Sample LBI Proposal

Authored by @silverstackeruk

Hello LBIer's, today we are going to look at a "sample" of an LBI proposal. The GOV team will soon release a post that will confirm that LBI is now accepting proposals to be voted on. The first proposal voting will take place I have decided to write a sample to give people an idea of what sort of proposals we are after and how they should be formatted. The GOV team will finalise how proposals should be formatted and im sure it will be detailed in their coming post so for now im sort of gonna wing it.

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Intro over, my "sample" proposal starts .............now

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(1) - Proposal name
LBI Proposal
Project Blank proposal

(2) - Your proposal in 1-2 lines
I propose that we use the project blank airdrop to create a new subsidiary project for LBI.

(3) - Explain your proposal in greater detail, share your vision/grievance, explain why it required, explain how it's sustainable, what funds are required (if any)
I propose that we split the Project Blank airdrop away from LBI and use it to create a new project under LBI that is exclusive to Project Blank. All LBI token holders would receive an airdrop to an equal ratio of what LeoFinance drops. LBI token holders would receive LeoBackedProjectBlank (LBPB) tokens.

This LBPB token will be pegged to the price of the Project Blank token. We do not aim to increase the LBPB token price, we aim to increase it's circulating supply. As earnings are generated and more project blank tokens are staked, more LBPB will be minted and issued to existing LBPB token holders.

Sample, made up, whatever token stats

  • Stable to the price of Project blank token
  • 5 million created
  • approx 250,000 airdropped to LBI token holders
  • token inflation dictated by LBPB account earnings
  • Liquidity offered from exchanges only, no buyback

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  • 85% of account earnings are staked
  • New LBPB tokens are minted to earnings value and issued to existing LBPB holders
  • 10% of LBPB earnings dip to @lbi-token
  • 5% of LBPB earnings dip to LBPB team

As LBPB tokens are pegged to Project Blank tokens and new LBPB token are only minted when Project Blank tokens are staked to the LBPB account, we have assured the sustainability of the project, not an issue.

(4) - Impact for LBI
By creating a new project from the Project Blank airdrop, we are able to better manage separate earnings and holding on different platforms. This will also help to protect the LBI token price from wild price fluctuations while adding a new source of passive/active income with the 10%

(5) - Who will run this proposal (if people are required)
I suggest that we pick a team of 3 token holders to represent us on Project Blank by way of a 1-week token holder vote. Primarily 2 content producers and 1 back end guy/gal for accounting required.

(6) - Recap

  • Split Project Blank airdrop into a new subsidiary for LBI
  • Create an LBPB token that pays out daily dividends in LBPB to existing LBPB token holders based on that day's earnings
  • 85% of earning staked/compounded
  • 15% of earnings paid to @lbi-token and the LBPB team

Thank you for reading through my proposal. I hope that you agree with whatever im trying to convince you to do, if you have any questions please ask them below and I will do my best to get back to you with a prompt and satisfying answer.

My "sample" proposal ends .............now

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Ok, so there you have it. That is roughly how a proposal should look. The GOV team will finalise how to format future proposals but you can see how I split my proposal into 6 sections, each with its own purpose. The names and orders might be different but I assume the format will replicate this in some shape are form.

By the way, this idea is not on the cards. Will it is if someone proposes it but I think it would be a bad project and we could do something better than this.

I look forward to the GOV team launching LBI proposals as we take our first steps to decentralization. I just wanted to put a post out there so people can get an idea of what a proposal should be presented. If this where a real one, the word count would be a lot higher as I have not gone into great detail as this is a sample proposal.

Hope you enjoyed this post,

1/slap the upvote button
2/slap the share post button
3/slap yourself on the back for being awesome

Dont start with #3, that's cheating

Posted Using LeoFinance Beta



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21 comments
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There is a LBI miner on the engine, with all these new people poring in somebody with money who is new to Leo Finance is going to be hella pissed when they drop a grand on fake LBI Miners.

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I think it is hidden in Hive Engine but its not in LeoDex. So the solution is simple, have the LeoFinance team hide the scam token.

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It almost got me, and I'm new, but something told me too check into it before I bought a decent share, and someone posted about it on Hive lucky enough

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DYOR

There's little I can do, to be honest. Markymark gave a hand and alerted the HE team but it keeps popping up.

be safe out there

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Good job catching it. I am pretty sure it was people like you who were skeptical that looked for more information and thus brang it to light. I think so long as the token is hidden from people, the new users won't have any issues. Which is why I like that HE doesn't show the token at all but I am concerned about Leodex since it shows it.

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It is always good to check the posts before buying , I know we will be tempted , If there was a real LBIM who wouldn't want to buy it .

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Agreed.. we gotto do something about it. Doesn't wanna leave a bad impression for newcomers where they lose a ton of money.

That's why whenever I see a new token on HE I always go to info and see about it fully before making a move.

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I think it's a good outline for the LBI proposals. We do get to vote on the proposals and how do we decide which proposals go forward if there are too many?

1/slap the upvote button
2/slap the share post button
3/slap yourself on the back for being awesome

I would of changed it to:

1/slap the upvote button
2/slap the share post button
3/comment on the post with your feedback
4/slap yourself on the back for being awesome

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I'll slap you for changing my outro!!

The @lbi-gov account will release full details soon but proposals are made, the GOV team repost tot eh GOV account for max exposure. Every 6 months as voted on my token holders, we host 2 voting rounds. The first will contain all proposals made over the past 6 months and the top 5 will go to final vote. From the final vote, 2 are selected and put into action.

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Lol about the outro. I thought I would do my part and remind people to comment.

Thanks for the proposal process. I also wonder how many proposals will be made over the next 6 months. I'll participate in the voting process but I don't think I'll be making a proposal.

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I suggest that we pick a team of 3 token holders to represent us on Project Blank by way of a 1-week token holder vote. Primarily 2 content producers and 1 back end guy/gal for accounting required.

Interesting . I have been thinking about being a part of LBI if opportunity comes up so if I feel I will find time then I might apply :)

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Great outline of a proposal should look like. I hope we truly achieve the decentralisation we seek here on lbi

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there's a lot of slapping going on here, is this the kinky corner of Leo Finance ? :)))

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Reblogged and bookmarked for further study. The big future is emerging for LBI.

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The best decision I ever made on hive was getting involved in this project at the early stage. Cant wait for the proposal to be high lighted and brought forward

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Very nice! I think you did a great job here. I am really hoping we get some great proposals in this window. I think there are a lot of people with some really great ideas out there and using those to enhance LBI would be great.

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