Hey, everyone! It’s common to talk about Hive Power and why it is important on the Hive Blockchain, but not many people understand the value of Resource Credits and why they are a key characteristic of Hive.
In this clip:
- Resource Credits as the value capture for the Hive token
- Business owners need to invest in Hive to scale their applications
- Delegating RC makes it easier for new users to start using an app
- INLEO aims to grow to the point where it needs to increase its Hive investment
Unlike other blockchains, where gas fees are paid with the token itself and can be expensive to build on, Hive operates more like a gas tank. You don’t need to keep buying the token to pay gas fees; instead, you buy it to scale, perform more transactions, and host a larger user base.
If a platform like Inleo grows to 10,000 monthly active users, we will need significantly more Resource Credits to store more data and delegate to new users, so we have to buy more Hive and stake it.
The average user won’t come in and buy and stake Hive; it’s the businesses that will buy and stake it, and that is where the growth in the value of the token will come from.
Posted Using InLeo Alpha
This is the reason that I am looking at trying to keep my HIVE and LEO stakes ~=.
So far, I need to do some rebalancing, but I will get there.
Best of Luck getting there!
My will is strong. 💪
You are Right. I am try my best to increase my hive power everyday. Thanks for sharing
Yes!
Maybe INLEO can single-handedly bring in 100,000 MAUs one day, who knows. It would be ideal if several projects started picking up momentum and contributed a few thousand MAUs each. I think it could start a chain reaction and kick off a flywheel.
I feel that it would be more attractive for inleo companies as long as they improve their dapp which could be more intiutive, improve the benefits of being premium and that their videos do not depend on the 3speak platform.
That could be attractive for new users to enter hive and therefore invest in hive and leo tokens.
Another aspect is that you have to consider the Hispanic audience, in my case I have to translate everything because there is no one official who speaks the subject in my language. Blessings