Local communities are growing and need additional attention. Iranians, Latin Americans, Chinese, and others, for example. Characteristics of these communities include:
Lack of English fluency; as a result, the majority of their correspondence and information is gathered outside of the forum and discord.
Inadequate computer skills, especially in programming
They’re eager to put their small sums into cryptocurrencies.
Because of the main network’s fee, xDai has become a heaven for micro-capital. I know a lot of young people in my neighborhood who have put more money into Agave than the faucet has offered them. I believe at least 10 percent of mrcap increases in the last few months belongs to them. Local communities have come up with a range of ideas and proposals to expand HNY’s market. These ideas and proposals should, on the whole, have been well received by prominent members of 1Hive. These ideas and proposals should, on the whole, have been well received by prominent members of the group. They haven’t had much luck, though. What is the reason for this? This problem has two sides to it. The bidders, who are more than newcomers from non-rich countries and demand few HNY, and the skeptics, who are more than the old ones and have a decisive vote. “Why should we pay for something we don’t know will have a positive effect? Why not do it for free and without funding HNY?”
What exactly is the issue:
We don’t know how effective these proposals are at expanding the honey market. How much is it worth investing in? Is it true that local community micro-capital has increased by ten to twenty percent in recent weeks?
Bidders who lead their own local groups are often unable to put their proposals into action without being compensated. For most bidders in their own country, a monthly income of $300 to $500 is a good income, allowing them to pursue their ideas. The proponents believe that their proposals have a huge influence on the 1Hive.
What can be done to quantify and raise revenue for local community’s effect, as well as their positive impact? It’s worth noting that, in addition to economic benefits, including local communities contributes to greater distribution and, as a result, greater security. The distributed Maker-Taker market, which operates in the same way as the localbitcoins.com platform and is also regulated by the DAO, is a useful tool for us. The challenge of converting local currencies to xDai is one of the most significant obstacles to ordinary people adopting xDai.
It necessitates both programming expertise and a significant financial investment. The use of official local exchanges poses a slew of legal questions, including taxation and government prohibitions. The fact that the crypto side is screwed and the Fiat side is left to the seller and buyer is the foundation of this market’s simplicity and efficiency. Makers will be rewarded with the platform native token based on their transaction and credit history. The DAO will be governed by the token, which will be used to distribute fees.
As a result, two issues will be resolved:
Everybody will be compensated based on their marketing activities.
The weight of each local community’s influence and its associated local currency is calculated so that the funding proposal can be discussed based on it.
I believe that this project has few costs but many benefits for the 1Hive community. The reputation of 1hive will be enough to guarantee the project.