developers / moderators / owner of POB .
- How can we do this ?
- Ads on POB . Just like LEO are doing it . We gotto get a ad network so that we can display ads on POB front-end and generate income .
- Hiring good content writers on Hive itself to write good content and pay them per post. I will discuss this in length in next section .
- How can we do this ?
- The users who are owning POB should get back something
- So as mentioned above , if we have ad network and we display ads . The money it generates can be distributed to the POB holders on percentage basis . Say if I own 10% POB of all POB out there , I should get 10% of the money generated through ads .
- Second as mentioned above , the Hive and other tokens generated through the second method posted should also be given as dividend to the POB holders .
Hiring content writers on Hive and distributing the earned Hive to holders of POB
This is one thing which I have been thinking of for quite a while now .
We have our official POB account right ? Whatever is posted from that account , the Hive and the other tokens which are generated through the posts / comments from that account - 50% or 75% which can be decided later on should go to the holders of POB . We can set a rule that you should own atleast 1% of all POB to be able to receive dividends so that it puts buy pressure on POB on the market .
Now one account isn't that much and since it is the official POB account , it should be reserved to only posting about POB updates so my suggestion would be say something like this .
- Hire me as content writer for say data related posts, pay me 2$ per post [ No matter how much the post earns , I will just get 2$ per post fixed ] .
- Hire someone who is knowledgeable in sports , pay him 2$ per post to post on Hive about sports related stuff [ and also on sportstalksocial ] .
- Whatever the Hive which is earned from the above and the related tokens should go to the POB holders .
Well hold on , why should I agree for 2$ per post when I can actually post from my own account and take all the Hive ?
- 2$ is an arbitrary number I posted , we can or @proofofbrainio can decide per post value or if someone agrees to get paid in POB itself then great .
- Instead of depending on votes of others to get paid , I have a fixed income .
- Meaning - there are so many authors on Hive . Some of my posts go upto 10$ and some of my other posts get less than 0.5$ right ? But the amount of time invested in both are same . So here instead of that variable payout , I know that I get 2$ fixed + maybe some POB if @proofofbrainio thinks it is worth it .
Now let's say all my data posts are getting paid 40 HIVE author rewards on an average then I will demand @proofofbrainio to pay me 4$ instead of 2$ , you got my point right ?
Now while paying out the 40 HIVE author rewards , @proofofbrainio can deduct 2$ or 4$ from it and distribute the remaining .
Now if we have a team of 5 posting 2 posts each everyday [ 10 posts per day ] then I think it is good for the author , Hive and POB users as well .
This can be done by any tribe
Yes , this can be done by any tribe owner not specifically POB . I am just putting my idea out there . If any tribe owner wants to grab this , good for them I would say .
If you need any help setting up the distribution of rewards etc , you can hit me up on discord or here on Hive I will help you out .
Let me know your thoughts .
Regards ,
MR .
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Interesting.
How about developing dApps that is similar to Patreon, KickStarter, and OnlyFans?
!1UP for bringing this up. 😊
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The idea of publicity seems interesting to me and I don't know why more tribes don't execute it. Maybe it's because of the low volume of users. But you could also integrate advertising from the multitude of Hive projects out there, like @hiq.shares does with its magazine.
I think most tribes receive @ecency points for posts but they don't distribute or promote posts either.
I guess it's difficult, I don't lead any tribe, the managers should talk more if they see these initiatives as possible.
I appreciate anyone that tries to improve whatever community or initiative on the Hive chain but to be honest I am not seeing a lot potential for PoB in particular regarding use cases - there is no differentiator - what is the USP of PoB? The name alone is simply a small mirror what Hive and other chains should be about, there is not focus or special topic, it is broad and everyone can use the tag for whatever nonsense or value they produce. Sorry to be frank
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@yeckingo1 and @amr008
We, @hiq.magazine, also can't pay our writer well. We came up with the idea of HIQS to earn more to pay our writers. But it is still not much, cause we had some ups and down.
The whole idea you came up with is pretty much the idea of 3speak aka spk.network to give the token an use case. We found over 44 tribe token and wrote down an article about it. If I think about it maybe a hand full of tribe tokens has an over usecase except from being a tribe.
!hiqvote
!PIZZA
Very interesting .
Can you give me a post which explains this further ? Would love to read it .
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In the newest post of @hiq.magazine we summarized the 3speak presentation and you also find further links.
!PIZZA
I gifted $PIZZA slices here:
curation-cartel tipped amr008 (x1)
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You have received a 1UP from @thecuriousfool!
@leo-curator, @ctp-curator, @vyb-curator, @pob-curator, @neoxag-curator
And they will bring !PIZZA 🍕.
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I'm not sure what kind of reveneu ads could generate right now or if the that would be a good move at this time or not. I was recently looking at the application to be listed on binance and it requires some type of monthly repor. I do think it would be a good idea to get that going in some way.
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