The Possibilities Of SteemLeo

The tribe concept was introduced by Steem-Engine earlier this Summer. Thus far, it has been a success. Many tribes were started in an effort to bring people together around similar interest. Even though the pace slowed, we now have a number of communities that are starting to thrive.

Of course, without an expansion in the user base, we are simply seeing a division of those on here. While it is alright for the moment, at some point we need to see growth.

We know there are many variables that go into this. However, one of the main things we need to see in advancements in the tribes themselves. Using a template from Steemit.com, most of the tribes offer the exact same features. As a MVP, this works well. Yet, to achieve maximize what is going on, each one is going to have to add things that are attractive to outside users.

Unfortunately, this puts us in the proverbial "double-edged sword". Many ideas are flowing yet there is difficulty in getting them implemented. Here is where time is simply going to take some time.

@aggroed mentioned this during his interview on @pennsif's show the other day. He has the approval to go ahead and turn Steem-Engine into an exchange accepting fiat. This would be a huge step for the entire ecosystem. The hold up comes from the fact that development is slow. Simply put, there is only so much developers can do in a day especially if they are involved in a number of different projects.

SteemLeo is at the same point. I proposed the idea of having price feeds placed on the site. This would turn SteemLeo into a resource/information center. Essentially, the concept is to take what is already being used on the traditional sites and implementing them into the tribe.

This is a philosophy that many of the tribes can follow. In the early days, why recreate the wheel? Simply provide a decentralized version of what people are use to while offering rewards for different activity. Once that is achieved, then the next steps can be taken to increase the distance.

I wrote an article that got this comment from @shanghaipreneur.

He offered up the idea of further breaking down the tribe into smaller groups. People love to discuss their favorite stocks, especially those that carry a high emotional level. In my mind, Apple and Tesla seem to be in that category. The later takes on a political feel when pitting the bulls and bears. Watching them is like watching the Democrats and Republicans go at it. To say there is passion on both sides is an understatement.

Here we see where development is important. SteemLeo lends itself to this type of categorization since there are so many paths to go down. The field of investing is enormous with many areas that do not cross. By that I mean, many stock holders are not into commodities. Hence, markets like gold and silver are completely foreign to them. Take those two and add in forex trading, and we see another level of disconnect.

The appealing part is that SteemLeo could cater to all the different fields that people are interested in. Stocks, bonds, commodities, real estate, and other opportunities can all be explored if that is what people want.

We also see the opportunity to use the LEO token for access. In the financial world, it is common for there to be a free section open to anyone along with a premium area. This is usually some type of membership which provides more pertinent information. When it comes to the world of money making, this can be very helpful.

One of the major benefits of cryptocurrency is that it is programmable. This is an overlooked idea at the moment but access is going to be one of the characteristics provided. In other words, there will be additional benefits to holding a token.

Getting back to SteemLeo, perhaps it is possible to offer a "premium" section that is available to users who hold a certain amount of LEO tokens. Or, if burn is the goal, charge a monthly fee in LEO that ends up in the @null account.

Another exciting idea is to mimic what we see on the major broadcast networks. When you truly think about it, their content is only so highly valued because of the monopoly they traditionally held. Television was the main medium for 70 years without rival. Even today, broadcast T.V. still rules.

That is changing however. We saw the evolution of YouTube stars who achieved "superstar" status on that platform.

Why can't this idea be duplicated on Steem based platforms? Who is going to be the first Steem superstar?

News updates, interviews, and analysis are all commonplace on networks such as CNBC and FoxBusiness. Much of the credibility of these individuals comes from the fact they are on television. They really are not any smarter than most others who are in the fields that SteemLeo is catering to. Thus, I am certain, based upon the knowledge in the articles and videos I came across, that individuals could rival what is put together.

Hence, is there anyone who had the desire to be in broadcasting at some point in their lives? Why not start a "television" program on SteemLeo? With technology today, many can put together a professional grade show on a shoestring budget.

I can tell you after 20 years watching financial television, there are enough guests out there with an agenda who are willing to espouse it anywhere they can.

In other words, it is a prime market to tap into for knowledge and expertise in different areas of investing.

Source

Ultimately, this could evolve into the offering of different financial products. Companies are always looking for ways to reach new audiences and a tribe is ripe because of the focused user base. We are in the early stages but security tokens are going to be huge in a couple years. Once again, we see Wall Street at the basis of this. That said, the goal is to pull as much as we can away from that centralized body.

Would insurance companies accept LEO as payments for their premiums if there were enough users? How about using the token to fund different ventures? Individuals and companies are always looking for capital to fund ideas thus, putting together a LEO-based "venture capital" platform might not be a stretch.

Of course, all of this requires development. Nevertheless, these are some of the possibilities that a tribe like SteemLeo offers. When you have an industry that is into the trillions, it is something to tap into.

Tribes can offer a lot more than just blogging and upvoting if they think along these lines. In my mind, this is what is going to determine success in the end.

People love packages so the more that can be added, the more valuable the tribe is.

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