Campaign To Bring Leofinance Witness To Top 20
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.
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Is Leopedia similar to Wikipedia but relating to Leo specifically and/or Hive in general?
It is about crypto, blockchain, finance and yes includes Hive and Leo related topics.
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https://twitter.com/geekjen/status/1371578564206759939
How exactly do you vote for @leofinance? Do you have to delegate HP to @leofinance?
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No, you don't need to delegate HP.
You can vote for witnesses here:
https://wallet.hive.blog/~witnesses
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Voted! Thanks for the link.
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Awesome. Thank You.
voted for @leofinance, have not visited the witness page for a long time.
Awesome! Thank you!
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this is super needed.
I am not sure why we can't push them into the top 20 :(
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Yes we can. Yes we will. Participation is required.
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Those are a lot of potential votes!
Good to create awareness on this topic.
I just learned about witnesses when I was already registered for a couple of months.
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Yes, Thanks.
I have voted for leofinance today
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Great. Thank You.
i had made a similar post earlier today! it's nice to see that you put up a list!
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Nice! I will take a look.
It is uncertain if their team wants to be involved in blockchain policy discussions.
They are obviously capable of running a witness server however being in the top 20 would mean they would need to be willing to coordinate with others on the chain and communicate quite often. They are not presently involved on hive in this way perhaps even actively avoiding interacting with most other projects and witnesses and its worked out fine for them.. so you'd probably want to check with them if they are even interested maybe out of top 20 is exactly where they want to be so their time is more focused on their product.
I'm glad you're the person to make this point because I know it comes from a non-cynical place. But if it turns out a witness was set up to avoid the top 20 slots, it's a good problem to have and I'm sure they'll cope.
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You bring up a good point. I am sure they are willing and capable of being involved in Hive in many ways including as a top witness. If anything, they have shown to be able to multitask and accomplish multiple goals/projects simultaneously. Just like peakd they bring great amount value to Hive. Is there a way I could convince you, peakd, and steempeak to vote for their witness?
Someone once mentioned they decided to not interact with other hive developers/projects perhaps. Not sure. I think they just want to keep to themselves in the hive world. Who knows but they have been absent from all hardfork type discussions from what I have seen. So yeah i think they're in a good place doing their own thing
Their past performance and work in building on Hive and for Hive demonstrates that they are all in Hive, just like you keep building and building. How teams approach their work I guess may be different. It is obvious to me, I hope to you too, that Leofinance has best interest of Hive and its community.
They are willing and capable of performing block producer duties with responsability and beyond. I don't believe they prefer isolation and do their own thing. The things they have been doing have been our things, the Hive things. I am sure if there are important discussions to be had about hard forks they will be there. Just because some aren't always active in specific chat rooms shouldn't be a disqualified. It will be great to have your vote. If you still have some reservations, I understand. Perhaps, you can ask them yourself to clear up any doubts.
Awesome projects like Peakd and Leofinance are what keep Hive going and growing. Builders like your team and Leo team have enormous support and confidence of the community. I have no doubt Leofinance belongs in top 20. I hope you will agree too after considering all the merits.
I really think you need to let them speak for themselves.
After you first comment, I did get a confirmation that what I am doing is ok with them. If I failed at convincing you, sorry. I am not really good at it. I will tell how awesome Leofinance is to all stakeholders who are willing to listen, just like I tell the world how awesome Hive is on Twitter.
You could say the same about a lot of the top 50 and even top 20.
We get 30 votes but 20 (+1) is what really matters, a paradox (design flaw?) inherent in witness voting.
Most of us within the top several hundred stakeholders already use all 30 votes so the real challenge is not to argue who should be added to the top 20 but rather who should be subtracted from it.
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Yes, that's the math Dan came up with I guess at the beginning. I don't know the reasoning behind it.
Keren banget
I gave them my vote today if it helps. I think they are doing great things for this blockchain and it's echo system atm, and have certainly livened things up recently. Making lots of peeps happy, that's for sure.
Awesome. Thank You!
You did a great job in campaigning for their spot in the Top 20. I'm not really sure but leofinance didn't involve much in the chain. Also, I think they're contented with having the valuable token in hive. But we don't know, for now, maybe because of your post they will try to tell people about this.
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Thank You.
I think one of the best things I did quite some time ago was to proxy my vote to the steem.leo account. Based on the Leo Finance track record, I have a lot of faith that they are voting for witnesses that have the best interest of the chain at heart. It is nice being able to set it and forget it and know that my vote is making a difference!
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Yes, LeoFianance is doing some amazing things.
Very interesting, I am new to hive and Leo, still finding my way around the system, but was kinda wondering what witnesses was, now I know how do I go about using it to the advantage of the community
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Hive witnesses are the block producers of the blockchain. You can see the top 100 witnesses here: https://hiveblocks.com/witnesses
Stakeholders/users vote for the witnesses they trust will do a good job producing blocks, keeping the blockchain secure, and contribute to the ecosystem in various ways.
You can vote for witness here: https://wallet.hive.blog/~witnesses
Thank you @geekgirl very important information to know, I am only finding my way around Hive and Leo-finance so sorry for the late reply
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