Voting upon weekly dividends - 3rdvote

avatar

Written by @alexvan

Voting upon weekly dividends

Dear LBI holders,

another 3 months have passed since we had our last vote on the payout of weekly dividends.

As announced in the latest post regarding the next proposal round, according to the roadmap, we will proceed this month with the vote on the dividend payout.


Should LBI postpone weekly dividends for another 3 months?

Please comment either...

  • YES
    or
  • NO

Voting for this will last 1 week from the upload:

  • Results will be uploaded the day after voting finishes
  • If YES wins, we continue to reinvest 100% of earnings and vote again in 3 months
  • If NO wins, we start paying dividends from the 1st of August


If yes wins, we can review our position in 3 months. The longer the dividend payment is held off, the stronger the foundation is for the project, as everything is reinvested.

If no wins, we will pay out LBIs first weekly dividend on the 1st of August. That would be 50% of earnings to be split up between token holders, 40% going to reinvestment and 10% going to the @spinvest-leo for @@@silverstackeruk's services.

Voting Weights

LBI governance voting is based on weighted voting tiers dependent on your LBI holding. We have 5 tiers ranging from 10 tokens worth 1 vote to 10k+ worth 5 votes.

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

Please keep in mind that only the votes of LBI holders are valid.

Thank you

Posted Using LeoFinance Beta



0
0
0.000
68 comments
avatar

Congratulations @lbi-gov! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 900 upvotes.
Your next target is to reach 1000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000
avatar

I'd like to see our position grow a little more. This pullback is a good time to accumulate, I vote YES.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I don't mind either way but because I know accumulating now is the better option and because I have to vote, I vote YES.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'm ready to start collecting the divs. Leo is cheap now and I'm not sure it will be in three months so I think I'd rather start getting them in my own account. It's not like LBI isn't getting any new tokens. It's still getting 40%. The original intent was to pay dividends and while I agreed with postponing in order to grow our base, I feel like we've done that in spades over the last 6 months. I understand both sides but, like I said, I feel like it's time to start collecting.

So, I vote NO.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I vote YES. Now is the time to BUIDL. Happy to continue to build for a solid 12months from today and reassess in 12 months time.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I know building the account is probably the best way to go, but I do feel like LBI holders need to get rewarded with paying a dividend. Even when you know that the dividends will only be bigger if they get postponed another 3 months.

I know it will slow down the growth for LBI ... but with a 250K leo balance right now. I feel like it's time to start paying divs. So I vote for NO this time.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'm going for NO as it will bring more liquidity to market for LB tokens, as dividends will start paying out others people who haven't been in LBI would love to join if they are sweet. Also, we have been accumulating for 6 months, original plan was start paying dividends at start.

I know we can get bigger dividends if we wait, but Early investors need to get some revenue as It already takes a few years to catch up with initial investment with dividends.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I vote YES.

I believe it's great to have a very solid foundation before dividends starts to be distributed.


Posted via proofofbrain.io

0
0
0.000
avatar

YES (w/300 LBI = 2 votes)

let it ride - i'm one of the few 'unbanked' so 'cashing out' is not an option - i can wait for bigger payout ;)

Posted Using LeoFinance Beta

0
0
0.000
avatar

I hold LBI and don't know how can I check dividends? Can you please help

0
0
0.000
avatar

I'm not sure, if I understand you. There are no dividends being paid out yet.

0
0
0.000
avatar

Since dividends have already been delayed a couple of times I'm voting NO this time.

0
0
0.000