The next few weeks for LBI
Hello Leo community, today that's let our hair down and take it easy. It's been a great launch week, we've issued a butt-ton of LBI tokens, became one of the biggest LEO wallets on the platform and even we got a start on governance with yesterdays post. Could not have asked for a better start, what's next?
The next few weeks
Nothing exciting to be honest, success is a lot of very small boring steps put together so the next few weeks will see us start the grind. For the rest of December, we will be powering up all LEO earnings to the lbi-token account. Nothing exciting
Jan 2021
Now, this is when the fun begins. We will start the weekly dividend payments and looking into investing in the wLEO LP and LEO miners. Our main problems with these 2 investments are wLEO LP ETH fees and LEO miners are hard to come by in large numbers. Div's will be easy to sort out with the help of my good friend @gerber. Im a hustler so im always looking for ways to save a buck, below are examples of things could try.
wLEO LP
ETH fees can be expensive, we all know this and especially on small transactions so what can we do? Could we offer for a limited time something that let users buy LBI's tokens with wLEO? A few people have asked if they can buy LBI with wLEO so i know we'll issue some tokens this way. My main concern is that each issued LBI has to be backed by at least 1 powered up LEO token and we will be limited to our earnings so if LBI earned 500 LEO in 1 week, we could issue 500 LBI for wLEO as the 500 we have from earnings would need to powered up if that makes sense. It's an option to consider.
LEO Miners
We want these but we want them at a decent price. Everyone prices these in HIVE which is correct i guess as they are traded for HIVE on the exchanges but to make the process of working out ROI more simple, i price LEO miners in LEO . 1 LEO miner on the exchange today costs 12 HIVE are 5.86 LEO which would take almost 4 years to get your invested LEO back based on 1 LEO miner earning a ballpark 1.44 LEO per year.
There are lots of people out there that have a few LEO miners are mega miners sitting in their wallets not doing anything for them. LBI's price for investment into LEO miners will be 3 LEO as this takes around 2 years to get back investment which is acceptable. What about LBI offers people 3 LBI's for each LEO miner they wonna swap? I understand this might seem like a donation to same given the current price but we can only pay what we think they worth, not FOMO numbers. Anyways, its an option to look at.
After Jan
Focus on building wLEO LP and getting more LEO miners, this will be the main focus for the first 3 months of 2021. After we have decent holding in both we will venture out into something else. Alot can happen in 3-4 months in crypto land so what that something else is, we dont know yet. Could be something simple like buying some ETH/BTC are could more complex like building a website to provide a service that will earn us an income from fees. We have the chance to do amazing things, the lbi-token account has become a big fish in a small pond so let's make an impact and leave a positive mark.
Thank you for reading today post, we are happy to hear your comments and feedback so please dont be shy and create some engagement
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A big fish in a small pond indeed.
This plan sure looks like one that will be executed greatly and it will turn
out to be very rewarding with positive results and outputs.
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Its a simple plan but simple works best. People try to be involved with everything and forget that each new investment has costs in fees and lost revenue so making a simple plan and sticking to it we do well for us.
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Simple yet a great plan, isn't that awesome already?
I am certain this plan is sure gonna work out for the best
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So party will start in 2021 😛
I like the way that you are planning to follow. The Ethereum gas fees may bring minor problems. Other than it, things are going to be huge ^^
Fingers crossed 😌
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Deffo, a few weeks to back us in and then 2021, lets be having you!!!
2021 should be a good year for crypto in general so im hoping our bags will get pumped from all angels.
Thanks for checking out the post and dropping some nice feedback
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My pleasure 😌
By the way, dear @silverstackeruk thank you for your precious efforts. It's obvious that you will bring a lot value for LEO in general :)
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:)
thank-you.
I do what i can and i enjoy what i do
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The idea to back WLeo by the curation rewards is brilliant. It will create liquidity and it will keep it as it needs to be as backing method. The miners are a hot trade right now and never been put in perspective that they amortize in 4 years at the current price. Need maybe to review my personal targets as I have some orders on them. :)
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Yea, miners are expensive atm. We'll get them when they are priced better, if ever. wLEO LP is a no brainer and will be a brilliant way to grow an asset other than staked LEO. Let's see what curation rewards a 130k LEO stake brings :)
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I think that it will bring a lot. Also by continuous posting, HP will grow, which with leo.voter will increase the LEO stake. Smart move on this :)
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It is the first time I have invested in a coin ... I look forward to January, the purses are pumped, that same month my daughter was born, it will be a great month for both of us.
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We plan to make every month a great mouth :)
Thank you for your support and leaving some feedback
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I will save 2 or 3 LEOMM to "donate" for LBI. They will probably do more good in @lbi-token's possesion than in mine. :)
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You know me, squeezing every ounze of value out of everything, haha
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I could see buying up some Wleo to take them off the market too. Mabie hold them until Leo needs more liquidity for a much higher price. There are so many options with all the earnings.
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For sure, so many things to look into
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I like the idea of getting involved with WLeo and understand the needing the stake to cover this. Gas fees etc for small amounts does make no sense so maybe someone has a smart idea. The Leo miner seems not so great as 4 years to earn that back seems madness and far more could be achieved with that type of investment elsewhere. Running through the options thinking out loud in posts will get the answers that is best for the token.
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Exactly, we can earn 35% from curating and I would assume more than 25% from the LP if we can get a big enough stake up and staked for a long time. We'll wait and see what curation rewards are like for a 130k LEO account and we'll get a better idea :)
Thanks for checking out the post
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From where you have this number? In my experience the yield is much higher! Can´t tell it exactly however.
I got it from a post i seen were someone had staked LEO miners for 100 days. I was also talking with Markymark and i got around the same figures from him. He actually released a post a few hours ago showing all the ROI's for different miners, its worth checking out.
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Thanks, yes, I saw his post after I had done my comment.
Of course the 4 years are based on the current price. I guess the majority of token holders had bought them at much lower levels, like 2 Hive.
Good to see some ideas being outlined for moving forward. It is good to get the community involved from the start.
Hopefully this helps to build even more excitement. That are a lot of possibilities ahead with this project.
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Gotta share the info and get it out there, get people thinking and get some feedback. It's the best way to get a feel for what people like.
Looking forward to the journey
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all i know is that i need to increase my lbi tokens :P
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got a credit card?
Im joking, lol. LBI's will be on sale for another while yet so no super rush
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I would put it on a card, send you cash or Paypal just not silver or gold. (not kidding)
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I'm happy to see your plan written down, it makes the project transparent and gives us some insight.
I'm going to continue my investment in LBI in the future as well.
By the way, is there any decision made about the governance that was proposed in the last post? Need to go back and check the discussion.
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being transparent works well I find, people like it.
Ive collected up some feedback from the gov post and will do the first token holder vote in 5-10 days i guess. After the model and term lengths are voted in, we build the team and then from there, it should not require my involvement. Governance will be 100% run by token holders.
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That is excellent! Thanks for the detailed reply :)
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Nice news and can barely wait to see some dividends start paying and confirming what a great investment fund this is. The future directions check all the boxes for growth, just glad to be a part of this and enjoy the rollercoaster.
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Based on my readings, you are a bit late on wLEO LP since many have put in a ton of liquidity at an early stage. The Geyser rewards distribution favors the early bird. And you must put in a sizeable amount of liquidity to receive enough rewards to mitigate the fees.
What I'm hoping for is to get Leo Miner "donations" (2 year ROI), again we need more miners to produce more rewards.
The one that I'm excited about is...
We all know that Leofinance is thriving because of the amazing UI, tools, and web apps that they developed. Ad revenues are a big deal as well. It may not be the easiest but it is certainly the most worthwhile product that the (Leo-LBI) community could come-up to. I'm really glad that you're considering this as one of the options.
Lastly, you guys are proving to be the best at what you do. Keep these updates coming, I'm pretty sure that the LBI holders are appreciating it.
More power!
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Miners are good but they are for sure very long term investments and of course always come with the risk of becoming nothing or taken down for whatever reason. It happened to me on a number of miners from steem-engine.
However I still feel they are very good investments when done right and held for over a year. Your break evens are high in terms of days but after that point it's profit, profit and PROFIT.
Not even to mention that but this builds you voting power over time earning you curation rewards. So the break even on these miners could be even faster when starting to factor that in. The math behind that to get that sorted is way beyond me since there are so many floating variables lol
Anyways I was wondering can I still send 1 LEO and get 1 LBI? I try and check my responses but the noti system isen't the best so I'll keep this post open.
Anyways keep up the awesome work!
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