It's Exciting...But Don't Burn Out!

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My 24 Hour Journey In DeFi .png

This is a public service announcement (so you don't crash next week!):

What a week...

I mean from the launch of Cub Finance by @LeoFinance , to the release of @Liotes and everything in between.

I truly believe there is no better time to be on the blockchain and involved in what's going on than right now!

It's such an exciting space and things seem to pop up almost...Daily!

It reminds me so much of when I started trying to build an online business back in the late 90's and early 2000's. The excitement was in the air. People were more concerned about NOT doing something, than it being perfect.

There were wins but a whole lot of losses mostly because...People dove in and didn't take their time while poking around.

Wait a minute...

"Didn't you just say yesterday in your posts that people shouldn't be stagnant and be active as much as they can"?

Absolutely but hear me out...

There is a LOT going on...Again, just take a look around.

And we need to be true to ourselves and say...We won't be the master of all trades!

It just won't happen.

Heck, you could spend an entire month just diving into DeFi to come out the other side scratching your head. Meanwhile trying to learn about Liotes, the new HBD burns on Hive and don't forget...Being active in all the social platforms while trying to learn this industry.

It's just...Insanity to think, we can master them all.

But that doesn't mean...Sit back and do nothing. We have to be trying things, that's part of being an entrepreneur and it should be in your blood if you are a builder.

But take your time and PLEASE don't burn out!

Learn one new thing a day, and take it from there. Focus on ONE thing and be a sponge in it!

For example, this past week, I've done everything I could to learn about DeFi.

I stopped worrying about all the other things I had my hand in, and just did my research to see how to maximize my time in Cub Finance.

And because of that, the second half of my week has been a blast :)

I'm learning so much, poking around and being comfortable in the Cub Finance platform and even diving into more Binance related stuff.

I decided this was a priority this week, and after my near meltdown on Monday...I needed to step back and smell the roses per se.

And because of that, my journey so far (albeit only a few days into it) has been that much more rewarding.

The crypto space truly is a once in a lifetime opportunity and at times we feel like we have to have our hands in everything. However I think that might hurt more than help your future.

Pick something in crypto today, and soak it up!

After you get a working knowledge of it...Discover something new and dive into that.

Just don't for sanity sake, try your hand at a dozen different projects at once....

Speaking from experience of course ;)

Says the guy that almost rage quit 39347849 times on Monday lol

Posted Using LeoFinance Beta



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30 comments
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Dont understand Liotes. I see the 2 founders having 1000 miners staked each. They have 2000 miners winning most of the rewards taking profits away from their customers/investors. That was enough to put me off.

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Good point. Seems like a founders pool that is heavily slated towards them.

I guess some didn't learn from the plight of Steem.

Posted Using LeoFinance Beta

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Actually, we were aware of the history of Steem and that was one of the big concerns at the beginning... On the other side, like Achim said down in the reply we didn't do that as an intention to be in advantage, but rather to have funds for later sub-projects that we are building...

If you take a look at the whitepaper, all miners are backed up with HP...

So, we could do it another way around, and take the money from the miner's sales and put it in our pockets, but we have done things differently... Maybe it wasn't the best decision, but I'm convinced that time will show that it was a good one in a long run...

If that is the price that we have to pay, I will accept it... We don't want to print/mint any LEN tokens for marketing/development etc like many others did with their tokens...

Thanks for taking look at our project... Your feedback means a lot!

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(Edited)

Interesting, I'll see if I can get the guys to comment on it. I'm sure it's more development coming but I'll see what they say. They are both good dudes, so I'm sure it's not done with any ill intent.

I think they opened it up for everyone at the same time too, letting everyone get in, no air drops or nothing like that for them. THey purchased like everyone else.

@achim03 @ph11002 Can you guys shed some light on this?

Posted Using LeoFinance Beta

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Thanks @jongolson for bringing us to this conversation.

First of all, I would like to make you aware that all the LENM tokens are backed by actual funds in our project. We didn't issue these miners out of thin air but backed them with money in the fund and in all our subprojects. We started out with 4200 Hive that we initially put into it and then added continuously personal funds into the subprojects. In total we have paid the same amount for the LENM tokens than the other investors.

  • We needed to premine LEN tokens because we will need these tokens for the gamification part as rewards to the participants.

  • A part from our staked miners is already being realocated to fund another subproject.

Our income will not come from the staked miners but from the admin fees that we take on the second investment layer.

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already kind of burned out but there are a lot things that I have on my plate besides crypto :P

Posted Using LeoFinance Beta

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Crazy amount of things....I'm playing catch up with about 103830 things right now...I need to take my own advice LOL

Posted Using LeoFinance Beta

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it's harder and harder everyday to keep up with everything. After a certain while a good solution for me will be more delegations and some autovotes i think even though i do everything manually since my beginning!

Posted Using LeoFinance Beta

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I love the passive income stuff for sure...Build it up and let it 'do the work' lol

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Slow and steady is ideal in this field. Great reminder for us all not to go too quickly!

Posted Using LeoFinance Beta

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Take time and smell the roses lol Seriously, I try to remind myself that every day!

Posted Using LeoFinance Beta

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Very good point. And when you get overwhelmed, just take a peek at Borat.

That will set you straight (in addition to scarring you for life).

Posted Using LeoFinance Beta

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Thanks for your thoughts, and you are right. Don't burn out!

Posted Using LeoFinance Beta

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Appreciate the comments...Sometimes, it's easier said than done LOL

Posted Using LeoFinance Beta

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Especially with all the new projects! There are so many to keep track of, every day you can focus on something different.

3speak mondays
proofofbrain tuesdays
musicforlife wednesdays
leofinance thursdays
foodies friday
splinterlands saturday
dcity sunday

wow there really is something for every day of the week! AND MORE!!!

Posted Using LeoFinance Beta

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Definitely. I will take my time to slowly earn and compound my growth. I think tokens like LBI and EDS will net me a good amount in the future.

Posted Using LeoFinance Beta

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I missed out on SPI...Made sure I didn't miss with LBI lol

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Lol. I decided to sell off the LEO I earned over the past few days for LBI. Especially since at the current exchange prices where LEO has a greater value than LBI. I think all those people running to bLEO pumped up LEO and prices haven't corrected.

Posted Using LeoFinance Beta

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I think it is not just about slowing down and focusing on one thing at a time. I think you also have to pick your battles. FOMO is the great destablizer. It's the old jack-of-all-trades, master of none syndrome. If you try to take advantage of every money making opportunity that looks good to you, even if you are focusing on one at a time, you can't do everything. Find your passion. Making money should be a joy and not a burden. If your having fun, you don't have to depend on outside motivation to keep you coming back.

Posted Using LeoFinance Beta

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Passion never fails!

That's the biggest thing for me...The moment I don't like 'doing this' is the time I reevaluate everything.

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Well said... It's easy to sustain excitement when you see results but you need a lot of perseverance when nothing happens or when things go against ya.

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Oh wow, that's the truth!

Sometimes we get so focused on results driven habits, we forget we might be building something up.

Posted Using LeoFinance Beta

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I took a whole week to figure it out hahaha
But do I know what I think I know? That’s yet to be tested hahaha
Have a good weekend

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ha ha ha ha I'm still scratching my head lol But it seems to be working...I think lol

Posted Using LeoFinance Beta

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Time to rest a little. We are all human. Besides we do all this also to enjoy the "passive" income that can potentially provide us.

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