Let's talk about it

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I have had a significant stake in CUB Finance since day one, going through various strategies of where to hold tokens and what to do with them. I also had holdings on Ape and in Panther and a couple others, but CUB was always the most reliable of the DeFi platforms I have tried. Now, I am solely in CUB.

Almost a couple of weeks ago was when I ended my relationship with PantherSwap, because they hadn't updated their Twitter after a couple days since June the 30th (and still haven't), which I take as a very bad sign. The token price has slid from up in the dollars, down to under 7 cents, but this didn't affect me much as I was in single side pools of BNB and BTCB, so I was able to sell the yield daily, and obviously I was not the only one. While they still have almost 50 million in total locked value (TVL), it is a long way down from their 700 Million from a few months ago.

hive nucleus_pink-not transparent.png

When I joined Panther, the tokens per block were at 100 and was soon to drop to 75 and then a week or two later to 50 and then 25. That was months ago and it only recently dropped to 50. What I have noticed with the "high emission" platforms is that while they tend to gather a lot of interest early, they also suffer from high supply and can struggle to hold their value long-term, because the early yielders very quickly become the first dumpers, in a similar way that it is pretty much guaranteed that after an airdrop, the token is going to drop heavily in value.

This doesn't mean that a project is doomed of course, it is just showing the "easy come, easy sell" mentality of the market, and how many people aren't looking long on projects in crypto. This has been something that up until this point at least, has been refreshingly different with CUB, as while there are still plenty of sellers and also the people complaining about the slide in price down from the highs, the stabilization at 50 cents (currently 75ish) shows that there are people who are confident in the future of the team itself.

While there is only 10M TVL at the CUB platform, it is continually building and adding into the growth of potential of the project and as such, has built a strong group of believers in the community. The community matters a massive amount for any project that is going to last well into the future and as such, communication is vital, something that for the most part, The LEO/CUB Finance Team has done exceptionally well so far, most of the time.

I think that one of the biggest issues Steem had from the development perspective was a lack of communication. Of course there were other issues too, but many of those issues would have been sorted out or been less relevant if communication with the community from Steemit Inc had been better, including all of the conversation around the ninja mine and Justin Sun fiasco. Hive has been better with this and I find it valuable that @blocktrades as core Dev Team, not only puts out updates, but when Dan has time, gets involved in some of the community discussions and leaves comments around the blockchain. It demonstrates his interest in the community itself, something that I see as valuable for anyone looking to develop for a community - to be part of the community.

The LEO/CUB team of course have their usual Podcasts and announcements for changes to the platforms they operate, and it is common to see members heavily engaging in the Discord as while they are team, they are also community members themselves. In fact, most of them were in the community before they were a team - which demonstrates one of the key values of the Hive community - successful projects and teams can emerge from within the community to add value to the entire community. The Splinterlands team is obviously another very good example of this and I believe there are more on the way.

Communication is vital for projects and on Hive, we are actually spoiled in this way as a content delivery platform, as we have inbuilt communication channels for a lot of the discussion. This is much more than just a way to advertise releases for products, it is a way for the community itself to gather and discuss, praise and complain, building up a lot of collateral that is user-derived and owned, that adds to the conversation.

For example, I think that as much as people love Splinterlands as a game or investment vehicle, without all the user-built content that supported it early on and supports it still, it wouldn't be nearly as successful. As much as people hated/hate the Splinterlands game posts, most investors and real players realized that the value isn't in spamming them, it is in using them to built support for the game. Spam looks bad, passion looks good - something that people who "advertise" on Twitter need to start understanding.

What all crypto projects need to realize is that hype is attractive, but communication is retentive. If a project is really looking to be successful well into the future, they have to have a communication strategy and one that evolves as the project matures, so that it caters for the changing userbase. When projects stop communicating well, they will inevitably see users churn and for these kinds of projects with tokenized economies, that doesn't just mean a loss of sales, it means a dump of tokens, which is never ideal.

What I have found personally with many of the DeFi platforms is that I have very little interest or understanding of the community around it, as they are all largely the same, unknown randoms that are only interested in yield and who rate the success of a project on the price of the token, not what is actually getting accomplished. Price is of course important, but if looking for a sustainable investment that reaches into multiple years, development is what really matters - and support for the development.

Communication is the first step to get people invested, it is also what keeps them that way.

Taraz
[ Gen1: Hive ]

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38 comments
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Content may be King, Communication most definitely is Queen, the two go hand in hand.

Most strong communities hold projects together, only way to attract interest is to speak about it, never try the hard sell. Grateful this is not as evident as it was previously and communication is becoming more a norm.

@tipu curate

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I think part of it becoming more the norm is that the people are involved are becoming more experienced, not just traders, but business people.

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"... but business people."

Another aspect of these "virtual worlds" the importance of which is hard to overstate (following my main comment below). IMHO, being a good programmer / coder / developer does not have anything to do with how savvy a person is about good business.

I could write whole posts about this, but ... Moving right along ... 😉👋

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IMHO, being a good programmer / coder / developer does not have anything to do with how savvy a person is about good business.

absolutely. The successful tech people have generally had competent business people with them. They are different skill domains and rarely does one person hold both.

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"... and rarely does one person hold both."

Very rarely even ... They are two "different worlds," from each other. That barely knows what the "other side" is even talking about ...

The reason why, among other supporting points, the Business Analysis profession came into being, with an international society formed in 2003 ...

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People are learning to rely on one another, leaning toward developing structured businesses which is great to see. Some have technical knowledge with no clue on how to sell themselves, yes it takes people working together to make something happen.

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Content may be King, Communication most definitely is Queen, the two go hand in hand.

The queen is dead (for most users), long live the queen.

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Ha ha, yes people are in such hurry for self gratification they lose sight of what they need to achieve.... long live queenie 🤣

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I was involved in Panther back in the day too. It was quite interesting. I wish it would have held on a bit longer. I ended up taking a bit of a bath on it. It wasn't one of my better investments....

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Because I had no Panther, it didn't matter for me to stay there - I was just selling it daily.

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Yeah, that is smart. I have decided moving forward if I invest in DeFi it will be with stables. I won't buy the native token, just earn it.

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What all crypto projects need to realize is that hype is attractive, but communication is retentive.

Well said. Yes, Steem lost value due to the disconnect in communication. Have became what Steem was supposed to be. Hype does not move me, but does others and provides excitement for a moment. So many of these cryptos and platforms are sadly flashes in the pan in the long haul.

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Pretty much everything has been a flash in the pan so far in terms of real business cryptos. Hive is a welcome anomaly among them.

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Steem lost value

Then Hive lost more.

Steem is currently $0.4135 USD.
Hive is currently $0.3147 USD.

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He wasn't talking about price of token.

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Yes, I know. But that is not reflected in the price (or anywhere else on the Steem blockchain) either. Only in the Hive blockchain, which is a hardfork of the Steem blockchain.
Only this shows that a smaller or bigger percentage of the former Steem users are not satisfied with the Steem blockchain. But even this is not complete, because some people use both the Steem blockchain and the Hive blockchain. The activity goes on on both of the blockchains. The userbase got divided. As an old user (I am using Steem/Hive since 2017.05.17, so for more than 4 years), I am not so sure that the creation of the Hive blockchain has more advantages or disadvantages. At least for most of the users.

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Well, since price spiked overnight, I guess Hive got 40% better for you.

I gave been here 4+ years too and after being an advocate for Steem for nearly all of that time, I would not touch that piece of shit centralized chain with a bargepole.

Hive has an active Dev team and a growing app base. Some focus on price, some experience.

You don't seem happy here and always negative, why stay?

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I would not touch that piece of shit centralized chain with a bargepole.

Hive is also centralized. Around the whales. Just like Steem. The little users has little chance of success. There is really no difference from the end user perspective.

Hive has an active Dev team and a growing app base. Some focus on price, some experience.

I am trying to do both. With the active developer team and the growing number of app base, the value and the price increase should come.

You don't seem happy here and always negative

I am not negative. I am realistic. If most of your posts would be ignored after 4 years of trying (including being in the top 10 of the engagement league multiple times), I am sure that you (and everyone else) would think similarly. Most people did not tried for so long. I have more than 1200 followers, but they left the platform long months/years ago. And many more people left and still leaving. This tells a lot about this platform.

why stay?

Sometimes even I do not know.

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The little users has little chance of success

This is not true. For those who are interested and active, there are many opportunities.

I had a (quick) look at your content a few minutes ago, what does it offer the audience? Is it the kind of thing people are interested in reading, engaging with? Commenting is only one part of attracting an audience, the content matters too. It isn't all up to the platform, every user makes choices too.

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I had a (quick) look at your content a few minutes ago, what does it offer the audience?

Information, discussion, communication, value (sometimes monetary/financial, because I do giveaways).

Is it the kind of thing people are interested in reading, engaging with?

I tried to write about a lot of things over the years, but no matter what I do, what I write about, there is no real audience. And most of the other Hive blockchain users can say the same about their own content. I have seen posts with almost 500 upvotes, but 0 comments. I have seen posts with 5 bot comments and 0 real human comments. A lot of curators does not even see the content they curate, because they use automatic curation. There are too many content creators, but only a few content consumers, and most of them focus their attention on the whales.

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There are too many content creators, but only a few content consumers, and most of them focus their attention on the whales.

I agree that the ratio of creators is too high, but I also think that creators who have skill in more than content creation have a good chance here and probably better than many places elsewhere.

Often, you will see that the many real comments on posts aren't on whales, or at least, not on people who were always whales. There are plenty of people who have worked their way up from nothing here, myself included.

Autovoters aren't that much of an issue, unless being used to maximize curation, which since last week, is no longer a useful strategy to take.

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I have to give them kudos for their communication though...Might be because we're so small or simply the leadership structure but they definitely are doing something right in that regard

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I think that being part of the community to begin with, has helped them understand how frustrating it can be to be kept in the dark, yet expected to invest.

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Rare to see you on Splintertalk,

I guess that one paragraph qualifies!

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I am not sure how I got there - but I wasn't aiming for it :)
I am guessing it pulls from the splinterlands tag.

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I must admit I am going to be adding more to kingdoms over the coming months as if you are going to be holding certain coins then you may as well stick them away into defi.

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I would like a few more options there :)

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An excellent point and something I have felt strongly about since the beginning, the communication platform is a great educational, marketing and onboarding tool.

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I think it often gets ignored or minimized because it takes effort and can't be automated. Though if the community is active, it can become largely self-sufficient.

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Of all BSC DEFI I only trust CUB, and I use Pancake and Mobox, only because I got Huge airdrop or profit in there, so there is no risk.

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Never heard of mobox

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it is a strange little one, i only heard of it because i used to play a mobox game on tron blockchain, is big in Asia, kind of NFT stacking kind of game. Quite interesting, they developed few games related to the platform, and you can gain in 3 ways, NFT staking give you MBOX token, MBOX-BNB liquidity provider like CUB dens give you liquidity LP rewards in MBOX-BNB and KEY, one Key give you a chest with a NFT to stake. You can see the idea, self sustaining passive income. Check this detailed article: https://www.publish0x.com/crypto-markets-and-marginal-gains/mobox-nfts-mining-and-liquidity-providers-full-step-by-step-xyyvyme

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(Edited)

Amen brother @tarazkp! 😉 It is hard to overstate the importance of good communication. A fundamental aspect of life is a void in communication never stays a void for long. It will be filled! And almost never in the way one might wish ...

From this "OG"'s perspective, this community's leaders are on a steep learning curve. I have been happy, for the most part, with the progress they have demonstrated over this past year (since it has been ~ a year since I first invested in it ...). Good intentions are demonstrated pretty regularly and this gives one confidence for the long-term future.

Like you, a day-one investor in Cub Finance (and prior to that a day-one investor in the WLEO LP), I am looking forward to the upcoming venture into the Polygon blockchain. How that is handled will be a good indicator as to where "we" are on the learning curve ...

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A fundamental aspect of life is a void in communication never stays a void for long. It will be filled! And almost never in the way one might wish ...

This is definitely the case in global communication - the void is filled with polarization.

I have been happy, for the most part, with the progress they have demonstrated over this past year

There was a short period where there was a lot of dev and lateness happening, but it seems they corrected based on the community feedback since then.

i haven't even looked into the polygon side of things yet. Can you recommend a "for dummies" resource? Currently. I am definitely feeling more dummy than expert :D

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"Can you recommend a "for dummies" resource?"

Sure @tarazkp. Or at least I can provide you with links to what I started out with:

  • My first read was this post on CoinGecko. For example, just like with BSC, you use MetaMask to connect to the Matic network and this resource provides the needed details.

  • Here is another guide for MetaMask from Quick Swap - one of the big exchanges on Polygon (although I have found 1Inch to be better).

  • Then I uncovered what I wish I had at the beginning - the documentation site written for Matic / Polygon.

Hope this helps! Ask away on any questions, once you decide to venture "in there." I'll be happy to do what I can to help.

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Hi @tarazkp ,this is my comment to this post, I did not find where to place it, I do not use social networks, but friend here it is ......... They say that as we get older we need fewer hours of sleep, and not only that, life becomes more complicated over the years due to different causes including the vision problem that always appears, your radius of action is close, but look what you can find. something like this friend waiting to be photographed and make it viral, and he's done.
I wish you a happy Tuesday, although it is Tuesday the 13th and some people are superstitious, but not a positive attitude and faith in the creator.
https://hive.blog/hive-194913/@tarazkp/anyone-for-cricket

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