LeoBacked Investments Terms and Conditions - @lbi-token

in LeoFinance8 months ago (edited)

These terms are effective as of 7th December 2020

1 - LBI tokens
a. Priced in LEO
b. LBI model
c. Target ROI

2 - LBI token entitlement
a. LeoBacked Investment's ownership
b. Weekly dividend
c. Governance
d. Buyback offer

3 - LBI Management
a. Active management
b. LBI governance
c. Expenses and Taxes
d. Contingency plan

4 - LBI Communications
a. Daily content
b. Week earnings and asset holding report
c. Discord and other

5 - Performace related incentives
a. Content team
b. Gaming
c. Subsidiary projects

6 - Road Map Year 1
a. Disclaimer
.
.

image.png

.
.

.......................................................................................................................................................................................................................................................

1 - LBI tokens

a. Priced in LEO

  • Each LBI is issued and valued using LeoFinance's LEO tribe token
  • Tokens will be launched at a price of 1 LEO per LBI
  • Send any amount of LEO to @lbi-token to get involved (starting December 7th)

b. LBI model

  • All LEO/monies acquired from issuing LBI tokens will be staked to @lbi-token - no expectation
  • Build a network of active and passive incomes
  • Reinvest into LEO to increase earnings in the early stages and build a solid foundation
  • Make off-chain, crypto, LP are traditional markets after LBI is established to build a nest of time tasted safe investments
  • Continue to reinvest into LEO and aim to lock up as many LEO as we can for a very long time

c. Target ROI

  • LBI will aim to provide a token price growth of 20-25% per year
  • Target ROI is LBI token price growth after weekly dividends and admin fees are removed

.......................................................................................................................................................................................................................................................

2 - LBI token entitlement

a. LeoBacked Investments ownership

  • Each LBI token represents a share of ownership in LeoBacked Investments including all @lbi-token's LEO, HIVE and HE wallet contents and any off-chain investments and wallets.
  • No LBI token holder shall be deprived of his or her equitable share in the assets of the fund.

b. Weekly dividend - Starting 5th Jan 2021

  • LBI tokens holder will receive a weekly LEO dividend payment each Tuesday at 8 PM UTC
  • Dividends are funded using 50% of all LEO earning for that week (off-chain investments are not included)
  • Payments are based on your average LBI token holding's over the pevious 7 days
  • No staking required, we use POH (Proof of holding, thank you @gerber)

c. Governance

  • All LBI tokens holders with a balance of more than 10 LBI tokens are able to vote on LBI governance using a weighted voting system of 5 tiers that discourage's whale manipulation.
    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
  • Governance voting can be used for selecting investments, makes amendments to this agreement and even winding down of LBI
  • One account per user can be used for LBI governance voting

d. Buyback offer (coming with 4-6 months)

  • Any token holder with 100+ LBI tokens that decides to cash out will be entitled to use the 95% buyout offer.
  • LBI will buy back any number of tokens over 100 LBI for 95% of the 5-day price average
  • Cashouts will be paid in either LEO, HIVE or ETH
  • Cashouts will be processed in 0-14 days depending on access to liquid holdings at the time of the cash-out request.

.......................................................................................................................................................................................................................................................

3 - LBI Management

a. Active management

  • LeoBacked Investments will be actively managed by @silverstackeruk on behalf of SPinvest
  • 10% of LEO earnings not including off-chain earnings will be paid to @spinvest-leo as an admin fee
  • All actions taken on behalf of LBI by SPinvest will be in the best interests of LeoBacked Investment and it's token holders
  • SPinvest/silverstackeruk will not commit any part of the LBI'S assets are resources to any investment/party for personal gain
  • SPinvest will not receive any dividends or governance voting rights on its LBI holdings
  • All investment or commitment to investment representing 10% or more of LBI's total net value will be agreed by token holder governance vote
  • LeoBacked Investments will run its main bank from the @lbi-token wallet
  • Any payouts of dividends will be paid from @lbi-payments

b. LBI governance

  • All affairs (conduct, behaviour, attendance of members, monetary etc.) affecting LBI shall be agreed by token holder governance vote
  • Governance voting will be done through posts were voting & results are stored on the HIVE blockchain.
  • Issue's can be raised by producing a post outlining your proposal

c. Expenses and Taxes

  • All expenses incurred in maintaining LeoBacked Investments shall be recorded iN LBI's weekly report
  • LeoBacked Investments is not liable to pay taxes on any gains made on behalf of it LBI token holders
  • Each individual LBI token holder is responsible for reporting gains and losses on their individual tax returns
    a. In the US, token holders complete Form 1065 and schedule K-1 every year
    b. In the UK, token holders complete Form 185 capital gains tax: investment club certificate.
    c. Information can be provided on request

d. Contingency plan

  • 3 token holders will be selected to hold 1/3 of a password each to an encrypted file online
  • The file will contain all the information required to access LBI's assets
  • File will be updated fully every 3 months
  • Keyholders will be reviewed yearly

4 - LBI Communications

a. Content

  • We commit to producing content that could include financial information/reviews, saving tips, how-to guides, contests, videos, gathering feedback posts are anything LBI related
  • We encourage engagement by replying back to comments and questions, we will not post and forgot. The rewards from posts are nice but the feedback, information and tips gathered in comments has no price tag.
  • We will not vote farm

b. Weekly earnings and fundholding report

  • Each Saturday, a weekly earning and holding will be uploaded
  • This will include
    All Leo earnings for the previous 7 days
    All LBI's assets/holdings update
    Charting to track growth valued in LEO

c. Discord (coming soon)

  • A discord server will be used to make announcements and engage with LBI token holders and those interested in what we are doing
  • ADMIN REQUIRED

.......................................................................................................................................................................................................................................................

5 - Performance-related incentives

a. Content team

  • LeoBacked Investments content team as the main driver of income and growth in the starting stages will be rewarded on a token price performance incentive
  • 20% of LBI tokens will be reserved for the content team
  • To unlock all 20%, 6 LBI price targets must be hit
LBI Price target% of reserved tokens issuedLBI token price after issue (est)
1.20 LEO5%1.19 LEO
1.50 LEO10%1.47 LEO
2.00 LEO15%1.94 LEO
3.00 LEO15%2.91 LEO
4.00 LEO25%3.80 LEO
5.00 LEO30%4.70 LEO
5.00 LEO+nana
  • This ensures LBI provides a profit for token holders before rewards are issued
  • When all 6 targets are achieved, LBI will not be as dependent on content earnings
  • If targets are not achieved, LBI tokens are not released and remain in a holding account

b. Gaming

  • Tokens holders interested in running a gaming account for LBI can do so on a profit share incentive
  • LBI will fund the game and own all gaming assets
  • Profit split will be dependent on the investment amount, ROI earned and potential to increase earnings

c. Subsidiary projects

  • LeoBacked Investments, as it grows, will look into creating or funding sub-projects that align with our core ideals. Operators will be paid on a profit share incentive
  • Team projects and engagement is encouraged

.......................................................................................................................................................................................................................................................

6 - Road Map Year 1

a. Disclaimer

  • This is to be considered as a rough game plan of key targets LBI will be aiming to achieve
  • The road-map below is not set in stone and goals can change if/when governance voting takes place for amendments
  • Markets will dictate when we make actions but the below should give an idea if when such actions will be available to take

image.png
image.png
image.png

.......................................................................................................................................................................................................................................................

Thank you for showing an interest in LBI token. We hope that you have a better understanding of how we will operate and what some of our core targets and goals are.

In the beginning, things will be slow but we are focused on long term growth so building a strong foundation of consistent income streams is core to LBI's success.

  • Remember all LBI tokens are backed asset tokens meaning its token price is its liquidation value and not based on what the next person is willing to pay for it.
  • There is risk involved but we take every precaution at our disposal to ensure funds are invested into time served and proven investments.
  • Please do your own research before investing

.
.
.
.
.
.
.
Edit 10/12/20 - 4b point 1
Changed Sunday to Saturday
Edit 19/01/21 - Title Change

Posted Using LeoFinance Beta

Sort:  

Get your engines ready.

LBI is about to be unleashed.

Posted Using LeoFinance Beta

Really looking forward to this.

Me too.

SPI was very very very good to me.

I look for LBI to duplicate things for me.

Posted Using LeoFinance Beta

I think with everything going on LBI has the chance of doing a whole lot better which says something. Obviously if it duplicated SPI then that would be fantastic as well.

Posted Using LeoFinance Beta

It's core is a tweeked SPI model but with 2 years experience and a team behind it instead of a 1 man band :)

Posted Using LeoFinance Beta

No pressure lol. I am going to be busy scrambling to get as many LBI's as possible as I see a great future for everyone involved.

Posted Using LeoFinance Beta

That is the attitude that will make this project extremely successful.

Posted Using LeoFinance Beta

I think so to. Thinking about it many users will support the posts so the difference is they will be adding not only Hive but also Leo with their votes this time around. SPinvest mainly had Hive votes if I am not mistaken supporting it so this should have a double whammy to kick start the launch.

Posted Using LeoFinance Beta

The community is much tighter and more excited about LBI than when SPI was released. The early days of SPI, to be honest, were very tough.

We have great excitement surrounding LBI, which is just an extension of what is taking place on Leofinance.

Thus I think we have a very bright future.

Posted Using LeoFinance Beta

image.png
Doneee.

@metzi de esto estabas hablando que no ibas a invertir por su hoja de ruta
bueno si es así veo que es una gran propuesta claro si tienes fondos si no ni te metas que el riesgo es altamente fuerte igual que todos los tokens de HE.

Posted Using LeoFinance Beta

Mi español no es muy bueno, así que gracias por leer la publicación.

Posted Using LeoFinance Beta

(this is a screen cap of the lbi-token balance before i sent 100)

image.png

LOL

Posted Using LeoFinance Beta

JESUS, if you intend to convert those into LBI, could you do it in 2 batches, please? I dont what you hexing the project on launch day. baaa-hahahaha

Posted Using LeoFinance Beta

LOL that is something I wish I hadnt seen.

Posted Using LeoFinance Beta

what a marvelous post! A clear roadmap for one year and basically you guys explained it thoroughly!

We commit to producing content that could include financial information/reviews, saving tips, how-to guides, contests, videos, gathering feedback posts are anything LBI related

I expect all of these and as i mentioned in another post, you can create a small guide (video/screenshots) to show people how to buy, using LEO interface, Hive Engine or generally the most popular ones!

I look forward to it! 200 LBI for me!!! :P

Posted Using LeoFinance Beta

I look forward to it! 200 LBI for me!!! :P

A great starting point. The price will hold, likely, for the first month.

It gives time for people to get involved more than their initial entry.

I know I will keep adding for a while.

Posted Using LeoFinance Beta

yep at first, i was going to invest 100 cause i didn't believe i would gather more in rewards! turns out i have a little bit over 200! so i will keep on posting and trying to gather my Leo this month. The ultimate goal is 500 but only if i manage to gather 300 more till LBI are still on sale :P

After that, i will power up into LP whatever i earn!

Posted Using LeoFinance Beta

cool

Hello, thank you for checking out and reading the post.

Of course, any how-to's would include screenshots. You'll be aware that thinking up new content is not easy so I am very sure we will cover alot of different things from the simple stuff like how the wrap leo to more complex things like investing into an LP. Dont expect it to be all at once but over time, we'll build up a nice library of how-to guide posts :)

Posted Using LeoFinance Beta

You'll be aware that thinking up new content is not easy

hahaha tell me about it!! It's almost for AM here and i am still waiting to invest before i sleep :P

Posted Using LeoFinance Beta

OH YES !!!

It's here - it's finally here

It's just like x-mas ;)

Token sales going live very soon :)

Posted Using LeoFinance Beta

Quite good and perfect statement!
I will invest in LBI.
Now, can I transfer LEO tokens to @lbi-token?

Thank you so much for your Description.

Posted Using LeoFinance Beta

You can transfer it might take a few hours for the LBI to show up in your HE account sine it has to be manually done.

But it will get there. SSUK has to sleep at some point. LOL

Posted Using LeoFinance Beta

Thank you so much.
I will do it now.

Good morning!
Now is 7:30 o' clock in my country, Myanmar.

Posted Using LeoFinance Beta

The time zone difference is going to find some people waiting for a while. It all depends upon sleep patterns. Fortunately SSUK doesnt sleep much. LOL

Posted Using LeoFinance Beta

ahh so i can transfer to the account from now? (it's 4am in my country) I don't really care if i have to wait to obtain them, just to know whether i can send the amount and then go back to sleep :P

Also do you know if i have to write something specific in the memo or just a LBI investment is ok?

Posted Using LeoFinance Beta

Its 3am here for me. I work night shift so that my body clock. Work well as most are from USA side of the pond.

Posted Using LeoFinance Beta

SOON, very soon

and yes, straight transfer :)

Thanks for your nice feedback

Posted Using LeoFinance Beta

Looking forward to it!

I'm not going to miss out on this....I slept on SPI and LEO...Learned my lesson lol

Posted Using LeoFinance Beta

I slept on SPI and LEO

That was a long nap.

Is this yoU?

image.png

Posted Using LeoFinance Beta

ha ha ha ha felt like it for sure.

Posted Using LeoFinance Beta

This is great, thank you for checking out the post and reading through it.

Tokens will go on sale soon :) I wonder how many LEO will be staked to the wallet this time in 24 hours?

Posted Using LeoFinance Beta

My guess is 50K LEO staked in lbi-token account within the first day of opening.

Posted Using LeoFinance Beta

Looking forward to it!

Yeah I think it's multiple thousands for sure...5 figures worth!

Posted Using LeoFinance Beta

Looking forward to this new investment opportunity.
A quick question-
How much of the total profit made by the token/fund will be distributed to holders? Is it 50% of the total income?

Posted Using LeoFinance Beta

Hello and thanks for nice comment and easy question.

The weekly dividend will be funded by 50% of all LEO/HIVE earnings but not off HIVE chain investment like wLEO LP as an example.

50% of all LEO community and HIVE blockchain earnings
0% of non HIVE blockchain assets, we let these compound

I hope that clears it up :)

Posted Using LeoFinance Beta

Thanks for the reply. Yes, that clarifies.
A compounding question - how will the remaining 50% earnings and non Hive assets benefit holders? Is it the assumption that the remaining earnings will help appreciate the value of the token?

The remaining 50% is staked to help foster more curation rewards.

At some point in time, after there is sufficient LP, which the community will decide, we will look at other assets.

LBI tokens holders benefit since the value (appreciation) of those assets are what is backing LBI. Plus there is always the possibility of other types of ROI by getting involved in pooling or staking them.

@spinvest holds a variety of assets, both onchain and off, that all go into the value of the token.

Posted Using LeoFinance Beta

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

You distributed more than 10 upvotes. Your next target is to reach 50 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

Do not miss the last post from @hivebuzz:

Saint-Nicolas challenge for well-behaved girls and boys
HiveFest⁵ badges available in the HiveBuzz shop
The new HiveFest⁵ Attendee badge is waiting for you

First invest sent, thanks.

We've not launched yet so we'll consider this a pre-order, your first in line.

CHANCER! :) haha

Posted Using LeoFinance Beta

I thought since it was the seventh UTC time and with the post just before turning the seventh that it was time, thanks for accepting the pre-order then.

Sorry, i was joking with you.

Im from the UK and it was past midnight for me plus a 2 other people send LEO a few days back, haha. It's great to see the enthusiasm

Posted Using LeoFinance Beta

congratulations team. Just started with an initial investment of 550 LEO tokens. Looking forward to a bright future. Cheers

Posted Using LeoFinance Beta

Seen that, great stuff.

It'll take a while to get the ball rolling but when it starts, it'll be hard to stop :)

Posted Using LeoFinance Beta

What is the total no of LBI tokens at lunch ? Is that going to be fixed ? Any burning model ?

Posted Using LeoFinance Beta

There was 1 million created.
They will be minted in batches of 50k at a time
We will vote to hard cap after 1 year
no burning model other than when hard capping the token

Posted Using LeoFinance Beta

I think I love the innovation.

Posted Using LeoFinance Beta

I think others love it as well, we've issued over 50k tokens in the first 12 hours, lol.

Thanks for taking the time to read through this post :)

Posted Using LeoFinance Beta

I've received my 50 lbi

Beautifully set out, thank you.

Thank you :)

Im learning finally how to write over all these years, lol. Hopefully info coming out of LBI will be cleaner than it was when SPI launched :)

Posted Using LeoFinance Beta

I just found out about this project and it sounds very interesting.
I checked the market on Hive Engine to buy a couple of LBI Tokens but there are no sell orders for the same price as LEO Tokens. How can I get the 1 : 1 deal?
Thank you for your great work!

Posted Using LeoFinance Beta

You can send LEO directly to @lbi-token . For every LEO sent , you will get 1 LBI .

Posted Using LeoFinance Beta

I am in too. Rehived.

Posted Using LeoFinance Beta

b. Weekly dividend - Starting 5th Jan 2021

LBI tokens holder will receive a weekly LEO dividend payment each Tuesday at 8 PM UTC

Did this happen? Can't find the transaction in my wallet? Stumbled upon this info ( that I had forgotten about ) while trying to figure out how to buy more LBI and whether that's still possible.

So that's my second question: Can I still get myself more LBI by sending LEO to this account?

Cheers!

Posted Using LeoFinance Beta