All LBI token holders - Please VOTE!

in LeoFinance2 months ago (edited)

Authored by @silverstackeruk

Welcome to the first post from @spi-gov

As we vote on which governance model and how long governance team terms will last, we can do a simple YES/NO vote that a lot of tokens holders have expressed options about. This will also promote this account so when real governance voting begins the account will not be starting from a 25 rep and of course, please follow this account @lbi-gov if hold LBI tokens to ensure to have the best chance of not missing out on anything.

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It was mentioned in an earlier post of the possibility to postpone the LBI weekly dividends payments which were planned to start this coming Tuesday, the 5th of Jan. By holding off on paying out LEO dividends for a few months, we can reinvest 100% of earnings back into LBI which will increase the token price a little faster and give us a more solid foundation to start off. A lot of people liked this idea so I think we should put it to the quick vote.

  • Voting for this will last 1 week from the upload.
  • Results will be uploaded the day after voting finishes
  • If NO wins, we start paying dividends on the 12th Jan
  • If YES wins, we continue to reinvest 100% of earnings and vote again in 3 months

If no wins, we will pay out LBIs first weekly dividend on the 12th Jan. That would be 50% of earnings be split up between token holders, 40% going to reinvestment and 10% going to spinvest-leo for SSUK's services.

If yes wins, we can review our position every 3 months and decide when its time for LBI to start issuing dividends. The longer we hold off, the stronger the foundation is for the project as we will power up more LEO faster which will yield us better rewards long term. I should also point out that the 10% SPinvest fee for SSUK's services will not come in effect until dividends begin based on it's only fair to not pay a fee if token holders are not receiving dividends.

Should LBI propone weekly dividends for 3 months?

Please comment either...

  • YES
    or
  • NO

to submit your vote

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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
.
.
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Follow @lbi-gov to ensure you dont miss out

Re-blog this post for exposure

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As I was one who suggested it from the start:

YES

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It was a good idea, looks like others agree :)

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As it is a long term investment, it shall have some more juice for the throttle at the start. Let's see the outcome. If there are people unhappy that want to drop out, I will gladly help and purchase their stake

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NO

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Yes!

Yes

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Yes

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YES!

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Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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NO

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Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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YES!

Posted Using LeoFinance Beta

Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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Yes

Posted Using LeoFinance Beta

Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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Yes.

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Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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I opt for

YES!

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Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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Yes. I think this is best for everyone.

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Thank you for voting. I'll tally your vote up with the rest and release the results from this account in 7 days.

Happy New Year!

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Only a pleasure. You have a good one as well and appreciate all of what you are doing.

YES

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Yes

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YES

Yes
!tan

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Do not miss the last post from @hivebuzz:

Happy New Year - Project Activity Update
First Hive Power Up Day of 2021 - Get a Hive Power delegation

I vote...

Yes

Lets get the base holdings to grow.

See you in 3 months to look at the situation again. 😁

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Yes
let it grow a bit ^^

Yes of course like SPI at the beginning

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Yes!


Two slightly unrelated questions:

  1. What stops me from splitting my LBI tokens to multiple accounts and get way more votes than holding many on a single account? I understand the current system is meant to avoid giving whales too much power but this system is easy to abuse. Just wondering, not planning to do that at all.
  2. What will happen with the upcoming airdrop to LEO Power holders that is teased by @khaleelkazi (as well as all other future LEO airdrops)? Right now, this airdrop would go entirely to @lbi-token. Will it be handed down to LBI token holders, or used to increase the LBI foundation and grow its yield?

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The second question was answered yesterday I believe. Check LBI-s last posts.

Here's the link to the post

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Thank you!

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You're welcome!

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Yes

I'm undecided, but I'll go with YES

NO

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I think its best if we let it grow first, no rush on getting small* payouts.

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Yes, sounds good to me!

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Absolutely YES!

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YES

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Yes

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Yes

Yes!

Yes.

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YES

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Yes

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No

But I think I'm outvoted.

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We are still in the beginning of the project, so I vote for YES.

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I am going to follow the crowd. This guys knows what's best for the Project more than I do. so YES

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YES
I'll wait with unwrapping the present for a couple of months.

And happy new year! :<)

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well even i want liquid money, the patience its always sweet so

YES

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yes

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Yes
we want to grow

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Yes... Totally Worth it.

Yes

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YES

However, 3 months in Crypto is like a decade in tradfi. Lots of things can and will change, even in LEO ecosystem. My vote and sub-proposal is to reinvest until the last week of Feb. and on March 1st start paying dividends, instead yet another voting round.
Also: Paying dividends on March 1st also will make "noise" and can attract more investors to the project, effectively increasing our power.
My 2 sats ;-)

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Yes please wait to pay out. Keep stacking em and we will keep buying!

Additionally, it would be good to add a profile picture. If you want to increase the validity of this as an account people trust, I think that will help.

This is certainly the most important vote I've ever cast. There were some big votes in the past year that initially appeared important. I rushed to vote for Steem witnesses who would protect our blockchain from the hostile takeover. This vote proved to be not important as now I don't even use the Steem blockchain. Then there was the whole debacle of the presidential election. I won't even get into the details, but its safe to say my vote was not important. Let's just say its nice to vote on something important.
I have weighed all the options in this important matter. I have given careful consideration to each side, Yes and No. After much deliberation, I have made my decision.
My vote is in favor of Yes. Long live LBI!

Posted Using LeoFinance Beta

Yes 👍🏼

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Yes

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Of course YES.

Reinvesting at this point is crucial for a strong foundation.

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Yes

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No

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No

Yes

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YES

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Yes

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I will go with "NO".
I can't understand why we have to vote for that, when lbi launched that option was in the roadmap? If it was then i have miss to read something important.

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I'll go for a YES too.

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Yes

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