With the success of Leofinance, and the run in the LEO token, many are seeking the next tribe that is going to take off. Leofinance provided validation regarding the worthiness of Layer 2 solutions on Hive, something that is kickstarting interest in some of the other tribes.
Stemgeeks is a very interesting project that I believe parallels Leofinance in many ways.
Part of the success of Leofinance is that it was able to develop a loyal group of users by being focused in their content. The fact that they deal with financial matters makes it very clear what the community is about.
At the same time, we can see how most who are involved in cryptocurrency are engaging upon financial matters. So far, much of what is written regarding crypto deals with the financial aspect. Hence, we see the ability to cater to a large number of users.
Stemgeeks follows a similar pattern. It is focused in that it is dedicated to content pertaining to STEM (Science, Technology, Engineering, Mathematics). Traditionally this would appeal to a very targeted number of users. However, things are expanding in this area.
Our daily lives are affected greatly by all of these categories, especially technology. Whether one is dealing in academia research like what appears on sites such as phys.org or looking at matters regarding businesses or industries, there is little debate about the impact technology is having on all of our live.
At the same time, we see advancements happening in the sciences that are affecting medicine, construction, and drug discovery. No longer do these categories operate in a vacuum. Ultimately, they are all inter-related.
Thus, the number of people who are going to be interested in this type of content is going to expand as we progress forward into this decade. I am a firm believer that if one is not considering the technological angle of things, and all that affects it, then a large part of the picture is missing.
Another area that Leofinance was able to excel was due to the fact that the token distribution was rather tight. In fact, what happened with that token was liquidity started to become an issue. This is a matter that team will have to keep in mind as development takes place on that platform.
Stemgeeks also has a very tight number of tokens. To start, we see there are miners that help with the delivery of the STEM token. However, as we can see, 1.9 million of the miners were burned. This leaves a little over 5,000 of them out there.
As for the token itself, there are roughly 3 million already produced and distributed. Once again, we see a nice burn rate of about 3%. This shows there is attention to the token although this, too, could run into liquidity problems depending upon how the platform grows and expands.
What Is The Potential?
This is a hard question to answer since there are so many directions this could go and I have no idea what those behind the project are planning.
That said, academia is a large part of the STEM society and a natural fit. There are organizations all over the Internet that cater to this type of content. Just like IT, people who are adept in these fields tend to gravitate to each other to compare ideas and discuss different research they are doing.
We also can see this expanding into some areas of mainstream interest. As mentioned, a site like phys.org is very popular with not only people with science backgrounds but also futurists and technologists. Couple this with the sites such as Wired, Techcrunch, and Engadget, and we see a rather large audience to target.
There is little doubt that STEM is becoming a bigger part of the global economy. Many of the breakthroughs we realize are due to the progress being made in these areas. Often, if you want to know what is possible in 5 or 10 years, start looking at what these categories are doing. They are what provide the building blocks for other research and experimentation.
Thus, I can make the case that Stemgeeks has the potential to follow in Leofinance's shoes and become a project that makes major strides forward. It could be the next one to excel on the Hive blockchain.
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