Q/A and Voting Post for @hykss LBI Proposal

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Post by @bozz

We are getting near the end of our first full tenure as the LBI-GOV team and we finally have a proposal.

Due to time being a factor in this proposal, the LBI team is suggesting that we skip the previously established format for qualification and voting and instead put this to a vote right away.

You can read the proposal from @hykss by following the link here.

Basically the proposal is suggesting an expansion of LBI's investments to the COSMOS network. You can read the LBI-TEAM's take on the idea here.

Although there is a time aspect involved in this proposal, I feel it is necessary that everyone has a chance to ask questions. This is what I suggest:

As of the time of this post, a three day question/answer window will be open until Sunday. I encourage users to use the comment section of this post to have that conversation. I also encourage @hykss and @silverstackeruk to actively monitor those comments to answer any of the logistical questions that may arise. While questions that come in after that time likely won't be ignored, I encourage you to use the honor system to adhere to the prescribed timeline.

If you are ready to vote, please feel free to throw your vote on this post as a comment. Remember, votes are weighted as follows and you need to hold LBI for your vote to count.

10-99 LBIs will earn a vote equal to 1
100-499 LBIs will earn a vote equal to 2
500-2,499 LBIs will earn a vote equal to 3
2,500-9,999 LBIs will earn a vote equal to 4
10,000+ LBIs will earn a vote equal to 5

A comment of YES, means that you want to expand LBI and invest some of the funds into this venture.

A comment of No, means that you do not want to invest LBI in COSMOS/OSMOSIS

The official voting window will be from Monday through Friday of next week. This will allow holders to make an informed decision based on the asked and answered questions in this post. It will also allow users the opportunity to change their vote should an answered question give them reason.

Additionally, this gives the LBI-TEAM time to prepare for the outcome of the vote before the next distribution whichever way it falls.

Please feel free to do your own research and remember that your vote is your voice. As a stake holder, you have an opportunity to guide the future of Leo Backed Investments.

Posted Using LeoFinance Beta



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33 comments
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Thanks for the visibility ! I also encourage everyone to ask questions, I will monitor both posts and answer your questions as best as I can :)

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No

reason - No link was provided for me to go and look at the site. I am not a crypto coin evaluator, and with out a link to the site I would not know if I had the correct site, so many names in crypto when it comes to coins and de-fi space are the same ore very similar.

No link=no vote.

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Not sure on this one as why didn't we buy SEED instead as that was a prime investment opportunity. Nearly 250% in 3 months. If we are going out shopping for stuff outside of our eco system surely there is somehting better than this to get involved in. Just my 2 cents and why I don't think it is neither a good or bad idea, but not the only choice we have.

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I like liquidity and having the option to pull from an investment within a few minutes. HE tokens dont really offer that.

It's more that it's a side project that a token holder has offered to run for LBI. From my POV, this could potentially be a new person to operate an account for us and is like adding a new member to the team. The investment amount will be under around $500 to test the waters and it'll be funded from our BSC wallet so not connected to HIVE/LEO/HE holdings at all.

Thanks for your feedback

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Atm I vote NO

I think we should focus on cub expansion and IDO in the first place

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Yes

I appreciate the fact that this is a risk but for €500 and someone willing to manage the account I believe it is worth trying and maybe will inspire others to try similar.

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No

While I thought it might be a good idea but after reading the latest LBI post, I think we should limit things to LEO.

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