Who would initiate a 13 week unstaking process for $20 in some cryptocurrency? In most cases, they would simply abandon the account. Price change based on selling (supply) and buying (demand). If there are less investors/users selling, it becomes difficult to push the price down. When the demand comes, the price is more likely to go parabolic. This could be the case for $HIVE if we manage to onboard a large number of users and get them to have a small amount of HIVE Power. It is best if they remain active users. I would not consider it a must.
Idle Games Can Generate Regular Activity
There is an ongoing trend in cryptosphere with Tap 2 Earn. These act somewhat like Airdrops with extra steps and I do not know how effective they will be for the long term. During the previous market cycle we saw many DeFi projects that paid large APR for Liquidity Providers. Those who came for the rewards left the moment they could find a better deal. I lost more than $60,000 in CUB and POLYCUB. I know how hard it is to get ruined by expecting people to stick around for the long term.
We have a game that has proven to be sustainable for nearly 5 years. Any project that can survive a bear market should deserve some respect. Surviving two bear markets is rare and exceptional. The best part is having more activities available for players once they get comfortable doing a few Missions. It is best if you experience for yourself what the onboarding process and gameplay look like.
- There is no large time commitment required.
- Anyone can get started for free.
- There are both image and music NFTs to collect.
- Most NFTs have gameplay value.
- Trading fees are cheap and HIVE blockchain has no gas fees.
- Focused on a single niche instead of spreading too thin.
Above all there are new gameplay modes that players can naturally explore at their own pace. They might do it on their own out of curiosity of the various shiny and colourful objects around the UI. The only obstacle is that users have to install Keychain Extension to get started with the game. The advantage of having this obstacle is that all HIVE DAPPs get to onboard this @keychain user at complete ease.
Each of these small actions can get a user to become accustomed with logging into a HIVE DAPP and being a user of the blockchain. There are even fancy Soulbound Rewards that can be earned by completing certain activities in the game everyday. I have already set recurring transfers as part of Daily Achievements. Today's transaction has not been completed yet.
Get Users to Post and Interact
Do not sell this as a way to make money unless you are promoting in a country with extremely low cost of living. Even in that case, getting people to see earning as the main thing is not a good idea. Most people do not use traditional social media with the intention of being influencers or celebrities. Let the users post about their lives, games or simply comment on other user's posts. It is best if they invest a few dollars. LeoDEX makes it easy for those already have self custodial wallets. There are other centralized alternative that can be found on Swapzone and similar aggregators.
The above excerpt is from the @arcange's statistics report for October. What I would like to see is more users earning or buying their way into the bottom part of the graph. There is a strong incentive from Dolphins to Whales to take profits and sell. They may even face financial emergencies. I have sold parts of my portfolio even when I did not want to because of things that happened in my life. Even at those times, I did not pay attention to little bits of dust I had on blockchain or a CEX.
Imagine 50 Million Accounts With 5 HIVE
$LEO has done incredibly well even against $HIVE during the past few days. It has opened arbitrage opportunities as below. Wouldn't it be possible to get some traders get a HIVE account just for this trade:
The difference is almost a cent per LEO. We can showcase LeoDEX to the same users as a way to take profits and then invite them to explore other HIVE DAPPs and keep a $1 worth HIVE to perform transactions for free.
This will work for some niches. Traders are a small but technologically savvy niche. There are other things we can do for regular users. Click here to join INLEO. The process takes a few seconds and complete cryptocurrency noobs can earn few HIVE, LEO and some other Tokens and hopefully never cash out.
Then we have our many games that can provide constant engagement. The best part is that many of these gaming communities curate their own tag for quality content. More content on HIVE can help to improve SEO for both front ends and DAPPs. If you use a referral link, you can get paid for promoting your favourite DAPPs and creating more demand for HIVE.
Let's Onboard Some Users!
Posted Using InLeo Alpha
I am not so sure about that.
Some people go over each other even for a few cents.
The bad marketing of Steemit attracted many selfish and many greedy people.
That is true. As long as such people are a minority, we can aim to have millions of accounts with only few dollars worth HIVE in them.
Thank you for the mention @vimukthi.
Thank you for your statistics. I wish you posted them more regularly as you used to.