From time to time, its interesting to take a look into Hive-engine Tribes with the most potential to thrive both within Hive and externally based on their fundamental value proposition and use case IMO. For a while now Leofinance has taken the stage with few others, but like I will always say, "if what you see is all you see, then you aren't seeing all there is to see". Below is a hidden but thriving Tribe and participating early in its growth might be worthwhile in future.
Brief Intro
Once upon a time. A tribe was created and dedicated to tourism and the Reggae community, this tribe quickly became one of the very vibrant and most active communities on hive engine, not because it had some spectacular Ad revenue model for token buy backs nor did it have some super connected VC's backing it up,
but the Tribe offered properties that were unique to its use case which provided a healthy token economy while also presenting the capability to onboard new users, what more could anyone ask for. The tribe is non other than the ReggaeJahm Tribe.
ReggaeJahm thrives on an healthy economy
A community is vital to the success of any tribe and for a community to have a successful token economy, the tokens have to be tradeable on the market between members of the community, used, held and be transferrable within that community, however, a token derives value when the demand for it outweighs supply.
In effort to drive value to a token, it needs demand and sinks, a way for the token to reduce in supply and increase in scarcity, by this, different tribes come up with different methods to reduce the supply of its tokens in order to make it more scarce and in turn more valuable, with all things being equal.
For example, Leofinance as a tribe implements an Ad model that generates monthly revenue which through it buys back Leo token from the market and burns them to take them permanently out of supply thereby making the tokens more scarce. ReggaeJahm on the other hand had a perfect proposition to incentivize the community to Stake its tokens and increase its demand without burning, check this out.
As earlier mentioned, ReggaeJahm derives its unique value proposition through its real life use case, being a tribe with a focus on Tourism in Jamaica and the Caribbean, ReggaeJahm gave people the opportunity to
pay for hotel and tourism services with Crypto, the Jahm token.
As a blogging tribe, the Jahm token is also distributed through upvotes to users who blog about Reggae culture and music.
Also,, holders of the Jahm token who stake a particular amount of Jahm were offered free/huge discount on tourism services to the Caribbean/Jamaica through the StakeToStay program. ReggaeJahm also onboards and offers artists services to Reggae artists all over the world.
It is evident that ReggaeJahm is such a loaded Tribe with diverse value props and interesting use cases for the token, no wonder it quickly gained traction amidst other tribes. Unfortunately, its quick growth was also quick to meet a temporary stall as the Covid19 pandemic broke out and put all tourism activities on hold.
So where's ReggaeJahm at now?
ReggaeJahm is still pretty much around on Hive and active although without its tourism services, the Jahm token is still being distributed to bloggers who write about Reggae lifestyle/culture and music, Jahm is also used to pay for music beats and sounds that can be used in short movies, tracks, game animations. Etc.
It is no doubt that the Covid19 pandemic took a toll on the ReggaeJahm tribe, some business totally closed shop due to the pandemic but ReggaeJahm is keeping a forward momentum by creating initiatives that keeps the community engaged. Also as earlier stated, a community is vital to the sustenance of any tribes economy and as such ReggaeJahm still has a thriving community supporting it.
How to earn Jahm
- By posting in The ReggaeJahm Community and using #JAHM as one of your posts tags, you can earn JAHM Tokens as your content will appear on ReggaeJAHM.com where it can be Upvoted with JAHM Tokens.
What can be posted on ReggaeJahm?
Basically everything related to Reggae culture which includes
The music ( Reggae, Soca, Calypso, Ska, Afrobeats, Dub , Roots + )
- Food
- Events
- Caribbean content
- The culture
- Stories
- Poetry
- Photography
- News
- Gossip
- Reviews etc.
Conclusion
Definitely, tourism constitutes an important aspect of the ReggaeJahm economy which has been unfortunately discontinued due to the pandemic, but there are other ways to drive value to the tribes economy, Ad revenue for token buy backs is one of such example which is yet to be tapped into, there could also be an opportunity to use Jahm to provide liquidity on Ethereum.
While these options remain on the table, this sphere allows for continuous development, so we might eventually see more than enough ways of driving the economy into the moon spring up in the near future.
Perhaps the situation surrounding tourism will ease out in time, that remains yet to be known. However, the fact that ReggaeJahm already caters to a community as large as the Reggae community is a big deal that shows that it only takes a few things to work right for it to take off. Definately it is one to keep an eye on.
For more information on ReggaeJahm, visit this link
Thanks for reading.
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