Many would have known me by now to be the addicted investor on Hive's second layer and I'm proud to be identified with that. It shows how powerful the second layer community leads and investors have been ove rthe last few months. Now, each time I try to tell anoyone about the investment opportunities that lie on Hive, all I present to them is the communtiies and then when they finally join, they wpould have been creating a Hive account.
Yesterday, I read @Taskmaster4450le's post titled "What Hive Is Missing: The App To Bring In The Users" that tried to explore what's actually missing on Hive blockchain which is actually a dapp that blends to much in simplicity to what web 2.0 social media has but has a functionality of the blockchain technology. It is true and we all have to look at the second layer communities for this solution.
Thus, success is going to come to those applications that make it very easy to operate, just like Top Shot did. By operating in a manner that people are familiar with, they can transition into this at a pace that makes sense.
I am so sure that we are yet to tap into the creativity levels that layers on Hive can afford and we'll have more amazing creations after leoFinance's ProjectBlank has been brought to light. Microblogging could be the way out but there's a lot more of creative stuffs that we'll see in the coming days.
With tokenization at Hive's second layer, we see that any community can be able to fund its creative idea and bring it to reality as well as provide a huge incentive module for its new users. We all know how scarce it could be to earn tangible upvotes sustainably as a new user due to how large Hive is, large diversification of contents and the distribution of stake, however, the communities get narrower and provides for high probability of noticing a new user's quality submission as well as a better incentive.
Today, while a new user with a solid sports content may not earn as much as $1 on his post, such may easily earn 10,000 SPORTS which has an equivalent value of $1 (at today's exchange rate). This makes the new user happy to still stay around the community and perhaps may not even be bothered about his Hive earnings. The token too is cheaper which may attract the user to invest and that requires getting some HIVE in the market.
Growing up the rank as per stake in these second layer tokens get a lot more easier except for those who are not well mentored to contribute value to the community. Each time, I'll use myself as an example. Within 2 years, I have been able to pool a stake of SPORTS that can give as much as $2 to a post at one trigger when my HIVE stake can barely give 5 cents.
Looking at hivestats.io this morning, I discovered that my staking and curation rewards have added up to $390 in the last 30 days and that's just a starting point if I may say.
SPORTS (61%), LEO (15%), CTP (15%) and Others (LIST, CCC basically) make up that sum from curation and staking reward pool. This is held by an account yet to hold as much as 10k HIVE in power. However, while I'm pushing hard to building Hive stake, growing with the second layer holdings get more merrier.
When we'll finally see LEO at $3, CTP at $1, SPORTS at $0.01 and LIST at $0.5, you can just imagine how much wealth would have been built from second layer. At this point, we only have curation as the only way to invest except for LEO with more than three alternatives. When other tribes scale up their BUIDL to three to four investment options, then we'll see a new wave.
I just noticed a local ecommerce entrepreneur requesting for BTC to purchase on Facebook, and then, I've started following up on him to see amazing opportunities available on @Clicktrackprofit and @Hivelist communities as well as the awesome commerce solutions provided by these communities.
Definitely, the second layer would be a safe and marketable entry point for investors and users. Let's see what props up before the end of 2021 Q2.
Posted Using LeoFinance Beta