Leofinance Has Its First Metamask Success Story
The road of a thousand miles starts with a single step.
In other words, we have to start somewhere.
Earlier this week, we saw the Metamask sign up feature added to the Leofinance interface. This streamlines the sign up process while allowing people to utilize Leofinance via an Ethereum wallet.
As we know, coming to Hive can be a daunting proposition. There is a lot to learn when one is new, a fact that could be turning people away.
Getting people active without having to mess with the different keys is a major leg up. Of course, the user always has the options of claiming his/her account along with the keys.
This week, we also had the first success story. An individual by the account name of @tin.aung.soe joined the Leofinance platform via the Metamask sign up process.
The introduction post can be read here:
Here we are seeing how the feeder system is being established for Hive. Leofinance is not separate from Hive since all posts end up being sent to the blockchain.
What is interesting about this situation is the same person put up a second post detailing how he was able to add some HIVE to the account and power up.
Here is the entire post:
https://leofinance.io/introducing/@tin.aung.soe/introducing-myself-and-hive-power-up-in-hive-blog
With 50 HP, this individual has all the Resource Credits required to interact however he sees fit. I cannot state what the inclination to buy Hive was in this case, but there was another 50 HIVE taken off the market.
Obviously, 50 HIVE is not going to make a major difference. A lot more is needed. Nevertheless, if this process is repeated hundred of thousands of times across dozens of different layer 2 applications, we can see how the demand for HIVE jettisons upwards a great deal.
All along, it was stated that the value of Hive comes from the activity that is taking place. For this to occur, we need development to provide the tools that offer users features they will use. Once the user is in place, Resource Credits are required which could cause some to buy the token.
Some might buy 50 HIVE, others might purchase 500 or 1,000. At the same time, if one is willing to power up 50 HIVE, any additional earned will likely be powered up too.
This is the value of utility tokens. As the user base grows, the demand increases. On Hive, some HP is required simply to interact. This is something that cannot be avoided. Thus, either the user or the application is going to have to provide enough for the person to get started.
Recently, a target of 40,000 users for Leofinance was set. This will come through a variety of outreach programs including the ability to have a multi-chain interface. Since all that takes place on Leofinance.io feeds back to the Hive blockchain, the benefit to the entire ecosystem is obvious.
A user count on Leofinance of 40K is the same added to Hive.
Together we all grow.
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I see if the demand for the hive is increased then the price so as second layer token and on that note sports token is doing pretty well these days
The price of the token is often not reflective of what is going on.
SPORTS has increased in price but has the platform moved forward in any way? Are there more users being attracted? Are more features being added?
This is where price can be misleading.
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Tin is the first of many more to come. 😍
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It is all so obvious. Or is it only to me (and to @taskmaster4450) ?
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I wouldn't say that Onealfa, many are singing out to shipwrecked folk.
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No it isnt only you. It is obvious where the future of Leofinance (and Hive) is heading.
Sign ups are the first step. Get people here from other venues. Then we must get them active.
That is why I keep harping upon engagement via comments. This is one way to get newer people to follow suit.
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A multi chain interface will likely help us reach that 40k target by all means. 50HP is small like you said but only if the actions of the said user who joined through metamask is limited. Which of course isn't, it's a gradual growth process of that chose to add value with what they're doing. Good to see metamask being put in use. Let's go for the moon.
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It is a small number but there are many who will aspire to have more HP. Even the author of the cited post could be one to add to his holdings as time passes.
50 HP might be the starting point and the first of many purchases. As we know, those of us who bought rarely only did so once.
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And I have a question how to import my mobile account matemask?
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You might want to ask that in discord to @khal.
I am not a metamask expert.
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Thank you
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@joseph230 - you want to signup to leofinance.io using Metamask?
If so, just head over to leofinance.io on mobile and then click signup with metamask. We worked in a special feature that utilizes something called a "deep link"- this deep link automatically opens the Metamask mobile application and re-prompts leofinance.io directly within the app.
Hope that helps!
I want import my acount to Metamask mobile
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Well, once the ride starts in mass it is going to be more phenomenon than it is looking right now. I really hope one of the big issue of sign up gets dealt with the metamask sign up process of LEO. While I might be a little rude to ask but I want that low price of LEO one more time, so that I can bag and tag some cheap LEO hahaha.
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That is a long term mindset. Those who are committed to something want the price to drop to add more. Buying the dip can be a sound strategy for something with long term potential.
A drastic drop in LEO price would benefit many. I am not sure it will come but here is hoping for you so you can fill your bags.
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All little bits help, said the wee mouse and he peed in the sea.
I agree with that mouse ( and with peeing in the sea ).
Having in mind that there's only a handful of thousand active users on Hive, 40k is a huge number, it will make a big difference. Even more as I feel that most people on Leofinance are pretty active ( bloggers and traders ).
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Certainly the 40K number will make a huge difference on Hive. It shows how small this ship really is at the moment. While it seems like a big number in the blockchain world, when we look at the Internet, it is nothing.
Seeking Alpha, the site that Leofinance was initially modeled after, has over 15 million monthly users.
In this regard, 40K is a tiny number in a giant sea.
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40k sure is a tiny number, a very reachable goal.
Let's find those flocks of hungry fish in this giant sea and let's keep going with the flow and momentum.
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Without a doubt.
I have a feeling once the floodgates do open, it will be incredible to see the numbers that start flocking here.
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I will welcome them with open arms and eat some fresh fish in the process ;<)
After LeoFinance, Harapgon has joined the HIVE-ETH linkage with wKOIN token on Hive-engine. Soon, all ETH holders would see Hive as a home for logging their thoughts and sharing their crypto knowledge.
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This is good news. I am happy to read about it.
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I am just now trying out Hive and Leo after using Steem. I powered up over 1,000 Hive and it's been an alright experience thus far (I haven't seen any bullies, yet lol). I hope I meet a lot more likeminded people here on Leo!
Best to build a bond with the community!
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Hive still has a couple but to be fair i have never seen an issue on the leo site. The users here are here to build and succeed, not to fight.
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If you are posting through Leofinance (as you are) and focusing upon that token, then you will find a much different experience from Steem.
The long term focus of Leo people is amazing. We all realize that we are all in this together and it will take all of us to succeed.
Welcome to Leofinance.
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A zero-gravity flight is a first step toward space travel.
Stephen Hawking
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First come signups... and then the most important thing — which somewhat badly failed with Steem — retention. People have to feel like their time here is meaningful, somehow...
... and that means more than just "rewards," often the reward of feeling like your contributions are seen and appreciated is a major part of the reward. It's the "dopamine reward" that comes from engagement; from commenting and interacting with those who have taken the effort to find their way here. And not just once when they first arrive, but every time something that adds value goes out there.
That's what a "community" is all about.
=^..^=
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Absolutely! I have never thought I was alone in that thought process. I would say 99.9% of people have that same dopamine reward experience when they receive attention of any kind.
I grew up with lots of siblings (foster care) and getting attention was not easy. Great training for surviving in an attention-based economy!
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It is very difficult to be patient in the world of blockchain. Changes and innovations occur so quickly. As many investors know, it is about the long game.
Hence why I am happy with the current reward system LEO Finance has embraced. Manufacturers of content and the consumers of that content both need the utility token to interact.
With so many established financial institutions dipping their toes into cryptocurrency economics, their will come a time when fiat will be considered by the world as being archaic and cumbersome as Rai Stones being used for a token of value.
While writing this comment I just got a notification that @splinterlands is now accepting $BAT (Basic Attention Token). Guess it is time for people to start downloading the Brave Browser! 😂
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