Hive has an amazing decentralized governance system. With more participation it gets stronger and better. So many things keep happening on Hive, it is not easy to keep up with all the developments. I would like to start a campaign to bring @leofinance witness to top 20.
Hive uses DPOS algorithm in electing witnesses and scheduling production. This election process makes sure that stakeholders are ultimately in control. Top 20 witnesses that have received the most stake based votes become consensus witnesses and they produce blocks all the time. In addition to top 20 witnesses, every round one more witness is scheduled to produce blocks from those that are outside the top 20. Top witnesses also make important decisions to wether approve or disapprove new hard-forks, they also can influence HBD interests by changing the APR parameters, they issue price feeds for Hive, etc.
We can think of top witnesses as our representative in the parliament. This applies to other witnesses as well. However, being top 20 gives more influence for a witness in making decisions for our platform. Those witness that are not in top 20 are potential top witnesses. They still produce blocks, but not as often as top witnesses do. As witnesses demonstrate skills, knowledge, trustworthiness, and keep adding value to Hive ecosystem, stakeholders may decide to promote them to higher ranks.
More Hive Power stakeholder has more influence they have in this witness election process. We also may choose to proxy our voting powers to other users and let them decide who to vote for.
While voting system is based on stakes, our social layer makes it important for all participants of this economy raise their voices in witness election matters and others. Even if we have lower HP, we can still influence higher stakeholders with providing convincing information that may be valuable to themselves and Hive in general.
Many stakeholders on Hive are open to listening to ideas and feedback what community members have to say on various matters.
I would like to make a pitch to all stakeholders to vote for @leofinance as a witness. I ask everybody who agrees with this idea to join me in this campaign and let’s bring Leofinance to top 20. If you are joining this campaign, you can help by asking stakeholders to vote for Leofinance by explaining how this witness and community brings value to them and Hive. At the bottom of this post I have a list of stakeholders who have 10K HP and more and haven’t voted for Leofinance yet. If you talk to someone on-chain or off-chain from that list, please let us know in the comments section.
Leofinance is a project that started as a tribe/community two years ago and grew into its own ecosystem of various app, tools, and a community. It is a social media platform for finance and crypto. Users can go Leofinance.io and start reading, blogging, and engaging on this topics and earn $Leo tokens. Right now the market price of the Leo token is $1.10. It is even higher than Hive coins. Only this aspect of Leofinance adds great amount of value for Hive users. It has also shown that in the future Hive may even get rid of social rewards feature and let various tribes, apps, and communities come up with innovative rewarding systems. Leofinance has done a great job.
Leofinance continues to build apps and tools. Among them are LeoDex, HiveStats, LeoPedia. Links to these apps are available under Leo Apps section on Leofinance.io. Feel free to visit them and see if you like them. Hive users are use them on daily basis.
Just last week Leofinance released Cubdefi.io platform which is going a lot of attentions within Hive community and beyond. Total value locked at Cubdefi, currently its almost at $13 million. Many Hive users were airdropped some Cub tokens, which they can sell or use on Cubdefi platform to earn even more.
Leofinance is also working on another project, which is temporarily called ProjectBlank. While there are not a lot of information available on the project yet, it is suppose to implement new and innovative approach to microblogging.
Leofinance has been a trustworthy, skillful, and knowledgeable witness for a long time, and it deserves to be at top 20 as a witness. They have my full confidence. I hope they can earn yours too. Please vote for Leofinance.
Below is the list of stakeholders with 10K HP and higher who hasn’t voted for Leofinance yet. The list also shows if the user has proxied votes. If you see anybody who you recognize and interact with on-chain or off-chain, please ask them if they would be interested to learn more about Leofinance, what value it brings to Hive ecosystem, and if they could earn their votes. Many stakeholders don’t vote, because they are busy and are not aware of all the cool thing Leofinance has been doing. If you see your name on the list please vote for @leofinance as witness.
Because the list is long, it is not letting me to publish this post. I will post the list of stakeholders in the comments section.
Posted Using LeoFinance Beta