Greetings, Hive enthusiasts and curious onlookers, it is I, Charles McGarnicle, your ever-vigilant and slightly nosey Hive correspondent, back for another riveting expose! Today, we dive headfirst into the curiously named "Valueplan" - a marketing tool that secures the most funding from the DHF that has become the talk of the Hive town.
As the world of blockchain finance becomes increasingly complex, transparency remains an indispensable cornerstone. We don't want to go back to the seedy alleyways of Steem where backhanders and abuse of the reward pool were a common place. BLASPHEMY!! Hive is not like that. We are the good guys you say!! We left all that riff raff back in Justin Sunville.
Recently, Valueplan has come under scrutiny, with concerns raised over the sizable sums of HBD allocated to various marketing campaigns. Intriguingly, there appears to be no ceiling on the amount a project can request, leading to some eyebrow-raising transactions.
In light of these concerns, I, Charles McGarnicle, have undertaken a mission: to pull back the curtain on the top accounts funded by Valueplan. Through this series, I aim to provide the Hive community—a community that thrives on its collective stakeholder input—with a lucid view into where and how their investments are being used.
With a substantial amount of HBD being converted into Hive and subsequently exchanged for FIAT, there is an undeniable impact on Hive's market value. As stakeholders, it's imperative to ask: are we truly getting value for our investment? Join me as we embark on this journey to unveil the intricate workings behind the transactions, ensuring transparency, understanding, and fostering a stronger community foundation.
This report is Part 1 in the series of posts around the top funded accounts by Valueplan to ascertain whether us stakeholders are getting value from the aptly named marketing fund. The ever-evolving world of blockchain and cryptocurrency demands rigorous scrutiny and transparency. Stakeholders, each contributing to the community's collective strength, expect every dollar (or in this case, HBD) to be put to good use. With Valueplan at the center of this investigation, our goal is to comprehend the effectiveness of the most generously funded marketing campaigns.
Valueplan, as its name suggests, aims to provide value through well-strategised investments. As stakeholders, we hinge our trust on the principle that the heftiest investments in marketing will yield the most significant returns. This isn't just about onboarding new users; it’s also about incentivising more Hive purchases, ultimately driving value for the entire community.
Our maiden voyage into this investigative series commences with a spotlight on the top earner from Valueplan. The logic is simple: the user who has garnered the most funding should, in theory, offer the most substantial tangible results. Join me as we embark on this analytical journey, aiming to validate the decisions made by Valueplan and ensuring that our stakeholder investments are channelled effectively.
Leading the pack of Valueplans beneficiaries is . And no, that’s not a Martian creating artwork of the Red Planet but an account with the distinction of being Valueplans favourite child. With a follower count that matches the number of planets between Earth and Mars (that's one, in case you've forgotten your primary school astronomy), and a following count that... well, also amounts to one. It does raise a few eyebrows that the account is a placeholder account in essence which is not a good look.
’s sole follower happens to be none other than its owner, manuelramos, a fine gentleman leading the Street Workout Community. Word is, they're the muscly bunch doing push-ups in different cities while passionately screaming about Hive. An admirable endeavour, no doubt. But should our Valueplan be funding this? After all, it's a marketing tool, not a charity like "Make a Wish Foundation".
SWC have a thriving community on Hive with 56 active users and in total 736 subscribers. Their team consists of the founder and also a couple of other Hive names. But the Hive names aren't sticker sticking with me.
The first Hive logo and also a logo for an independent Dapp 3speak I can see is from this little fella hanging off a gutter back in February 2022. If this doesn't get signups then we are out of luck. I tried this out and let's just say it's better for this journalist to report on the Hive news!! Just curious how some of the other Dapps didn't get in on the act if 3speak are on their apparel?? Nice logos though.
Now, here's where things get intriguing. The Street Workout Team, with their ripped physiques and acrobatics, are certainly doing their bit in peddling Hive to the populace. One would assume that the direct impact of such an event would be an uptick in membership for the very community orchestrating it. I mean, it's Marketing 101. Hold a football event, lure them into your football Dapp. Have a photography expo, get them snapping and uploading on your Hive photo community. You get the drift.
Drawing a straight line from A to B, if I were hosting a Street Workout event funded by DHF, I'd be ensuring participants landed in my community. Why? Shared interests breed engagement. Get them hooked on a shared passion, make them feel part of something bigger, and you have the recipe for sustained growth.
Sure, there might be outliers. A participant from the workout event might discover an unexpected penchant for, say, shadow hunting or photos of leaves. But largely, one would expect a majority to gravitate towards the community that introduced them to Hive in the first place. After all, isn't that the best metric to gauge the success of these events?
March / April 2022. Modest Beginnnings
March and April saw the grand spectacle of the 3 vs 3 Street Workout Event – an athletic affair that, if you haven't witnessed yet, you're truly missing out on some gravity-defying moves. But, let's not skip past the numbers, shall we?
The March extravaganza set the Hive treasury back by 7,634 HBD. "Oh, but surely April must've been more economical," I hear you muse. Well, April, ever the overachiever, decided to one-up its predecessor with a bill of 7,104 HBD.
But wait, there's a plot twist. Apparently, the popularity of the event led to an upscale in venue. Think: swapping a local playground for Central Park vibes. Of course, such grandeur doesn't come cheap. Toss in some unexpected regulations, presumably thrown in by bureaucrats who've never swung from a park pole in their life, and the budget predictably swelled. Life, as they say, comes at you fast.
Total Funding Tally for March and April: Unexpected twists, grander parks, and yes, the inevitable taste of bureaucracy - all culminating to a whopping 14,738 HBD.
May 2022
Ah, May! Spring in full swing, and the Street Workout Community (SWC) was in the mood to put on not one, but two exhibitions. Perhaps to flex their muscles in front of potential Hive investors or maybe, just maybe, to woo some local dignitaries. Mayor, was it you?
But, ah, the drama of the sandbags! Who would've thought that such rustic, unassuming tools would become the stars of the show? 500 HBD, that's right, for these gritty companions. One might argue that's a steep price, but, after all, what's a performance without a little stability? And if sandbags are the secret ingredient to prevent our athletes from, quite literally, flying off the handle, then, by all means, sand away! Plus, it's a small expense for ensuring the event doesn’t collapse into a sandy mess. The catchphrase " He could sell sand to the Arabs" has me thinking. With the price of these sandbags maybe the Arabs should venture into selling sand.
Total Expenses for the Lively Month of May: All that razzmatazz, some high-flying action, and yes, those iconic sandbags culminated to an expense of 6,862 HBD.
And just to ensure the record is straight and clear as a freshly cleaned window: Valueplan, that generous benefactor, does not, I repeat, DOES NOT dish out any wages. To ANYONE. So if you're imagining our street workout enthusiasts lounging on golden hammocks bought from their Valueplan "salaries," think again. Because, and let me emphasize this for the people in the back: They. Pay. No. One. ANYONNNEEEE!! Now granted I Charles McGarnicle received an angry DM a couple of months ago from one of the disgruntled athletes saying they were not getting paid enough by the founder , it actually matches the Valueplan narrative so no harm done.
June 2022
Oh, buckle up, dear readers! June blasted in with not one, not two, but four exhibitions. Four! That's almost one for every week, if my math serves me right.
And, would you look at that! In a daring fashion move, the SWC team splurged on sweaters. Not just any sweaters, mind you, but ones that cost a cool 1,220 HBD. Now, I don't claim to be a fashion guru, but for that price tag, those better be some top-notch, woven-by-grandma, using-the-tears-of-unicorns kind of sweaters. The kind you wear to your first date with destiny. Or at the very least, to impress the Hive investors.
But there's a catch. The funds for these cozy numbers are to be deducted from the total requested budget. In layman's terms: "Lose one, and you're in the doghouse!" So, to our dear friends at SWC: Hold on to those pullovers like they're your firstborns. Because if one goes missing? Well, let's just say... there might be a sweater-themed sequel to this report.
Total Expenses for the Sizzling Month of June: With the ramped-up exhibitions, some swagger in the form of sweaters, and possibly some unicorn tears, the bill tallies up to 9,422 HBD.
July 2022
Ah, the sweet allure of sandy shores! The SWC crew decided that they'd had enough of urban workouts and took their toned talents to the beach in July. A bit of sun, sea, and six-packs and the afterthought that the sandbags could have been constructed here. But, as with most great plans, there was a snag.
Transportation.
One would think that, by this point, the SWC team would have mastered the logistics of their operations. Alas! The beach, in its infinite wisdom, was probably tucked away in some remote corner, far from the maddening crowd – and basic infrastructure.
Now, 1,360 HBD on transportation? Oh boy, that's a tad hefty! One could buy...well, a lot with that kind of HBD. And as these unplanned costs pop up like a surprise sunburn, one can't help but wonder if the team used a golden chariot pulled by seahorses to get there. If they're forking out that kind of dough on commutes again, there will likely be some raised eyebrows on Hive .
Total Expenses for July 2022: With the beach escapade and the slightly surprising logistical hurdle, our friends at SWC racked up a total of 4,939 HBD for the month.
Remember, folks, when planning an event at a beach, always factor in the possibility of hidden costs, such as surprise seagull attacks or, in this case, transportation oversights!
August 2022
August breezed in, and with it, the Street Workout crew descended on the modern day Colosseum – the mall. A place where the gladiators of today, retail warriors, battle for the best sales. SWC decided this was the perfect ground to flex their muscles and promote Hive.
Now most of the time large malls pay good money to get these jumpy jumpy dancy dancy gymy wimmy acts in to increase their own footfall in their Centres and create memories. A service charge marketing budget from these malls can exceed €500k per year and they will bite your hand off for an event but it may be best not to make assumptions. But in the very unlikely event that a mall did charge to host an event then we must factor this in.
The Gods of Temperature and Retail Lighting conspired against them. The malls, with their artificial warmth and buzz, are no place for lambswool sweaters – even if they cost a small fortune. The team was thus forced to leave behind their freshly acquired sweater attire. Perhaps, the mall's gods felt the sweaters might overshadow the latest summer collection on display.
But lo! A solution was at hand. The request for shirts was approved faster than you can say "add to cart". And while these shirts weren't as pocket-piercing as their warmer predecessors, they still rang in at a neat 926 HBD. You've got to look the part, right?
Total Expenses for August 2022: Between the mall escapades and the need to diversify their wardrobe yet again, the Street Workout crew chalked up a total of 6,127 HBD. Here's to hoping those shirts turned more heads than the latest sale!
September 2022
September rolled around, and the Street Workout crew was juggling more events than a circus clown with hyperactivity. Among these, the mysterious "non-Hive generated events" piqued interest. What could they be? Underground barbell ballets? Midnight moonlit muscle showcases? The imagination runs wild!
However, as it goes in the world of fitness exhibition, not all was smooth lifting. For reasons known only to the workout deities, nearby restaurants turned out to be as elusive as a refund back into Valueplan. Perhaps they were all booked by other ripped individuals, or maybe there was a sudden surge in regional food blogging conferences? One can only speculate. So the crew faced the ultimate workout challenge: "logistics in relation to food supply and dinners". Whether they airlifted gourmet meals, or chartered mini-buses to cart the famished team to the nearest eatery remains an enigma wrapped inside a burrito.
Then, of course, there was the barricade situation. For some unknown reason, the venue decided to go against the traditional ‘supply-your-own-barricade’ etiquette. No biggie! A swift 400 HBD transaction ensured that eager fans wouldn't mob the performance area trying to touch the crew's brand-new shirts.
Total Expenses for September 2022: Between the mystery food logistics, the barricade escapade, and the usual fitness shenanigans, the crew incurred expenses to the tune of 5,227.40 HBD. Hope the meals were worth every bite!
October 2022
As October breezed in with the golden hues of autumn leaves, the Street Workout crew faced a twist more unexpected than a sudden rain shower during an outdoor workout. Nature, in one of its temperamental moods, unleashed a flood that claimed a member of their technological team – their trusted laptop. Washed away in watery turmoil, this tech companion needed a quick replacement to keep the Hive updates flowing. A brand new laptop was promptly sourced, with an expense of 726 HBD. Data might be cloud-stored, but this tale reminds us that electronics surely aren't waterproof!
In the meantime, the Apure state beckoned, and the crew answered the call with their usual vigour. Hosting an exhibition there came with its own set of challenges and expenses. The nitty-gritty of the expenses might remain as elusive as a post-workout endorphin high, but the figure stands tall at 4,502 HBD. Then, lurking in the financial shadows, was a mysterious 10% contingency. Could it have been set aside for any flood-related misadventures, given the recent events? Only the wallet knows.
Total Expenses for October 2022: Between nature's surprise and the activities at Apure, the crew's total tally for the month was a solid 5,728 HBD.
November
Ah, the dance of dates! The Apure exhibition we were anticipating in October, in reality, graced the month of November. As the Street Workout crew ventured further into this bustling month, they were confronted with some financial hurdles. Just when they thought they had anticipated all costs, regulation-related fees made an uninvited entrance. An extra sum of 1,080 HBD was required to make peace with these unforeseen costs. The bureaucratic world, after all, has its own rhythm.
Now, dressing dignitaries is no small feat. I imagine shirts of a fine make, perhaps embroidered with the unique Hive emblem or a special design representing the Street Workout Community. A symbol of honour and appreciation. It's not every day that you get a dignitary wearing something you've given them. The exact aesthetics of these shirts remain shrouded in mystery, but I'd wager they were of top-notch quality.
But the grand crescendo of November was undoubtedly the Hive Cup. A last-minute change of location. Oh, the horror! The logistical and financial implications of such a move can be tremendous. Shuffling resources, reconvening, and re-organising within a tight time frame is no small task. It took a considerable amount of 6,747 HBD to ensure the event's success, despite the abrupt shift. When I think about last-minute changes, I usually picture hastily rearranged dinner plans or a surprise venue for a birthday party. But this? This is an entirely different league.
Considering the added costs and the grandeur of the Hive Cup, perhaps the price tag makes sense, especially if the new venue was in a high-demand area. But one can't help but compare it to the humbler venue costs back home. The economic scales tilt differently across the globe, and it seems this was a stark reminder.
November 2022's Grand Total: Amidst venue changes, shirts for the elite, and an unexpected guest named "regulation," the Street Workout crew's journey in November culminated in a whopping 8,527 HBD.
December 2022 and Grand Total for 2022
Ah, December! A time of celebration, joy, and festive spirit. Yet, for the Street Workout crew, it was business as usual. The dedication of this community during the holiday season is truly commendable. The Hive Cup, which had been the talk of the town, seemed to be gathering momentum, albeit with its own set of challenges.
The unforeseen rises in prices continued to nibble at the budget. One would think, as I Charles McGarnicle does, that after so many months of hosting events, those pesky unexpected costs would be curtailed. Efficiency, after all, is honed over time. But it seems, in the world of public workouts and pole parks, surprises lurk at every corner. An additional 1,300 HBD was needed just to cover these rising costs. For those keeping tabs, the Hive Cup's tally was now reaching grand heights, totalling 13,155 HBD. One can only hope that the returns, both tangible and intangible, justify the investment.
But wait, there's more! Trophy inflation. Two words one might never expect to see side-by-side. Yet here we are, faced with the reality of a 250 HBD increase just for those gleaming symbols of accomplishment. Such is the unpredictable nature of the economy in certain regions, where the cost of commemorating excellence can surge unexpectedly.
By the close of 2022, the Street Workout Community had made its mark on the Hive landscape. With an impressive total expenditure of 67,278.40 HBD spread across nine months, it was evident that the group was proactive, driven, and focused on their mission.
January 2023
January 2023 offered a rare pause in the action—a calm before the impending storm of activity. No bulk HBD was transferred to Hive and then converted to FIAT, no exhibitions to plan, no unanticipated costs cropping up. It was the eye of the hurricane for the Street Workout Community. And yet, even in this period of reprieve, the fruits of their year-long efforts became evident. Hive's value, a crucial benchmark for any blockchain-based initiative, catapulted from a modest 23 cents to an impressive 60 cents. While causation can be a tricky thing to pin down, the correlation was too tempting to ignore. Or was it a case of a decrease in Hive supply on the exchanges?? One can only wonder.
February 2023: Safety Comes With a Price Tag
The ebbs and flows of any endeavour can sometimes be unexpectedly interrupted by unforeseen circumstances. February, set to be the Street Workout Community's most packed month, faced a sudden twist. The month turned out to be a stark reminder of how unpredictable life can be and how quickly priorities can shift.
A medical emergency within the team was an alarming wakeup call. Perhaps no one had anticipated the dire need for medical backup during these exhibitions. Health is a cornerstone of any sport or physical activity, and when it's compromised, immediate action is paramount. Hive, known for its tight-knit and supportive community, stepped up. The rapid allocation of 350 HBD ensured immediate medical attention. It showcased the strength and unity of the Hive community, where individuals come first.
However, the incident led to an important introspection: The need for safety precautions. With an outlay of 3,019 HBD, the team invested in matting for their events, a foundational safety measure to safeguard their athletes. But the spending didn’t stop there. Recognising that ensuring well-being goes beyond just immediate remedies, a further 1,668 HBD was allocated for comprehensive health & safety measures and streamlining event logistics.
February, instead of being remembered as the busiest month of outreach and promotions, became a poignant chapter about the importance of safety, health, and community support. It was a testament to the adaptability and resilience of the Street Workout Community, prioritising the well-being of their members over everything else.
As the month concluded, the aftermath of the incident left the community stronger, more prepared, and with a reinforced understanding of the importance of safety in any physical endeavor. And while the financial burden was undoubtedly significant, the investments made in health and safety would undoubtedly serve the group well in their future endeavors, ensuring the well-being of all involved.
As February wrapped up, the community had not just expanded in terms of members or outreach but had grown in its understanding of the need for safety. The month's total expenditure, reflecting the unforeseen challenges faced, came up to 12,252.30 HBD. A hefty sum, yes, but for the Street Workout Community, the safety and health of its members are invaluable.
March 2023: Wandering Workouts and Logistical Labyrinths
March was a time of expanding borders for the Street Workout Community. They charted their course across diverse locations - from the bustling streets of Colombia and Bogota, to the tranquil setting of Las Ballenitas, and climaxing at the much-anticipated Copa Byakko event.
Yet, with every new horizon they ventured towards, familiar challenges trailed them. Transportation, a persistent thorn in their side, continued to surprise them with unexpected logistical costs. Such recurring issues do beg the question: would a dedicated travel agency, adept at handling group bookings and foreseeing logistical snags, be a worthy investment for the community?
Safety, ever a priority, also tacked on some unforeseen costs. The mats, initially purchased in February for 3,019 HBD, ended up demanding an extra 575 HBD in March. It's a stark reminder that even the best-laid plans can come with unanticipated price tags.
But, dominating the month's financial funding was the Copa Byakko event. A mosaic of merchandise, meticulous logistics, and, of course, the omnipresent transportation fees brought its total to a significant 5,096 HBD.
As the curtain fell on March, the numbers painted a clear picture. With all the escapades, endeavours, and expenses combined, the month's grand total stood at a staggering:
14,511 HBD.
A testimony to the community's ambition, dedication, and the unpredictable nature of event planning.
April 2023: Hive Hustle Hits High Gear
April saw the Street Workout Community pushing their boundaries even further. Fuelled by their commitment to Hive, they went on a shopping spree to enhance their brand presence, investing 6,317 HBD in Hive-branded assets. This bold move was indicative of their confidence in the platform and their desire to firmly cement its brand in the public's consciousness.
Still, the shadow of February's accident lingered. With a keen focus on participant safety, a comprehensive medical kit was added to their inventory. Prevention, they rightly believed, was better than cure.
Yet, even with their best efforts at budgeting and financial planning, some costs blindsided them. An eyebrow-raising 900 HBD was required for registration at a particular event. High? Certainly. But the team viewed it as a necessary expenditure, a ticket to spreading the Hive gospel even wider.
All said and done, April’s bill was an eye-watering:
22,129 HBD.
Such unwavering commitment and intensive marketing efforts would typically be celebrated. Yet, the markets sang a different tune. Despite their Herculean efforts, Hive's valuation tumbled from a robust 90 cents to a disheartening 28 cents. While this was undoubtedly a setback, the spirit of the community remained undeterred. They had faced challenges before and emerged stronger. As the adage goes, "It's always darkest before the dawn." And dawn, the community believed, was just around the corner. As one disgruntled Hive maximalist was quoted on saying "The 22,129 HBD converted to Hive now flooding Binance didn't fucking help either." Excuse his language.
May 2023 Inflation and Innovation
As global economies grappled with inflation, the Street Workout Community wasn't spared either. The costs associated with organising their events have seen a noticeable uptick. A prime example was the Street Work Out Duals, which commanded an impressive 7,752 HBD. This underscores the lengths the team is willing to go to promote the Hive platform, even as fiscal challenges loom large.
The recurring theme of unexpected logistical expenses persisted. This month, it amounted to 380 HBD. One can't help but wonder about the transportation challenges this community frequently faces. Perhaps it's time for the team to consider a more structured approach to logistics. Employing a travel agent or a logistics coordinator might be an investment worth making.
All in all, the month of May witnessed expenditures, both planned and unplanned, but the community's vision remained unwavering. With a quieter month behind them, they gear up for what promises to be a bustling June.
May's grand total stood at:
9,706 HBD.
June 2023 Unforeseen Challenges and Crypto Conventions
June proved to be a month of resilience for the Street Workout Community. Beginning on a sour note, the team encountered corruption at a border checkpoint, forcing them to part with 100 HBD. A stark reminder that despite all progress, certain challenges remain deeply ingrained. Now I watch my fair share of Narcos and Pablo Escobar always said $50 was more than enough but only when you are in that situation , you never know. I doubt the border crossing customs officials were on Hive so I presume cash was handed over. (Maybe it could have been the ideal opportunity to sign someone up with 100 HBD in the kitty!) Just saying!!
However, the setbacks didn't deter the team's spirit. The Street Workout Community event in Los Aviadores saw some unforeseen expenses. While the details surrounding the "emergency" remain elusive, one can only speculate about the nature of such costs in a sport dominated by strength and agility.
A highlight of June was the crypto enthusiast meeting, which set the group back by 1,960 HBD. Held at the Maracay PiCofee Cafe, the event became the talk of the town. Gossip mills worked overtime churning out stories about the sumptuous spread and how the cafe ran out of buns! Such events underscore the growing interest in Hive and other cryptos in the region.
June's expenditures summed up to:
6,965 HBD.
In the face of challenges, the community's drive to propagate the Hive brand continues unabated. Their journey, filled with both highs and lows, serves as a testament to their unyielding dedication.
July 2023 A Wardrobe Makeover and More Exhibitions
July had a refreshing start for the Street Workout Community as they decided to up their sartorial game. Given the loss of some of their precious shirts and sweaters from the previous year, it was time for a comprehensive wardrobe revamp. A whopping 100 packs of shirts, pants, and shorts were acquired, ensuring that the crew looked sharp and stylish for all their events. Considering the community 56 active users I can ascertain that the athletes got 2 x each item of clothing.
Besides the apparel investment, the month witnessed two major exhibitions. While the details of these events are scant, they undeniably continued to push the Hive brand forward, drawing attention and interest from various quarters.
For July, the expenses read:
9,925 HBD.
The investment in a refreshed wardrobe, along with continued efforts in organising events, showcases the team's commitment to maintaining a professional image while passionately promoting the Hive brand.
August/ September 2023 Island Adventure and Symbolic Ventures
As summer drew to a close and the early whispers of fall began, the Street Workout Community found themselves embarking on a new adventure, this time to the vibrant and historically-rich island of Cuba. An island steeped in culture and history, Cuba presented both a challenge and opportunity, given its unique geopolitical and economic position. Venturing into a region not traditionally strong in cryptocurrency adoptions, the crew's efforts in Cuba signify their commitment to taking Hive to uncharted territories.
The persistent transportation issues continued to be a thorn in their side, highlighting the challenges of moving a crew and their equipment around, especially across international borders. Nonetheless, the commitment to overcome such challenges underscored the team’s dedication to their cause.
Parallel to the Cuba tour, back on the mainland, preparations were in full swing for the Caracas Extreme Symbols Park event. Caracas, the vibrant capital of Venezuela, provided a perfect backdrop for such an event. Given the country's historical economic challenges, the potential of Hive in providing alternative economic opportunities cannot be overstated.
One of the standout initiatives of this period was the establishment of their own Hive installation. At a cost of 1000 HBD, this installation promises to be a beacon for Hive enthusiasts, serving as both an information hub and a testament to the growing influence of Hive in the region.
Financial Overview:
2022 Total Expenditure: €67,278.40 HBD
2023 Expenditure (Jan - Sep): €87,740.30 HBD
Overall Funding by Valueplan (Mar 2022 - Sep 2023): €155,018.70 HBD
Cost Per Signup: Based on 738 users on the Street Workout Community, the cost per new user acquisition stands at €210.05.
Cost per Sign Up for the 56 Active Users currently in the SWC Community stands at 2768.19 HBD per user
Observations & Concerns:
While the overall funding paints a comprehensive picture of the financial efforts, there are a few concerns:
Visibility & Content: From an outsider's perspective, a significant chunk of the community's content seems to revolve around training sessions, without much visibility into the major events. Even though significant funding goes into these exhibitions, there is a gap in showcasing them prominently.
ROI & User Acquisition: At €210.05 per new user, the cost is substantial. While the quality of each user and their potential future contribution to Hive can be a valid justification, it would still be beneficial to analyse the overall impact and engagement of these new users on the platform.And given the 56 active users are more than likely the group themselves then it remains to be seen if the group actually attracted any users to the platform.
Transparency: For potential sponsors or those monitoring the fund's usage, not being able to easily find videos or content that correspond to the major events detailed in the expenditure can be concerning. A dedicated space or a more organised presentation of these events could bridge this gap.
Event & Training Ratio: While training is an essential part of any sport or physical activity, the content balance should tilt more towards the events, especially considering the significant expenditure and the community's objective. Yes lads yee all look amazing and that twirly twist was great but how are you bringing users to the platform?
Recommendations:
Dedicated Content Repository: Dedicating a space, possibly a dedicated website or page on Hive, where all major event videos, photographs, and content can be accessed will boost transparency.
Engagement Analysis: Tracking the activity and contribution of the newly acquired users can offer insights into the qualitative returns from the investment.
Cost Efficiency: Consider ways to optimise costs. For instance, recurrent unexpected logistical costs indicate a need for better planning or partnerships with travel agencies.
Feedback Mechanism: Engage with the community, seeking feedback on events, exhibitions, and even the content format. This could provide invaluable insights for future strategies.
While the video from Parque los Aviadores is a commendable effort and does showcase the potential of such events, there's undoubtedly room for improvement in content organisation and transparency. You would think this might be easy on what is fundamentally a blogging platform but that is besides the point.
That was an enormous read for an enormous outlay. Thanks for reading.
That wraps up the first of my in-depth reports. Stay tuned, because next week I, Charles McGarnicle, dive deeper into the realms of boreholes, rally car racing, and the intriguing landscape of Venezuelan crypto conferences. The adventure is just beginning! Join me soon for parts two, three and four of this investigative journey.
You stay classy San Diego.
Signing off
Charles McGarnicle